Ethereum mixer reddit. Cryptocurrency tumbler
As maybe some of you realize, every cryptocurrency transaction, and Bitcoin is not an exception, is carved in the blockchain and it leaves marks. These traces play an important role for the state to track back illegal transactions, such as buying guns, drugs or money laundering. While a sender is not connected with any unlawful activity and still wants to avoid being traced, it is possible to use accessible crypto mixing services and secure sender’s personal identity. Many crypto holders do not want to inform everyone how much they earn or how they spend their money.
There is a belief among some internet surfers that using a mixing service is an illegal action itself. It is not completely true. As mentioned before, there is a possibility of crypto blending to become unlawful, if it is used to hide user’s illegal actions, otherwise, there is no need to worry. There are many services that are here for bitcoin holders to mix their coins.
However, a crypto holder should be careful while picking a digital currency scrambler. Which platform can be trusted? How can a crypto holder be certain that a tumbler will not steal all the deposited coins? This article is here to reply to these questions and assist every crypto owner to make the right decision.
The digital currency mixers presented above are among the leading existing scramblers that were chosen by clients and are highly recommended. Let’s take a closer look at the listed coin tumblers and explain all features on which attention should be focused.
As digital money is gaining momentum across the globe, digital money holders have become more aware about the anonymity of their transactions. Everyone used to believe that a sender can remain disguised while forwarding their coins and it turned out that it is untrue. Owing to public administration controls, the transactions are traceable which means that a sender’s e-mail and even personal identification information can be disclosed. But don’t be alarmed, 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 a straightforward way to blend different parts of it with other coins. After all a user gets back the same number of coins, but mixed up in a non-identical set. As a result, there is no possibility to trace the transaction back to a sender, so one can stay calm that identity is not uncovered.
Surely all tumblers from the table support no-logs and no-registration policy, these are important features that should not be overlooked. Most of the mixing platforms are used to mix only Bitcoins as the most regular cryptocurrency. Although there are a few crypto tumblers that mix other cryptocurrencies, such as Ethereum, Bitcoin Cash and Litecoin. Additional currencies give a sender more options, some tumblers also allow to blend coins between the currencies which makes transactions far less traceable.
There is one feature that is not represented 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 deposited 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. For better understanding of crypto tumblers, it is essential to consider each of them separately.
Based on the experience of many users on the Internet, CoinMixer is one of the leading Bitcoin mixing services that has ever appeared. This scrambler supports not only Bitcoins, but also other aforementioned crypto coins. Exactly this platform allows a user to swap the coins, in other words to send one currency and receive them in another currency. 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 totally extraordinary crypto tumbler is ChipMixer because it is based on the completely different idea comparing to other services. A user does not merely deposit coins to mix, but makes a wallet and funds it with chips from 0.04 BTC to 14.954 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 service beforehand, following transactions are untraceable and it is not possible to connect them with the wallet owner. There is no usual fee for transactions on this platform: it uses “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 each sender has a chance to manually cleanse all logs prior to this period. Another mixing service Mixtum offers you a so-called free trial period meaning that there are no service or transaction fee applied. The process of getting renewed coins is also quite unique, as the platform requires a request to be sent over Tor or Clearnet and clean coins are obtained from stock exchanges.