3 reasons to use Coin Mixer in 2021
Cryptocurrency has several differences compared to fiat – decentralization, reliability, and anonymity. All these things contribute to the popularity of digital coins. However, the declared anonymity of Bitcoin still does not guarantee 100% protection from tracking, because the data on all completed transactions are still recorded in the blockchain. Any user can easily track the path of bitcoins before they get into a particular wallet. To prevent this a bitcoin mixer was developed.
1. Anyone can get data about the transactions history, find out their exact amount and date, and even get the information about the wallet where the cryptocurrency is stored now.
2. Bitcoin mixers can help to protect against being deanonymized. A service like this takes coins from different users and puts them on their balance, and then a special algorithm mixes gained bitcoins. After this operation, the cryptocurrency is transferred to the clients' wallets again.
3. Using a bitcoin mixer keeps your cryptocurrency private by incorporating an extra privacy layer that mixes the trail of the transaction. Anonymity is just a part of cryptocurrency’s fundamental concept. Holding your finances under the radar and away from the prying eyes of third-party entities is what made it a mass appeal for traders today. Combined with the underlying blockchain technology, Bitcoin was a breath of fresh air in a very stale vault.