Eth-mixer review. Cryptocurrency tumbler
As bitcoin is spinning up across the globe, digital money holders have become more conscious about the confidentiality of their affairs. Everyone thought that a crypto user can remain incognito while depositing their digital currencies and it came to light that it is untrue. Because of public administration controls, the transactions are detectable which means that a sender’s e-mail and even personal identification information can be disclosed. But don’t be worried, there is an answer to such public administration controls and it is a crypto mixer.
To make it clear, a crypto tumbler is a program that breaks up a transaction, so there is a straightforward way to mix different parts of it with other coins. After all a user gets back an equal quantity of coins, but mixed up in a non-identical set. Consequently, there is no way to track the transaction back to a sender, so one can stay calm that personal identification information is not revealed.
As maybe some of you are aware, every crypto transaction, and Bitcoin is no different, is embed in the blockchain and it leaves marks. These traces are important for the authorities to trace back illegal transactions, such as purchasing guns, drugs or money laundering. While a sender is not connected with any criminal activity and still wants to avoid being tracked, 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 gain or how they use up their money.
There is an opinion among some internet surfers that using a mixing service is an illegal action itself. It is not entirely true. As mentioned before, there is a possibility of cryptocurrency mixing 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 blend their coins.
However, a crypto holder should be careful while picking a bitcoin tumbler. Which platform can be relied on? How can one be sure that a mixing platform will not steal all the deposited digital money? This article is here to answer these concerns and help every bitcoin holder to make the right choice.
Bitcoin Tumbler
Let’s first find out which options need to be considered to make sure that a sender trusts their money to a trustworthy service:
- 1) there is usually a fee which is typically negligible (approx. 1-3%).
- 2) no logs are kept. It means that no record about your online actions is collected. This feature is immensely significant.
- 3) various outgoing addresses can be added which help to diversify risks and send cleaned coins to different destinations. These addresses are used as a final destination for the sent coins.
- 4) types of cryptocash involved. There are mixers that allow to mix some other coins except Bitcoin.
- 5) such platforms usually require confirmation, and the least confirmations it requires, the better.
- 6) If a scrambler 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 protects your coins in case of scams. Most of the time it looks like a text file digitally signed using PGP mechanism. The specified options are important to decide which cryptocurrency mixing service to use. There are some more aspects that also need to be noticed and all of them are listed in the below table of the best crypto tumblers.
The cryptocurrency mixing services presented above are among the best existing mixers that were chosen by users 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 mixing services are used to mix only Bitcoins as the most regular cryptocurrency. Although there is a couple of crypto tumblers that mix other cryptocurrencies, such as Ethereum, Bitcoin Cash and Litecoin. Additional currencies provide a sender with more options, some tumblers also allow to combine coins between the currencies which makes transactions far less identifiable.
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 forwarded coins and the outgoing transaction. In most cases, users can set the time of delay by themselves and it can be a couple of days or even hours and minutes. To get a better understanding of crypto tumblers, it is necessary to review each of them independently.
Blender has a straightforward interface, it is easy to use and uncomplicated. Time-delay option can be set up to 24 hours. With regard to the fee, there is an additional fee of 0.0005 % per outgoing address. As one of the few, this mixer provides a user with a special mixing code which assures that fresh crypto coins are not mixed with prior deposits. Additional URL (Blender) is also here to guarantee that senders can get to the mixing service, even if the main link is not available.
As well as others, CryptoMixer has both a clear-web (CryptoMixer). This mixing service is remarkable for accommodating extremely large-volume transactions. After public verification of their reserve of 2000 BTC it is clearly that users can trust this mixing platform and their deposits will not be stolen. The number of required confirmations depends on the number of deposited coins, 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 invented. A user should note it, so it is easy 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 option. A delay time is defined automatically and a user can modify it if necessary. A service fee can be also selected from the table depending on the forwarded amount. Every transaction requires additional fee of 0.0005 BTC. Also, a calculator on the main page helps every user to understand the amount of crypto money sent and received after mixing.
Based on the experience of many users on the Internet, PrivCoin is one of the leading Bitcoin mixing services that has ever existed. This mixer supports not only Bitcoins, but also other above-mentioned cryptocurrencies. Exactly this platform allows a user to interchange the coins, in other words to deposit one currency and get them back in another type of coins. This process even increases user’s confidentiality. 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 extra address.
One absolutely extraordinary crypto tumbler is ChipMixer because it is based on the absolutely another idea comparing to other mixers. A user does not merely deposit coins to clean, but makes a wallet and funds it with chips from 0.01 BTC to 8.192 BTC which a user can split according to their wishes. After chips are included in the wallet, a wallet owner can send coins to process. As the chips are sent to the mixing platform prior to the transaction, next transactions are nowhere to be found and there is no opportunity to connect them with the wallet holder. There is no usual fee for transactions on this tumbler: it uses “Pay what you like” feature. It means that the fee is applied in a random way making transactions even more unidentified and the service itself more affordable. Retention period is 7 days and each sender has an opportunity to manually cleanse all logs prior to this period. Another coin tumbler Mixtum offers you a so-called free trial period meaning that there are no service or transaction fee charged. The process of getting renewed coins is also quite unique, as the mixing service requires a request to be sent over Tor or Clearnet and clean 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. forwarding coins to stock exchanges where they are mixed with coins of other traders;
- 3. new coins are returned back to the original sender.
It should be pointed out that random sums are sent in two and more transactions to make them less trackable.
Another reliable scrambler 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 platforms. 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 multiple addresses. Thus, sender’s funds are more protected and undetectable.
Two cryptocurrencies are also supported on SmartMix.io scrambler. This scrambler is listed because it works quickly and it is reliable. The transaction fee is really small, only the amount of 0.0001 BTC needs to be sent for each additional address. Dividing deposited coins between 5 addresses is also extremely 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 take a look at another one of the leading bitcoin mixers which is incredibly easy to operate. Bitcoin Laundry (Bitcoin Laundry) has a user-friendly interface and it is worth mentioning 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 easy for a user to manually remove all the logs which are stored for this period because of any possible transaction-related issues. There is a time-delay feature, however, it is not possible to be controlled by a user but the coin tumbler only.
Being one of the earliest crypto coin tumblers, BitBlender (BitBlender) remains a user-friendly and functional crypto coin mixer. There is a possibility to have two accounts, with and without registration. The difference is that the one without registration is less manageable by a user.
The mixing itself is realizable and the transaction fee is charged randomly from 1% to 3% which makes the transaction more anonymous. Also, if a user sends 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 holder should be afraid of security breach as there is a 2-factor authentication when a sender becomes a holder of a PGP key with password. However, this mixing platform does not have a Letter of Guarantee which makes it challenging to address this tumbler in case of scams.
And last but not least, there is a crypto coin tumbler with many cryptocurrencies to mix named SmartMixer (SmartMixer). For now, there are three currencies and Ethereum is going to be added in future. This tumbler offers a very simple user-interface, as well as the possibility to have control over all steps of the mixing process. A user can set up a delay not just by hours, but by the minute which is extremely helpful. The platform provides the opportunity to use a calculator to understand the amount of money a user finally gets. 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 many resources helps the mixing platform to maintain user’s identity incognito. This last tumbler does not offer its users a Letter of Guarantee.
All cryptocurrency scramblers introduced in the article are reported to be trustworthy having all transactions nameless. It is important to choose a mixing platform wisely, as a sender has no chance to address any authority in case of scams. Of course, processing your deposits online can be unsafe, however, using mixing platforms that are introduced in the article will help every user to reduce risks and be sure of success of the transaction.