A bitcoin mixer should be understood as a service designed to anonymize actions on the Bitcoin Network, preventing their control.
A quality service contributes to the complete confidentiality of the data of the person who makes transactions, protecting it from hackers, scammers and government regulatory authorities. You can look at the reliable top Bitcoin mixers on https://thebestbitcoinmixers.com/bitcoin-mixer/.
How do they work
Bitcoin Mixer is an Internet portal or application that accepts a trader’s coins and mixes them with the coins of other experts. Mixing is carried out by adhering to the following algorithm:
- Dividing coins into many small parts.
- Mixing coins with different stocks of other traders.
- Sending the recipient the required amount of coins from a variety of parts that previously belonged to other specialists.
Such portals are especially common among people involved in illegal transactions and keeping their data completely confidential, protecting them from scammers and hackers.
Bitcoin mixers charge a certain amount for the services provided. As a rule, the fee is determined by several aspects – the deposit, the number of mixing rounds.
Types of Bitcoin Mixers
Today, Bitcoin mixers come in three variations:
- Centralized – the very first services that involve sending bitcoins by a client, paying a commission and receiving coins from another trader. The more users will participate in the exchange process, the more confidential the information remains.
- Peer-to-peer (P2P) – services that allow you to mix coins without intermediaries. The exchange is carried out using special services that allow several users to unite to perform a single task. Such a transaction is performed in several steps, based on the number of its participants.
- Smart contract – services based on notes confirming the use of your own deposit.
To choose a quality Bitcoin mixer, there are several aspects to consider. Firstly, special attention is paid to the reputation of the service, reviews of its activities. Secondly, it is important to build on the amount of the reserve. It is desirable that the server has an extensive mixing pool, which will allow mixing of coins, sticking to several parts.