Although it is believed that Bitcoin is anonymous, during Bitcoin transactions, there is a public log of the details associated with the transaction, including the wallet’s address, the destination address, and the user’s identity. This pseudo-anonymity increases the risk of cyber crimes. BestMixer.io is a service that uses Bitcoin tumbling or Bitcoin mixing and works towards making the user’s cryptocurrency transactions anonymous, guaranteeing a new level of privacy and security. A third-party service is used to break the connection between the Bitcoin address of the sender and the addresses of the receiver and shuffles the coins in the pool. This way, the user can protect the information about where they are receiving their coins from and whom they are sending out the Bitcoin tokens to and the coins in the wallet.
Once the user sends the coins to BestMixer.io and the coins are shuffled, the depositor receives coins from a random depositor, changing the origins of the coins, thus making them untraceable. However, the amounts, addresses, and transactions can be traced. The Bitcoin mixer must be used before every transaction, whether sending or receiving coins from a new source. An individual’s financial activity can be traced using the receiving address associated with them. Most financial services use Know Your Customer [KYC], which requires the clients to provide their documents. However, on BestMixer.io, the users are not required to create an account or provide information about themselves or their activities. The records are cleared once the coins are transferred. Bitcoin mixing or Bitcoin tumbling also protects the user’s private information from being tracked by law enforcement agencies, cybercriminals, and researchers. The service allows tumbling of Bitcoin, Litecoin, Ethereum, and Bitcoin Cash. It also has a multi-lingual feature which provides all the necessary information to the user in various languages including, English, Korean, Chinese, Malay, Portuguese, Japanese, Spanish, Italian, French, Russian and German. BestMixer is safe to mix a large number of coins and there is no risk of the coins getting mixed improperly as the pool is large enough. The user is also provided with a digitally signed Letter of Guarantee which confirms that the incoming address was generated. What is the service fee? The users are charged a minimum service fee of 0.5% for Bitcoin, Litecoin, and Bitcoin Cash. Based on the coins, the miners charge a ‘Miner’s fee’ which is a reward encouraging miners to confirm transactions in the network and providing security for the transactions. The Miner’s fee is not constant and depends on the value of the cryptocurrency at the time of the transaction. Currently, the Miner’s fee for Bitcoin is 0.00007158 BTC, 0.00056998 LTC for Litecoin, and 0.00000331 BCH for Bitcoin Cash. After the first order, the user receives a discount through an assigned code. The discount is calculated based on the volume of the transaction and increases as the number of mixing operations increase. The discount also differs based on the cryptocurrency chosen. It is applicable only if the transaction made is with the same cryptocurrency as the one used in the previous transaction. The minimum transfer amount is 0.005 BTC for Bitcoin, 0.005 BCH for Bitcoin cash, and 0.005 LTC for Litecoin. The BestMixer.io website is easy to use and can be accessed through a smartphone, tablet, laptop, and desktop computer. The BestMixer.io website states:
“At BestMixer, our team believes that the anonymity and confidentiality of every transaction are of utmost importance as is the safety of such operation. Hence our company is not registered in any jurisdiction at the moment.” “We want to be free on the Internet. All of our rights and obligations are based on the principles of crypto-democracy which we have to form together with you.”
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