Ethereum mixer reddit. Cryptocurrency tumbler
Since bitcoin is gaining momentum worldwide, digital money holders have become more aware about the confidentiality of their transactions. Everyone thought that a sender can remain unidentified while depositing their coins and it turned out that it is not true. Owing to the implementation of government policies, the transactions are identifiable 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 cyber money mixing service.
To make it clear, a crypto tumbler is a software program that splits a transaction, so there is an easy way to blend several parts of it with other coins. After all a sender gets back an equal quantity of coins, but mixed up in a completely different set. Therefore, there is no possibility to trace the transaction back to a user, so one can stay calm that personal identification information is not disclosed.
As maybe some of you realize, every crypto transaction, and Bitcoin is no different, is carved in the blockchain and it leaves marks. These marks are important for the government to trace back outlawed transactions, such as purchasing guns, drugs or money laundering. While a sender is not associated with any unlawful activity and still wants to avoid being traced, it is possible to use available bitcoin tumbling services and secure sender’s personal identity. Many crypto holders do not want to inform everyone the amount they gain or how they use up their money.
There is an opinion among some internet surfers that using a mixer is an illegal action itself. It is not entirely true. As outlined above, there is a possibility of coin blending to become unlawful, if it is used to hide user’s illegal actions, otherwise, there is no point to worry. There are many services that are here for bitcoin holders to mix their coins.
Nevertheless, a digital currency owner should be careful while picking a bitcoin tumbler. Which service can be relied on? How can one be certain that a tumbler will not steal all the deposited digital money? This article is here to answer these concerns and assist every bitcoin holder to make the right choice.
The cryptocurrency mixing services presented above are among the top existing scramblers that were chosen by clients and are highly recommended. Let’s take a closer look at the listed coin tumblers and describe all aspects on which attention should be focused.
Surely all mixers from the table support no-logs and no-registration rule, these are critical features that should not be neglected. Most of the mixing platforms are used to mix only Bitcoins as the most regular cryptocurrency. Although there is a couple of crypto mixing platforms that mix other cryptocurrencies, such as Ethereum, Bitcoin Cash and Litecoin. Additional currencies give a sender more opportunities, some tumblers also allow to combine coins between the currencies which makes transactions far less trackable.
There is one option 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 deposited 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. To get a better understanding of crypto tumblers, it is necessary to consider each of them separately.
Based on the experience of many users on the Internet, PrivCoin is one of the best Bitcoin tumblers that has ever existed. This scrambler supports not only Bitcoins, but also other above-mentioned cryptocurrencies. Exactly this platform allows a user to interchange the coins, in other words to deposit one currency and get them back in another type of coins. This process even increases user’s confidentiality. Time-delay feature helps to make a transaction hardly traceable, as it can be set up to 24 hours. There is a transaction fee of 0.0005 for each additional address.
One absolutely special crypto tumbler is ChipMixer because it is based on the absolutely another rule comparing to other mixers. A user does not just deposit coins to clean, but makes a wallet and funds it with chips from 0.03 BTC to 9.121 BTC which a user can split according to their wishes. After chips are added to the wallet, a wallet owner can send coins to process. As the chips are sent to the mixing platform beforehand, following transactions are untraceable and there is no opportunity to connect them with the wallet holder. There is no standard fee for transactions on this mixing service: it applies “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 cost-effective. Retention period is 7 days and each sender has an opportunity to manually cleanse all logs prior to this period. Another mixing service 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 gained from stock exchanges.
