A bitcoin mixer or bitcoin tumbler is an external service that can obfuscate the data linking you to bitcoin transfers.
Bitcoin mixing is extremely beneficial for those who want to regain complete privacy of their transactions and funds because it makes count tracing impossible.
Bitcoin mixers or bitcoin tumblers have become a necessity, as many cryptocurrency exchanges and platforms require personal documents to prove identity. The use of these services has taken away the core feature that made blockchain technology so famous in the first place — privacy.
With the complete and transparent records of all transactions being easily available online to anyone who cares to investigate them, one can easily trace your name to an amount of crypto you own. It’s not about hiding your identity or crypto portfolio. However, it comes to that too.
By now, it’s no secret that governmental organizations are tracking down bitcoin users.