DEV Community

Cover image for Anonymity of Bitcoin by mixing
tolka81
tolka81

Posted on

Anonymity of Bitcoin by mixing

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:

  1. UltraMixer
  2. CoinMixer
  3. BitMixer
  4. ChipMixer

Alt Text
UltraMixer
UltraMixer using the mixing of multiple Bitcoin addresses. Our system works quickly 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: 0.01 BTC
  • Fees: 0.5% 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

Alt Text
CoinMixer
Coinmixer is one of the best bitcoin mixers on both the clearnet and the dark web. Having multiple privacy features from random delays to optional multiple output addresses. They offer a signed letter of guarantee with every transaction, that may be used for tax purposes, or proof of receipt in the event your bitcoins are lost or stolen.

  • Minimum Transaction: 0.001 BTC
  • Fees: 1-3% and 0.00025 BTC per output address
  • Log Policy: No logs are collected
  • Time Delay: Yes, User Controlled
  • Letter of Guarantee: Yes
  • Tor mirror

Alt Text
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.

  • Minimum Transaction: 0.01 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

Alt Text
ChipMixer
Many people compare mixing services like ChipMixer to banking services in countries like Panama, the Cayman Islands, and the Bahamas. Every day, people move their fiat currencies through banks in these countries because they have stricter secrecy laws. ChipMixer works in a similar way.

  • Minimum Transaction: 0.001 BTC
  • Fees: There’s no fee; it’s a donation only service
  • Log Policy: for 7 days
  • Time Delay: Yes, User Controlled
  • Letter of Guarantee: No
  • Tor mirror

Top comments (0)