Ethereum mixer reddit - Cryptocurrency tumbler
As maybe some of you realize, every cryptocurrency transaction, and Bitcoin is not an exception, is embed in the blockchain and it leaves traces. These traces are essential for the authorities to track back illegal transactions, such as purchasing guns, drugs or money laundering. While a sender is not associated with any illegal activity and still wants to avoid being traced, it is possible to use accessible crypto tumbling services and secure sender’s identity. Many digital currency holders do not want to inform everyone the amount they earn or how they spend their money.
There is a belief among some web surfers that using a tumbler is an illegal action itself. It is not completely correct. As outlined above, there is a possibility of crypto mixing to become unlawful, if it is used to hide user’s criminal activity, otherwise, there is no need to be concerned. There are many platforms that are here for cryptocurrency owners to blend their coins.
Nevertheless, a crypto holder should pay attention while picking a crypto mixer. Which platform can be relied on? How can a crypto holder be certain that a mixing platform will not steal all the sent coins? This article is here to answer these concerns and help every crypto owner to make the right decision.
The cryptocurrency mixing services presented above are among the top existing scramblers that were chosen by users and are highly recommended. Let’s look into the listed coin tumblers and describe all aspects on which attention should be focused.
As digital money is gaining momentum worldwide, bitcoin holders have become more aware about the confidentiality of their transactions. Everyone used to believe that a crypto user can remain unidentified while depositing their coins and it turned out that it is not true. On account of the implementation of government policies, the transactions are detectable which means that a sender’s e-mail and even identity can be disclosed. But don’t be frightened, there is an answer to such public administration controls and it is a crypto mixing service.
To make it clear, a crypto tumbler is a program that breaks up a transaction, so there is a straightforward way to mix several parts of it with other coins. In the end a sender gets back an equal quantity of coins, but mixed up in a completely different set. As a result, there is no way to track the transaction back to a sender, so one can stay calm that personal identification information is not uncovered.
Surely all tumblers from the table support no-logs and no-registration rule, these are critical options that should not be overlooked. Most of the mixers are used to mix only Bitcoins as the most regular digital money. Although there are a few crypto mixing platforms that mix other cryptocurrencies, such as Ethereum, Bitcoin Cash and Litecoin. Additional currencies provide a sender with more options, some tumblers also allow to mix coins between the currencies which makes transactions far less identifiable.
There is one feature that is not represented in the above table and it is time-delay. This option helps a user and a transaction itself to stay incognito, as there is a gap between the sent coins and the outgoing transaction. In most cases, users can set the time of delay on their own and it can be several days or even hours and minutes. For better understanding of crypto mixers, it is necessary to consider each of them separately.
Based on the experience of many users on the Internet, CoinMixer is one of the best Bitcoin mixing services that has ever appeared. This mixer supports not only Bitcoins, but also other above-mentioned cryptocurrencies. Exactly this platform allows a user to exchange the coins, in other words to send one type of coins and receive them in another type of coins. This process even increases user’s anonymity. Time-delay feature makes a transaction hardly traceable, as it can be set up to 24 hours. There is a transaction fee of 0.0005 for each extra address.
One totally unique crypto mixer is ChipMixer because it is based on the completely different rule comparing to other services. A user does not simply deposit coins to mix, but makes a wallet and funds it with chips from 0.01 BTC to 10.11 BTC which a user can split according to their wishes. After chips are added to the wallet, a wallet owner can deposit coins to process. As the chips are sent to the mixing service in advance, following transactions are untraceable and it is not possible to connect them with the wallet holder. There is no usual fee for transactions on this mixing service: it uses “Pay what you like” feature. It means that the fee is applied in a random way making transactions even more anonymous and the service itself more affordable. Retention period is 7 days and each sender has an opportunity to manually cleanse all logs before the end of this period. Another coin scrambler Mixtum offers you a so-called free trial period what means that there are no service or transaction fee applied. The process of getting renewed coins is also quite unique, as the mixing service requires a request to be sent over Tor or Clearnet and clean coins are obtained from stock exchanges.