Bitcoin mixer FAQ
Have questions or concerns about CoinMixer? Find answers to the most common queries below. If you haven't found topics you're curious about, you can always contact our customer service.
What is CoinMixer?
CoinMixer is a service that returns privacy to your Bitcoin by utilizing a Bitcoin mixnig method called CoinJoin. Learn about CoinJoin
What is a Bitcoin mixer?
A Bitcoin mixer, also known as a Bitcoin tumbler, is a service that is used to obscure the origin of Bitcoin transactions. When a Bitcoin transaction is made, it is recorded on the blockchain, which is a public record of all Bitcoin transactions. The blockchain allows anyone to see the transaction history of any Bitcoin address. This can be a problem for people who want to keep their Bitcoin transactions private, as anyone can see how much money they have sent and received.
A Bitcoin mixer works by taking in Bitcoin from many different people and then sending out new Bitcoin to different addresses, making it difficult to trace the original transactions. This can be useful for people who want to keep their Bitcoin transactions private for various reasons, such as for privacy or to protect themselves from being targeted by hackers.
Why should I use a Bitcoin mixer?
There are a few reasons why someone might want to use a Bitcoin mixer:
Privacy. Using a Bitcoin mixer can help to obscure the origin of a person's Bitcoin transactions, which can provide an additional layer of privacy.
Security. If someone's Bitcoin address is publicly known, they may be more vulnerable to hacking attacks. By using a Bitcoin mixer to obscure the origin of their transactions, they can make it more difficult for hackers to target them.
Anonymity. Some people may want to use Bitcoin anonymously, either for personal privacy or to protect themselves from potential repercussions in countries where Bitcoin is not legal. A Bitcoin mixer can help to obscure the identity of the person making the transaction.
Isn't Bitcoin anonymous?
Bitcoin is often referred to as an anonymous digital currency, but in reality, it is only pseudonymous. While Bitcoin transactions do not contain any personal information about the people involved, they are still recorded on the blockchain, which is a public ledger. This means that anyone can see the transaction history of any Bitcoin address.
Therefore, while Bitcoin transactions are not directly linked to a person's real-world identity, they can still be traced through other means. For example, if someone uses their real identity to buy Bitcoin or if they use their Bitcoin address for other purposes (such as posting it online or associating it with their online identity), then it may be possible to trace their Bitcoin transactions back to them.
For this reason, some people choose to use a Bitcoin mixer to obscure the origin of their transactions and provide an additional layer of anonymity.
Is CoinMixer anonymous?
Absolutely. CoinMixer is an anonymous, non-KYC Bitcoin mixing service.
We never ask for user names, email addresses, or other forms of identification. Additionally, we don’t log IP addresses and don’t use tracking scripts.
Do you require KYC?
Know Your Customer (KYC) is a process that financial institutions and other regulated companies use to verify the identity of their clients and assess their potential risks for money laundering or financing terrorism.
The KYC process typically involves collecting and verifying personal information about a customer, such as their name, address, and date of birth. This information is used to identify the customer and confirm that they are who they claim to be. In some cases, a company may also ask for additional information or documents, such as a government-issued ID or proof of address, to complete the KYC process.
The purpose of KYC is to help companies comply with anti-money laundering (AML) and counter-terrorism financing (CTF) regulations, which require them to have a thorough understanding of their customers and their financial activities. By collecting and verifying this information, companies can better identify and mitigate any potential risks associated with their customers.
It is not necessary to do Know Your Customer (KYC) when using Bitcoin as a currency. Bitcoin is a decentralized digital currency that allows users to send and receive payments without the need for a central authority or financial institution. This means that there is no requirement for users to provide personal information or go through a KYC process when using Bitcoin.
Therefore, we do not require users to complete a KYC process in order to use our platform.
Are there any Bitcoin mixing limits?
CoinMixer Bitcoin mixer have limits on the amount of Bitcoin that can be mixed at one time.
The minimum amount you can mix is 0.01 BTC.
Even though some Bitcoin mixers promise to mix up to 1000 BTC at once, to guarantee the best privacy, and legal status of the transactions, CoinMixer limits each transaction up to 1 BTC.
How long does it take to process transaction?
As soon as we receive the third confirmation of your transaction, we will initiate the Bitcoin mixing transaction.
If you chose "instant mixing" service, you will receive your mixed Bitcoin within a few minutes.
If you chose a delay, the mixing transaction can potentially take several hours or more to complete the process.
How does a Bitcoin mixer makes Bitcoin private?
A Bitcoin mixer works by taking in Bitcoin from many different people and then sending out new Bitcoin to different addresses. This makes it difficult to trace the original transactions, as the funds have been mixed with the funds of many other people.
For example, imagine that Alice wants to send 1 Bitcoin to Bob. If Alice sends the Bitcoin directly from her wallet to Bob's wallet, the transaction will be recorded on the blockchain, which is a public ledger of all Bitcoin transactions. Anyone can see that Alice sent 1 Bitcoin to Bob, and they can also see the transaction history of both Alice's and Bob's Bitcoin addresses.
Now imagine that Alice uses a Bitcoin mixer to send the 1 Bitcoin to Bob. The mixer takes in Bitcoin from Alice and many other people, and then sends out new Bitcoin to different addresses. This makes it difficult to trace the original transactions, as the funds have been mixed with the funds of many other people. Therefore, it is more difficult to see that Alice sent 1 Bitcoin to Bob, as the transaction is mixed with many other transactions.
This privacy-enhancing technique used to mix Bitcoin transactions is referred to as CoinJoin. CoinJoin works by allowing multiple users to combine their Bitcoin transactions into a single transaction, making it more difficult to determine which input corresponds to which output.
With CoinJoin, the transactions can be combined into a single transaction with multiple inputs and outputs. This makes it more difficult to determine which input corresponds to which output.
Do you keep transaction logs?
We permanently delete all transaction logs 24 hours after the Bitcoin mixing transaction is complete.
We do not log IP addresses and do not use 3rd party tracking scripts from Google or Facebook.
Do you have a Tor version of your site?
Is it legal to use a Bitcoin mixer?
The legal status of Bitcoin mixers varies depending on the specific laws and regulations of the country in which they are used. In some jurisdictions, the use of Bitcoin mixers may be legal, while in others it may be illegal or restricted.
In general, Bitcoin mixers are not illegal in and of themselves, as they are simply a tool that can be used to obscure the origin of Bitcoin transactions. However, some countries may have laws or regulations that prohibit or restrict the use of Bitcoin mixers or similar privacy-enhancing tools.
It is worth noting that while Bitcoin mixers can help to obscure the origin of Bitcoin transactions, they do not guarantee complete anonymity. It is still possible for law enforcement or other parties to trace Bitcoin transactions through other means.
If you are considering using a Bitcoin mixer, it is important to understand the laws and regulations of your jurisdiction and to ensure that you are acting in compliance with them.
Before using CoinMixer, please make sure to read our Terms of service.
What about the fees?
We charge a flat service fee of 1% and a typical Bitcoin transaction fee.
What does the Transaction ID stand for?
The transaction ID is a unique identification of your transaction. You can use the Transaction ID to check the status of your transaction or when contacting our customer helpdesk.
Can I contact customer support?
Sure. We are here to help! Please get in touch with us, and we will respond asap.
Can I send Bitcoin from a mixer to payment processor?
The payment processor's Bitcoin address, amount, and QR code are usually valid only for a few minutes to reflect the rapidly changing fiat-to-crypto exchange rate. Typically 15 to 20 minutes.
Therefore, we do not recommend you send Bitcoin to a crypto payment processors directly, from a Bitcoin mixer.
Instead, we recommend you send Bitcoin to your anonymous wallet first.
Why should I choose CoinMixer bitcoin mixer?
Choosing a Bitcoin mixer depends on a variety of factors, such as the specific needs of the user, the level of privacy and security they require, and the fees and limits of the mixer.
Some users may prioritize low fees and high limits, while others may prioritize a high level of privacy and security. It is important to carefully consider your own needs and requirements when choosing a Bitcoin mixer.
It is also worth noting that while Bitcoin mixers can help to obscure the origin of Bitcoin transactions, they do not guarantee complete anonymity. It is still possible for law enforcement or other parties to trace Bitcoin transactions through other means. Therefore, it is important to be cautious when using any Bitcoin mixer, regardless of which one you choose.