If you are here to learn about what a Bitcoin mixer is, brace yourself! It is also known as a tumbler, scrambler or a shuffler. These are some words that people use to prevent others finding out the source of the trade of their coins. This service is very handy when it comes to using bitcoins. Since anonymity is what Bitcoin ensures, it is always using a public domain to make all the transactions. It is also quite easy to track a person using their bitcoin address and any online identity in link to that person.
A lot of people question its legality because it forms a nice secure hub for people who want to be away from the eyes of the law such as hackers or criminals would need to be anonymous when using Bitcoin, or other cryptocurrency. But there are many ways for which people use it. Some want to transfer huge sums of money and they want to do it privately maybe simply because of the need for privacy, so we do not deal with it publicly. Many of us do not want to exhibit our bank records because we don’t think it is anyone else’s concern. Whatever the purpose is, privacy to personal content is a very human right. This is achieved through using cryptocurrency in dealings. Anonymity is preferred by many and there is nothing wrong with it. Keep reading below to find out more about bitcoin tumbler.
Making use of bitcoins is an amazing way to trade while being anonymous about it. You can also make donations and P2P payments without having to lose money because of accentuated business fee structure. But these BTC transactions are not inherently anonymous in nature; everything is documented and is available via blockchain which is an extensive database where all the record is kept. This allows you to pay for all the things you purchase and for this you will have to give out your name and address etc so you can have those items delivered to you. This means that whoever the third party is, they can mark out your transactions and come up with ID information.
Now this is the part where Bitcoin mixer will help you. Using this you can carry forward a simple mechanism where you can break down your coins into various parts and then mix those with other broken parts which are from other users. Tumblers were used to make everyones funds come together especially if you intend on making the trail come from an original source. In a conventional financial system, its similar aspect would be making the funds move through banks which are located in countries which have strict bank-secrecy laws like the the Bahamas and Panama.
Mixing the coins properly might seem like a very difficult task but it is is not very hard especially for those who are not used to cryptocurrency, but it is relatively a simpler process which takes less than a minute to make any form of transaction. All in all, it should not consume more than about fifteen minutes and is worth exploring in terms of privacy. This way you will never lose out on coins.
How Does a Bitcoin Mixer Work?
If you are wondering how a Bitcoin mixer works, it consists of handling third party services to take away the bond between a wallet address making transactions. Therefore if the user does not want to reveal a lot, they can choose to let it go. Anyone who offers this service is called a Bitcoin tumbler. This activity will give you lots of certainty and a good amount of privacy and so by mixing the coins you can easily specify the other details. So when you are taking the blockchain into consideration, you can see that all your coins would be sent to a wallet. And every time someone gives those away, there will be no link between your wallet address and the address on which you want your crypto to be sent.
There are many different types of tumblers which show up when trying to resolve the drawbacks of the prototype of tumbling. Such services act as a hub for all the Bitcoin users, rather than using the coins for mixing. In this the users arrange the mixing on their own. Because of the absence of a middleman in this, it ensures no stealing. Similarly, there are many platforms like Shared Coin which let the users collect information to exchange bitcoin effectively. After it is done, the transition begins which lets the ongoing procedure run smoothly. This process can go on a lot of times without the various users having to bring any alteration to the process. But you have to keep in mind that if you send bitcoins through an unreliable mixing service, you will not be able to hold onto to your coins. All these services are either by some scammer in which you will lose out on your hard earned coins. This is why you should do your homework before venturing into this.
If you want to know how to use bitcoin anonymously, keep reading below. Everyone has their own reason to mix the coins but people who use Dark net are mostly the users. There are new features being innovated constantly in order to get the publicity for private and government bodies. This is being done to keep a check on the coins and thus track those who use them for multiple purposes. It may seem like unnecessary work right now but it is for the most part, very handy when it comes to tracking all the BTC transactions that have been made. Also to see how it ends up, you need to see how the connection breaks and how the destination is arrived by mixing them in a precautionary manner.
If you want to learn how to use Bitcoin tumbler, keep reading below. You will need bitcoins, Tor browser, an anonymous bitcoin wallet, and you are all set to go! Firstly you will need to create a bitcoin wallet using any service available. Then you need to purchase some coins for putting them in the wallet. Then you need to make another wallet which will be the anonymous bitcoin wallet. Then transfer the money from the first wallet to this one. Then make another wallet using the Tor network. Using this one you can finally make transactions. You should make sure to make use of different addresses and have random delays so no one is able to pin point you down to your identity or location. This you can ensure by using the right .onion links.
There are many reliable mixing services available out there through which you can create an anonymous bitcoin wallet after learning how to use bitcoin anonymously. Some of them are Anonymix. This one provides you with a quick mix and there is no registration required. You can delete stuff from their database which means it ensures anonymity. Then there is Bitcoin Laundry which does not cost much and has a very user-friendly interface with multiple addresses. It is also super secure and anonymous. Then you can also use CryptoMixer which has high security and privacy along with no minimum/maximum transaction limits.
To conclude, you Bitcoin is truly an amazing opportunity which holds a lot of potential as a platform where anonymity and success if guaranteed. Also, you can freely see what kind of flaws it has because there are so many reviews on it and most of them are being addressed. So this is a good thing and you can easily build it on from here. These services are gaining popularity recently but this does not mean that you do everything and put all your trust in. You must do you research before investing coins or money into anything.