The use of bitcoins
The use of bitcoins has become very popular in recent times. Bitcoins refer to a kind of a cryptocurrency or a digital asset which can be used to store a monetary value which will be equal to the worth of an actual money bill. The use of digital currency provides a lot of convenience to the users however it is of essential importance to make sure that any unauthorized person is unable to gain access to your transactions, and the user anonymity is assured.
What are the advantages which you can gain from the mentioned service providers?
The mentioned website provides you with the facility of a bitcoin mixer. A bitcoin mixer is a platform which allows you to make sure that your identity remains anonymous during all your digital transactions. It is important so as to prevent anybody from being able to trace your digital address and gain access to your wallet. The bitcoin users provide a lot of personal information for the creation of their accounts which can be used for wrong intentions. The user of the mentioned service can choose from two different options to maintain their anonymity which are:
- The bitcoin tumblers
- Peer to peer mixing
Bitcoin Tumblers vs. Other Methods
Bitcoin tumblers are one of several methods for achieving privacy in cryptocurrency transactions. Here are some comparisons between Bitcoin tumblers and other methods of achieving privacy:
- Cryptocurrency Mixers: Cryptocurrency mixers are similar to Bitcoin tumblers in that they mix cryptocurrencies from different sources to obscure the transaction’s origin. However, unlike Bitcoin tumblers, cryptocurrency mixers may mix multiple cryptocurrencies, including Bitcoin and other altcoins.
- Anonymous Cryptocurrencies: Some cryptocurrencies offer built-in privacy features that make transactions anonymous by default. These cryptocurrencies are designed to prevent transaction tracking, and as a result, they do not require additional privacy measures such as tumbling or mixing. These currencies can be a great way for many.
What is the function of the online tumbler and how is the value mixed?
You can think of the bitcoin tumbler as a digital container where all the newly tinted bitcoins go. There they receive a new address and their delay time is set. Thereafter they are mixed without bitcoins and make it impossible for anyone to trace the address which they have come from. After the process is completed the user receives an online letter which assures him that their coins have been mixed ad n they are digitally secure. After this is done, the bitcoins are sent to a brand new wallet with a fresh address, which is provided by the user.
Also, it is important to note that the mixing of bitcoins is not illegal. However, its legality heavily depends on the reason why the user wants the bitcoins to be mixed. If it is done for the purpose of hiding stolen assets then it is wrong and objectionable.
So, now you know all about how you can make sure that your identity as a user of digital assets can remain anonymous.