Explore the crucial role of bitcoin mixers for cryptocurrency anonymity

Like your bitcoin balance? Secure it today with a bitcoin mixer

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.

The functionality of bitcoin mixers

Bitcoin mixer are a tool developed by institutions that seek to help eradicate the daily theft and identity reveal of coin owners. They are services which provide means through which users claim or withdraw bitcoins anonymously. Bitcoin mixers or tumblers were mostly introduced by the service companies to bypass the routines that most cyber-criminals and regulators take in tracking down users.

Does a bitcoin tumbler make bitcoin a true store of value?

A bitcoin tumbler is a simple tool designed to anonymize your bitcoin. What this means, in effect, is that your old wallet that is full of transaction history is left behind for a new wallet without any discernible connection between the two.

The importance of using a bitcoin tumbler boasts of being the best bitcoin mixing service, which is why all coins that you receive are untraceable and private.

The diverse ways of using bitcoin anonymously

The bitcoin mixer, which can also be referred to as bitcoin tumbler, is another guaranteed way of carrying out your transactions anonymously. Knowing that the bitcoin service uses a public address to maintain their level of transparency, it means your transactions are also made public.

The different ways you can anonymously send bitcoin

While the blockchain technology is safe and secured as earlier stated, some bitcoin traders might still crave anonymity and secrecy when sending and receiving bitcoins online. This craving is quite understandable as there are so many benefits attached to transacting with bitcoins anonymously.

Keys to bitcoin safety using a bitcoin tumbler

Times have changed. Recent advances in blockchain analytics mean firms such as Chainalysis have powerful ways of gathering intelligence to determine who you are, and what you own on the blockchain. They feed this data over to the highest paying customer.

Blockchain doesn’t have your back, but a bitcoin mixer does

The crypto world is full of bad actors. Not trying to scare you, but it’s true. If you don’t know that by now, then you must be new here (which is OK, welcome!).