The advent of Bitcoin and other cryptocurrencies is certainly one of the biggest inventions of our generation. Unlike fiat or paper-based money, Bitcoin is unregulated, decentralized, and operates without the interference of third-party institutions. They’re not issued by the government or the central bank. Instead, Bitcoin miners control and the Bitcoin community at large controls the supply.
While many people believe that users can transfer funds from one address to the other discreetly, the reality is that Bitcoin is pseudonymous, meaning, the address associated with BTC can be traced. To remain completely anonymous so that your address cannot be traced, you need a service known as a Bitcoin mixer or tumbler.
In this article, we will go over the best 5 Bitcoin Mixers of our time. But before then, let’s quickly walk you through what Bitcoin Mixers are and how they work.
What Are Bitcoin Mixers?
In its simplest form, Bitcoin Mixers are external services that can obfuscate the data linking you to Bitcoin transfers. They are beneficial if you are looking to regain your privacy and maintain control of your funds. Bitcoin miners make it impossible for anyone to attempt to trace your Bitcoin transactions.
How Do They Work?
Their principle of operations is simple for the average crypto enthusiast to understand. Bitcoin miners are software that break down your assets into smaller fractions and then mix the fractions with other transactions to keep your privacy safe and within your terms. At the end of the mixing process, while the receiver will get different sets of coins, the value remains the same in Bitcoin. You will pay a small fee to enjoy this service, but the value is more than the money you’d pay as a fee.
Now, let’s take a look at the best 5 Bitcoin Mixers on the market.
1. UniJoin
Standing at number one is UniJoin, a service that helps Bitcoin users stay anonymous with their crypto transactions. UniJoin can help you regain and maintain your anonymity in a pool with other crypto users using the CoinJoin technology. The process works like this:
- You will create a new wallet where you will store your untraceable coins.
- Enter your wallet address to receive the new coins.
- Select a distribution and delay. The better the anonymization of your coins when you select randomly.
- The mixing process begins after two blockchain confirmations.
- The new coins will then be sent to your anonymous wallet address.
One of the major wins of using UniJoin is that the service doesn’t store your personal data or logs. Plus, it integrates with Tor Browser to further deepen your anonymity.
2. MixTum
MixTum is another great service you can leverage to maintain your anonymity as you get involved in Bitcoin transactions. It uses innovative algorithm to uplevel your bitcoin transaction privacy. You do not need any technical knowledge to use this service, as the interface is simple to understand and interact with.
3. ChipMixer
ChipMixer helps keep your user data safe from blockchain tracking software. ChipMixer works like a secret banking system using a number of pre-funded bitcoin wallets to help you transaction anonymously on the internet.
4. CryptoMixer
If you need a Bitcoin mixer for high-volume transactions, CryptoMixer has got you covered. CryptoMixer is built with suggestions from the BitcoinTalk community. There’s a guarantee for every transaction involving Bitcoin and other popular digital currencies. CryptoMixer also strives to create safe and untraceable transactions. When you mix Bitcoin using CryptoMixer, your information will remain hidden; plus, there’s a zero log policy.
CryptoMixer uses advanced encryption methods to protect your data so that third-party individuals cannot access your Bitcoin transactions. CryptoMixer has a cryptocurrency reserve of up to 2,000 BTC. This service charges a flat rate of 0.0005 BTC per transaction. So, if you are looking to mix Bitcoins to maintain your anonymity, look no further than CryptoMixer.
Bitcoin Mixer is a high-powered mixer that can help you protect your privacy while transacting in Bitcoins. It has a wide range of bitcoin pools for high-value and low-value transactions. At the end of the mix, you will receive new and untraceable coins. This Bitcoin Mixer can encrypt all transactions and locations and is TOR-friendly.
Bitcoin Mixer can help you regain and maintain your anonymity in a pool with other crypto users. The service charges between 1% and 5% per transaction. One great advantage of using Bitcoin Mixer is that your transaction record will be deleted 24 hours after completing the transaction.
Wrapping Up
If you have ever dreamt of transacting anonymously in Bitcoin and other cryptocurrencies, then consider using Bitcoin mixers. They are safe, inexpensive, and will help you maintain anonymity and privacy online.
Disclaimer: This is a paid post and should not be treated as news/advice.
Source: https://ambcrypto.com/bitcoin-mixer-obfuscates-the-data-linking-users-to-bitcoin-transfers/