Bitcoin Mixing Services Reviews
CoinMixer is a very popular and trusted Bitcoin Tumbling service in the Bitcoin community. The users can mix even very small amounts of coins because there is no minimum amount required. In this CoinMixer review, we’ll take a detailed walk-through through the mixer and explain how each process works.
CryptoMixer is super-easy to use. It features a smooth and minimalist design. The biggest benefit it brings forward is the ability to flexibly adjust the fees and delays on your transactions. In this CryptoMixer review, we’ll take a detailed walk-through through the mixer and explain how each process works.
UPD: Service is closed
ChipMixer has been around since 2017, and it has won popularity and trust in the Bitcoin community. The service has an actively managed thread on the Bitcointalk forum. In this ChipMixer review, we’ll take a detailed walk-through through the mixer and explain how each process works.
UPD: Service is closed
If you are looking for a safe & easy-in-use Bitcoin cleaner, BTCmixer is a great option. This is the only mixer we’ve seen with the lowest fee, which is only 0.1%. In this BTCmixer review, we’ll take a detailed walk-through through the mixer and explain how each process works, why you should use this service etc.
Why would you want to mix your coins?
Mixing Bitcoins (as well as other cryptocurrencies) has been gradually growing in popularity. Mixers enable you to hide your footprint across the blockchain, and you don’t have to be a criminal to want to do that. There’s a belief that Bitcoin is highly anonymous and thus it’s impossible to track transactions in the cryptocurrency. In fact, Bitcoin is not anonymous at all, but pseudonymous, which means the following: there’s a blockchain (which is a list of all transactions done in Bitcoin) and there are wallets which make transactions (send and receive Bitcoisn). If you don’t connect your wallet with your personal ID, nobody knows who actually owns the wallet. There are certain situations when you MUST connect the wallet and your ID. For example, you buy some crypto via an exchange with your ID tied to the wallet or you use a personally identifiable wallet.
Thus, it’s not only criminals who might want to mix their coins at a Bitcoin mixer. For instance, you want to make a purchase but you don’t want to associate your personal ID with the buy. You can easily use a mixer as an intermediary, enabling you to disconnect your wallet from the purchasing transaction. Another example is storing your wealth without other people knowing exactly how many Bitcoins you have or that you have these Bitcoins in the first place.
The mixing services (aka tumblers, laundries, cleaners) are the best tools to grab back your privacy and confidentiality.
How do Bitcoin tumblers work?
There’s no rocket science behind the cryptocurrency mixers. The overall business process they perform includes the 4 Stages:
- Receive crypto from a user.
- Use their own reserves to send out an output transaction to another wallet.
- Store the coins from a user in a reserve.
- Use small pieces of the received Bitcoins in order to build outgoing transactions for other users.
In this way, the Bitcoin tumblers enable users to send their “dirty” coins and receive payments, made up of small portions of the Bitcoins previously received from other users. Thus, no blockchain analysis can track user’s footprint across the blockchain.
What features to look for in a crypto mixer?
When comparing various mixers, you should first look into the reputation that a website has. If it has bad reviews, it’s probably best to avoid using it since it might be a scam, i.e. they’ll steal your money.
After you’ve found a reputable site, you should consider the functions that you might need. Here are some of the most important functionalities to look for in a mixer.
Delays for output transactions
Another great function to have is the delay for the output transactions, in which case the mixer receives the amount from you and then sends out amounts for other mixing operations, and only after a specified period of time your transaction is processed. Thus, your outgoing transactions get mixed together with other users’ transactions, making the blockchain analysis almost impossible to do.
If you need to process a lot of super-small payments, it’s important to find a mixer with a sufficiently small minimum limit.
Some of the best Bitcoin tumblers charge lower fees. For instance, 0.5%. But others might charge more while also featuring more convenient functions to win from.
Different grades of quality for mixing funds
In addition to these features, some of the best Bitcoin tumblers claim that they offer several different categories of mixing funds in terms of their cleanliness. They will charge you more if you want to receive absolutely clean funds and less if you just need to get the basic level of mixing quality. Though it may be very hard to verify whether this is true, we believe that some of these services might actually provide different grades of quality.
Why should I trust a Bitcoin blender with my money?
The best Bitcoin mixers usually have their reputation behind them. This makes them very unwilling to steal the funds from any specific user. Instead, they may continue processing lots of transactions on a daily basis, receiving a steady stream of fees from users.