For a long time, Bitcoin was considered a tool for criminals and money launderers. Bitcoin gained this reputation first and foremost through its first major application, the dark net platform “Silkroad”. This was an online black market and the first modern dark net market, released in 2011, which was notorious for selling illegal goods. Payments were often made in the supposedly anonymous cryptocurrency Bitcoin (BTC).

A few years later, however, the majority of Bitcoin owners are average users and traders. People using Bitcoin as an investment asset and for p2p payments, they are probably aware that the leading cryptocurrency by market capital is merely pseudo-anonymous. In principle, each Bitcoin transaction on the public blockchain can be traced by a blockchain explorer. Which means that third-parties can track your wealth.

Although the blockchain initially only shows the value of the transaction, the sender and receiver address, and the amount of Bitcoin lying on the address, without providing personal data and information about who owns the address. However, as user’s personal data is often required on exchanges like Binance and Coinbase that are obligated to do a KYC procedure, Bitcoin blockchain addresses can easily be linked to personal data by hackers, for example. Database leaks and hacks become a significant problem in recent years, that is why privacy matters.

With a little detective work, both sender and recipient, as well as all transactions can be traced. Bitcoin owners who do not want to switch to a privacy coin like Monero (XMR) or Zcash (ZEC) because they want to benefit from the above-average price developments of Bitcoin (BTC) must therefore look for another solution to protect their fundamental right to privacy.

As often portrayed by the mainstream media, this has nothing to do with illegal activities, but is a right that is guaranteed in over 150 national constitutions worldwide. That is why Bitcoin users should therefore take additional measures to protect their privacy.

Bitcoin mixers can create the desired anonymity 

Bitcoin Mixers are programs offered by various vendors that allow you to erase the traces on the blockchain and thus enable anonymous transactions that cannot be traced by anyone. Simply put, Bitcoin mixers are solutions that allow users to mix their coins with other users to protect their coins.

The service ensures that the connection between a wallet address that sends the Bitcoins and the wallet address that receives the Bitcoins is broken. Thus, Bitcoin mixers enable Bitcoin users to achieve the desired anonymity. In other words, the mixing of Bitcoin ensures that users receive their purchased BTC but that they are separated from their identity. A good address for mixing is BitcoinMix. As the name already suggests, the platform mixes the Bitcoin transactions of its users.

Specifically, BitcoinMix takes the transactions of its customers, mixes the wallet affiliations and sends the Bitcoins to a desired pay-out address. The platform ensures that users never receive the same Bitcoins back. Furthermore, the analysis of the blockchain does not result in any subsequent connections to a Bitcoin mixer. The transactions look like “normal” transfers to a “normal” wallet address.

In addition to mixing BTC, the platform also mixes LTC and ETH, ensuring privacy for three of the most popular cryptocurrencies. Using the service is very simple: Users simply enter their destination address and drag the slider to select the mixing time. The longer the time frame, the higher the level of anonymity. BitcoinMix charges a 2-5% fee for the service.

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