Bitcoin mixers can be expensive or cheap, keep transaction history or not, and support only English or multiple languages. Each platform itself sets the amount of commission for mixing transactions and possible limits on the volume of funds turnover.
The principle of service functionality
The main task of the Bitcoin mixer is to make any transfer confidential, breaking the slightest connection with the person who owns the coins. The principle of operation of such resources is that each participant seeks to clear their coins and transfers them to the service where the mixing process will be carried out. The coins received by the application are crushed into small pieces, after which these shares are randomly mixed with those received from other participants. Upon completing the process, each user will receive an amount equivalent to their contribution (minus the commission fee) already in “clean” bitcoins. Users returned the deposited money from a wallet that has nothing to do with the original sending address, which contributes to breaking any connection between the participant’s identity and his coins.
The most popular services
Many different Bitcoin mixers are available on the market, each with unique features and capabilities. Here are some of the most popular coin mixers:
- YoMix
The platform is one of the most established mixers. It is a mixer that offers fast and reliable mixing with high security. It also provides many different mixing mechanisms to suit the needs of other users.
- CoinJoin
It is an open-source coin mixer that allows users to mix their funds with others in a decentralized manner.
- io
It is a popular coin mixer that offers many mixing options, including mixing with other users or mixing with the coin mixer’s facilities.
