As crypto mixing are rapidly expanding around the world, owners are becoming increasingly interested in maintaining the confidentiality of their purchases. Previously, it was assumed that senders could hide their identity when sending coins, but in fact this turned out to be untrue. Due to government policy, transactions can be tracked by revealing the sender’s email address and even personal identifiers. But there is no need to worry, because there is an answer to such a policy – cryptocurrency mixing services.
A closer look at the history of crypto mixing
The cryptocurrency mixing service is a program that separates transactions and offers an easy way to mix several coins with others. As a result, the user gets back the same amount of coins, but mixed in different combinations. This approach makes it possible to be sure that the identity of the sender will not be disclosed, since transactions cannot be traced to the user.
As you know, all cryptocurrency transactions, including bitcoin, are recorded in the blockchain and leave traces. Such traces play an important role for Governments in combating illegal transactions, such as the purchase of weapons and drugs, as well as money laundering. And even if the sender is not involved in criminal activity and does not want his activities to be tracked, there are cryptographic keys that can ensure the anonymity of the sender. Many owners of digital currencies do not want everyone to know how much money they receive or how they spend it.
Common misconceptions about crypto mixing
Some Internet users mistakenly consider the use of mixing services illegal. This is a wrong opinion. As already mentioned, the use of such services can be illegal only in cases where they are used to conceal the criminal activity of the sender. In other cases, there is no reason to worry. There are many platforms that allow cryptocurrency owners to mix coins.
However, owners of digital currencies should be careful when choosing mixing services. Which ones can I trust? How to make sure that the platform does not steal all the digital funds invested in it? In this article, we will answer these questions and help bitcoin owners make the right choice. Let’s start by listing the functions that you need to pay attention to to ensure the safety of coins:
1) Insignificant commission (usually about 1-3%);
2) No logging of user activity;
3) The ability to share risks and send the cleared funds to different addresses;
4) Support for various types of cryptocurrency wallets, not just bitcoins;
5) Minimum number of confirmations;
6) Availability of a guarantee that will ensure the safety of coins in case of fraud.
Of course, all the described mixing services provide a non-recording policy and are reliable options according to customers. Let’s take a closer look at these services and discuss their key features.
The choice of a cryptocurrency mixing service should be based on the reliability and security of the master key. When using such a service, it is recommended to pay attention to the above functions, and we hope that our article will help you make the right choice.