People who deal in Bitcoin and are aware of its blockchain know it is a public ledger. And here, you can access almost every transaction and wallet address. But the real-time identities of each wallet holder get hidden. But not completely.
If you look deeply, you will find that there are specific processes for uncovering the wallet holders’ names. It is the reason why the blockchain addresses are called pseudonymous instead of anonymous. The requirement for privacy has increased the Bitcoin mixer, also called the tumblers. You must keep reading this article to know what it is and how it works. That way, you will learn how to hide financial transactions and identities. Else a scammer might frame you, and you will never know how and when and end up losing your cash.
- Why should crypto users opt-in for a Bitcoin cleaner or mixer?
For the uninitiated, a primary Bitcoin transaction happens when a user sends coins stored in their crypto wallet to any other wallet. Any other person can open the Bitcoin explorer and key in the wallet details to know the coins’ source and the amount. And by resorting to advanced tools, it is possible to know the real-time data about a person who owns the wallet address. That means the transactions can get traced.
We know what you are thinking! It’s, after all, not that private. That means the Bitcoin transactions are not concealed. And while that can be a significant selling point of this crypto, it also can act as a problem. Some users might not want others to keep track of their details and transactions.
People who wish to exercise privacy and not let the world or any other third-party hacker know about their financial and personal details can say yes to a Bitcoin tumbler.
- The Bitcoin mixers – Getting a grasp of it
By now, you must have heard of the term Bitcoin mixer or the crypto mixer, but you need to figure out what it is or how it works. Simply put, it is software or even a service that accepts Bitcoin or cryptocurrency from various users and blends them so that they can recognize the amount sent by the user. It can send multiple Bitcoins to the intended destinations.
When you wish to view such transactions on explorer, chances are you will locate the address of the recipient mixer rather than the Bitcoin address. And just in case you typed the recipient’s address and checked the source, you will get the address of the tumbler. It is known as the mixer, as it can mix coins from various holders to the extent that one can’t trace the address of the original wallet. Therefore, when you resort to this solution, you can send the Bitcoin and even receive it while staying anonymous. And such anonymous transactions come with a fee. For specific tumblers, users should pay a certain service fee.
- Can you attain anonymity through UniJoin.io?
UniJoin.io has concentrated on making the entire method of gaining anonymity very easy. That way, the new investors can resort to the services within a few steps, such as:
- Key in the address of the concerned recipient
- Add the preferred amount of distributions and time delays
- Say yes to the terms of acceptance and also download the letter of guarantee
After that, you can send the Bitcoins. You can mix the Bitcoins, which will be distributed to the recipient’s address.
It is essential to know about the fees in UniJoin so that you stay adequately prepared. Since securing user privacy is high on the list, the brand does have an introductory price for every mixing that the customers ask for. The fee is usually between 1 to 3%. It makes it complex for any other person to keep track of the transaction. That means you can completely stay free of any third-party intervention and attacks.
- Are the users entirely secure in joining the Bitcoin mixer trend?
It is one of the most asked questions, considering the trend of coin mixing is gaining great mileage. The leading names in crypto mixer services like UniJoin ensure complete privacy and anonymity in the following steps:
- There is a specific encryption link that helps people to attain the desired anonymity when they are browsing the website.
- The logs are retained till such time it is necessary technically. Also, the moment the mixing order gets completed, the details concerning the order are permanently and instantly deleted.
- There is a letter of guarantee for every mixing order for people to prove that there was a mixing order as they have the support requests.
- There is a set time delay and the amount distribution specifically to give the users more anonymity.
Today, several Bitcoin mixers are functional and have the best technology to do the job effectively. Other than the mixing service, people often ask about other features that can benefit them. Besides the coin mixing service, the leading names provide a referral program to the users, enabling them to get a side income. It is possible to urge people to use a specific coin mixing service and attain a special commission for each mixing order they carry out. Generally, the commission varies from 10 to 15% and gets paid for the entire life. On the other hand, when a user wishes to keep the referral program private for the users, they can generate the commission with a four-decimal number, not allowing others to cross-evaluate and keep track of it all.
Finally, one of the best benefits of using the Bitcoin mixing service is to have improved privacy of the transactions and maximum anonymity. With the right mixer, you can successfully transact without divulging your identity! It will help you have a low profile when dealing with cryptocurrency. Therefore, it is the primary reason that most people who wish to use cryptocurrency want to understand the Bitcoin mixer and use it to ensure that they have a safe and secure transaction.