Eth mixer / Cryptocurrency tumbler
Since bitcoin is gaining momentum around the world, digital money holders have become more aware about the confidentiality of their affairs. Everyone thought that a sender can remain incognito while depositing their coins and it turned out that it is not true. On account of public administration controls, the transactions are which means that a sender’s electronic address and even personal identification information can be disclosed. But don’t be worried, there is an answer to such governmental measures and it is a Bitcoin mixer.
To make it clear, a crypto tumbler is a program that splits a transaction, so there is an easy way to mix several parts of it with other transactions used. After all a sender gets back the same number of coins, but blended in a completely different set. Therefore, there is no possibility to trace the transaction back to a sender, so one can stay calm that identity is not uncovered.
As maybe some of you know, every crypto transaction, and Bitcoin is not an exception, is carved in the blockchain and it leaves marks. These traces are important for the government to track back illegal transactions, such as buying weapon, 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 available crypto tumbling services and secure sender’s personal identity. Many crypto holders do not want to let everybody know the amount they earn or how they spend their money.
There is a belief among some web surfers that using a mixing service is an illegal action itself. It is not completely correct. As outlined above, there is a possibility of crypto mixing to become illegal, if it is used to hide user’s criminal activity, otherwise, there is no point to be concerned. There are many platforms that are here for cryptocurrency owners to blend their coins.
Nevertheless, a digital currency owner should be careful while picking a crypto mixer. Which platform can be trusted? How can a crypto holder be certain that a mixer will not take all the sent digital money? This article is here to answer these questions and assist every crypto owner to make the right choice.
Coin mixer
Let’s first figure out which options need to be considered to ensure that a platform user trusts their digital money to a reliable service:
- 1) there is typically a fee which is normally negligible (approx. 1-3%).
- 2) no logs are kept. It means that no record about your online actions is gathered. This feature is exceptionally important.
- 3) various outgoing addresses can be added which help to diversify risks and send mixed coins to different destinations. These addresses are used as a final destination for the sent coins.
- 4) types of cryptocash involved. There are scramblers that allow to mix some other cryptocurrencies except Bitcoin.
- 5) such platforms usually require confirmation, and the least confirmations it requires, the better.
- 6) If a mixer provides you with a Letter of Guarantee, it means that you can use it as a confirmation of your involvement in the transaction and it keeps safe your coins in case of scams. Generally it looks like a text file digitally signed using PGP technology. The defined options are critical to make a decision which cryptocurrency mixing service to use. There are some more aspects that also need to be noticed and all of them are added into the below table of the top mixing platforms.
The cryptocurrency mixing services presented above are among the leading existing tumblers that were chosen by clients and are highly recommended. Let’s look into the listed mixers and describe all options on which attention should be focused.
Surely all mixers from the table support no-logs and no-registration policy, these are essential aspects that should not be overlooked. Most of the mixing services are used to mix only Bitcoins as the most regular cryptocurrency. Although there is a couple of coin scramblers that mix other coins, such as Ethereum, Bitcoin Cash and Litecoin. Additional currencies give a sender 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 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 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 essential to consider each of them independently.
Blender has a simple interface, it is intuitive to use and uncomplicated. Time-delay option can be set up to 24 hours. With regard to the fee, there is an extra fee of 0.0005 % per output address. As one of the few, this cryptocurrency tumbler provides a user with a special mixing code which assures that fresh crypto coins are not mixed with previous deposits. Additional URL (Blender) is also here to make sure that users can get to the tumbler, even if the main link is not working.
As well as others, CryptoMixer has both a clear-web (CryptoMixer). This tumbler is remarkable for accommodating extremely large-volume transactions. After public verification of their reserve of 2000 BTC there is no doubt that users can trust this mixing platform and their cryprocurrencies will not be taken. The number of needed confirmations differs depending on the deposited amount, e.g. for depositing less that 25 BTC there is only 1 confirmation required, in case of depositing more than 1000 BTC a user needs to collect 5 confirmations.
To operate on this crypto tumbler, a CryptoMixer code needs to be created. A user should write it down, so it is possible to use it next time. After entering a CryptoMixer code, users need to provide the outgoing address or several of them and then set a time-delay feature. A delay time is defined automatically and a user can adjust it if necessary. A service fee can be also selected from the table depending on the deposited amount. Each transaction requires additional fee of 0.0005 BTC. Also, a calculator on the main page helps every user to see the number of coins sent and received after mixing.
Based on the experience of many users on the Internet, PrivCoin is one of the best Bitcoin mixers that has ever appeared. This tumbler supports not only Bitcoins, but also other aforementioned crypto coins. 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 untraceable, as it can be set up to 24 hours. There is a transaction fee of 0.0005 for each additional address.
One absolutely unique crypto mixing service is ChipMixer because it is based on the totally different idea comparing to other tumblers. A user does not simply deposit coins to mix, but makes a wallet and funds it with chips from 0.01 BTC to 8.192 BTC which a user can divide according to their wishes. After chips are included in the wallet, a wallet holder can forward coins to process. As the chips are sent to the mixing service 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 mixer: 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 cost-effective. Retention period is 7 days and every user has a chance to manually cleanse all logs before the end of this period. Another mixing platform 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 mixer requires a request to be sent over Tor or Clearnet and renewed coins are obtained from stock exchanges.
There are 3 phases of this mixing process that include:
- 1. pre-mixing coins and then mixing them with others;
- 2. sending coins to stock exchanges where they are combined with coins of other traders;
- 3. new coins are returned back to the original sender.
it is noteworthy that random sums are sent in two and more transactions to make them less trackable.
Another trustworthy mixer is BitMix which supports two cryptocurrencies with Ethereum to be added soon. The mixing process is relatively typical and identical with the processes on other mixers. It is possible to set a time-delay feature up to 72 hours and a sender has an opportunity to split the transaction, so the coins are sent to several addresses. Thus, sender’s money are more secured and untraceable.
Two cryptocurrencies are also supported on SmartMix.io scrambler. This mixer is listed because it works quickly and it is trusty. The transaction fee is really low, only the amount of 0.0001 BTC needs to be sent for each additional address. Dividing deposited coins between 5 addresses is also highly beneficial for keeping user’s anonymity. Every user is able to choose an additional option of delaying the payout meaning that the transaction is becoming even less traceable.
Let’s represent another one of the best bitcoin mixers which is really easy to operate. Bitcoin Laundry (Bitcoin Laundry) has a straightforward interface and it should be noted that the service fee is the lowest possible, it is 0.0% with 0.0002 BTC per extra address. Retention period is 7 days when it is possible for a user to manually delete all the logs which are stored for this period because of any future transaction-related issues. There is a time-delay feature, however, it is not possible to be controlled by a user but the mixer only.
Being one of the oldest crypto coin tumblers, BitBlender (BitBlender) continues to be a simple and functional crypto coin tumbler. There is a possibility to have two accounts, with and without registration. The difference is that the one without registration is less controllable by a user.
The mixing process can be performed and the transaction fee is charged randomly from 1% to 3% which makes the transaction less traceable. Also, if a user deposits more than 10 BTC in a week, the platform reduces the fee by half. With a time-delay feature the transaction can be delayed up to 24 hours. A Bitcoin sender should be afraid of security leak as there is a 2-factor authentication when a sender becomes an owner of a PGP key with password. However, this mixer does not offer a Letter of Guarantee which makes it hard to turn to this coin mixer in case of scams.
And last but not least, there is a mixing service with several cryptocurrencies to tumbler named SmartMixer (SmartMixer). For now, there are three currencies and Ethereum is going to be added soon. This mixer offers a very easy-to-use user-interface, as well as the opportunity to have control over all steps of the mixing process. A user can select a delay not just by hours, but by the minute which is extremely useful. The platform provides the opportunity to use a calculator to understand the amount of money a user finally receives. The service fee is from 1 % to 5 % with fees for extra addresses (0.00045529 BTC, 0.01072904 LTC, and 0.00273174 BCH). Having funds from different resources helps the mixing platform to maintain user’s personal information undiscovered. This last mixer does not offer its users a Letter of Guarantee.
All cryptocurrency tumblers introduced in the article are reported to be trusty having all transactions unidentified. It is important to pick a crypto tumbler wisely, as a sender has no chance to turn to any authority in case of scams. By all means, processing your deposits online can be risky, however, using coin tumblers that are introduced in the article will help every user to minimize risks and be sure of success of the transaction.
Eth-mixer review. Cryptocurrency tumbler