Before the evolution of technology, people would carry huge cash cases when going to do business transactions. Today, numerous forms of payments do not include any liquid cash. The formation of cryptocurrencies has taken the world to a different and new level since people can transact without any cash but with digital currency. One of these currencies is Bitcoin.
Bitcoin is a cryptocurrency that was invented in 2008 and started its functionality in 2009. Bitcoin has gained a lot of popularity over the years. Many countries have continued to accept it as a form of currency. You are wondering what happens to countries without Bitcoin legalization. That is where the Bitcoin mixers or tumblers comes in. The Bitcoin or crypto tumbler is a system that mixes the coins such that nobody over the internet can identify the coin’s origin. It takes units of the Bitcoins, mixes them, and returns them clean less the transaction fee.
Benefits of using the Bitcoin Mixer
- Privacy protection
Essentially, every blockchain transaction you make as a trader can be traced back to your account by other people on the web. Bitcoin mixers such as Coinomize help people who own Bitcoins clean their coins so that no one tracks the transaction back to their wallets. Are you wondering how that is possible? This is how?
The Coinomize platform can collect Bitcoins from up to five BTC addresses into one account, shuffle them and remit them without a trace of which coins were from whom. This means that even when you are trading with Bitcoins in a country where they are not yet approved, the coins can neither be traced back to you or your IP address exposed.
- Identity hiding
You don’t want to give your personal information to everybody out there. If you send your Bitcoins without mixing them, be assured that the transaction can be traced back to your address. Mixing your coins gives you clean coins in a new address where you can confidently send them as an anonymous.
Bitcoin mixer platforms such as Coinomize will not let other people see your personal information. The platforms will allow you to delete the transaction you have done. Even if you don’t delete, the website automatically deletes the information for you such that there is nobody that will find out that you were on the site.
If you are a Bitcoin fan and plan to use them as a form of currency in your transactions, make sure that you have passed them through a Bitcoin mixer or a cryptocurrency tumbler. That way, you will have protected your identity, and nobody can trace back the coins to your account. Cryptocurrencies are still grey areas in most countries. To be on the safe side, mix or tumble your Bitcoins before use.