Unfortunately, Bitcoin only allows partial anonymity and you can analyze the transactions on the blockchain and assign them if necessary. To guarantee privacy nevertheless, one can use so-called mixing services. Today we’ll take a look at top 3 Bitcoin mixing services. Bitcoin mixing service allows you to anonymize multiple cryptocurrencies such as Bitcoin, Litecoin and Bitcoin Cash.
What is a Bitcoin Mixer?
A Bitcoin mixer or Bitcoin tumbler as it’s usually described “mixes” your Bitcoins in a pond of random coins, and then transfers you a complete set of coins. That’s the purpose Bitcoin mixers are also described Bitcoin laundry services, they support you to cut the link between your original purchase/acquisition to the ultimate end where the coins are transferred. Here’s how they work You purchase Bitcoins from person A, transfer the Bitcoins to a Bitcoin mixer, the mixer combines your Bitcoins to its stock and transfers you a new set of Bitcoins from its stock which have no connection to your prior transactions.
Also, the new coins you get are generated by combining many various elements of other Bitcoins from many complex transactions together and hence not only the new set of coins can’t be connected to you, but they also can’t be connected to anyone or any transaction.
How to choose these Bitcoin Mixers?
There are many Bitcoin Mixing services in the crypto market but consider the following factors to select the best Bitcoin mixers.
- Level of anonymity
Consider many mixers are fraudulent. Always make your own research before you use a mixing service. They could work for years without any problem and suddenly exit.
MyCoinChain enables you to mix your Bitcoin through its reserve pools. When users deposit, it mixes it with coins from other MyCoinChain users. The haphazard mixing results in a ‘broken’ chain that assures the coins users collect are not connected to the deposit they sent in. The features that make MyCoinChain so unique every other mixer is its strick no KYC/AML policy and the ability to mix any crypto currency. Bitcoin, Ethereum, Litecoin, Monero and more!
2. Bitcoin Mixer (Bitcoin Mixer, Litecoin Mixer, Ethereum Mixer)
Bitcoin Mixer is a mixer service that allows the anonymization of Bitcoin, Ethereum, and Litecoin. For those services, the provider charges a random fee between 2% and 5%. The transaction speed depends, as always, on the transaction fee chosen by the user. Bitcoin Mixer is available in 16 languages and offers a time delay by the payout of the coins. The height of the possible time delay depends on the selected cryptocurrency.
The minimum amount for the mixing services is 0.02 BTC at Bitcoin, 0.5 ETH at Ethereum and 1 LTC at Litecoin. Every lower amount that gets sent to the Bitcoin Mixer address will be registered as a donation.
3. BMC Mixing
Onion Link: bmcmix4soyfddcvqone5nj6za3ezil3rlbdcndlzr6ajlvux4p4sdzyd.onion
The title “BMC Mixing” holds for “Bitcoin-> Monero-> Coin Mixing”. So there’s this extra characteristic which allows users to convert their coins first into XMR, and then into Bitcoins which moreover de-links the coins and improves anonymity. The smallest withdrawal limit is much affordable, implying just 0.00045 BTC. The least deposit limit currently is 0.0018 BTC.
Disclaimer: This information should not be interpreted as an endorsement of any cryptocurrency. It is not a recommendation to trade. The crypto market is full of surprises and overhyped assets. Do your research before buying anything. Do not invest more than you can afford to lose.
Top 3 Best Bitcoin Mixer Services was originally published in The Moon on Medium, where people are continuing the conversation by highlighting and responding to this story.