Bitcoins were developed as a currency where people couldn’t track or control the transfer. But that is not true. The third party can view the Bitcoin user’s details and financial data. So, there is a need to carry out anonymous transactions, which is where the Bitcoin tumblers come to use.
The cryptocurrency mixer or the Bitcoin mixer is an online platform that can mix the coins using coins of various owners and the cleaned coins that stay in the platform’s reserve. After that, these mixed coins get returned in a clean condition.
Once the coins go through the procedure demonstrated above, keeping track of the source and the owner’s identity is impossible. In short, one cannot hack into your account and steal your financial details. All your transactions are safe and secure. You don’t have to worry about any third party trying to steal all the valuable information. You can now enjoy peace of mind without any worry.
Understanding the process of coin mixing
It would help if you learned about the ways of mixing the coins. Currently, there are only two types of mixing coins: centralized and decentralized coin mixing.
There are such services that work based on a particular principle. Here the focus is on benefits that come with a significant supply of the coins on the balance sheets. The coins get mixed using people’s cryptocurrency, depending on the participation. Here, the user transfers the specific amount to the selected platform, where the crypto falls inside the standard “pot.” After that, it gets blended with the available coin stock. Once the mixing process is complete, the cleaned coins are transferred to a specific address.
People sometimes wish to remove every electronic trace and maximize the transaction anonymity level. Several Bitcoin cleaners provide users with several scopes for extra security. You can or cannot use this, but it is recommended to improve your privacy.
The best crypto mixers to choose from
Today, there are several crypto mixers that you can choose from so that you can conceal your identity. Discussed below are a few of the famous names so that you can arrive at an informed decision.
UniJoin.io is a user-friendly, reliable, and top platform for mixing Bitcoin transactions. Once the functions are completed, the user action traces will be deleted. Also, the only data requested from a client is an address to which the earlier deposited cryptocurrency funds will be returned. There is no need for any personal data or registration. Some of the best benefits of this mixer are:
- It is the repository of cleaned coins
- It provides the fastest transaction speed
- The feature can manually set the operations an unavoidable time delay to almost 24 times in a day
- There is the absence of the fixed service
- The tumbler gets equipped with the extra function “Mixing Code,” which ensures total confidentiality for the returning participants.
- It comes with the scope to make use of SegWit.
- The automatic removal of the data concerning the participant’s actions on transaction completion
- The capacity to add up to 8 addresses for withdrawing the cryptocurrency
- The site will showcase a daily URL and one that has a pseudo. Onion top-notch domain
The CryptoMixer can be best described as the Bitcoin mixer for all the high-volume transactions in Bitcoin. It gets developed with information from the Bitcoin Talk community. The system provides the Letter of Guarantee for each transaction and strives to provide secure and untraceable transactions.
The Bitcoin mixer enables users to use the service without making others wait to send the coins. The Crypto Mixer ensures that the user data stays hidden from all third parties and comes with a zero-log policy. The mixer provides fantastic data security by resorting to a high-end encryption process for all the transaction details.
It comes with reduced service fees. Usually, it starts from 0.5% and 0.0005 BTC. It can also enable you to customize it so that it becomes impossible for third parties to detect any connection between the addresses. A few of the advantages of this Bitcoin mixing service include the following:
- It comes with the zero-log policy
- It provides a letter of guarantee
- It can manage increased volumes of the bitcoin
ChipMixer is a popular Bitcoin cleaner that can keep the entire user data secure from any blockchain tracking software. Few compare it to a secret banking nexus from countries like Panama and the Bahamas. This tumbler makes use of various pre-funded Bitcoin wallets for facilitating the service. Once the user gets engaged with the service and places their Bitcoin, they can get the Bitcoin chips as the receipt. And to add an added anonymity layer, the service can enable the user to split, merge, bet, and donate the chips they have.
ChipMixer doesn’t have any fee involved with it. However, the mixer accepts donations. Users who wish to withdraw the funds can opt-in for the private key to swap the addresses. That way, it can avert withdrawals from getting registered on the blockchain. The chips on this Bitcoin tumbler come in varied sizes and can increase vastly based on the power of the two. Logs are also available for about seven days, and it doesn’t provide the users with the Letter of Guarantee. A few of the advantages of the ChipMixer include the following:
- It uses pre-funded wallets to deliver the Bitcoin, making it challenging to trace any transaction.
- It functions as one donation service.
These are a few popular legitimate Bitcoin mixers you can select based on your choice and requirement. You need to research each mixer and read up on the benefits thoroughly. UniJoin will do more justice to you compared to other types of crypto mixers.
Finally, never should you think that not having a mixing service means you are safe. The fact that you could do one or two transactions without any hassles doesn’t guarantee that no third party will attack you ever. Therefore, understand that letting others and cybercriminals access your crypto identity, and financial data is not favorable. They will plant an attack when you are least aware, and you will lose money. Hence, choose the tumbler that you feel will work best for you.