If you are pretty familiar with virtual currency, then you might have heard about bitcoin mixer. With the rampant use of cryptocurrencies around the globe, people are becoming adamant about protecting their privacy when using crypto coins. Those who wish to acquire a higher level of security of privacy are now opting for coin mixers.
Why use a bitcoin mixer?
Just like everyone else, you may also be pretty curious as to how a coin mixer works and why do you need it for your crypto transactions. The thing is, virtual coins have become open sources considering that every transaction that you make is recorded on a blockchain technology. This basically means that anyone can have access to any of your transactions when you use crypto coins. Apparently, your name won’t appear on the screen, but it just gives you the chills how people can eventually trace a number to your identity. There isn’t just enough anonymity anymore. With heists being performed by technological geniuses aka hackers, you can never be too sure.
Who needs a bitcoin mixer?
There are actually a lot of people who are increasingly leaning towards the use of bitcoin mixers. If you have huge amounts of transactions and you do not want to be traced anytime just yet, then you may need to think about this one. Hackers often target companies and individuals that have prominent net worth so if you think you are one, then you better think twice now.
There are also some people who believe that crypto transactions should ideally be given utmost security and protection considering that the government and other facilities have the supposed platforms for tracking each and every transaction.
So, how does a bitcoin mixer works?
Basically, it works by mixing in your current cryptocurrency with a large number of other virtual coins. Thereafter, you will be sent a relatively smaller unit of cryptocurrency to any address that you choose with the total amount less 1-3 %. This percentage marks the bitcoin mixer company’s profit. There are actually a lot of coin mixing companies out there for you to choose from. The key here is to do your research and do the math.
If you want to achieve an increased level of security and anonymity in your cryptocurrency dealings, then you should seriously think about getting a reputable bitcoin mixer company to help you out in this area.