The invention of Bitcoin and cryptocurrencies in general is quite likely one of the most important events of our generation.
Unlike fiat currencies, Bitcoin is entirely decentralized and unregulated. Bitcoins are not issued by central banks or governments. Instead, their supply is controlled by the Bitcoin miners and the crypto community.
Before it exploded into popularity, Bitcoin was a popular medium of exchange used by individuals on internet forums and the deep web.
When transferring funds with fiat currency, a sender would need to disclose his/her personal information along with that of the recipient. Thus, making it impossible to remain anonymous.
Because Bitcoin is decentralized, it allows funds to be discreetly transferred from one address to another. All without having to reveal any personal information. This led to the belief that Bitcoin transactions are entirely anonymous and to its acceptance as a form of currency for individuals operating on the fringes of society.
This is more of a myth as Bitcoin is actually pseudonymous – meaning that while the identity of an individual is hidden, the address associated with Bitcoin transactions can still be traced. Hence why is it that Bitcoins are still so popular despite not being entirely anonymous.
The answer, ladies and gentlemen, lies with the function of Bitcoin Mixers and Bitcoin Tumblers.
What Exactly is a Bitcoin Mixer or Bitcoin Tumbler?
Imagine trying to piece together a jigsaw puzzle where all of the pieces are neatly arranged in a single container. Sound simple enough doesn’t it?
Now imagine putting together that same puzzle with the pieces of a hundred other different jigsaw puzzles – and somebody keeps emptying the container and adding new pieces in.
That is exactly how Bitcoin Mixers and Bitcoin Tumblers work. Transactions made using Bitcoin or any type of cryptocurrency are broken down into smaller pieces and scrambled together with other transactions. Hence making it nearly impossible to track and trace individual transactions – something which allows Bitcoin transactions to be truly invisible.
Credits: CreativeMarshall
Why Do You Need to Mix Your Coins?
It is sad to say that Bitcoin has become something of a victim of its own success. Given how cryptocurrencies have exploded in popularity, governments have begun taking a closer look into their proliferation.
As blockchain technology and cryptocurrency allow funds to be seamlessly transferred from anywhere around the world anonymously, tighter regulations are no surprise. Because of this, cryptocurrencies are no longer quite so anonymous anymore.
As was seen from the takedown of the Silk Road and other high-profile scandals, authorities around the world take a dim view of unregulated transactions.
While blockchain technology has the potential to change the world, this does not mean that cryptocurrencies are without their fair share of faults. It might be necessary to look into the future of cryptocurrency, as we mentioned before in a previous article.
The Legality of Bitcoin Mixers
There is indeed nothing illegal with making use of Bitcoin Mixers – however, you should be careful as to how your funds are being used.
If said funds have been used for illegal purposes i.e. money laundering, terrorism, etc, you would likely be charged with committing a crime.
Thus if you choose to use a Bitcoin mixer, always ensure that you’re not actually doing anything illegal.
Things That You Need to Take Into Consideration
Before you get started, always be sure to do your research and ensure that you use the services of a reputable Bitcoin Mixer or Tumbler. Also make sure to understand how cryptocurrency gains value by reading this article.
As you’d be required to transfer your Bitcoins to these sites, nothing could be worse than ending up falling victim to a scam.
Again, remember that the crypto industry is largely unregulated. If you lose your cryptos, you’ll likely have little to no legal recourse whatsoever.
To help you get started, let’s take a look at the 10 Best Trustworthy Bitcoin Tumbler and Mixer Services in 2022.
10 Best Trustworthy Bitcoin Tumbler and Mixer Services in 2023
1. Bitcoin Laundry
Minimum Deposit Requirement: Yes
Service Fees: No
Support for Multiple Addresses: Yes
Registration Required: No
Referral Program: No
Currency Supported: Bitcoin onlyBitcoin Laundry offers a good number of features and has a no logs policy. To get started, you’ll need to deposit a minimum of 0.0015 BTC with no transaction fees charged. As an added plus, Bitcoin Laundry supports multiple addresses with a maximum of 5.
You won’t have to register to use this service – which is great for those who prize their privacy. However, the site does not offer a referral program.
2. Mixtum
Minimum Deposit Requirement: Yes
Service Fees: Yes
Support for Multiple Addresses: Yes
Registration Required: No
Referral Program: No
Currency Supported: Bitcoin onlyMixtum has a deposit requirement of 0.001 BTC and supports a maximum of 2 different addresses.
Registration is not compulsory but there is a service charge of 4 – 5% on the amount being transferred. For those with a need for additional privacy, Mixtum also accepts Bitcoins with a no log policy.
3. CryptoMixer
Minimum Deposit Requirement: Yes
Service Fees: Yes
Support for Multiple Addresses: Yes
Registration Required: No
Referral Program: No
Currency Supported: Bitcoin onlyCryptoMixer only supports Bitcoin transactions and requires customers to deposit a minimum of 0.001 BTC.
Transaction fees range from 0.5 to 3% depending on the amount that is being transferred. This Bitcoin mixer supports multiple addresses and custom options (max of 10). Nonetheless, confirmation is required.
CryptoMixer does not have a referral program in place.
4. BitCloak
Minimum Deposit Requirement: Yes
Service Fees: Yes
Support for Multiple Addresses: Yes
Registration Required: No
Referral Program: No
Currency Supported: Bitcoin onlyAnother solid Bitcoin Tumbler option, BitCloak requires a minimum deposit of 0.01 BTC to be made but makes up for this with a lower transaction fee of 2% coupled with a 0.0004 BTC network fee.
Support for multiple addresses and customer options is provided with users required to provide confirmation for only 1 address.
While there is no referral program available, BitCloak does offer users with a letter of guarantee for their peace of mind.
5. BitMix
Minimum Deposit Requirement: Yes
Service Fees: Yes
Support for Multiple Addresses: Yes
Registration Required: No
Referral Program: Yes
Currency Supported: Bitcoin, Dash and LitecoinWhat marks BitMix out from the crowd is the fact that this crypto mixer is able to process transactions for Bitcoin and Litecoin. There is a minimum deposit requirement for both Bitcoin and Litecoin.
The site is able to support a maximum of 5 multiple addresses with confirmation required for all addresses.
No site registration is required and there is a referral program in place. Additionally, BitMix can provide clients with a letter of guarantee.
6. ChipMixer
Minimum Deposit Requirement: Yes
Service Fees: No
Support for Multiple Addresses: Yes
Registration Required: No
Referral Program: No
Currency Supported: BitcoinCompared to other Bitcoin tumblers, ChipMixer stands out from the crowd thanks to the additional anonymity offered.
Users are given the option to split and merge coins into different wallets to various addresses. Additionally, ChipMixer provides support for unlimited addresses and does not require user registration.
Although only Bitcoin is supported and there are no referral programs, ChipMixer does not charge users with any service fees. With the option to donate BTCs being made available.
7. BitcoinMix
Minimum Deposit Requirement: Yes
Service Fees: Yes
Support for Multiple Addresses: No
Registration Required: No
Referral Program: No
Currency Supported: Bitcoin and EthereumBitcoinMix is unique in the sense that it offers support for both Bitcoin and Ethereum. The site does not require registration and has a minimum deposit requirement of 0.2 BTC.
Transaction fees range from 2 – 5% depending on the amount that is being transferred. There is no referral program offer for BitcoinMix and multiple addresses are not supported. Finally, letters of guarantee are not provided.
8. PrivCoin
Minimum Deposit Requirement: Yes
Service Fees: Yes
Support for Multiple Addresses: Yes
Registration Required: Yes
Referral Program: Yes
Currency Supported: Bitcoin, Ethereum, Bitcoin Cash, and Litecoin Supporting multiple types of cryptocurrency, PrivCoin is one of the most flexible Bitcoin tumblers available today.
Besides requiring a minimum deposit, service fees are charged, and users are required to register to use this site.
Referral programs are also on offer along with support for multiple recipient addresses (max 10).
9. SmartMix
Minimum Deposit Requirement: Yes
Service Fees: Yes
Support for Multiple Addresses: Yes
Registration Required: No
Referral Program: Yes
Currency Supported: Bitcoin and Bitcoin CashSmartMix is a Bitcoin mixer that processes Bitcoin and Bitcoin Cash transactions. The site offers a referral program for new users and supports multiple recipient addresses.
Transaction fees start at 0.5% plus an extra 0.0001 BTC for each extra address added.
10. Bitmixer.io
Minimum Deposit Requirement: Yes
Service Fees: No
Support for Multiple Addresses: No
Registration Required: No
Referral Program: No
Currency Supported: Bitcoin onlyIn the past, Bitcoinmixer.io was one of the most popular Bitcoin mixers available in the cryptocurrency world.
The first of its kind, this bitcoin mixer was shut down temporarily before returning to limited service. Nowadays, Bitmixer.io is primarily used to facilitate anonymous individual transactions.
Final Thoughts
Bitcoin mixer and tumbler services provide crypto enthusiasts with a vital service. In a time where our privacy is increasingly under threat, it is more important than ever to ensure that our anonymity is protected at all costs.
To keep your anonymity don’t forget to invest in a text app that is fully encrypted and safe. That’s why Tezro app is the best option for you.