Bitcoin Mixing, clarified!

21.09.2020

We’ve already said here, that the blockchain info is public by design. It means that everyone, including complete strangers, can see all of the transactions. You don’t even need to have anything in common with crypto! Online services will show you all the data right away. Some people consider this as a problem, so they came with a solution, named “crypto mixer” or “crypto tumbler”. Let’s have a look at it.

What is Bitcoin Mixer?

The tumbler mixes cryptocurrency coming from different sources in one single wallet, effectively terminating the tracking possibilities. The customer simply sends some amount of crypto to the tumbling service from their wallet. Then they ask the mixer to send their money back BUT to a different, usually freshly created address. This way the customer has a wallet with the same amount of money (all right, almost the same since mixing service takes a few %, obviously) but without trackable history. All you can see is that they received money from an address that processes thousands of transactions daily, without any info who sent what.

Why people tumble Bitcoin?

Tracking transactions can be an irritating inconvenience. Let’s say that you want to buy new PS5 and you don’t want your girlfriend/wife to know about it before it arrives. If you just buy it and send money to the shop, she can notice that! That’s why you create a new wallet, send money to the mixing service and tell them to put that amount into your freshly set wallet. If you don’t tell anyone, nobody will know which wallet belongs to who! That’s how you make sure nobody’s aware where you spend your BTC until the package arrives and gf can’t do anything about that.

Is tumbling Bitcoin necessary?

No, of course it’s not. You can use your wallet as much as you want and you’re not required to use any mixing service. You always have to pay for their job and, sometimes, you might be seen as dishonest.

Which Bitcoin Mixer is the best?

There isn’t any simple answer to that. You need to check offers and choose the one that suits you the best. The most important factors you need to take into consideration are:

• Cost of mixing
• The time it takes to get your money back
• Security (look for positive reviews)
• The volume of mixing (if you’re the only one using a particular mixer, it makes no sense since there will be a singe transfer in and a single transfer out)

Should you mix Bitcoin?

Obviously, the decision is up to you – the crypto industry is all about freedom.

We’ll be always trying to discourage you to do it though. Our mission is to make crypto available for everyone. To make it happen, we need to get rid of bad opinions about cryptocurrencies. The mixing services are often seen as shady, a way to break the law undetected. That’s why many IT engineers developed algorithms effectively tracking transactions going through mixers.

We believe that those services should disappear. However, as we said before, it’s all up to you.