Topic: Wetin bitcoin mixer be (Read 102 times)

E go hard for person way dey this forum, way dey put eye for ground well to say e never come across mixers or know warin them be. At most we fit say, plenty people no dey use am or never use am but, if you dey very concerned about your privacy, you go reason use mixers. For the plenty campaigns way dey the forum, na mixers wella and gambling campaigns.

Well, mixers dey help wella in tightening loosed ends but, there are rules yo using them as well. People way dey watch dey very observant on inputs and outputs and so, if you dey run a your transactions at once, person go still suspect say na watin you do by the volume noted.
Just sma tricks like that but using mixers na good idea if you wan dey very private on your transactions.

Absolutely correct sir. No doubt mixers are good at mixing bitcoin and keeping them out of trace for personal safety and security. Most bitcoin holders do this so that people do not see the volume of their assets and funds as they  have it as their store of value. This invariably means that they would need to protect their assets from public view and letting no one know much about their transactions wallets holding such funds as the case may be.

You are correct, but I guess this is what you mean:

Mixers are good at mixing transactions bitcoin and keeping them out of trace.

Mixers are good at mixing transactions and keeping them out of trace. It guarantees your privacy while moving your Bitcoin out from your wallet to another if you do not want your wallet to be monitored by anybody. Your safety is also guaranteed. There are lots of mixers out there which you can try yomix if you want to. It guarantees your privacy as the case may be.

It can take less than 48 hours or more than 48 hours. It also depends on how the mixer works. You may even be able to set the time yourself ranging from 0 hours to days or weeks. The longer the time set, the better it is. You can also be able to set more than one address to receive the mixed coin.

Privacy is the paramount role of a mixer. And add it to weti my colleague as said, and my own understanding of mixer. Mixer is the turning of coins among users. Examples:  A sends coins to a mixer and provided two addresses. One for sending the coins and the other to receive back the coins from the mixer company. So the one wey im go received the coins is the B Address which is own by the same person. So after sending the coins from the A address to the mixer and he would also send the B address to receive the coins back within 48 hours. This is the privacy of using mixer

But some people use mixer to avoid tracking, because in mixer there are different addresses received mixed coins at a time. So if you are tracing it.

If your transaction is known and tracked but using Tor with it and not linked to your real identity, that is anonymity. But if you send the coin that is tracked to a mixer like Whirlwind and you mix it, that is no more anonymity as you want to achieve privacy. That is privacy. Mixers are used for privacy reasons.

You can always use Tor instead of using IP address directly to connect to your noncustodial wallets. You can do that on computer. Orbot makes that possible on phone. But mixers are still very important to achieve privacy.

Tor for anonymity.

Mixers for privacy.

Let us take Boko Haram and bandits in Nigeria as examples. What are they using for survival? Is it not Naira and fiat in general? Another example are the people in public offices. What are they using for embezzlement? Is it not banks. Another example. Is naira not connected to money laundering? Money laundered are mixed with legit money, using legit businesses to make the public not to know. Fiat is more used for online criminal activities.

If some people use mixers for bad activities, it is what is related to money. There is nothing related to money that bad actors will not get involved. It is also worth knowing that mixers are not a disadvantage for good users. You used a reputed mixer and you will not be scammed. That is not a disadvantage because it helps people's privacy.

Bitcoin mixer no be new thing but some people never still hear about am as them new for the crypto space, wetin be bitcoin mixer.

Bitcoin mixer na one central hub (mixer service) wey they recieve bitcoins from different address together then mix am together before e go come distribute them to their respective destination. This mixer of a thing help people dey anonymous. As technology don improve, e dey possible to track Bitcoin transaction back to where e don start with their IP. Many person actually no like people monitor or know where the bitcoin they come from so them like they use mixer keep their privacy

If you know wan make people dey know your balance or waiting they your wallet, mixer naim them easily dey use.

Source : https://en.m.wikipedia.org/wiki/Cryptocurrency_tumbler.

As e get good side na so e still get small disadvantage, them don associate the mixer stuff with money laundry and some other illegal act.