Amidst the crypto winter and the collapse of prominent crypto-related projects, regulators have finally realized the need to develop new rules for the rapidly developing industry. Crypto is well-positioned to become the chief financial instrument of the next generation. This is why it is important to strike the right balance between using its capabilities, in particular, its libertarian ideology and anonymous nature, and protecting users with the help of proper legislation.
A lot needs to be done to achieve this balance, and right now regulators focus on prohibitive and restrictive measures. At the same time, Chainalysis claims that only 1% of crypto assets are used in illegal activities. However, Eun Young Choi, director of the National Cryptocurrency Enforcement Team (NCET), says that cryptocurrencies and digital assets are actually involved in every aspect of criminal activities that the team is investigating. The Federal Bureau of Investigation (FBI) estimates that $3.31 billion was stolen through investment fraud in 2022, with crypto-related fraud accounting for more than a third of the total amount, or approximately $2.57 billion.
While it is unclear which data are more accurate, regulators are relying on the pessimistic data either way.
What is the purpose of bitcoin mixers?
Contrary to popular belief, a bitcoin mixer is not a tool for scammers. While regulators keep trying to govern everything and everyone indiscriminately, mixers are more often used by small crypto investors who would like to trade on an exchange. They understand the advantages of new technologies and recognize that crypto is a profitable opportunity that helps generate income.
However, the political and economic situation in the world is unstable and the authorities consider it their duty to interfere in any sphere of activity. Centralized exchanges acting under the jurisdiction of certain countries have no choice but to comply with numerous rules and decrees from the regulators.
As a result of this approach, private accounts are being blocked more and more often. Even if the exchange repays the money from the wallet, no one will compensate for the lost profit and time. To be able to use exchange services, customers take precautions and use mixers. However, they can easily get tainted coins if they are not careful. Proving that it is an accident is difficult.
Bitcoin mixer features that guarantee asset protection
Usually, the customers’ bitcoins are simply mixed and distributed randomly. This can help obfuscate their trail, but the risk of getting bitcoins from a sanctioned wallet, or stolen coins, is very high. In fact, such mixers do not fulfill their main function, which is to guarantee absolute protection against tracking algorithms while providing clean coins.
In order to do this, a bitcoin mixer needs to have a special algorithm that attracts assets from external sources. Mixer.Money’s ‘Complete anonymity’ mode, for example, is equipped with all the necessary features.
This mode was designed to ensure thorough mixing of bitcoins. After the coins are deposited into the pre-mixer, they are either transferred to the ‘Mixer’ mode or sent to investors on exchanges. The transactions are formed randomly, which makes it almost impossible to trace the movement of coins.
We only provide the coins that have been obtained from verified investors on exchanges. The ‘Complete Anonymity’ mode provides customers with coins which have been validated by exchanges.
The investors who receive coins from our mixer and the ones who provide cryptocurrency to users are not the same people. The algorithms constantly split, mix, and send bitcoins to different addresses. The delay is adjusted according to the time it takes to protect assets from quantitative analysis. The intermediary wallets are chosen so that the same amount can be sent back without change. This also helps to obfuscate the trail of transactions. The assets are distributed among the specified wallets based on mathematical algorithms. While not always convenient, this method reliably protects transactions against cluster analysis due to the absence of change in each intermediate transaction.
The advantages of this mode include the high efficiency of mixing, protection from different bitcoin analysis algorithms, and absolute protection of user privacy and transactions.
More advantages
Having been established in 2016, Mixer.Money has earned a reputation as a reliable mixer. Users can send 0.001 BTC to check the reliability of the mixer’s operation. No fee will be charged in this case, and the coins will be returned to the same address.
Customers can also use a TOR mirror. The mirror disables the calculator and transaction detector since they can’t be used without Javascript, and this does not reduce anonymity.
Our mixer also allows users to organize delayed transactions. The address generated for sending coins is active for up to a week. If a platform delays the withdrawal of coins, the address will still be there.
Our mixer has two main modes and one additional mode. The ‘Exact amount’ mode is based on the algorithms of the ‘Complete anonymity’ mode but ensures that the exact amount is transferred.
Make sure to read the detailed guide before using the mixer.
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
