Cryptocurrencies offer relatively high anonymity but can still be tracked. It applies not only to states hunting for fraudsters and terrorists or tax authorities but also the ordinary users. Here is more about cryptocurrency mixers for better confidentiality and privacy.
Common use cases
Those who work with cryptocurrencies are constantly faced with the threat of theft of funds from cybercriminals, who are a danger even for an honest user. Everything falls under the scope: transaction history, mnemonic phrases from wallets, email addresses, and phone numbers associated with cryptocurrency services. In this case, you can use additional methods to protect your data, like cryptocurrency mixers.
The primary work principle of services like https://yomix.io is laid down in the name of the service itself. The resource in its content resembles an ordinary kitchen mixer, which mixes several components into a homogeneous mass. As you understand, it will be impossible for an outsider to figure out what is what. The Bitcoin mixer mixes transactions from various sources, but eventually, the coins will reach their recipient. As the coins follow in the chain, a large amount of data appears: determining the final or primary one will be difficult and unrealistic.
The benefits of crypto-mixing technology
The Bitcoin mixers ensure the following benefits and capabilities:
- Quickly create and conduct translations with privacy protection.
- The use of constantly changing algorithms that are difficult to track.
- Protecting personal information from falling into the hands of hackers.
- Ease of application.
- Transparent and, at the same time, effective scheme of work.
- A wide range of platforms provides such services.
So, the mixer is a service that mixes many users’ cryptocurrencies to hide the origin and ownership of the funds. The interaction of a service and a crypto owner is based on mutual trust without the participation of a regulator.