Bitcoin Mixer is an online service platform where users can remove traces, or obscure crypto transactions making it difficult for hackers to trace crypto transactions. If you want a high level of security and privacy, Bitcoin mixer is the platform you need, also you can transfer funds safely and quickly and can hide your transactions in blockchain analytics. There are several well-known Bitcoin mixer services including: Yomix.io, BlindMixer, Mixero.io etc.
What is Bitcoin Mixer?
- Thread starter Suba
- Start date
This could be likened to a privacy feature that allows you to keep all your transactions in Bitcoin private as much as possible, which is a very good move.
There are some other mixers that were closed last year due to alleged money laundering. These mixers are a privacy instrument. I think that even if many of them fall, new ones will continue to appear to combat those who try to restrict privacy in transactions.
- Thread starter
- #7
The main reason for using a Bitcoin mixer is to maintain the security and privacy of large amounts of Bitcoin transactions, for example if you withdraw or transfer Bitcoin over 100 BTC, the standard method will certainly be easy for hackers to track. Many people mistakenly think that the Bitcoin mixer is an illegal act as a place for money laundering, although there are naughty users who abuse the Bitcoin mixer function as money laundering.
Technologies come with a lot of jargon and although it is a good feature it is still jargon. I have not used such jargon before but it would be something I would highly regret if I ever got hacked and found my funds gone without my ability to withdraw those coins. So I will look into this and see how it can be of benefit to me as an ordinary person with minimal to medium volume cryptocurrency usage.
The other thing I can recommend and wonder about is the fact that cryptocurrency transactions can be traced on the blockchain and you can see upto to where the withdrawal is finally made away from cryptocurrency to fiat and can follow up on that information. With all these new features where we have KYC and other security features then we should not have such hacks in this industry.
The other thing I can recommend and wonder about is the fact that cryptocurrency transactions can be traced on the blockchain and you can see upto to where the withdrawal is finally made away from cryptocurrency to fiat and can follow up on that information. With all these new features where we have KYC and other security features then we should not have such hacks in this industry.
Last edited:
A bitcoin miner produces the new bitcoin and that is what it does . It solve the complex mathematical computer equations and if it is solved successfully, it will produce a new block which bitcoin will be given as a reward.
