This is a promoted article provided by BitMix.Biz
A bitcoin mixer, also known as a bitcoin blender or tumbler, is a service designed to ensure the anonymity of Bitcoin transactions using a special mixing algorithm that combines and blends bitcoin from different sources to rid coins of compromising traces of transactions from the past to hide their origins and protect users’ privacy and anonymity.
The cryptocurrency’s architecture is designed so that each of the Bitcoin transactions is recorded in the public, unaltered registry on the blockchain, so that every member of the community can verify the validity of each coin transfer.
Trust in Bitcoin and thus its value in the eyes of the users is based on this. However, the use of Bitcoin itself is pseudonymous, not anonymous. This offers opportunities for various intruders who want to know who owns digital funds in specific wallets, which usually contain large amounts of crypto, or who want to track a specific person’s finances and their origins.
Several criminal gangs hack crypto exchanges and extract data about you and your Bitcoin address, thanks to mandatory KYC / AML verification requirements, when you are forced to confirm your personal information, and then, with the help of analyzers, they can get your most important Find BTC wallet, ”explained a representative from bitcoin mixer service BitMix.Biz.
Dangers of deanonymization
In June 2020, the marketing base came from French Bitcoin hardware wallet company Ledger has been hacked, exposing a vulnerability in a system once considered one of the safest ways to store cryptocurrencies. The result of this hack was the leakage of personal information and contact information of approximately 1 million users, i.e. their names, surnames, postal addresses, email addresses and telephone numbers, as well as information about customer orders.
Although company representatives said at the time that this personal data leak did not affect their Ledger hardware wallets and their security, nor the security of the cryptocurrency of the company’s customers, the leak poses a real threat. This fully appeared six months later, just before Christmas, when the stolen data appeared in the public domain on the darknet.
Now that the user data has been released, it is easy to use Bitcoin analytics tools to see how much cryptocurrency each individual has from the compromised database, as well as the origin of the coins. For example, this information could be used by the tax authorities or other special services, and this is far from the worst possible consequence of a leak.
People from the stolen list became the target of phishing attacks and then the victims began to receive letters containing threats of physical violence, which would be easy to implement with the information obtained from physical addresses. Attackers extort the equivalent of $ 500 in Bitcoins for giving up their intentions, but paying the ransom does not guarantee security or that attackers will not extort more money from victims in the future.
In recent years, there have been many reports of attacks, kidnappings and even murders of cryptocurrency holders, whose data has been compromised in some way, regardless of whether the users themselves shared it on the Internet (e.g. on social networks) . or if it was stolen as a result of some sort of leak. This is why you should be extra careful when using or just owning cryptocurrency.
An expert from BitMix.Biz said: “If you know your real data and information about the current balance of your BTC wallet, attackers can cheat or even give you money with brute force. With Bitcoin mixers you can break this chain. “
Using a Bitcoin mixing service can provide an extra layer of privacy that can help protect your digital finances from hackers and blockchain analytics companies, protecting you and your family from intruders. And Bitcoin blenders are surprisingly easy to use these days.
Use maximum mixing possibilities
Bitcoin mixing services have come a long way since Bitcoin was first introduced. The result of years of trial and error carried out by various crypto enthusiasts in an effort to reach the maximum level of anonymity, BitMix.Biz has absorbed the best and eliminated known drawbacks.
The service offers multilingual support, altcoin integration and other internet access methods such as Tor, Clearnet and NoJS. Users can set individual mix costs in the range of 0.4 to 4 percent, making it even more difficult for potential attackers to analyze their blockchain activity. They can also use a “randomize” option, which, after mixing, sends more than one transaction from the mixing service to your wallet, which they target for the cleared coins, making it more difficult to analyze their cryptocurrency transaction.
“We’re asking for the minimum information required, just to make sure the hard drive is encrypted and never stores any logs,” explains the BitMix.Biz team. “All records are deleted after 72 hours or on request directly via the order page.”
BitMix.Biz maintains the world’s largest reserve of mixed bitcoin, so there is no need to wait for consensus on multiple mixing transactions. When a user completes a transaction by sending coins to the mixer, they immediately receive pre-released bitcoin from this huge pool at their address. After you first exchange your coins for cleared coins, you will receive a special code that prevents you from receiving any of the previous bitcoins that you sent in subsequent transactions.
A minimum of 0.005 BTC is required to use the Bitcoin mixing service BitMix.Biz. You can save your settings from the website to duplicate the blend types you would like to reuse. The Bitcoin tumbler service also supports an affiliate program that provides instant payouts for every transaction made by a referred user, as well as an API key that websites can use to deliver mixed bitcoin, litecoin and dash to their customers, making them take care of their customers. security and increasing their loyalty.
Finally the Bitcoin mixer BitMix.Biz offers a letter of guarantee as an additional pledge of integrity and as a security measure.
“When we give you our Bitcoin address to which your coins must be sent to be mixed, we digitally sign a letter of guarantee to confirm that this address was indeed generated by our server,” said the BitMix.Biz spokesperson.
If a malfunction occurs, a warranty letter can provide proof within 72 hours that you sent your coins to the service to solve the problem. Another reason to entrust your cryptocurrency to this particular Bitcoin blender is a unique guarantee – a $ 15,000 deposit on a special service BitMix.Biz created to offset users’ unlikely losses, even making the mixer for large quantities. cryptocurrency.