Ethereum mixer reddit
As digital money is gaining momentum across the globe, digital money holders have become more conscious about the anonymity of their transactions. Everyone thought that a sender can remain incognito while depositing their coins and it turned out that it is untrue. On account of the implementation of government policies, the transactions are meaning that a user’s electronic address and even identity can be revealed. But don’t be alarmed, there is an answer to such governmental measures and it is a cyber money scrambler.
To make it clear, a crypto tumbler is a program that breaks up a transaction, so there is an easy way to blend different parts of it with other coins. In the end a user gets back an equal quantity of coins, but blended in a non-identical set. As a result, it is impossible to track the transaction back to a user, so one can stay calm that identity is not disclosed.
As maybe some of you are aware, every crypto transaction, and Bitcoin is not an exception, is carved in the blockchain and it leaves traces. These marks play an important role for the government to trace back criminal transactions, such as purchasing 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 available crypto tumblers and secure sender’s identity. Many bitcoin holders do not want to let everybody know how much they earn or how they spend their money.
There is a belief among some internet users that using a mixing service is an criminal action itself. It is not entirely true. As previously stated, there is a possibility of coin mixing to become illegal, if it is used to hide user’s criminal activity, otherwise, there is no reason to be concerned. There are many platforms that are here for cryptocurrency owners to tumbler their coins.
Nevertheless, a digital currency owner should be careful while choosing a crypto mixer. Which service can be relied on? How can a crypto holder be sure that a mixer will not steal all the deposited digital money? This article is here to reply to these questions and help every crypto owner to make the right decision.
The crypto scramblers presented above are among the leading existing mixers that were chosen by customers and are highly recommended. Let’s look closely at the listed crypto mixers and explain all features on which attention should be focused.
Surely all crypto mixing services from the table support no-logs and no-registration rule, these are essential aspects 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 coin scramblers that mix other coins, such as Ethereum, Bitcoin Cash and Litecoin. Additional currencies give a sender more opportunities, some tumblers also allow to blend coins between the currencies which makes transactions far less identifiable.
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 stay incognito, as there is a gap between the forwarded coins and the outcoming transaction. In most cases, users can set the time of delay by themselves and it can be several days or even hours and minutes. To get a better understanding of crypto mixers, it is necessary to consider each of them independently.
Based on the experience of many users on the Internet, Blender is one of the leading Bitcoin mixing services that has ever appeared. This scrambler supports not only the most popular cryptocurrency, but also other aforementioned cryptocurrencies. Exactly this platform allows a user to swap 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 confidentiality. Time-delay feature helps to make a transaction untraceable, as it can be set up to 24 hours. There is a transaction fee of 0.0005 for each additional address.
One absolutely extraordinary crypto mixer is ChipMixer because it is based on the absolutely different principle comparing to other mixers. A user does not simply deposit coins to clean, but creates a wallet and funds it with chips from 0.02 BTC to 8.192 BTC which a user can break down according to their wishes. After chips are included in the wallet, a wallet holder can deposit coins to process. As the chips are sent to the mixing platform in advance, next transactions are untraceable and it is not possible to connect them with the wallet owner. 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 incognito and the service itself more cost-effective. Retention period is 7 days and every user has an opportunity to manually cleanse all logs before the end of this period. Another coin tumbler Mixtum offers you a so-called free trial period what means that there are no service or transaction fee applied. The process of getting clean coins is also quite unique, as the platform requires a request to be sent over Tor or Clearnet and renewed coins are gained from stock exchanges.