Cryptocurrency tumbler and bitcoin mixing service
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Last Updated: 2023-01-01
Cryptocurrency tumbler or bitcoin mixing service is a solution used to blend possibly recognizable or 'polluted' cryptocurrency funds
with others, so regarding cover the trail back to the fund's initial resource.How does a Cryptocurrency Tumbler work?
Coinomize is a cryptocurrency tumbling service that mixes coins from many different sources, breaking the link between your addresses and their transactions. The process of mixing bitcoins in this way is called "tumbling", and it prevents the transactions from being traced.
A cryptocurrency tumbler is a website that mixes your coins with other people's coins to make it difficult for someone to track the source of any particular coin. When you send bitcoin or another cryptocurrency to the tumbler, it sends you back different coins than what you originally sent.
Why should I mix my coins?
Mixing your coins not only limits the public's ability to track your transaction history, but also makes it difficult for hackers or thieves to steal any of your money.
A bitcoin tumbler is a service that mixes bitcoins with other users' so as to obfuscate the original source of any single coin.
Mixing your coins can have an effect on their value, it is difficult for the market to sense any major changes in price caused by mixing.
Mixing coins can also help with tax evasion, if you are earning money from Bitcoins which is legal in your country then there should be no problem.
Are bitcoin mixers illegal?
Bitcoin mixers are currently not illegal, but they do have a lot of risk. Bitcoin mixing is just one way that people launder their cryptocurrency and it relies on the anonymity of bitcoin to be successful.
Which Cryptocurrency is not traceable?
The more popular cryptocurrencies like Bitcoin are traceable, while others like Monero and Zcash offer an extra layer of anonymity.
Monero is not traceable on the blockchain, but there are some limitations for its untraceability. A transaction is not safe on Monero if it is done with a large amount of coins that have been mined less than 120 days ago.
How does a crypto tumbler work?
A Crypto Tumbler is a device or service that mixes one cryptocurrency with other cryptocurrencies. This process of mixing coins makes it difficult to track where the original coin went. But, there are a number of ways to track the transaction, even after it has been mixed.
In a crypto tumbler, coins from one source are mixed with other coins from different sources through a process called “spreading.” This makes it difficult to track the coins through chain-analysis, as they are mixed with other coins before being sent on their way.
We have taken steps to protect your privacy and anonymity. Get started with Coinomize, the best crypto tumbler on the market today!
What is a bitcoin mixer or tumbler?
A bitcoin mixer is a service that mixes your bitcoins with other people's before sending them to the destination address. The mixing process makes it difficult for anyone, including law enforcement or hackers trying to track your transactions, to trace the bitcoins back to you.
Bitcoin tumblers are a type of coin mixing service that work similarly but are more complex in design.
Background of Cryptocurrency tumbler
Bitcoin Tumblers take a percentage fee of the complete coins to be mixed and profit, usually at 1-5% with.
Mixing helps to protect privacy and can also be used for money laundering by mixing illegally acquired funds.
Mixing large amounts of cryptocurrencies can be illegal in some countries and therefore these mixing services are often used
to disguise the transactions.Jeffrey Robinson, a financial crime author, has actually recommended banning tumblers as they may be used for unlawful activities,
especially for laundering terrorism money, but a detailed report by the Combating Terrorism Center showed that the use for terrorist activities is "relatively small" and it is just a few percent.Do I Need to Use a Bitcoin Mixer?
When Bitcoin, the leading cryptocurrency, was launched, among the hardest questions its users had was the issue of anonymity.
Powered by the blockchain, Bitcoin was created to provide public confirmation of transactions without revealing the identities
of the people behind the settlements.However, is Bitcoin completely Anonymous and untraceable?
In fact, Bitcoin payments are determined by public keys, unique individual addresses shared within the blockchain.
With proper blockchain analysis, the public addresses can be traced back to a specific IP address and an Exchanger.
There are already some companies that were created precisely to find out the owners of a Bitcoin address.
This makes the use of a Bitcoin tumbler all the more important.Consequently, Bitcoin is pseudo-anonymous.
And if the general public BTC address is used on an exchange that requires a KYC (understand your customer) policy, the address can
be conveniently linked to the person behind a particular transaction.
You can now answer the question for yourself whether you need one or not or?What is a Bitcoin tumbler or laundry?
A Bitcoin Tumbler or Bitcoin Laundry is that same as a Cryptocurrency Tumbler or also called Bitcoin Mixer.
If you are new to the Bitcoin field and have no experience with removing transaction traces, a Bitcoin Tumbler is the
perfect solution for your problem.A BTC mixer is like a bowl in which all the Bitcoins are thrown in and mixed well.
If all Bitcoins looked the same, could you find your Bitcoin in it?
Probably not.
And this is exactly why Bitcoin mixing services were invented.
To create complete anonymity and thus not be blocked or reported by any exchanger or exchange.How to use a Bitcoin tumbler?
Mix your Bitcoins with Coinomize in just 3 simple steps:
Step 1 - Make sure you are on the right domain
For optimal use you should use one of the following domains in your desktop browser:
You can also visit Coinomize via the Tor browser at: http://coino2q64k4fg3lkjsnhjeydzwykw22a56u5nf2rdfzkjuy3jbwvypqd.onion/
Step 2 - Input the destination address
Visit the following page: Start mixing to start your mixing process.
1) Use your Coinomize Code if you mixed your Bitcoins with Coinomize before.
2) Enter your recipient bitcoin address to which your clean coins should be sent after the mixing process.
3) Select the service fees by moving the slider to the right.
4) After that you can select the send delay.
This means that your bitcoins will be sent to you after this time and prevents tracking the time in the blockchain.The mixing strength bar shows you how securely your Bitcoin will be mixed afterwards.
Step 3 - Send your Bitcoin to the mixer
After you click on the "Create Order" button, the payment page will open.
On the page you will find your Letter of Guarantee which you can save and which will give you the assurance
that your deposit address is really from Coinomize.
You can then verify this signed message using our address "1CrywjDEzzpEMxdWzCDgtmZ3Tr57XrnANV".
On the following page you can check your selected settings and make sure that everything is ok.
Save your Coinomize Code as well.
This ensures that you will not receive any previously sent coins back during the next mixing process.
After you send your Bitcoin to the address shown above, your payment will be displayed within a few seconds,
under "Incoming Transactions".After your payment is confirmed after 1 blockchain confirmation and you still choose a time delay, it looks like this:
You can close the payment page at any time. Save your order number beforehand.
You can use it to return to your transaction at any time on the "Order Status" page.Is Bitcoin tumbling safe?
Similar to any other service operated over the Internet, a Bitcoin tumbler or Bitcoin laundry can be fraught with a number of risks.
For example, most authorities work against them, with the view that they facilitate the trade of criminal funds.
An idea that is not entirely true, as most transactions are used for LEGAL purposes.What is important when choosing a good bitcoin mixer is trustworthiness,
as there are many websites that steal users hard-earned bitcoin.
For example, Coinomize is one of the best bitcoin mixers and is 100% trustworthy.Is Coin Mixing just for Criminals?
As mentioned above, no, coin mixing and other types of personal privacy are not only for criminals.
In fact, personal privacy is a human right developed in the Universal Declaration of Human Rights.Of course, felons also benefit from all kinds of personal privacy, including the privacy they get from shuffling their coins.
Criminals enjoy many of the freedoms that the rest of us have, which is the price we pay to live in a free society.In fact, the perception that mixers are mainly used by crooks seems to be wrong.
According to a study by blockchain analytics firm Chainalysis, for example, mixers are mainly used by regular
Bitcoin customers who simply want to protect their privacy.
Coins that have actually been used for illegal functions represent a minority of all combined coins.What is blockchain analytics?
The Bitcoin blockchain is an open and also transparent network. This means that every payment is publicly visible to everyone.
So, it is easy to see how coins are sent from address to address.
It is therefore possible to track every payment from the beginning.
If the Bitcoins are never paid out, no owner can be identified.However, from the moment the payment is made, the exchanger or payout service knows the true owner and can
forward information about the owner to the authorities.
This is prevented with the use of a Bitcoin Mixer.