Many people believe that bitcoin provides complete anonymity and is a private means of transferring funds. However, if you have used centralized cryptocurrency exchanges or purchased BTC through an exchange, this is not the case. In this article, we present the best bitcoin blenders that will help anonymize your coins.
What is a Bitcoin blender or a Bitcoin mixer?
Bitcoin blender or Crypto mixing is a special service that hides data related to bitcoin transactions. Mixing bitcoins is especially useful for those who wish to ensure the complete confidentiality of their transactions, as this makes the funds untraceable. Even without using a blender, since all transactions are available on the blockchain, it is easy to establish a connection between your identity and the amount of bitcoins you possess.
Since many cryptocurrency exchanges and platforms require the provision of personal identity verification documents (KYC), bitcoin mixers and bitcoin blenders are becoming a necessity for traders. The use of such services allows users to preserve the key function of blockchain technology – privacy. It is known that government agencies, such as the NSA, track bitcoin users. However, even anyone with Internet access can track cryptocurrencies. Also, cryptocurrency exchanges monitor transactions from gambling sites and block funds, suggesting that they could have been obtained by money laundering.
How do Bitcoin Mixers work?
Bitcoin mixers are online services that break funds into small pieces and mix them with other transactions. This process, known as Bitcoin rounding, allows users to get an equal number of “pure” bitcoins. This makes it difficult to track coins and eliminates the connection between a specific coin and an individual user.
Some of the best Bitcoin blenders and mixers help break the link between individual users and BTC. Bitcoin mixers allow you to get new coins that are not related to the user’s identity and thus provide privacy. These services charge a small commission, complicating the tracking of bitcoins by companies engaged in their analysis. There are several ways to ensure anonymity in the use of bitcoins, for example, there is a peer-to-peer exchanger that acts as a platform for meeting bitcoin users. However, this requires all users to come together to create a common transaction, which is performed in stages. In addition to the mixer server, transaction participants cannot find out the bitcoin input and output addresses.
To date, there are many cryptocurrency mixers on the Internet, and choosing the best one is not an easy task. Our website will help you compare terms and ratings, find the best offer and mix coins in just a few steps.
There are three main characteristics that you should pay attention to:
- Advantages. The Bitcoin mixer should offer customizable rates for users.
- Security. The service must have a good reputation in the field of security.
- Convenience. Bitcoin mixers should be easy to use.
Why is it necessary to mix cryptocurrencies?
Initially, bitcoin was considered as an anonymous means of financial transactions. However, in the modern cryptocurrency environment, most platforms have lost their privacy in favor of compliance with international norms and laws on digital assets. Most platforms are required to verify the identity of users (KYC) and disclose information to third parties.
This may cause concern for crypto users and investors. You may not want others to know how many bitcoins you have, how much you earn and how you spend your funds. Your financial privacy is your own business. Therefore, mixing cryptocurrencies can be an important step to preserve privacy.
