Thursday, 6 February 2020

Why would you need a bitcoin mixer?

If you are into the world of cryptocurrency then you must also have come across coin mixers service.This service isused to make the transactions done in cryptocurrency more secure and difficult to track. We all know that cryptocurrency is a public information and anyone can look into your ledger. This is somewhat bothering even if you are not doing anything illegal because you might not anyone to look at what you purchased or where you spent your money. This issue can be resolved with the use of bitcoin mixer 
Why you would need a mixer?
You might be thinking why I should pay more as commission to these service providers. This is logical and everyone would be concerned about that. The answer to this question is that most of the currency over web display a public ledger which can be shown to any person who has your string number. This is no doubt a kind of security because your name is not displayed but some people do not digest this and do not consider it as a privacy. In order to stop the track of your transaction at any place you need to use a btc mixer. 
Positive use of cryptocurrency mixers
There is dark side to everything but if you intend to use anything positively then there is a way. In fact there are more positive things that you can do with the cryptocurrency mixers. When you are doing business online and you do not want to disclose your transactions and keep them confidential from competitors then you must secure them with a mixer otherwise there would be a public ledger and information would be sacrificed. In order to secure your transaction information from your competitors in the market, then you would need help from a coin mixer who would change the addresses of senders and receivers and would mix all the money. After that when you will receive the money that would be a total fresh and different money with no trace back to the actual amount.
This money mixer is also used for fraudulent activities and to do money laundering. This is leading to high regulations related to bitcoin and other currencies. Mainly the people who use this mixer service are those wealthy people who want to keep their business dealings confidential. When you are selecting the bitcoin mixers, you should keep a number of things in your mind. First of all you should compare the prices and commission that would be deducted on each transaction and then the reliability of website should be checked. There are many fake companies that claim to be the mixers but in actual they would not help you hide your transaction! To get more information visit #https://coinomize.biz.

1 comment:

  1. hello!! Very interesting discussion glad that I came across such informative post. Keep up the good work friend. Glad to be part of your net community.
    bitcoin mixer

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