Without a doubt, the crypto cash could be a convenient and mysterious installment instrument: with its assist you can purchase and offer products or administrations and, of course, make inner exchanges to other clients (the so-called p2p installments). Be that as it may, in spite of the tall level of namelessness of Bitcoin, you ought to get it that thanks to the blockchain innovation, the utilize of crypto money is additionally reasonably straightforward. Knowing where you expect the payment, or from which address you make it, outsiders can easily track the movement of your funds. Many e-currency exchange points and crypto-exchange exchanges often require the verification of your identity, which will ultimately make your personal data public in varying degrees.
BitmiX offers a unique service with a high degree of confidentiality, which will ensure the anonymity of your payments, by using the mixing of multiple Bitcoin addresses. Our system works quickly, reliably and with a small commission - only after the transfer and receipt of funds to the final address. Of course, all of the data about your transaction will be irretrievably deleted.
Anonymity and decentralization are the key differences between cryptocurrencies and fiat money. But after all, all data on completed transactions are stored and reflected in the blockchain registry? This allows you to trace the path of each unit to its final storage location. Moreover, services and programs aimed at tracking transactions within the system are actively developing. The Bitcoin mixer helps to increase the anonymity of transactions with this cryptocurrency. How it happens, says Coin.
Bitcoin's indirect anonymity has misled many users. Some system participants even decided to use the blockchain to accept illegal payments or tax evasion. However, the anonymity of transactions is not needed in order to circumvent the law. After all, having basic knowledge of blockchain technology, any user can track transfer data, find out the current balance and see where funds are stored and how they are withdrawn. Which makes users vulnerable to fraudsters, for example. That is, the anonymity of cryptocurrency transactions remains highly controversial. Therefore, to "obfuscate the traces" of transactions, special services have been developed - bitcoin mixers.
Bitcoin mixer is an anonymization service that makes it difficult or impossible to track transactions on the blockchain by dividing transactions into small amounts and moving multiple times between different addresses. There are many different mixers in the cryptocurrency market today. BitMix.org service has been successfully operating since 2017, has a large number of positive customer reviews and many mentions in the media.
All transaction anonymization services are divided according to the principle of operation into two types.
Centralized bitcoin mixers are the first generation of services, where the level of anonymity depends on the total number of users, and the security of use entirely depends on the professionalism and honesty of the service developers.
Peer-to-peer bitcoin mixers are an improved model of centralized services, using which anonymization is carried out without the intermediary cooperation of developers.
When using centralized bitcoin mixers, the anonymization of funds is achieved by mixing all transactions received from users. So, the user sends his funds to the service, pays a set commission and receives exactly the same amount of funds, but only in different coins.
When mixing, all funds are crushed into small parts, and then randomly sent to the wallets created by the service. Such an operation can be repeated dozens of times and only after that the coins are sent to the participant's specified address for receipt. The service must be reliable and technically secure, since the mixing method is associated with the risk of theft of funds sent by the platform developers, and insufficient technical security can become a breeding ground for hacker attacks and hacks. In addition, no one gives a guarantee that the service does not record transactions.
Peer-to-peer mixers have been developed as an alternative to the imperfect model of centralized bitcoin mixers. Bitcoin Tumblr in this case serves as a platform where users who wish to anonymize funds can interact without an intermediary. To do this, several users are combined into a peer-to-peer group and form a transaction that goes through several stages before being sent to its destination from one user to another. None of the participants in the transaction knows any data about other users and mixing stages, and the lack of service participation in mixing eliminates the possibility of theft of participants' funds. Anonymous transactions are paid out in a random order for a random number of coins, which add up to the amount required for payment.
Everyone has heard about the anonymity of Bitcoin, but few people know that this is practically a myth. Since the developers put a completely different meaning into this concept than modern token holders, who believe that all their transactions on the network are not identified. ProstoCoin reminds: the anonymity of bitcoin lies in the absence of the need to enter personal data and the lack of system control over transactions and their purpose. But the blockchain is a database that stores the history of all committed transactions. Of course, the blockchain registry does not contain the personal data of the participants in the transactions, and the address of the bitcoin wallet is not personalized.
At first glance, this is quite safe and anonymous, because the blockchain does not provide any personal data about the coin holders. But once you associate your data with any transaction, for example, pay for delivery of goods to your home or withdraw funds to a card, all transactions in the system can become personalized when monitored by regulatory authorities. This already provides an opportunity to track the method of earning, depositing and withdrawing funds, as well as all payment purposes and existing savings of each bitcoin holder, with proof of belonging to a specific person.
The wave of arrests of criminals who accepted payment in bitcoins is a confirmation of this. It is worth noting that transactions involving large amounts of money are mainly targeted by law enforcement agencies. Even if the user does not commit illegal actions, no one guarantees that the transactions made will not seem "strange" to the special services.
When connecting to a Bitcoin mixer, it is recommended to use a connection through proxy servers. Some services have a built-in Tor connection. Next, you should go to the official website of the selected service and go through an easy registration of new users.
Each service offers individual methods of interaction, but in most cases it is necessary to deposit funds to an account in your personal account, mix and withdraw anonymous coins in the chosen way. The internally generated bitcoin wallet address is often only available for 24 hours. For some services, minimum transactions and additional terms of cooperation are established.
An important point in using bitcoin mixers is a letter of guarantee indicating the wallet address and a special code that is issued by the service when participating in mixing. The letter should be downloaded or copied. When withdrawing funds, the service requires you to indicate it as evidence. If the letter is lost, the funds will also be irretrievably lost.
The speed of the services depends on the amount of the transfer and the number of required confirmations. Deferred transactions may also be offered to users to make tracking more difficult.
In addition to intraservice mixing, you can use other techniques to increase privacy:
Withdraw funds from the service after a long period of time.
Divide making a deposit into several parts.
Split withdrawals into several separate parts with withdrawals to different wallets.