At a time when cryptocurrencies are under strict surveillance such as this, there is a need to preserve the privacy and identities of those who use cryptocurrency for transactions. This is achieved through mixing services provided by several firms. This article reviews one of the best ones available, BitMix.
The platform has several unique features that set it apart as well as the quality of service they provide which is on top of the industry. These features ensure that all customers globally have access to the best service that suits all.
One of such features is multi-language support. As there are a variety of languages around the world and Bitcoin is meant for use by all regardless of location, Bitmix has support for a number of major languages that should cater to most of its customers globally. Apart from English, there is support for Russian, Hindi, Portuguese, Chinese, Korean, Indonesian, German, Dutch and Polish.
Another unique characteristic of the platform is that it does not only support Bitcoin but also Litecoin. This makes it possible for those who carry out transactions using LTC also enjoy the mixing service it provides. Bitmix also supports Clearnet, Tor and NoJS programs which give the transaction processing the maximum privacy and security.
In order to be as inclusive as possible, not much is required as the minimum amount for mixing. Bitcoin is as little as 0.005 BTC while Litecoin is 0.015 LTC. This makes it possible for nearly anyone to benefit from a mixing service as only about $50 worth of cryptocurrency is required and the transfer is instant as payment is sent to the customer’s provided address from a reserve of mixed funds once there is just one confirmation on the blockchain.
On top of this, Bitmix gives priority to anonymity so the transaction is fully anonymous and untraceable. This is so because only basic necessary information is required from customers and such information is not stored on the system for long or it can be discarded instantly on the request of a customer.
Great transaction flexibility is also provided with an option for free customization. This confers a higher level of security for customers because attackers can use a fixed fee to analyze the transaction to ascertain the precise transaction amount as well as determine the payment destination. Without a fixed fee, such a security threat is completely eliminated.
To further increase security and anonymity, customers are given a unique code after their first transaction which allows them to lock their initial coins on the BitMix website so that they are not able to receive any of such coins in subsequent BitMix transaction ever. This ensures that users remain untraceable.
For those with a little more coins to mix, there is an additional option to raise the bars on anonymity. This is called the randomize option. It allows users to receive more than one back transaction to their wallet from BitMix. At least 2 back transactions with clear (mixed) coins per output address are guaranteed to make blockchain analysis of transactions almost impossible.
Mixing can also be improved with a manual and auto settings option. This allows users to manage their level of mixing and obscurity they want for their transactions, depending on how important it is to the transaction in question. BitMix also offers a partner program that pays customers who recommend the platform to other users. Payments are sent immediately a transaction is completed by the person they refer.
There is no chance of sending your coins for mixing to an address sent by scammers. This is because any address provided for customers can be easily verified as one generated by BitMix servers, thus reducing any possibility of being scammed by thieves.
Finally, BitMix does not only provide its services to individuals but also organizations. Any project that appends the BitMix API can provide the same mixing services to its clients that BitMix also provides. This allows any project to create its own bitcoin mixer just by attaching BitMix’s API.
With these wonderful options that BitMix has to provide, it is the destination to go for anonymous and untraceable cryptocurrency transactions when there is a need for privacy to be maintained. Although it only supports Bitcoin and Litecoin for now, Ethereum support is on the way and will be added soon for more users to enjoy the privilege of private transactions once again.
The platform does not require users to sign up. All you have to do is click on you coin of choice on the website and provide the required (not KYC) information and your coins will be mixed and cleared with the click of a button.