Eth-mixer review. Cryptocurrency tumbler
Since cybercash is gaining momentum across the globe, bitcoin holders have become more conscious about the confidentiality of their transactions. Everyone used to believe that a sender can remain incognito while forwarding their coins and it turned out that it is not true. On account of the implementation of government policies, the transactions are traceable which means that a sender’s e-mail and even identity can be disclosed. But don’t be frightened, there is an answer to such governmental measures and it is a Bitcoin tumbler.
To make it clear, a cryptocurrency mixing service is a software program that breaks up a transaction, so there is an easy way to blend different parts of it with other coins. After all a sender gets back the same number of coins, but mixed up in a non-identical set. Consequently, it is impossible to track the transaction back to a sender, so one can stay calm that personal identification information is not uncovered.
As maybe some of you realize, every cryptocurrency transaction, and Bitcoin is no different, is imprinted in the blockchain and it leaves marks. These marks play an important role for the government to trace back outlawed transactions, such as purchasing 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 available crypto mixers and secure sender’s personal identity. Many crypto owners do not want to inform everyone how much they earn or how they use up their money.
There is a belief among some internet surfers that using a mixing service is an criminal action itself. It is not completely correct. As outlined above, there is a possibility of cryptocurrency blending to become illegal, if it is used to hide user’s criminal activity, otherwise, there is no need to be concerned. There are many services that are here for cryptocurrency owners to blend their coins.
Nevertheless, a digital currency owner should be careful while choosing a crypto mixer. Which platform can be trusted? How can one be sure that a scrambler will not steal all the sent coins? This article is here to reply to these concerns and assist every bitcoin holder to make the right choice.
Ripple mixer
Let’s first find out which options need to be looked at to ensure that a platform user trusts their coins to a trustworthy platform:
- 1) there is usually a fee which is typically negligible (approx. 1-3%).
- 2) no logs are kept. This implies that no record about your online actions is collected. This option is immensely important.
- 3) several outgoing addresses can be added which help to diversify risks and forward cleaned coins to multiple destinations. These addresses are used as a final destination for the sent coins.
- 4) types of digital coins involved. There are tumblers that allow to mix some other types of digital money except Bitcoin.
- 5) such services 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 technology. The defined features are critical to decide which cryptocurrency mixer to use. There are some more features that also need to be noticed and all of them are included into the below table of the best mixing services.
The cryptocurrency mixing services presented above are among the leading existing mixers that were chosen by users and are highly recommended. Let’s take a closer look at the listed crypto mixers 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 essential options that should not be disregarded. 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 cryptocurrencies, such as Ethereum, Bitcoin Cash and Litecoin. Additional currencies give a sender more opportunities, some tumblers 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 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 review 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 mixer provides a user with a special mixing code which assures that fresh crypto coins are not mixed with preceding deposits. Additional URL (Blender) is also here to make certain that users can get to the mixing service, even if the main link is not working.
As well as others, CryptoMixer has both a clear-web (CryptoMixer). This mixing platfrom is noteworthy 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 taken. The number of needed confirmations differs depending on the number of deposited coins, e.g. for sending less that 25 BTC there is only 1 confirmation required, 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 invented. A user should note it, so it is possible to use it next time. After providing 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 needed. A service fee can be also selected from the table depending on the forwarded sum. Each transaction requires extra fee of 0.0005 BTC. Also, a calculator on the main page helps every user to understand the number of coins sent and received after mixing.
Based on the experience of many users on the Internet, PrivCoin is one of the top Bitcoin tumblers that has ever appeared. This tumbler supports not only Bitcoins, but also other aforementioned cryptocurrencies. Exactly this platform allows a user to swap the coins, in other words to send one type of coins and get them back in another type of coins. This process even increases user’s anonymity. 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 extra address.
One totally extraordinary crypto tumbler is ChipMixer because it is based on the absolutely another rule comparing to other tumblers. A user does not just 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 included in the wallet, a wallet owner can deposit coins to process. As the chips are sent to the mixing platform in advance, next transactions are nowhere to be found and there is no opportunity to connect them with the wallet holder. There is no standard fee for transactions on this platform: it uses “Pay what you like” feature. It means that the fee is randomized making transactions even more unidentified and the service itself more affordable. Retention period is 7 days and each sender has a chance to manually cleanse all logs before the end of this period. Another mixing service Mixtum offers you a so-called free trial period what means that there are no service or transaction fee charged. The process of getting renewed coins is also quite unique, as the mixer requires a request to be sent over Tor or Clearnet and clean coins are acquired from stock exchanges.
There are 3 phases of this mixing process that include:
- 1. pre-mixing coins and then mixing them with other coins;
- 2. sending coins to stock exchanges where they are blended 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 scrambler is BitMix which supports two cryptocurrencies with Ethereum to be added in future. The mixing process is relatively typical and similar to the processes on other mixing services. It is possible to choose a time-delay option up to 72 hours and a sender has an opportunity to divide the transaction, so the coins are sent to several addresses. Thus, sender’s money are more protected and undetectable.
Two cryptocurrencies are also supported on SmartMix.io scrambler. This tumbler is listed because it works quickly and it is trusty. The transaction fee is quite low, only the amount of 0.0001 BTC needs to be added for each additional address. Splitting deposited coins between 5 addresses is also extremely helpful 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 top bitcoin mixing services which is extremely easy to use. Bitcoin Laundry (Bitcoin Laundry) has a straightforward interface and it should be noted 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 possible for a user to manually delete all the logs which are stored for this period because of any future transaction-related problems. There is a time-delay feature, however, it is not possible to be controlled by a user but the mixing service only.
Being one of the earliest crypto coin tumblers, BitBlender (BitBlender) continues to be a simple and usable crypto coin tumbler. It is possible to have two accounts, with and without registration. The difference is that the one without registration is less manageable by a user.
The mixing process is realizable 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 owner should worry security leak as there is a 2-factor authentication when a sender becomes a holder of a PGP key with password. However, this mixer does not offer a Letter of Guarantee which makes it challenging to address this coin mixer in case of scams.
And last but not least, there is a crypto coin tumbler with a number of cryptocurrencies to tumbler named SmartMixer (SmartMixer). For now, there are three currencies and Ethereum is going to be added soon. This tumbler offers a very friendly user-interface, as well as the possibility to have control over all phases of the mixing process. A user can select a delay not just by hours, but by the minute which is very helpful. The tumbler 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 various resources helps the crypto mixer to keep user’s identity undetected. This last tumbler does not offer its users a Letter of Guarantee.
All cryptocurrency scramblers introduced in the article are reported to be trusty having all transactions unidentified. It is important to choose a crypto tumbler wisely, as a sender has no chance to turn to any governmental structure in case of scams. By all means, processing your deposits online can be risky, 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.
How to pick the best crypto mixer ever