The importance of using a bitcoin tumbler
Did you know that when you use cryptocurrency like bitcoin for transactions, the transactions are not as anonymous as they claim to be? As opposed to what was previously marketed, transactions using blockchain technology and bitcoin are traceable. This is because there is a detectable trail for every transaction that occurs using bitcoin. However, we can overemphasize the good use of blockchain technology and virtual currencies like bitcoin are doing regarding transactions.
When bitcoin was first introduced, financial institutions and governments in the world were against it because transactions using virtual currency were advertised to be anonymous and untraceable. They have since changed their tune as use of these digital currencies are public making them taxable and non-anonymous.
With this development, users of bitcoin are put in an uncomfortable position because on one hand, there are numerous advantages of using bitcoin but on the other hand, the fact that regulations can be put on them is a cause for concern. So how do you retain the anonymity of your bitcoin? You can do this by using Tumbler.io’s bitcoin tumbler as it helps give your bitcoin assets a cloak of anonymity.
How to use a bitcoin tumbler
With the use of a bitcoin mixer, you will be able to take bitcoin that is traceable and drive out an untraceable one in its place instead. It is very easy to detect the movement of bitcoin from wallet to wallet because of the public nature of blockchain and digital currencies. Even though a trail of transactions cannot be linked to a specific group or persons, the bitcoin had originated somewhere. On the bitcoin blockchain, the first operation acts as your origin and the succeeding transactions can be followed and adequately traced.
One of the selling points of bitcoin blockchain was its anonymity feature, so quite a lot of bitcoin users would love to retain this feature for many reasons. One of which is safety of assets – there are a lot of online fraudsters always on the lookout for victims to prey on. With the introduction of tax protocols on virtual assets, the best plan of action is to go private using a good bitcoin mixer. One trusted bitcoin tumbler is Tumbler.io, as it helps keep your digital asset private and safe.
Steps to using a bitcoin tumbler
Using a bitcoin mixer is very easy – all you need is bitcoin in wallet that owner the keys to. The next thing is to go to Tumbler.io and keep an eye on the steps highlighted below.
- You need to download a reliable VPN
- Once you’ve done this, use the one-time address provided to deposit your bitcoin
- You must remember that this address is only open for 24 hours -- it can be used for just one deposit. The one-time address will become invalid as soon as the 24-hour window closes.
- A unique code would be given to you during the process of depositing. This code will guarantee that you will receive untraceable bitcoin, which is why you should take note and jot it down.
- Once the service completes, you can send the untraceable bitcoins
- Tumbler.io always gives an expected time of arrival, which is usually precise
- Once you receive the untraceable bitcoin, you can perform as many transactions as you want without fear of spiteful individuals or regulations.
How safe is bitcoin tumbling
One thing you can be assured of when using Tumbler.io is the safety of your bitcoin. The developers behind this technology understand the sensitivity involved, and they ensure that no sensitive user information is collected. The information collected regarding the service offered is destroyed after 24 hours – this shows just how secure the service is. If you run into any issues, the support staff are always available to help you.
Tumbler.io boasts of being the best bitcoin mixing service, which is why all coins that you receive are untraceable and private. As stated earlier, there is a unique code that customers receive with every order to prove to them that their coins are untraceable. Safety is the watchword with bitcoin tumbling which is why a one-time address is given to customers. This address has a 24-hour window, and once the period elapses, any bitcoin will be sent back by the service.
Tumbler.io makes use of a pool of verified bitcoins to convert them into undetectable coins. As a customer, you do not have to stress yourself at all as Tumbler.io does all the work for you. The service takes care of the bitcoin tumbling process. One further step this bitcoin tumbling service does to ensure the safety of your digital asset is by making customers use a reliable VPN. This VPN service gives an extra privacy layer to the entire tumbling process.
More users of bitcoin should use a bitcoin mixer
More bitcoin users should make use of a bitcoin mixer as it protects them from a number of things. Most users are not making use of mixers due to a number of reasons – complacency, lack of understanding of the federal regulations on digital assets, and lack of understanding of the repercussion of said regulations. bitcoin users need to be very vigilant and aware of these regulations.
Authorities have been looking for ways to regulate and tax digital assets and they have found a way – this means that users need to stay ahead of these regulators. A good way to do this is by using Tumbler.io’s mixing service. When you use this service, all your transactions will be private and untraceable, meaning that your assets will be safe from the tax burden.
As stated earlier, bitcoin is not as untraceable as formerly advertised, and with this discovery, governments in different parts of the world want to start regulating digital assets. The only way to protect yourself from this regulation is to make use of a bitcoin mixer.
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.