Best Bitcoin Mixer | Best Bitcoin Tumbler | ChipMixer
What is Bitcoin & Bitcoin Mixer or Bitcoin Tumbler and How it Works
There is a common misconception that Bitcoin is an anonymous currency. Many media outlets like to harp on the anonymity of Bitcoin as an “untraceable” transaction protocol. This is wholly incorrect, because of the Bitcoin’s most useful addition to technology: The Blockchain. Since the Blockchain is a distributed public ledger, any information that is associated with a transaction can like that information to that wallet and transaction. This means Bitcoin Mixer is one of the most transparent ways of doing business, not necessarily private at all.
Best Bitcoin Mixer and Best Bitcoin Tumbler
Since many Bitcoin users may be looking to keep their online transactions a bit more private, various mixing services have arisen to fill that demand.
In essence, a Bitcoin Mixing Service mixes the funds of its users together and returns them in an effort to confuse any Blockchain analysts or software from associating those coins with various user data. This is not unlike individuals moving their fiat currencies through countries that have stricter bank secrecy laws than the country they currently live in, specifically the Cayman Islands, Panama, and the Bahamas.
Best Bitcoin Mixer have to stay ahead of analysts if they want to keep their service relevant. Also, with a pool of Bitcoin and potentially many users who want to launder any tainted coins, it can be kind of a gamble for the clean user who just wants more privacy. If you get tainted coins, they can be tracked to you.
Why Choose ChipMixer?
Full control over mixing
More random than predefined mixing procedure
Outputs are fungible
Each chip is exactly the same
Outputs can be used instantly
You withdraw private keys
Optional provably-fair gaming
Mixer's output may be higher than input
Outputs are faster than inputs
From blockchain perspective, you spend them before sending to mixer
Merge small chips into big ones
First mixer that allows you to merge inputs privately
No Accounts, no bitcodes
No link between your sessions
Signed source of funds
You get receipt of receiving funds from us
We wait 7 days for your deposit
You may extend that time
Who is the Best Bitcoin Mixer?
ChipMixer is looking to fundamentally change the way Coin Mixers work to give users better access to privacy. Right now, they do not take any commission either. Their set up kind of looks like this.
Bitcoin addresses have been made containing predetermined amounts of Bitcoin in them. These addresses have been funded before any user deposits their Bitcoin to ensure maximum privacy. The user deposits their Bitcoin into the service and they receive their chips as a receipt of their amount.
In an effort to further mix the -now- chips the user has, ChipMixer who are the Best Bitcoin Mixer lets users split and merge the chips they have. This adds an additional layer of random complexity. As does some of their other features such as betting and donating.
This is not a casino, but the way this bit works is that users can bet an amount of chips and will either receive nothing or double that amount. This kind of acts like merging and splitting, but with a bit of fun involved. Donating also acts like merging and splitting, adding layers of complexity. This funds the Bitcoin Mixer itself since it does not charge any commission on transactions.
Withdrawing a user’s funds means that their chips will be removed from ChipMixer’s list and then they will receive a private key to sweep the address. Chip withdrawals are not visible on the blockchain, and can even appear as days before the initial deposits to add another privacy layer.
ChipMixer Best Bitcoin and Tumbler Mixer
ChipMixer, found online at ChipMixer.com.co, is an anonymization service catered to bitcoin users.
Many people believe that bitcoin is a fully anonymous currency, or that bitcoin payments are untraceable. In reality, bitcoin analysts can trace transactions back several “hops”, and even ban users for situations where their coins were used for illegal transactions 5+ hops back.
If you get so-called “tainted” coins, then those coins could be tracked to you, and you could be punished despite the fact you had nothing to do with the illegal activity. Many users have had their accounts frozen for precisely this reason.
Of course, other bitcoin users are using bitcoins for shady or illegal activities, and wish to use an anonymization service to avoid being tracked.
That’s why many people choose to use Best Bitcoin Mixer services. ChipMixer is one such mixing service. Using ChipMixer, you can make your bitcoin transactions more anonymous. ChipMixer is similar to other Bitcoin Mixing Services, but offers several unique innovations that could make it a popular option for bitcoin users.
ChipMixer launched on May 26, 2017.
How Does ChipMixer Work?
Similar to other Bitcoin Mixer services, ChipMixer mixes the funds of its users together, then returns them to users in an effort to confuse blockchain analysts or blockchain tracking software. When used properly, a Best Bitcoin Mixer service prevents blockchain analysts from associating coins with user data.
Many people compare mixing services like ChipMixer to banking services in countries like Panama, the Cayman Islands, and the Bahamas. Every day, people move their fiat currencies through banks in these countries because they have stricter secrecy laws. ChipMixer works in a similar way.
Specifically, ChipMixer works by utilizing a number of bitcoin wallets containing predetermined amounts of bitcoin. ChipMixer funds these addresses before users deposit bitcoin. Then, users send money to ChipMixer, and users receive chips of bitcoins as a receipt of their deposit.
To anonymize the service even further, ChipMixer lets users split and merge any chips they have. This adds an additional layer of random complexity. For an even further layer, ChipMixer lets users bet and donate chips.
ChipMixer lets users bet chips – but it’s not a casino. Instead, users can bet a certain number of chips, then receive either nothing or double that amount. It works in a similar way to merging and splitting, but with an extra bit of fun involved.
Using these methods, your inputs and outputs won’t always match, which is why ChipMixer provides an additional layer of anonymity. Due to betting, the amount you put into ChipMixer may not always be the same as the amount you take out.
Donating also works like merging and splitting. It adds additional layers of complexity to the operation. Donating funds the mixer itself, and does not require any commissions on transactions. Aside from voluntary donations, there are no fees involved with ChipMixer.
When a user withdraws funds, it means their chips are removed from ChipMixer’s list. Then, they receive a private key to sweep the address. Chip withdrawals cannot be viewed on the blockchain.
Ultimately, ChipMixer has chips in all different sizes, including 0.001 BTC, 0.002 BTC, 0.004 BTC, and so on until you reach 4.096 BTC. If you deposit 0.112 BTC, you’ll receive 0.064 + 0.032 + 0.016 BTC.
Since each chip was funded before your deposit, there’s no link between your chips and your deposit on the blockchain. Yes, your deposit is viewable, but the chips you received in exchange for your deposit cannot be traced back to you.
The reason ChipMixer uses chip sizes of 0.001 BTC, 0.004 BTC, etc. is to make them easy to split and merge. If you had a chip of 1 BTC and split it, then your minimal chip would be 0.015625 BTC, which would make the process more complicated.
What are the Benefits of Choosing ChipMixer The Best Bitcoin & Tumbler Mixer
ChipMixer promises a number of benefits over other mixing services. Some of the benefits include:
Full control over mixing, including deciding if you want to bet and donate your chips or use them as-is; this makes the process more random and thus, harder to trace
Fungible outputs (every chip is exactly the same)
Outputs are faster than inputs; from the blockchain’s perspective, you spend your bitcoins before sending them to a mixer, which makes them difficult to trace
Output may be higher or lower than your input because of optional betting, which makes transactions even harder to trace
Use multiple small inputs to merge into one big input off the blockchain; you can pay for a larger purchase using many smaller chips, for example, for further anonymity
ChipMixer waits 48 hours by default for your input transaction, although they can wait even longer on request
Outputs can be used instantly; you receive a private key immediately and you can set your own miner’s fee
There’s no fee; it’s a donation only service, and you can pay as much as you want