Many think that Bitcoin transactions cannot be traced, but this is never the case. You should not allow yourself to be fooled that bitcoin transactions are anonymous because it is not. In fact, it is very possible to detect the name of the person that owns the wallet to which that bitcoin was sent. Be that as it may, you can still hold off anyone that wants to trace your bitcoin transaction and make it totally untraceable. How can this be done? All you have to do is to use a bit coin mixer. What is a bitcoin mixer? We will provide a helpful answer to that question in the course of this write-up.
What a bitcoin mixer does
As its name implies, a bitcoin mixer mixes your coins to make them untraceable. It is an internet-based platform or service that can help to make your cryptocurrency anonymous. Additionally, the tool can be called tumbler service or scrambler service. Its goal is to break the coins of the end user into several small parts and then get them mixed with some other cryptocurrencies from other sources. This will help to make the cryptocurrency in your wallet untraceable by the blockchain. Your privacy will be invaded if the bitcoin can be traced to your wallet. The mixing process is always very fast and it is not complex at all; you can even complete it successfully if you are a newbie in the industry.
How it works
As part of answering the question what is a bitcoin mixer, we need to also look at how the tool works. The bitcoin mixer works by breaking the connection between the address of the sender’s wallet and that of the recipient. Consequently, it will not be possible for anyone to detect where the bitcoin has been delivered to even if the person tries to trace the bitcoin transaction. The person trying to trace the transaction will lonely see that the bitcoin was sent out from the sender’s wallet, but will not be able to see where the bitcoin was sent to.
You can mix your bitcoin via two methods, which are highlighted below:
- Peer-to-peer mixing
- Bitcoin tumbler
The online service is very easy to use and the process is comfortable. You can also modify it as you like; you can set the amount to complete the process, set the delay time and also provide the particular address to ensure that clean coins will be delivered to your wallet.
Is it legal?
There is no legality or illegality regarding the use of bitcoin mixers since governments has not created any regulation for bitcoin mixers. We can, however, say that the legality of the bitcoin mixer depends greatly on the intention of the person using it.