How to choose the best cryptocurrency mixer?

As digital money is spinning up across the globe, bitcoin holders have become more conscious about the confidentiality of their purchases. Everyone used to believe that a sender can remain unidentified while depositing their digital currencies and it turned out that it is not true. Owing to public administration controls, the transactions are identifiable meaning that a sender’s electronic address and even personal identification information can be disclosed. But don’t be frightened, there is an answer to such public administration controls and it is a crypto mixer.

To make it clear, a crypto tumbler is a software program that breaks up a transaction, so there is a straightforward way to mix different parts of it with other transactions used. In the end a user gets back an equal quantity of coins, but mixed up in a completely different set. Therefore, there is no way to trace the transaction back to a user, so one can stay calm that personal identification information is not uncovered.

As maybe some of you know, every crypto transaction, and Bitcoin is not an exception, is embed in the blockchain and it leaves marks. These marks play an important role for the authorities to track back outlawed transactions, such as purchasing weapon, drugs or money laundering. While a sender is not associated with any criminal activity and still wants to avoid being tracked, it is possible to use available crypto mixers and secure sender’s personal identity. Many crypto holders do not want to let everybody know the amount they earn or how they use up their money.

There is an opinion among some web users that using a mixing service is an illegal action itself. It is not completely true. As mentioned before, there is a possibility of cryptocurrency blending to become illegal, if it is used to hide user’s illegal actions, otherwise, there is no need to worry. There are many platforms that are here for cryptocurrency owners to mix their coins.

However, a crypto holder should pay attention while choosing a crypto mixer. Which service can be trusted? How can a crypto holder be sure that a mixing platform will not take all the deposited coins? This article is here to answer these questions and help every crypto owner to make the right decision.

Bitcoin Mixers

Let’s first find out which options need to be considered to ensure that a sender trusts their money to a trustworthy service:

• 1) there is usually a fee which is usually insignificant (approx. 1-3%).
• 2) no logs are kept. This implies that no information about your online actions is gathered. This option is immensely significant.
• 3) several output addresses can be added which help to diversify risks and forward mixed coins to multiple destinations. These addresses are used as a final destination for the sent coins.
• 4) types of cryptocurrencies involved. There are scramblers that enable to mix some other coins 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 participation in the transaction and it protects your digital money in case of scams. Most of the time it looks like a text file digitally signed using PGP mechanism. The specified features are critical to decide which cryptocurrency mixing service to use. There are some more aspects that also need to be pointed out and all of them are included into the below table of the leading mixing services.

The digital currency mixers presented above are among the leading existing mixers that were chosen by clients and are highly recommended. Let’s look closely at the listed coin tumblers and explain all aspects on which attention should be focused.

Surely all crypto mixing services from the table support no-logs and no-registration policy, these are critical aspects that should not be neglected. Most of the mixers are used to mix only Bitcoins as the most common digital money. Although there is a couple of coin scramblers that mix other cryptocurrencies, such as Ethereum, Bitcoin Cash and Litecoin. Additional currencies give a sender more options, some mixing services also allow to blend coins between the currencies which makes transactions far less traceable.

There is one option that is not displayed in the above table and it is time-delay. This option helps a user and a transaction itself to remain anonymous, as there is a gap between the sent coins and the outcoming transaction. In most cases, users can set the time of delay on their own and it can be a couple of days or even hours and minutes. For better understanding of crypto tumblers, it is essential to consider each of them separately.

Blender has a straightforward interface, it is convenient to use and straightforward. Time-delay option can be set up to 24 hours. With regard to the fee, there is an additional 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 new 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 tumbler is remarkable for accommodating extremely large-volume transactions. After public verification of their reserve of 2000 BTC it is without a doubt that users can trust this mixing platform and their cryprocurrencies will not be stolen. The number of required confirmations differs depending on the number of deposited coins, e.g. for sending less that 25 BTC there is only 1 confirmation needed, in case of depositing more than 1000 BTC a user needs to gather 5 confirmations.

To use this crypto mixer, a CryptoMixer code needs to be created. A user should write it down, so it is easy to use it next time. After providing a CryptoMixer code, users need to enter the output address or several of them and then set a time-delay option. A delay time is defined automatically and a user can adjust it if needed. A service fee can be also chosen from the table depending on the deposited sum. 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 got back after mixing.

Based on the experience of many users on the Internet, PrivCoin is one of the top Bitcoin mixers that has ever appeared. This mixer supports not only the most popular cryptocurrency, but also other aforementioned cryptocurrencies. Exactly this mixing service allows a user to exchange 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 less traceable, as it can be set up to 24 hours. There is a transaction fee of 0.0005 for each additional address.

One completely extraordinary crypto tumbler is ChipMixer because it is based on the totally another rule comparing to other tumblers. A user does not merely deposit coins to mix, but creates 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 added to the wallet, a wallet holder can send coins to process. As the chips are sent to the mixing service beforehand, 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 affordable. Retention period is 7 days and every user has an opportunity to manually clear all logs prior to this period. Another coin scrambler Mixtum offers you a so-called free trial period meaning that there are no service or transaction fee applied. The process of getting clean coins is also quite unusual, as the tumbler requires a request to be sent over Tor or Clearnet and renewed coins are gained from stock exchanges.

It should be pointed out that random sums are sent in two and more transactions to make them less identifiable.

Another reliable mixing platform is BitMix which supports two cryptocurrencies with Ethereum to be added soon. The mixing process is relatively standard and similar to the processes on other platforms. There is a possibility to choose a time-delay feature up to 72 hours and a sender has an opportunity to split the transaction, so the funds are sent to multiple addresses. Thus, sender’s money are more secured and untraceable.

Two cryptocurrencies are also supported on SmartMix.io scrambler. This tumbler is listed because it works fast and it is trusty. The transaction fee is really small, only the amount of 0.0001 BTC needs to be sent for every extra address. Splitting deposited coins between 5 addresses is also very beneficial for keeping user’s anonymity. Every user is able to select an additional option of delaying the payment meaning that the transaction is becoming even more anonymous.

Let’s take a look at another one of the top bitcoin tumblers which is incredibly easy to operate. Bitcoin Laundry (Bitcoin Laundry) has a simple interface and it is worth mentioning that the service fee is the smallest 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 saved 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 mixing platform only.

Being one of the oldest mixing services, BitBlender (BitBlender) remains a easy-to-use 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 itself can be performed 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 mixing service reduces the fee by half. Using a time-delay feature the transaction can be delayed up to 24 hours. A Bitcoin owner should be afraid of security problems as there is a 2-factor authentication when a sender becomes an owner of a PGP key with password. However, this service does not have 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 a number of cryptocurrencies to mix named SmartMixer (SmartMixer). At the moment, there are three currencies and Ethereum is going to be added in future. This tumbler offers a very easy-to-use user-interface, as well as the possibility to control 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 tumbler gives 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 different resources helps the crypto tumbler to maintain user’s identity undetected. This last mixer does not offer its users a Letter of Guarantee.

All cryptocurrency scramblers presented in the article are reported to be trusty having all transactions nameless. It is important to choose a crypto tumbler wisely, as a sender has no chance to turn to any authority in case of scams. Of course, handling your deposits online can be unsafe, however, using mixing platforms that are listed in the article will help every user to minimize risks and be sure of success of the transaction.