- Sep 26, 2021
- 4
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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:
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. Best choice for today.
Minimum Transaction: 0.002 BTC
Fees: 1% and 0.0003 BTC per output address
Log Policy: No logs are collected
Time Delay: Yes, User Controlled
Letter of Guarantee: No
Tor mirror
Whir
Whir is Bitcoin mixer that’s based on CoinJoin. On Whir, users can choose to mix their coins with a delay or as soon as possible. The most that you can delay the mixing transaction by is a period of 2 days.
The Whir service charges a fixed 1% fee on the BTC you send through it. However, if you want even stronger privacy than the default setting, you’ll be charged more in fees (up to 3%). In addition to the platform fee, Bitcoin network transaction fees also apply.
Minimum Transaction: 0.01 BTC
Fees: 1% - 3%
Log Policy: No logs are collected
Time Delay: Yes, User Controlled
Letter of Guarantee: Yes
Tor mirror
Mixero
Mixero is a Bitcoin mixing service based on CoinJoin. Mixero also features an “advanced” mixing mode in which BTC is channeled into the private cryptocurrency Monero (XMR) and then back into BTC for additional privacy. However, the advanced mixing mode costs more in fees.
When using the Mixero service, users can choose to pay higher fees in order to have a higher priority fee and have their coins mixed faster. The default fee on Mixero is set at 2.7%.
Minimum Transaction: 0.002 BTC
Fees: 2.7% - 4.7% + 0.0003 BTC
Log Policy: No logs are collected
Time Delay: Yes, User Controlled
Letter of Guarantee: Yes
Tor mirror: No