(Newswire.net — February 29, 2024) — Anonymity is needed by many people in one way or another. There is nothing wrong or illegal about seeking privacy online. Using just cryptocurrency is no longer enough to get anonymity. One has to resort to using tools that work with digital currencies.
Crypto Tumbler is designed to increase anonymity when making transactions. The principle of its work is aimed at mixing your coins with coins of other users from a common pool.
For the user, buying anonymous Bitcoin is very simple, literally setting up a few parameters and sending tokens to the account provided.
Inside the service, the mixing process looks a little more complicated. The principle of operation differs depending on the service chosen. There are two main types of Bitcoin tumblers: centralized and decentralized.
Centralized services receive your tokens and mix them in a common pool, which can contain both company funds and funds of other users. After mixing, the money is distributed to the accounts. You can purchase anonymous Bitcoin to either a single wallet address or multiple wallets, depending on your preference.
In decentralized bitcoin tumblers, if taken in general terms, the working principle is very similar. Your tokens again go into a common pool, only it will consist solely of funds from other users who also want to purchase anonymous cryptocurrency.
But even with a Bitcoin mixer, there is the question of anonymity. How much harder it is to track the mixed cryptocurrency? What is the percentage of anonymity?
Does it make sense to resort to using a crypto tumbler
Of course, if you compare Bitcoin before and after the tumbler, there is a huge difference between the two.
Cryptocurrency tumblers allow retailers to rewrite their crypto history by creating their own blockchain using different digital currencies. They route transactions through a complex semi-random network of other fictitious exchanges, making it difficult for users to link currencies to specific exchanges. Thus, the coins are virtually untraceable if they move through a tumbler service.
Let’s take the cryptocurrency before the mixer. There may only be a few of your transaction records on the blockchain, after purchasing bitcoin on an exchange. That is, from the starting address, where all the data that you provided to the exchange is known, to the ending one is only a few blocks. From this, keeping track of your wallet and your transactions is very easy.
If you take cryptocurrency after using a Bitcoin mixer, it will look very different already. You bought the cryptocurrency on the exchange and before it reaches the final address there will be about a hundred more records in the blockchain. It’s not clear who transferred the tokens to whom. Whether you transferred them to Steve, and then he transferred them to John, and then to someone else, or whether you bought them and transferred them to someone else, it becomes almost impossible to determine.
How anonymous am I after using a crypto mixer?
Probably no one tries to track Bitcoin manually anymore by looking at blockchain records.
Just as services exist to obfuscate tracks, so do services to unravel and analyze the blockchain.
For example, Chainalysis is a service that will allow you to track transactions on the blockchain, allowing you to track a person.
– Will I be able to be tracked after using a Bitcoin mixer?
– They can.
Of course, they will be able to track you, because the records from the blockchain will not go anywhere. The only question is how much effort and time it will take.
If you are an ordinary person who bought an anonymous Bitcoin just to feel safer, you are unlikely to be traced. No one will want to spend hundreds of hours unraveling the blockchain for nothing.
But if someone really needs you and you are being hunted, and if there are a lot of people involved, then in theory they can figure you out. Except that it may take more than one year, and people tracked down, will not be fully confident in their rightness.
Therefore, if you want to buy anonymous bitcoin through a crypto tumbler just to feel safer, it is a good option and there is nothing to worry about, you will be anonymous. For this purpose, it is simply worth picking the best crypto tumbler for yourself. You will be able to use it at any moment and you will feel more comfortable.
But if you are caught in the crosshairs of total surveillance and someone really needs you, then it’s better to find an alternative option. No crypto tumbler will guarantee complete anonymity. Choose a cryptocurrency that uses more advanced cryptography methods. For example, Dash or Monero, cryptocurrencies are considered anonymous and without the use of a Bitcoin mixer.