4 Best Bitcoin Tumbler (Mixer) Services
Bitcoin tumbling, also referred to as mixing or laundering, is the process of using a third-party service to break the connection between a Bitcoin sending address and the receiving address(es). So, stated quite simply: What is the best Bitcoin Tumbler? We made our own investigation and here is what our research showed on the 4 most popular Bitcoin tumbler services.
Is Bitcoin Tumbling Necessary?
You’re practically anonymous, the fees are extremely low, transactions get confirmed within just a few minutes, and you don’t need to trust any single person or corporation. That awesomeness, however, comes at a price. Namely, everyone with a copy of the full blockchain (which is freely available) can look into everyone’s transaction history, including yours. Based on this, and some external information, others can deduce the owner of an arbitrary Bitcoin address. You could send all your money to a new address and forget about the old one, but it’s a really thin cover; such an operation wouldn’t fool the potential person spying on you. A good example is illustrated in a recently leaked memo where the U.S. Army and the National Security Agency sought to track cryptocurrency users by analyzing transactions. And that’s where a Bitcoin tumbler service shows up to save the day.
But it’s not just the authorities that are on the lookout for illegal crypto transactions. There are also exchange platforms that are keen to observe transactions from specific sources such as gambling sites and darknet markets.
For instance, Coinbase states that it does not accept funds from gambling sites because of reasons best known to them. But a good and justifiable reason is that gambling sites are well known to be hubs for laundering money, where some of the proceeds are obtained from the dark web.
Bitcoin mixing helps you to disassociate any BTC you purchased from your identity. You send your coins to a Bitcoin mixing service; they take a small mixing fee, and after a random delay they send you an equivalent amount of other people’s bitcoins to your new address. In other words, coin mixing services take your cash and give you new cash to your secret identity so that it remains secret.
So, to avoid the inconveniences brought about by using funds from sources not regarded as “clean,” cryptocurrency tumbler services offer a solution.
4 Most Popular Bitcoin Mixing Services
There are different Bitcoin shufflers currently in use. And a user should take into consideration several factors before choosing one. First of all, the obvious factor is the type of coin you are using and the source of funds.
When the funds are clean, then there is no point in mixing up the Bitcoin since suspicions are not likely to be raised.
But, if you are a darknet market user who operates using specific sites, you should find out if the market you are using has a built-in tumbling service. You can also check if the site recommends any outside coin mixing services. If not, then it’s up to you to research in order to stay safe in the future.
We performed our own research using Google, Bitcointalk, Reddit, and other communities this bitcoin mixer review we have tried to cover the most popular services.
MyCoinChain has a Bitcoin reserve of its own, consider it a chain of Bitcoins, when you send your BTC to MyCoinChain.com it sends your coins to the end of the chain and sends you fresh, new, unlinked coins from the beginning of the chain.
Hence there’s no link between the coins going in, and the coins coming out. Hence the public ledger would only be able to track the coins going from your wallet to the address of MyCoinChain but no further.
MyCoinChain.com doesn’t require you to signup, register, or provide any kind of detail except the “receiving address”! That’s the only thing it needs, there can’t be a better form of anonymity if you ask me.
Since you provide no personal details, there’s no way your identity can be compromised. Nor can it be linked back to you, since MyCoinChain.com doesn’t know who you are.
MyCoinChain.com is one of the most accommodating tumblers in this sense as well, most other tumblers offer 1–4% fees, MyCoinChain.com has a flat rate of 2% exchanging fee. Deposits and withdrawal services on their platform.
With MyCoinChain.com you will get:
After your order is invalid, MyCoinChain.com will remove any information about your transactions. Absolutely no logs or personality identifying information is kept regarding your use of the MyCoinChain.com service.
Money is instantly transferred to your address after your transaction is confirmed.
MyCoinChain.com pays users when they refer others to the platform. They’ll pay for every transaction made by an invited user.
BitMix.Biz is one of those mixing services that keep your crypto safe. The platform will take your bitcoin, mix it with other deposits, and give you the same amount of bitcoin in return. It’s designed to reduce bitcoin tracking, “clean” your coins, and help ensure anonymity on the transparent bitcoin network.
A bitcoin mixer service like BitMix.Biz will take your bitcoin, then give you different bitcoin in return. The platform collects everyone’s bitcoin deposits, mixes them up into one central account, and then returns the bitcoins to users. You get the same amount of bitcoin (minus a fee), but different bitcoin from different parts of the blockchain.
With BitMix.Biz, you get a letter of guarantee. That letter of guarantee is proof of BitMix.Biz’s obligations. When they give you their bitcoin address, they’ll provide a digitally-signed confirmation that this address has genuinely been generated by the server. That letter is always signed from the BitMix.Biz main bitcoin account (that account is publicly available on BitMix.Biz).
The platform charges a mining fee of 0.4 to 4%. You can set the fee manually when you’re mixing your bitcoins. The address fee is 0.0005 BTC per output address to cover any transaction fees charged by miners.
BitMix.Biz’s mixing process takes up to 24 hours, although it’s usually “almost instant” depending on the current service load.
You’re required to mix a minimum of 0.007 BTC and a maximum of 1000 BTC. Transactions outside this range will not be accepted.
MixTum.io is a Bitcoin mixing service that provides privacy by using the ‘Bitcoin Mixer 2.0’ algorithm to shuffle bitcoins. Unlike other similar tumbling services that mix your coins with the coins of other users, this platform mixes your crypto with the crypto bought by them directly from the cryptocurrency stock exchanges.
MixTum.io verifies the newly purchased coins with a scoring system with the help of innovative algorithms and outfoxes such technologies as blockchain volume analysis, cluster analysis, taint analysis, etc.
It means that you will receive your BTC back split into random parts, and even at the different addresses if needed. Consequently, your privacy is protected as there is no connection to you. And it takes up to 6 hours to complete your request.
Another privacy feature of this mixer service is that it does not require registration and it does not store logs. All the transactions are digitally signed with letters of guarantee that you can check on the website at any moment. They also provide 24/7 technical support.
MixTum.io will charge you a 5% Fee from your transaction as well as a network fee of 0.00015 BTC.
The platform provides two versions — for Clearnet and Tor browsers.
5% transaction fee + 0.00015 BTC network fee.· different mixing approach
· no logs are collected
· no registration is required
· multiple withdrawal addresses (optional)
· digitally signed letters of guarantee
· 24/7 tech support
CryptoMixer is another simple yet trustworthy Bitcoin Tumbler service. And one of the primary differences it has compared to the other platforms on this list is that it can accommodate really “large volume transactions”.
There is no maximum transaction limit as such, considering how their reserve is really huge and you’ll need to be a millionaire before you can run them out of funds. If any limit is breached, you are notified before you make the payment.
The minimum transaction 0.001BTC, any amount lower than this is is considered a donation, like in the case of PriveCoin, and isn’t sent back to the customer.
The minimum fee is 0.5%, with an additional 0.0005BTC for every deposited transaction.
· No Minimum/maximum transaction
· High security and privacy
You can set a custom fee for added anonymity and they also provide a letter or guarantee like all the mentionable Bitcoin Tumblers out there.
Any Bitcoin Tumbler works anonymously and effectively. 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. Just remember that it is hardly possible to find a free bitcoin tumbler as all of them would charge you a small fee between 0.05–4%.