Litecoin mixer
Since bitcoin is spinning up across the globe, digital money holders have become more conscious about the confidentiality of their transactions. Everyone used to believe that a sender can remain unidentified while forwarding their coins and it came to light that it is untrue. Owing to public administration controls, the transactions are which means that a user’s e-mail and even personal identification information can be revealed. But don’t be alarmed, there is an answer to such public administration controls and it is a Bitcoin mixing service.
To make it clear, a cryptocurrency mixing service is a software program that splits a transaction, so there is a straightforward way to mix several parts of it with other transactions used. 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 sender, so one can stay calm that personal identification information is not revealed.
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 authorities to track back outlawed transactions, such as buying guns, drugs or money laundering. While a sender is not connected with any unlawful activity and still wants to avoid being tracked, it is possible to use available cryptocurrency tumbling services and secure sender’s identity. Many crypto holders do not want to inform everyone the amount they earn or how they spend their money.
There is a belief among some internet users that using a scrambler is an criminal action itself. It is not entirely correct. As mentioned before, there is a possibility of coin mixing to become illegal, if it is used to hide user’s illegal actions, otherwise, there is no point to be concerned. There are many platforms that are here for bitcoin holders to blend their coins.
However, a digital currency owner should pay attention while choosing a crypto mixer. Which service can be trusted? How can a crypto holder be certain that a tumbler will not steal all the sent digital money? This article is here to reply to these questions and assist every crypto owner to make the right choice.
Ethereum Mixing. Tumbling Service
Let’s first find out which features need to be looked at to be certain that a sender trusts their digital money to a reliable service:
- 1) there is typically a fee which is normally negligible (approx. 1-3%).
- 2) no logs are kept. It means that no information about your online transactions is collected. This feature is extremely important.
- 3) several output addresses can be added which help to diversify risks and forward cleaned coins to different destinations. These addresses are used as a final destination for the deposited coins.
- 4) types of cryptocurrencies involved. There are tumblers that allow to mix some other coins 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 keeps safe your digital money in case of swindling. Most of the time it looks like a text file digitally signed using PGP mechanism. The specified options are critical to choose which crypto tumbler to use. There are some more aspects that also need to be noticed and all of them are added into the below table of the best mixing platforms.
The cryptocurrency mixing services presented above are among the top existing scramblers that were chosen by users and are highly recommended. Let’s look closely at the listed mixers and explain all aspects on which attention should be focused.
Surely all mixers from the table support no-logs and no-registration policy, these are critical features that should not be overlooked. Most of the mixing platforms are used to mix only Bitcoins as the most common digital money. Although there is a couple of crypto mixing platforms 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 mix 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 feature helps a user and a transaction itself to stay incognito, as there is a gap between the sent coins and the outcoming transaction. In most cases, users can set the time of delay by themselves and it can be several days or even hours and minutes. To get a better understanding of crypto tumblers, it is necessary to consider each of them independently.
Blender has a straightforward 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 cryptocurrency tumbler provides a user with a special mixing code which assures that fresh crypto coins are not blended with preceding deposits. Additional URL (Blender) is also here to make sure that senders can get to the scrambler, even if the main link is not available.
As well as others, CryptoMixer has both a clear-web (CryptoMixer). This mixer is notable for accommodating extremely large-volume transactions. After public verification of their reserve of 2000 BTC there is no doubt that users can trust this mixing service and their cryprocurrencies will not be taken. The number of needed 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 use this crypto tumbler, a CryptoMixer code needs to be created. A user should write it down, so it is possible to use it next time. After entering 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 determined automatically and a user can adjust it if necessary. A service fee can be also selected from the table depending on the forwarded amount. Every transaction requires extra 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 best Bitcoin tumblers that has ever appeared. This scrambler supports not only Bitcoins, but also other aforementioned cryptocurrencies. Exactly this mixing service allows a user to interchange the coins, in other words to send one currency and get them back in another type of coins. This process even increases user’s anonymity. Time-delay feature makes a transaction hardly traceable, as it can be set up to 24 hours. There is a transaction fee of 0.0005 for each extra address.
One totally unique crypto mixer is ChipMixer because it is based on the absolutely another idea comparing to other services. A user does not merely deposit coins to clean, but creates a wallet and funds it with chips from 0.01 BTC to 8.192 BTC which a user can break down according to their wishes. After chips are included in the wallet, a wallet holder can send coins to process. As the chips are sent to the mixing platform beforehand, next transactions are untraceable and it is not possible to connect them with the wallet holder. There is no standard fee for transactions on this mixing service: it uses “Pay what you like” feature. It means that the fee is applied in a random way making transactions even more anonymous 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 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 steps 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 combined with coins of other traders;
- 3. new coins are returned back to the initial user.
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 quite standard and identical with the processes on other tumblers. It is possible to set a time-delay feature up to 72 hours and a sender has an opportunity to divide the transaction, so the funds are sent to multiple addresses. Thus, sender’s funds are more protected and untraceable.
Two cryptocurrencies are also supported on SmartMix.io scrambler. This mixer is on the list because it works quickly 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 greatly 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 less traceable.
Let’s represent another one of the best bitcoin mixers which is extremely easy to operate. Bitcoin Laundry (Bitcoin Laundry) has a user-friendly interface and it should be noted 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 possible for a user to manually remove all the logs which are stored 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 service only.
Being one of the oldest crypto coin tumblers, BitBlender (BitBlender) continues to be a easy-to-use and functional mixing platform. 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 can be performed and the transaction fee is charged randomly from 1% to 3% which makes the transaction less traceable. Also, if a user sends more than 10 BTC in a week, the mixing service reduces the fee by half. With a time-delay feature the transaction can be delayed up to 24 hours. A Bitcoin sender 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 offer a Letter of Guarantee which makes it hard to turn to this coin scrambler in case of scams.
And last but not least, there is a mixing service with many cryptocurrencies to mix named SmartMixer (SmartMixer). At the moment, there are three currencies and Ethereum is going to be represented in future. This tumbler offers a very easy-to-use user-interface, as well as the opportunity to control all phases of the mixing process. A user can select a delay not just by hours, but by the minute which is incredibly useful. 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 different resources helps the crypto mixer to keep user’s identity incognito. This last mixing platform does not offer its users a Letter of Guarantee.
All cryptocurrency tumblers introduced in the article are reported to be reliable having all transactions unidentified. It is important to pick a mixing platform wisely, as a sender has no chance to address any governmental structure in case of scams. By all means, handling your deposits online can be risky, however, using mixing platforms that are introduced in the article will help every user to minimize risks and be sure of success of the transaction.