Anonymity of Bitcoin
If you think Bitcoin is an anonymous cryptocurrency… you are totally wrong. Despite the high level of anonymity of Bitcoin, you should understand that thanks to the blockchain technology, the use of crypto currency is also fairly transparent. Knowing where you expect the payment, or from which address you make it, outsiders can easily track the movement of your funds.
Many e-currency exchange points and crypto-exchange exchanges often require the verification of your identity, which will ultimately make your personal data public in varying degrees. Some people using Bitcoin are looking to get a real privacy and this is where bitcoin mixing service websites are useful.
What is Bitcoin Mixing?
Bitcoin tumbling, also referred to as Bitcoin mixing or Bitcoin laundering, is the process of using a third party service to break the connection between a Bitcoin sending address and the receiving address(es).
In other words, coin mixing services take your cash and give you new cash to your secret identity so that it remains secret.
Conclusions
It’s important that they be trusted. There’s no authority or government you can complain to if they run off with your coins. So if you like privacy and also want to protect your cryptocurrency from government tracking or tracing, Bitcoin mixer services are a good option.
Let’s look at the best services of Bitcoin mixing:
Blender
Good platforms, especially for beginners or those who don’t have enough technical knowledge in Bitcoin mixing. Aside from the fact that the website and platform itself is very user-friendly, it also allows users to determine the amount of service fee they are willing to pay. However, the only problem with the platform is that it doesn’t have a native support system and requires users to send them an email when a problem with their transactions arise.
- Minimum Transaction: 0.001 BTC
- Fees: 0.5% - 2.5% and 0.0003 BTC per output address
- Log Policy: No logs are collected
- Time Delay: Yes, User Controlled
- Letter of Guarantee: Yes
- Tor mirror
BitMixer
One of the oldest and most reliable services. BitMixer offers a unique service with a high degree of confidentiality, which will ensure the anonymity of your payments. This service is designed to be as intuitive as possible. The whole process of bitcoin anonymization should not take more than a few minutes. They also have a welcoming minimum deposit limit making it easy for those who want to experiment with the service to start mixing.
- Minimum Transaction: 0.001 BTC
- Fees: 0.5% and 0.0005 BTC per output address
- Log Policy: No logs are collected
- Time Delay: Yes, User Controlled
- Letter of Guarantee: Yes
- Tor mirror
UltraMixer
UltraMixer offers a unique service with a high degree of confidentiality, which will ensure the anonymity of your payments, by using the mixing of multiple Bitcoin addresses. Our system works quickly, reliably and with a small commission – only after the transfer and receipt of funds to the final address. Of course, all of the data about your transaction will be irretrievably deleted.
- Minimum Transaction: 0.001 BTC
- Fees: 0.5% - 3% and 0.0002 BTC per output address
- Log Policy: No logs are collected
- Time Delay: Yes, User Controlled
- Letter of Guarantee: Yes
- Tor mirror: No
FoxMixer
Out of all the cryptocurrency mixing platforms out their, FoxMixer is one of the best there is. Aside from the fact that it performs the usual function of a Bitcoin mixer, it has other features that improve the Anonymity of their users in the Blockchain network. They even have the option to anonymized the IP address of the transaction originator and they also monitor the blockchain to prevent a transaction from gaining unnecessary attention. The only problem with FoxMixer is that it charges a fixed rate of 1% which is relatively higher than the flexible fees offered by other platforms.
- Minimum Transaction: 0.002 BTC
- Fees: 1% and 0.0007 BTC per output address
- Log Policy: No logs are collected
- Time Delay: Yes, User Controlled
- Letter of Guarantee: No
- Tor mirror
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