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In simple words, a Bitcoin mixer is a site that provides "mixing" of transactions and reduces the likelihood of tracking the owner. Its drink is aimed at increasing anonymity when conducting transactions with the BTC cryptocurrency.

Detailed poop about Bitcoin mixers

Why bring into play mixers

When transferring the Bitcoin cryptocurrency, the owner of the coins does not undertake personal observations, objective and other parameters, which ensures appearing anonymity. But the anaemic details of the system is the blockchain, which is an inaugurate database that stores facts close to completed transactions with Bitcoin. .

Bitcoin mixers are designed to apply oneself to this shortcoming. Anonymization occurs due to the splitting of the gumshoe into niggardly components, followed via mixing coins with parts of transactions of other users. As a development, Bitcoin enters the notecase in cheap batches and from different sources, which allows you to mix up the traces and make little the imperil of identifying an individual.

What are the mixers

Bitcoin mixer sites are conventionally divided into two groups. According to the principle of mix, they are:

1. Centralized. The customer transfers the cryptocurrency, pays the commission, and the specified notecase receives coins from another личность, but in the after all is said amount. The confidentiality of the affair depends on the number of users and the amount of Bitcoin used in the shuffle. Sites operating on a centralized underpinning are not in grand demand. The confidentiality of clients directly depends on the professionalism of the milieu owners.

2. Peer-to-peer. Bitcoin transactions receive bring down straight away without the involvement of a third party. This advance reduces the strong of poaching virtual moolah and identifying the owner. When conducting a proceeding, extraordinary protocols are occupied that consent to a handful owners of Bitcoin wallets to fit together and carry broken unified running with BTC in diverse approaches. Confidentiality is ensured by the fact that the participants in the affair do not secure any information around the other party. The bitcoin mixer does the job.

Peer-to-peer mixers are in higher insist on suitable to efficient mixing and improved sharing take part in anonymity.

How to make use of a mixer: how it works

The method of anonymization depends on the species of mixers for the Bitcoin cryptocurrency. Let's over each of the options.

Centralized services work according to the following algorithm:

Sending BTC coins.

Payment of a certain commission.

Splitting the unqualified amount into small components.

Unspecified allotment to the vaults created via the open site. The craftswoman is performed joined or more times to bewilder the traces.

Sending the claimed amount to the applicant's pocketbook address.

When using such a Bitcoin mixer, you fundamental to be convinced of its shelter and honesty of the owners. The usability of centralized services for mixing has a figure of risks: capital can be stolen near the creators of the platform, there is a potentiality of hacking by hackers, and no bromide guarantees that operations desire not be controlled.