Cryptocurrency tumbler is often referred to as bitcoin mixing or bitcoin laundering. It is a service to break the link between cryptocurrency sending and receiving addresses. This primarily increases the anonymity of the source of cryptocurrency (Bitcoin).
Concept of Cryptocurrency Tumbler
The basic concept of cryptocurrency tumbler is similar to that of traditional money laundering. The layering of funds within the trusts or maintaining off-shore shell companies which are a major part of any financial business holds a resemblance to cryptocurrency tumbler.
Cryptocurrencies have been a revolutionary success in financial business because of many unique features like incredible anonymity, low transaction costs, quick confirmation of transactions, etc. But these awesome features come at a price. That is, every transaction is stored in a public journal and anyone with a copy of full blockchain (which is available for free), can have access to it.
To avoid this inconvenience bitcoin mixing comes handy. Bitcoin mixing helps you to disassociate any BTC you purchased using your identity. So cryptocurrency mixing companies will take your cash and distribute in the pool and randomly collect the cash from other persons in the pool and send them back to your new identity. The following are the most popular and reliable bitcoin mixing companies.
This serves as a bitcoin tumbler and also a cryptocurrency swapper, meaning you can receive a completely different cryptocurrency which enhances anonymity. Almost no logs or personal identity details of the transaction are maintained making it one the best medium of anonymous transactions.
- Bitcoin Blende
Bitcoin lender is one of the oldest and easiest Bitcoin mixers. It was launched in 2014 by an anonymous developer. It features a quick mix mode that allows users to clean Bitcoins without registering an account, thereby guaranteeing utmost security and privacy.