Ethereum mixer reddit - Cryptocurrency tumbler
Since cybercash is spinning up across the globe, digital money holders have become more conscious about the anonymity of their purchases. Everyone was of the opinion that a crypto user can remain incognito while forwarding their digital currencies and it came to light that it is not true. On account of the implementation of government policies, the transactions are identifiable meaning that a sender’s electronic address and even identity can be disclosed. But don’t be alarmed, there is an answer to such governmental measures and it is a cryptocurrency mixer.
To make it clear, a cryptocurrency mixing service is a software program that breaks up a transaction, so there is an easy way to mix different parts of it with other coins. After all a sender gets back the same number of coins, but blended in a non-identical set. Therefore, it is impossible to track the transaction back to a user, so one can stay calm that identity is not revealed.
As maybe some of you know, every cryptocurrency transaction, and Bitcoin is no different, is embed in the blockchain and it leaves marks. These traces are important for the government to track back criminal transactions, such as purchasing weapon, 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 bitcoin tumbling services and secure sender’s personal identity. Many crypto holders do not want to let everybody know how much they gain or how they use up their money.
There is a belief among some web surfers that using a scrambler is an illegal action itself. It is not completely true. As mentioned before, there is a possibility of cryptocurrency mixing to become unlawful, if it is used to disguise user’s illegal actions, otherwise, there is no reason to worry. There are many services that are here for bitcoin holders to blend their coins.
Nevertheless, a digital currency owner should pay attention while picking a digital currency scrambler. Which service can be relied on? How can one be certain that a tumbler will not steal all the deposited digital money? This article is here to reply to these concerns and help every crypto owner to make the right decision.
The crypto scramblers presented above are among the leading existing tumblers that were chosen by clients and are highly recommended. Let’s look into the listed crypto mixers and explain all options on which attention should be focused.
Surely all crypto mixing services from the table support no-logs and no-registration rule, these are critical features that should not be disregarded. Most of the mixers are used to mix only Bitcoins as the most common digital money. Although there are a few coin scramblers that mix other coins, such as Ethereum, Bitcoin Cash and Litecoin. Additional currencies provide a sender with more options, some mixing services also allow to combine coins between the currencies which makes transactions far less identifiable.
There is one option that is not represented 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 several days or even hours and minutes. For better understanding of crypto tumblers, it is essential to review each of them separately.
Based on the experience of many users on the Internet, CoinMixer is one of the best Bitcoin mixing services that has ever appeared. This mixer supports not only the most popular cryptocurrency, 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 extraordinary crypto tumbler is ChipMixer because it is based on the completely another principle comparing to other services. A user does not merely deposit coins to clean, but makes a wallet and funds it with chips from 0.02 BTC to 16.2 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 beforehand, 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 mixer: it uses “Pay what you like” feature. It means that the fee is randomized 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 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 platform requires a request to be sent over Tor or Clearnet and clean coins are obtained from stock exchanges.