Cryptocurrency is not an anonymous term anymore. People across the globe are using it for diversified transactions. A digital currency, here transactions are verified and regulated by a decentralized system that relies on cryptography.
It is the future. The way we transact has already changed. Cryptocurrency has a lot to do with it. Most users believe that using Bitcoin is highly safe and secure. The transactions are entirely anonymous, and no one (individual or a company) can track them. But most of us need to be made aware of is that Bitcoin is not 100% safe. With the right tools, it is possible to steal information.
When cryptocurrency was launched, technology was not advanced. But hackers now have different tools by which they can gather all the information required. Hackers can now trace the account from where the transactions were made and collect all your financial data. You must maintain your anonymity and enhance your privacy so that no third party can steal it.
Are cryptocurrencies pseudonymous? Is there no privacy at all?
Well, the truth is Bitcoin is not anonymous; it is pseudonymous! Is this not scary? Can anyone trace your wallet details and collect all the data? One can trace details related to your identity and track all your financial transactions. It is like publishing your bank account statements to the whole world. Everyone will know what you are up to! This can be a severe blow to your security and privacy!
Many accounts have been hacked, and vital financial data has been stolen. You must take proper measures to bring the situation under control.
How to prevent third-party individuals from stealing details related to your cryptocurrency transactions?
Technology has answers to all our worries; if there is a loophole in the transaction of cryptocurrency, then at the same time, there are ways to prevent that as well. With Bitcoin Mixer, you can ensure anonymity and maintain your privacy in crypto transactions.
What is a Bitcoin Mixer?
A Bitcoin mixer is also known as a Bitcoin tumbler. It is an external service. It helps to disguise the data that links the transaction to your Bitcoin account. In short, it makes it difficult to trace the details. This is highly beneficial in the current scenario, where data theft and privacy violations have become rampant.
In the current scenarios, Bitcoin tumblers are a necessity. These services have shown the world that you no longer have to worry about privacy, which is very much missing in blockchain technology. There is no other alternative if you want to prevent identity theft.
What are the popular Bitcoin Mixers?
We have listed the top 5 Bitcoin Mixers that have gained immense popularity. It is entirely your decision as to which one you shall opt for. However, once you know the mixers, you will know which one to look out for. Are you ready? Here is the list!
UniJoin.io
This reliable Bitcoin mixer uses CoinJoin technology to maintain the privacy of your transactions. They transact the Bitcoins of multiple users at one go in a single transaction. Usually, there will be 50 to 100 senders and 50-100 receivers. It is impossible to trace who sent money to whom. The more people use this mode, the more difficult it becomes to trace. They are currently dealing in only Bitcoin transactions, but soon they will support litecoin, tether, and Ethereum transactions.
Why UniJoin.io?
- Easy to use and operate
- Anonymous transaction every single time
- The website also works on Tor.
- You can delay the transactions to confuse the hackers further
- There is no logs policy
Sinbad
This is another legitimate bitcoin mixer that you should check out. It is a reliable and easy-to-use mixer. It is highly secure and safe. Although a new entrant in the market, it has become equally popular.
Why Sinbad?
- Hassle-free service
- No storage of IP or blog address
- The website supports TOR for better privacy
- You can customize the mixing process, thereby increasing the privacy measures
- Great customer care service
Coinomize
The platform fee is relatively low and offers flexible services. It comes loaded with a variety of features. It does not support log storage. One confirmation is enough the carry out the process.
Why Coinomize?
- Supports Tor for better anonymity
- Single confirmation transaction
- IP addresses or logs are not stored
- It has got an Android app as well
- Make use of the attractive referral program
MixBTC
It charges a low fee for anonymous transactions. However, it requires three confirmations from the user before it carries out the transaction.
Why MixBTC?
- User-friendly interface
- It supports SegWit
- Has no log storage policy
Blindmixer
It is a combination of a mixer and a wallet. Blind signatures are used to make the transactions untraceable. The fee ranges from 100 to 441 satoshis.
Why Blindmixer?
- It has a standalone wallet specific for Linux and Windows users
- Supports SegWit
- It has a low transaction fee
- Supports the lightning network
BEWARE! Cryptocurrency is not anonymous! One can steal the data and hack your account!
More and more organizations are opening up to cryptocurrency for their transaction purposes. If adequate measures are taken to prevent data theft, these companies will be in a better place. Once the data and information are stolen, and your financial accounts are hacked, what will you do? No amount of running around will help solve the matter. It will take years to trace the hacker. By the time you get the information, valuable time will be lost. You cannot let this happen to you. For safe and secure transactions, you have to ensure that the transaction mode is safe and reliable.
In Conclusion:
With the Bitcoin mixing service in the picture, you can now heave a sigh of relief. You know what to do to protect and safeguard your crypto transactions. Make sure that you opt for the best Bitcoin mixer. What are you waiting for? Go ahead and check out the ones we have already mentioned. With a suitable Bitcoin mixer, you can change the way you transact. How cool is that? Do let us know what you think in the comments section. We would love to hear from you.
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