Best Bitcoin Mixers - Top Bitcoin Tumblers 2019 - Reviews & Ratings
The Dutch Financial Criminal Investigative Service has seized the website of a bitcoin transaction mixer in a crackdown involving Europol and other authorities.
Calling it the “first law enforcement action of its kind against such a cryptocurrency mixer service,” Europol said in a statement Wednesday that the seizure of Bestmixer.io followed an investigation that began last summer. As part of the move, police seized six servers based in Luxembourg and the Netherlands.
Coin mixers or “tumblers” like Bestmixer.io work by pooling funds together and creating a web of new transactions in an effort to obfuscate their original source. Typically, coin mixer users pay a fee on top of the funds they send in, receiving back their money from a wholly new address.
Europol alleged that much of the money that passed through Bestmixer.io “had a criminal origin or destination,” contending that “in these cases, the mixer was probably used to conceal and launder criminal flows of money.” The agency said that the service, which launched in May 2018, mixed approximately 27,000 bitcoins.
“Today’s Bestmixer seizure shows an increase in law enforcement activities on pure crypto-to-crypto services,” said Dave Jevans, CipherTrace CEO. “This follows on the heels of European AMLD5 regulations and the views expressed by US FinCEN that crypto-to-crypto services are considered to be money services businesses and must comply with those regulations. This is the first public seizure of a bitcoin mixing service, and shows that not only are dark marketplaces subject to criminal enforcement, but other services are as well.”
Europol’s statement suggests that the investigation isn’t complete and that authorities intend to follow up on the information gleaned from this week’s server seizures.
“The Dutch FIOD has gathered information on all the interactions on this platform in the past year. This includes IP-addresses, transaction details, bitcoin addresses and chat messages,” the agency said. “This information will now be analysed by the FIOD in cooperation with Europol and intelligence packages will be shared with other countries.”
“Bestmixer has blatantly advertised money laundering services, and falsely claimed to be domiciled in Curacao where they claimed it was a legal service. The reality is that they were operating in Europe and services customers from many countries around the world,” said Jevans.
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Best Bitcoin Mixers 2019
Updated June 16, 2019 at 14:33 UTC
There are different Bitcoin shufflers currently in use. And a user should take into consideration several factors before choosing one. In this bitcoin mixer reviews we have tried to cover the most popular and reliable services.
What is Bitcoin Mixing?
Bitcoin tumbling, also referred to as Bitcoin mixing or Bitcoin laundering, is the process of using a third party service to break the connection between a Bitcoin sending address and the receiving address(es).
Bitcoin mixing helps you to disassociate any BTC you purchased from your identity. You send your coins to a Bitcoin mixing service; they take a small mixing fee, and after a random delay they send you an equivalent amount of other people’s bitcoins to your new address.
In other words, coin mixing services take your cash and give you new cash to your secret identity so that it remains secret.
How does a Bitcoin Mixer work?
Bitcoin tumbling (mixing) involves the usage of a third party service to break the connection between a wallet address sending coins and the addresses receiving coins. So if a person does not wish the whole world to know from where they got their coins, and/or to which addresses the Bitcoins are sent, then tumbling is the way to go. A provider of Bitcoin tumbling service is referred to as Bitcoin tumbler.
Coin mixing 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.
Peer-to-peer tumblers appeared in an attempt to fix the disadvantages of the centralized model of tumbling. These services act as a place of meeting for Bitcoin users, instead of taking coins for mixing. Users arrange mixing by themselves. This model solves the problem of stealing, as there is no middleman. Such protocols as Coin Join, Shared Coin and Coin Swap allow few users to gather in order to form one Bitcoin exchange transaction in several steps. When it is completely formed, the exchange of BTC between the participants begins. Apart from the mixing server, none of the participants can know the connection between the incoming and outgoing addresses of coins. This operation can be carried out several times with different recipients to complicate the transaction analysis.
While newer coin implementations such as Cloakcoin, Dash, PIVX and Zcoin have built-in mixing services as a part of their blockchain network.
It’s important that they be trusted. There’s no authority or government you can complain to if they run off with your coins. So if you like privacy and also want to protect your cryptocurrency from government tracking or tracing, Bitcoin mixer services are a good option.
As with anything, you should do your research before using Bitcoin tumbling services and use the ones with the best reviews and highest levels of trust. We do not officially endorse any Bitcoin Mixer. The tumblers we list as trusted have been around for some time and have had no verifiable complaints against them. We do not link to mixers that are scams, or that do not function as advertised.