What are Bitcoin Mixer?
Mixers, also known as tumblers, are a tool used to obscure cryptocurrency transactions and the identities of those behind them. By combining payments made to a particular address with others and then sending the result back out to new addresses, mixers make it extremely difficult for those trying to uncover illicit activity to establish meaningful correlations between transactions or identify a single sender or recipient.
In the cryptocurrency world, this is an essential tool for those wishing to maintain a high level of privacy. But it’s important to understand how they work and the current laws surrounding their use before making any decisions.
As with all services, there are a number of different Bitcoin mixers available to users. Some, such as Whirlpool, are built into the Samourai Wallet while others, like Unijoin and CoinJoin, are standalone apps or services integrated into other tools (such as exchanges). All of these services work by combining coins from various users, removing any connection between the source and destination address and then sending the result back out to new receiving addresses. Some offer additional security measures such as time delays and random distributions.
While mixing services are generally considered legal, they’re not without their critics who argue that they’re a hotbed for money laundering and other illegal activities. Others point out that the right to privacy extends to the blockchain and that maintaining anonymity on the internet should be a fundamental right. What are Bitcoin Mixer