Anonymity in this case is necessary only for scammers.
mixer - a useful thing if bitcoin is banned in your country. In the future, the need for a mixer will disappear, since the crypto currency will become legal
Topic: What is the use of bitcoin mixer? (Read 235 times)
Good mixing Bitcoin by BitcoinMixer works by sending your coins to the secure bitcoinmixer pool, and then your coins are mixed with someone else's coins.
I am in the crypto currency investment since 2017,I uses electrum wallet for storing the bitcoin but I want to know why the people using bitcoin mixers is this to make anonymous transactions? Just help me to understand it clearly.
*please move this topic to the right section if I posted in wrong board!
*please move this topic to the right section if I posted in wrong board!
Mixers will provide you with a certain amount of privacy, by mixing your coins with other coins previously sent or in their reserve and sending different coins to the address you specify. When looking at the blockchain, one will be able to see you sent your coins to a wallet. And that someone sent coins to the wallet you want them sent, there will be no connection between your wallet address and the one where you want your crypto delivered.
Because we will get the freedom to transact anonymously on blockchain. Mixing Bitcoin by BitcoinMixer works by sending your coins to the secure bitcoinmixer pool, and then your coins are mixed with someone else's coins. You will receive coins from a wallet that is not related to you, thus severing the connection between the old and new wallets.
I am in the crypto currency investment since 2017,I uses electrum wallet for storing the bitcoin but I want to know why the people using bitcoin mixers is this to make anonymous transactions? Just help me to understand it clearly.
*please move this topic to the right section if I posted in wrong board!
*please move this topic to the right section if I posted in wrong board!
People mainly use it for more privacy. To state the obvious, if you send a btc from one address to another, it can easily be tracked. Mixing or tumbling coins means you get the btc from a clean address. Also, mixing can be used to "clean" your coins. I do this when my btc comes from a gambling site then I want to clean the btc so it will not be traced to be from a gamvking site because my local wallet does not allow storing coins that comes from gambling.
one of the usages of a bitcoin mixer that the regular users use is to gain more privacy.
for instance you are already in a signature campaign and are getting paid bitcoin. your account and your IP address are tied to your bitcoin address and the amount of bitcoin you own. you may have even revealed more information about yourself on this forum. now imagine you buy some more bitcoin and want to eventually keep all your funds in one address for ease of use like inside one paper wallet and store it away. most people don't want to link things with the total bitcoin they own publicly so they use a mixer to break that link and gain back their privacy.
for instance you are already in a signature campaign and are getting paid bitcoin. your account and your IP address are tied to your bitcoin address and the amount of bitcoin you own. you may have even revealed more information about yourself on this forum. now imagine you buy some more bitcoin and want to eventually keep all your funds in one address for ease of use like inside one paper wallet and store it away. most people don't want to link things with the total bitcoin they own publicly so they use a mixer to break that link and gain back their privacy.
I am in the crypto currency investment since 2017,I uses electrum wallet for storing the bitcoin but I want to know why the people using bitcoin mixers is this to make anonymous transactions? Just help me to understand it clearly.
The purpose of mixer is to ensure that the origin and the destination cannot be traced by the anyone. Transactions aren't really made anonymous through this but it makes it difficult for people to trace the coins back to the origin, without sophisticated analysis (if the mixer isn't good). Some people use it to circumvent certain restrictions tied to their online wallet (eg. Coinbase restricts transactions from gambling sites). If you want to try a mixer, try Chipmixer. It's pretty reliable from my personal experience.
I am in the crypto currency investment since 2017,I uses electrum wallet for storing the bitcoin but I want to know why the people using bitcoin mixers is this to make anonymous transactions? Just help me to understand it clearly.
The purpose of mixer is to ensure that the origin and the destination cannot be traced by the anyone. Transactions aren't really made anonymous through this but it makes it difficult for people to trace the coins back to the origin, without sophisticated analysis (if the mixer isn't good). Some people use it to circumvent certain restrictions tied to their online wallet (eg. Coinbase restricts transactions from gambling sites). If you want to try a mixer, try Chipmixer. It's pretty reliable from my personal experience.
it is what it is. it is said that btc is untraceable but its really not. mixers mix the coins so it won't be traceable, i haven't tried it ever since time but mixers have been used by bitcoin users and you can guess why they don't want to be traced. whatever they are hiding, its all up to them. people value privacy so much that mixers cease to exist for them.
Awesome response. In addition I would like to leave some guide on how the mixing works so that the OP gets a good idea about why and how this mixing stuffs introduced.OP please have a read....
A Simple Guide To Effectively And Safely Mixing Bitcoins
WHAT IS A COIN MIXER?
Good luck
it is what it is. it is said that btc is untraceable but its really not. mixers mix the coins so it won't be traceable, i haven't tried it ever since time but mixers have been used by bitcoin users and you can guess why they don't want to be traced. whatever they are hiding, its all up to them. people value privacy so much that mixers cease to exist for them.
I am in the crypto currency investment since 2017,I uses electrum wallet for storing the bitcoin but I want to know why the people using bitcoin mixers is this to make anonymous transactions? Just help me to understand it clearly.
*please move this topic to the right section if I posted in wrong board!
*please move this topic to the right section if I posted in wrong board!
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