Using mixing services breakdown the connection the Bitcoin sender’s and receiver’s address. Bitcoin mixers are solutions that help you rearrange your bitcoins by mixing them up while subdividing them further into distinct addresses, enabling users to guard their identity.
If an individual knows even one of your account addresses, it becomes easy for him to trace down many intricate details about your transaction history like your crypto exchange unit, your trades & even your worth. You can be hacked within minutes without even realizing it.
Crypto mixer services are safe to use if you want to protect your crypto assets by hiding your personal identity. Bitcoin mixer service assures to maintain your financial privacy, unlike various sites that claim to understand your privacy but often save your credentials in their database.
Most popular Bitcoin Mixers and Tumblers in 2023
Many people incorrectly refer to bitcoin as an “anonymous” currency, when in fact every transaction since it first launched has been recorded in a public ledger, known as the blockchain. In truth, bitcoin is only pseudo anonymous, or “pseudonymous” as some call it.
All bitcoin transactions can be traced back to the digital wallets that send and receive them. While a wallet’s owner doesn’t necessarily need to associate their name or other identifying information with a wallet, many do. And for those who don’t, you can be sure law enforcement, government agencies, and large corporations have a vested interest in drawing connections between bitcoin wallets and their real-life owners.
To actually send or spend bitcoin anonymously, you’ll need to cover your tracks by using a wallet that can’t be traced back to you. In order to deposit funds into this wallet without leaving a trace, you need to “mix” the bitcoin. You should use bitcoin mixers to anonymously send or spend bitcoin.