An important selling point that cryptos have over other payment methods is privacy. Without a central authority and without peer-to-peer status, users are granted a high level of anonymity with regard to their transactions. The anonymity of cryptos has been so high that several governments around the world fear that illegal transactions could benefit from it.
But is it possible to increase anonymity even further? The Bitcoin mixer is one such service that promises just that. While it is possible to follow the source of a crypto transaction, the organization is making the possibility increasingly difficult.
How it works
As the name suggests, the Bitcoin mixer acts as a kind of mixer for the transactions of its users. The platform is also known as the Bitcoin Tumbler. The service mixes its own funds and offers them new bitcoins.
This process leads to a mishap of transaction paths with no unique path. Anyone trying to track down the source of such a transaction would find it quite difficult to accomplish.
Ways the blender can make sure anonymity is preserved
The process of creating a confusing mix-up of transaction paths, while going a long way in maintaining anonymity, may not be entirely sufficient. The bitcoin mixer has several plus features to ensure that user anonymity is not easily compromised.
These features include:
No user log storage
The service does not keep a log of the activities of its users on its servers. If the systems are cross-checked, the users’ transactions never seem to have taken place. This has two main advantages.
First, the anonymity of the users is guaranteed. Anyone or organization that legally or officially wants to access data about users will not find anything. A system breach aimed at finding user logs is also very sterile.
Second, the process goes a long way towards freeing up space within the service for other purposes.
No collection of personal data
The Bitcoin Mixer does not have a collection of personal data regarding its customers. There is no information on its servers that, when combined, could reveal the true identity of a user.
Not only is a user’s transaction history a secret, but the user’s true identity is completely anonymous to the service provider himself. It is comparable to ghost-making incomprehensible crypto transactions.
E-mails are deleted from the system
If a tracer can’t find transaction logs for the bitcoins, and can’t find any personal information about someone, there is another logical step they could follow. You could try accessing contact information to start tracking from there.
Well, that is also out of the question with the Bitcoin mixer. The service deletes all emails from the contact form within 24 hours of opening them with the service. This will close the Contact Tracking Source window to identify a user.
The service is fully automated
Bitcoin Mixer is a fully automated service. The input of people is not required in any of the processes running in the service.
This reduces potential human errors that can lead to transaction and user traceability. While people could compromise anonymity for personal reasons by maintaining some data, the blender just wipes the slate clean.
How to use the bitcoin mixer
Using the bitcoin mixer is a fairly straightforward process. This 5 step guide is broken down for use.
- Users begin by opening the Bitcoin Mixer site, which can be accessed at bitcoinmix.org. It can be opened with a normal browser or the more anonymity-oriented Tor browser
- Next, enter your Bitcoin address. To increase anonymity, up to 5 BTC addresses are used with a time delay
- A user then sends the number of bitcoins specified by the bitcoin mixer to the specified address, which ends up on the page
- The processing step follows. You have to stand for a short time while the mixing process takes its course
- The last step is to check whether the mixing is complete. To do this, the status of the mixing process is simply displayed
As soon as the mixer has completed the mixing process, the transaction can no longer be traced. All logs related to the transaction are then deleted to ensure anonymity. The service charges a commission between 2% and 5% per transaction.
Notable uses for the bitcoin mixer
In general, everyone may need to maintain anonymity when making transactions in the cryptos. Thanks to cybercrime, nobody wants to put their income and personal information at risk. However, there are certain cases that are best dealt with using Bitcoin Mixer. These include;
Make large transactions or charitable donations
Large Bitcoin transactions usually pique the interest of hackers as the source could have many more assets in store. The recipients can also be addressed. Being anonymous when doing large P2P transactions is best served by this service
Charitable giving individuals are potentially notable targets as they are believed to have a lot in store to donate. Bitcoin Mixer could help solve this problem.
Data protection in transactions has always been an achievement of the crypto world. But hackers have found a way to trace transactions back to their sources, with devastating financial consequences. Starting crypto mixers like the Bitcoin mixer has given users the upper hand. They’re pretty easy to use too.