Explore the crucial role of bitcoin mixers for cryptocurrency anonymity
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.
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!).
A bitcoin mixer is a direct and simple solution to making sure you don’t lose the wealth you’ve spent so much time, money, and labor developing. Maybe you were an early investor in bitcoin – if so, congratulations. Now, shouldn’t you keep that wealth locked up tight?
All a bitcoin tumbler does is give you the freedom to use bitcoin the way Satoshi Nakamoto intended – free of worry regarding the watchful eyes of authorities, bankers, and hackers.
The amount of traceable personal data given away for free by cryptocurrency users is astounding. On a per click basis, the best crypto exchanges such as Binance, Gemini, Coinbase, and Huobi are taking your sensitive data, then passing them onto third part
In a nutshell, as the digital currency market is evolving and rapidly gaining global acceptance, it wont be out of place if investors consider fund security management a non-negotiable priority.
It is important to understand the importance of anonymously using bitcoin. Otherwise, there is a likelihood that your identity may be discovered and your bitcoin transaction records may be available for all to view.
The blockchain technology is publicly available, the transaction trail when transferring bitcoin across wallets can be accessed easily. Although there is no direct connection to a person or group, the source of the bitcoin must have been through a bank account.