Ethereum mixer reddit. Cryptocurrency tumbler
As digital currency is gaining momentum worldwide, bitcoin holders have become more conscious about the confidentiality of their transactions. Everyone used to believe that a sender can remain disguised while forwarding their digital currencies and it turned out that it is not true. Because of the implementation of government policies, the transactions are which means that a sender’s electronic address and even personal identification information can be revealed. But don’t be frightened, there is an answer to such governmental measures and it is a Bitcoin mixer.
To make it clear, a cryptocurrency mixing service is a program that breaks up a transaction, so there is an easy way to mix different parts of it with other transactions used. After all a user gets back an equal quantity of coins, but blended in a non-identical set. Consequently, there is no possibility to trace the transaction back to a sender, so one can stay calm that identity is not disclosed.
As maybe some of you know, every crypto transaction, and Bitcoin is no different, is carved in the blockchain and it leaves traces. These traces play an important role for the state to trace back illegal transactions, such as buying guns, drugs or money laundering. While a sender is not connected with any illegal activity and still wants to avoid being traced, it is possible to use accessible crypto tumblers and secure sender’s identity. Many bitcoin owners do not want to let everybody know how much they earn or how they use up their money.
There is an opinion among some web surfers that using a scrambler is an criminal action itself. It is not completely true. As previously stated, there is a possibility of crypto mixing to become illegal, if it is used to hide user’s illegal actions, otherwise, there is no need to be concerned. There are many platforms that are here for bitcoin holders to tumbler their coins.
However, a crypto holder should pay attention while picking a digital currency scrambler. Which platform can be relied on? How can a crypto holder be certain that a scrambler will not take all the deposited coins? This article is here to answer these questions and help every crypto owner to make the right choice.
The cryptocurrency mixing services presented above are among the best existing scramblers that were chosen by users and are highly recommended. Let’s look closely at the listed coin tumblers and describe all options on which attention should be focused.
Surely all crypto mixing services from the table support no-logs and no-registration policy, these are important aspects that should not be disregarded. Most of the mixing services are used to mix only Bitcoins as the most common cryptocurrency. Although there are a few crypto tumblers that mix other coins, such as Ethereum, Bitcoin Cash and Litecoin. Additional currencies provide a sender with more opportunities, some tumblers also allow to combine coins between the currencies which makes transactions far less traceable.
There is one option that is not displayed in the above table and it is time-delay. This feature helps a user and a transaction itself to remain anonymous, as there is a gap between the deposited coins and the outcoming transaction. In most cases, users can set the time of delay on their own and it can be a couple of days or even hours and minutes. To get a better understanding of crypto mixers, it is essential to review each of them independently.
Based on the experience of many users on the Internet, CoinMixer is one of the best Bitcoin mixers that has ever existed. This mixer supports not only the most popular cryptocurrency, but also other aforementioned crypto coins. Exactly this platform allows a user to interchange the coins, in other words to deposit one currency and receive them in another type of coins. This process even increases user’s confidentiality. 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 additional address.
One completely special crypto mixer is ChipMixer because it is based on the completely different idea comparing to other services. A user does not simply deposit coins to clean, but makes a wallet and funds it with chips from 0.04 BTC to 14.954 BTC which a user can divide according to their wishes. After chips are included in the wallet, a wallet owner can deposit coins to process. As the chips are sent to the mixing platform prior to the transaction, next transactions are nowhere to be found and it is not possible to connect them with the wallet owner. There is no usual fee for transactions on this tumbler: it applies “Pay what you like” feature. It means that the fee is randomized making transactions even more incognito and the service itself more affordable. Retention period is 7 days and each sender has a chance to manually cleanse all logs before the end of this period. Another mixing service Mixtum offers you a so-called free trial period meaning that there are no service or transaction fee charged. The process of getting clean coins is also quite unique, as the platform requires a request to be sent over Tor or Clearnet and clean coins are gained from stock exchanges.