Going with its name, bitcoin mixer takes all your bitcoin and mixes them with other users’ bitcoin in a pool. This makes it the pool difficult for anyone to trace the transactions. The mixers then send the designated amount to the person on the other side of the transaction with a minimum service fee.
This mixing happens in various ways with different mixers. In some mixers, you can add the number of hops; in others, you can specify the time spent on the transaction. More hops and more time give more security. It becomes extremely harder to monitor a single user’s bitcoin when other mixers use numerous pools to mix the cryptocurrency.
As mentioned earlier, there are both centralized and decentralized mixers. In the centralized ones, the details of the links between incoming and ongoing are private; they present privacy challenges because the mixer records the transactions. In the decentralized mixers, the protocol allows a large group of users to join together an amount of bitcoin and redistribute it.
Popular Bitcoin Mixing Services
If you wish to start using and exploring the bitcoin mixers, here are some of the popular bitcoin mixing services that are presently available:
- ChipMixer- It is one of the most trustworthy services. Furthermore, it doesn’t impose any service costs and allows you full control over the mixing process. Additionally, you may store your mixing sessions and resume where you left off. Using given chips, you place wagers using ChipMixer for the potential to win twice as much Bitcoin as you put in. It offers flexible transaction fees, low minimum limit, user-controlled time delays, and a positive reputation but doesn’t have a fixed logs policy.
- Unijoin- It is best for beginners and experts. There is no requirement for a VPN. It offers speedy payouts and addresses which are randomized. It uses a special mixing code that prevents you from receiving previously deposited coins.
- Anonymix- It has high anonymity, speed and capacity. It is one of the most popular ones in the services market. It has a user-controlled fund distribution mechanism. Some of the main features include no registration, zero logs of the transaction, and impressive time delays. But, lack of user control over the amount of fee paid.
- Bitcoin laundry- It is squeaky clean bitcoin and high anonymity. It is a lightweight mixer with competitive fees and a high degree of anonymity. It has a time delay of up to 24 hours. It supports 10 different payout addresses and manual deletion of logs permanently and instantly.
- Mixer money- It is the cleanest and has high anonymity. It is a reliable one that offers fast transactions from stealth pools. Mixer money has a zero-log policy meaning the logs for details are destroyed immediately after the transactions. It has high fees for mixing services. It allows extra payout addresses.
BlindMixer- It uses a special method called blind signatures, under which the transactions remain anonymous and centralized. It uses its coin selection algorithms and supports fast transactions. It also has a standalone application for Windows and Linux.