Like your bitcoin balance? Secure it today with a bitcoin mixer
Checking the current headlines of today’s news cycles looks like a laundry list for disaster. Political instability, global pandemic, and emerging surveillance tech all add up to a world in which maintaining your crypto wealth is not only crucial, but tricky, too.
Why tricky? Because technological advances make it easy to identify who you are and take away your bitcoin wallet balance. You do have one absolutely secure – and essential – recourse, however.
Use a bitcoin mixer to secure your wallet. Yes, a bitcoin mixer – you might be wondering what a BTC mixer is, and what it can do for you. Good thing you’re reading this article, then, because we’re going to explain exactly that.
A bitcoin mixer is the only way to truly secure your bitcoin
First of all, here is the obvious fact – you need to secure your BTC today, not tomorrow. If you put this crucial task off, then in the next moment you may find your account balance drained.
Who would do such a thing? The list of potential thieves is a long one. Hackers, cyber-criminals, regulators, blockchain analysis firms – the list goes on.
What do all of these malicious actors have in common? They not only know your wallet address, but they know where the bitcoin in your wallet came from.
The problem with that is if someone can trace where your bitcoin came from, then they can easily draw conclusions about your identity based on patterns which sophisticated AI-based blockchain analysis can determine. Complex algorithms have been developed to quickly detect related movements within the vast trove of blockchain transactions, leading to uncovered IP addresses as well as easily identified physical identities.
This is all to say that if you thought bitcoin was anonymous, well, think again. Not only bitcoin is not anonymous, but it is actually very, very public. Anyone with a simple internet connection can see your bitcoin wallet balance by entering your wallet address. And, anyone can find out your wallet address by merely moving between transactions on a blockchain.
Imagine that the bitcoin in your wallet that was sent by a friend, business contact, or exchange was used as a payment in a crime at some point in its history. Law enforcement officials working with blockchain analysts have a suspect, have seized their wallet, and are now reverse engineering the situation to recover all of the bitcoin involved in the crime.
Eventually, their investigation leads right to your wallet. Sure, you’re innocent and had no involvement in the crime, but unfortunately, the BTC in your wallet did. That’s enough due cause for law enforcement officials to hold the entirety of your wallet, too.
So, you may lose your entire net worth just by holding BTC with origins that are unknown to you, but easily knowable by blockchain analysis firms. In this case, the only solution for you is to clean your bitcoin of all previous traces.
This is where a bitcoin mixer comes in to save the day.
A bitcoin tumbler creates untraceable BTC
What a bitcoin tumbler does is very simple. It takes potentially traced BTC and turns it into anonymized and highly secure bitcoin. Moreover, just as Occam’s Razor tells us, the simplest solution is usually the correct one.
Thankfully, using a bitcoin tumbler is extremely simple. Some startups, like Tumbler.io, make the use of a blender so easy that the whole process is accomplished within just a few clicks.
The basic process of using a tumbler is like so:
- Start an order at Tumbler.io by specifying a new wallet address where the mixer will deposit your BTC.
- Receive a one-time unique deposit address, and make your deposit within 24 hours.
- After making your deposit, wait several confirmations for the deposit to succeed, then wait additional confirmations for the blender to work its magic and send the anonymized BTC to your new wallet address.
- Receive anonymous bitcoin in your new wallet – success!
How does a bitcoin mixer work? Well, that’s simple as well.
In a nutshell, a BTC mixer is like a pool of coins. Inside this pool is a reserve of BTC from verified origins. By verified, what is meant is that the BTC in the pool has itself been anonymized, so that there is no risk of receiving traceable BTC.
When you submit your order, the BTC you deposit goes into the back end of this reserve pool, and your new BTC are issued from the front end. Additionally, after the mix is completed, you’ll receive a code that you can use upon subsequent mixes to ensure that you never receive your old coins back again.
Should you mix more than once? The answer is definitely yes.
For best results, always mix your BTC
Using a bitcoin tumbler is not a “one and done” solution. Every time you receive new BTC, it is vital for you to run it through the tumbler.
If you’ve ever used a water filter, the principle is the same. You filter water, then put it in a filtered water container. When you add more water to the container, you filter it, right? That way everything stays clean.
Same thing goes for your bitcoin wallet. All of your BTC should be filtered (or blended) to remain anonymous. So, when you add new BTC to the mix, always run it through a tumbler first.
A best practice tip in this regard is to have a different wallet address where you receive potentially traced bitcoin. Once deposited, you can then send it through Tumbler.io bitcoin mixer, then onto your approved wallet address.
This multi-step filtration process keeps your important wallet safe since it has no connection to any wallet with traceable BTC. Therefore, even if a blockchain analyst or hacker encounters your anonymous wallet, they won’t be able to make heads or tails out of it.
All they can do is look – and there’s no harm in that.
Disclaimer: This article is not intended to provide financial advice or promote the use of Bitcoin and other cryptocurrencies. Its main purpose is to inform, explain, and educate. Readers must make their own decisions regarding the use of such services.