How to Choose a Bitcoin Mixer
A Bitcoin Mixer is a service that allows you to reclaim some of the privacy lost when you send your coins from one wallet to another. It works by taking in coins from a wide range of users and mixing them together in one or more transactions before returning the clean coins back to their original owners. This makes it difficult for a blockchain analysis tool like Chainalysis to work out which bitcoins originally belonged to which people.
Some people use these services because they have received bitcoin from a person or exchange that has been KYC’ed and they want to make their new cryptocurrency anonymous again. Other people simply value their financial privacy and want to protect their savings, investments or as a means of payment for goods and services.
When choosing a Bitcoin mixer it is important to look for a number of key features. First and foremost it is essential that the mixer does not retain any logs or user-related data after a transaction has been completed. This ensures that there is no trace left behind that can be used to link your transaction to your identity.
Secondly, it is important to look for a mixer that supports multiple output addresses. This allows you to have the cleaned bitcoins returned to different addresses, further complicating the process of linking the coins back to their original owner. Finally, it is also a good idea to find a Bitcoin mixer that has a high level of encryption and randomized transaction delays, further protecting your privacy and anonymity. Bitcoin Mixer