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How do Bitcoin Mixers work?
Bitcoin mixers are platforms that allow Bitcoin users to increase their anonymity by obscuring the transactions on several different levels. Most Bitcoin mixers work pretty straightforwardly: Users send their money into a pool, which then "shuffles" around all the Bitcoins and sends them out based on the amount sent.
Just like other Bitcoin mixers, BtcMix works like this:
1) Enter the Bitcoin address (or multiple addresses) where you want to receive the mixed Bitcoins. Optionally, set the delay to process your transaction. The longer the delay, the higher the anonymity of the mixed Bitcoins.
2) Send the Bitcoins you want to mix to the address generated by BtcMix.
3) After the first confirmation of your deposit, BtcMix will mix your Bitcoins and send them to the address (or addresses) entered in the first step.
Why do we need Bitcoin mixers when Bitcoin is anonymous?
First of all, Bitcoin is not anonymous. Sending and receiving Bitcoin leaves a trace in the blockchain. If your transaction is ever linked to your identity, all your previous transactions can be linked to you.
Anyone you send Bitcoin to can look up your previous transactions or even see your crypto balance. And this is where Bitcoin mixers can help.
How do Bitcoin mixers make Bitcoin anonymous?
Bitcoin mixers use so called CoinJoin transactions. CoinJoin is an advancement on already existing technology that helps users protect their privacy while sending (and receiving) Bitcoin. CoinJoin is a multiparty Bitcoin transaction at the end of which it is unclear who owns which Bitcoin.
Consider the following transactions made at the same time: A purchases an item from B, C purchases an item from D, and E purchases an item from F. Without CoinJoin, the public blockchain ledger would record three separate transactions for each input-output match.
With CoinJoin, only one single transaction is recorded. The ledger would show that Bitcoins were paid from A, C, and E addresses to B, D, and F. By masking the deals made by all parties, an observer cannot with full certainty determine who sent Bitcoins to whom.
Is it safe to use Bitcoin mixers?
It is absolutely safe to use BtcMix. However, it is up to you to decide whether need to use Bitcoin mixers. Before using Bitcon mixers, always do a due diligence and read the Terms of use.
However, even if you are perfectly confident about your preferred mixer, we always recommend you to mix smaller amounts of Bitcoin instead of large sums at once.
Why should I choose BtcMix?
FAST
The speed of Bitcoin mixers is important for users who want to quickly and efficiently obscure the origin of their Bitcoin transactions.
BtcMix offers instant Bitcoin mixing, that lets you to receive mixed coins immediately after the first confirmation of your deposit.
Optionally, to increase the anonymity mixed Bitcoins, you can choose your transaction's delay.
SECURE
The security of Bitcoin mixers varies. Some mixers may have strong security measures in place to protect the privacy of their users, while others may be less secure.
It is important to carefully research Bitcoin mixers you are considering and to make sure that they have strong security measures in place.
To guarantee the highest level of security, BtcMix has a team of in-house security specialists. Additionally, to increase the safety and privacy of our users, we never require or log any personal details, such as name, email, or IP address, and delete all transaction details after 24 hours.
CONVENIENT
Some users may find Bitcoin mixers to be convenient because they allow them to quickly and easily obscure the origin of their Bitcoin transactions. Other users may find Bitcoin mixers to be inconvenient because they may have limits on the amount of Bitcoin that can be mixed at one time, or because they may require users to go through additional steps to use the service.
BtcMix combines the speed, privacy and affordability, while allowing you to mix up to 1 BTC in a single transaction, without registration or KYC.
Questions about Bitcoin mixers
What is BtcMix?
What is a Bitcoin mixer?
Why should I use a Bitcoin mixer?
Isn't Bitcoin anonymous?
Is BtcMix anonymous?
Do you require KYC?
Are there any Bitcoin mixing limits?
How long does it take to process transaction?
How does a Bitcoin mixer makes Bitcoin private?
Do you keep transaction logs?
Everyone has right for their privacy.
Privacy is a fundamental human right recognized by the UN Declaration of Human rights, the International Covenant on Civil and Political Rights and in other treaties. No matter who you are, BtcMix is for all of you*.
* Okay, let’s be clear. Privacy is absolutely vital for the bad guys, too. We, however, do not support the crooks, and our service is not suitable for them either. Even though BtcMix does the best to anonymize the transactions, there are far better coins for crypto anonymity, such as Monero or zcash. Please read our terms before use.
People should have privacy. Governments should have transparency.