Bitcoin Mixer is a tool designed to increase the anonymity of bitcoin transactions. It works according to a simple scheme: when the sender of the payment deposits his funds into the pool, the mixer mixes the bitcoins and then transfers them to the recipients’ addresses in accordance with the amounts sent.
Anonymity vs. Transparency: The Dilemma Faced by Bitcoin Mixers
One of these mixers offers users the following scheme of operation:
Step 1: Enter the desired Bitcoin address or addresses to which you want to receive the mixed coins. You can also set a delay for the transaction to further increase the level of anonymity. The longer the delay, the higher the degree of anonymity.
Step 2: Send the bitcoins you want to mix to the address generated by the mixer.
Step 3: As soon as your deposit receives the first confirmation, the mixer will start mixing your bitcoins and send them to the addresses specified in the first step.
You are probably asking why Bitcoin is not a completely anonymous currency. Unfortunately, this is indeed the case. Bitcoin is known as a pseudo-anonymous cryptocurrency. Although it does not disclose personal information directly, every transaction leaves traces. If these traces are linked to your identity, then all your previous transactions and actions on the bitcoin network can be traced.
Assessing the Legality of Bitcoin Mixing Services Around the World
All transaction records, or “traces”, are available on the public Bitcoin blockchain. Therefore, anyone who receives your bitcoins can study the history of your transactions and even track your cryptocurrency balance.
That’s where Bitcoin mixers come to the rescue.
Bitcoin mixers are a method of anonymous transactions created to protect the privacy of users when working with bitcoins. They are based on conducting multiparty transactions of “mixing bitcoins”, which confuse the traces of ownership of coins. Since several transactions are carried out simultaneously, bitcoin mixers effectively hide the connection between the sender and the recipient.
If bitcoin mixer was not used, every single transaction in such a situation would be recorded in a common blockchain. But using a mixer documents only one combined transaction. Thus, the ledger will indicate that bitcoins were sent from addresses A, C and E to addresses B, D and F, which complicates the identification of the true sender and recipient for the observer.
The technology of bitcoin mixers is based on the already existing principles of operation of the cryptocurrency itself. They help users to increase the privacy and anonymity of their operations.
However, you may have questions about the security of using a Bitcoin mixer. Let me assure you that using it is absolutely safe. However, as in any aspect related to cryptocurrency, the decision on the need to use a mixer should be made taking into account your specific situation. Before using the service, it is recommended to conduct a thorough check and study the terms of service. It is also recommended to mix smaller amounts at the same time, rather than large amounts of coins.
Choosing a Bitcoin mixer has several advantages:
- Fast transactions: Our service provides prompt mixing, allowing you to get mixed bitcoins in just a few minutes after receiving the first confirmation of your deposit. If you want to increase privacy, you can choose to delay the processing of your request.
- Safety above all: We attach the highest importance to the safety of our users. To ensure the maximum level of protection, our servers and applications are protected by a special team of IT experts. In addition, we never request or register users’ personal data, such as names, email addresses or IP addresses. We also delete all transaction data at the end of each operation.