The availability of an open-source distributed ledger of blockchain networks makes it very easy for everyone to pry on the transactions of anyone in the crypto space. This issue taints the feature of anonymity with the use of cryptocurrencies. Anyone with the knowledge and resources can trace a wallet's transaction and know the real-world identity behind individuals owning them.
Bitcoin Mixers were developed to solve this shortfall of blockchain technology and keep users' transactions completely private. Some of the few mixers out there are Bitcoin Mixer, Samourai Whirlpool, Wasabi wallet, and others. These mixers are well-known in this industry and are some of the most popular options out there. Let's have a more in-depth look at these mixers.
BitcoinMix
This bitcoin blender is unique in its design, as it's one of the few mixers that support bitcoin, Litecoin, and Ethereum. This diversity ensures that many crypto enthusiasts around the globe use the blender for different blockchain networks. Most of the crypto community has endorsed the mixer for its contribution to the industry.
BitcoinMix.org has an easy to use interface, making it very simple for the average Joe in crypto to have anonymous bitcoin transactions. Sending funds has been simplified in three steps and guidelines. The tutorials are available on their website, should you run into any difficulty when executing your transaction.
Additionally, the mixer issues a letter of guarantee to prove the service's legitimacy in mixing bitcoins. This letter is used as proof should there be any failure in sending funds back to its users after processing.
Wasabi Wallet
Wasabi is an open-source wallet specifically designed for storing bitcoins. Unlike other wallets that are centralized, Wasabi is non-custodial; hence users are in full control of their funds. The goal behind creating a non-custodial wallet was to avoid situations of a breach of security that occur on most centralized platforms in this space.
This wallet has an in-built Coinjoin feature that allows users to have their coins mixed up in a single pool and given new coins that are untraceable.
Bitcoin transactions are sent over the highly encrypted TOR network and disconnect immediately after executing the particular transaction. This action makes it extremely difficult ever to trace any of the addresses to a specific person.
Wasabi embeds many coin control features such as wallet fingerprinting and coin labeling. These features ensure the highest level of privacy for the funds of its users. It is supported by almost all the different operating systems that you can think of running your computer with. They have wallets specifically for Windows, Mac, Linux, etc.
Samourai Wallet
Samourai is a group of blockchain initiated products designed so that crypto enthusiasts can keep their bitcoins safe and also anonymous. They have three liquidity pools called the Whirpool, through which bitcoins are mixed and made anonymous for its members. These liquidity pools also make them execute transactions at a very faster rate compared to other mixing platforms, like those above.
Samourai Whirlpool is also one of the few bitcoin blenders that support segregated witness transactions to speed up the process. This action allows them to choose smart miner fees hence saving their customers all the high transaction fees. Whenever there is a gradual increase in bitcoin price, transactions clog the meme pool, which increases the transaction fees.
Users can initiate a stealth mode feature for better security. This feature keeps the wallet from being captured by a phone's home or launcher, making it difficult for anyone to access your wallet. The wallet will not be visible on the phone without the access code encrypted with it.
Cold wallets are the safest medium of keeping funds safe, and the Samourai wallet allows users to host a full node in a very optimized manner thanks to its Dojo product. In this same wallet, users can either choose to have their wallet offline or online and still transact in bitcoins without connecting to the internet.
Samourai wallet allows its users to initiate a bitcoin transaction in an offline wallet and initiate it by confirming a text message. Extra privacy-focused features such as Paynym, Batch Spending, Stonewall all work together to make bitcoins untraceable in the Samourai wallet.
Conclusion
Bitcoin mixers have significantly contributed to how people make transactions in the crypto industry and also how their identities stay anonymous of their addresses. There are several blenders available but for the safety of your funds always go with the popular and widely used ones in this space.
BitcoinMix.org, Wasabi wallet, and Samourai Whirpool are some of the popular options, and many crypto users would testify having utilized them in one way or another. These platforms provide high security, high speed of executing transactions, affordable fees, and operating with a very basic user interface. Stay off prying eyes and blacklisting companies by mixing your bitcoins with any of these blenders.