A crypto tumbler, also known as a coin mixer, is a service that makes it difficult to track the source of coins when sending them from one cryptocurrency wallet to another. This is done by mixing a coin with a large number of other coins to create new bitcoin addresses that are impossible to link to the original sender. These services are generally used to improve the privacy of Bitcoin transactions and can help protect users from identity theft.
Bitcoin tumblers are important because the blockchain, which records every cryptocurrency transaction, is a public record and can be examined by anyone with analysis tools. As such, if you use an exchange like LocalBitcoins, your counterpart can see the balance on the Bitcoin address that you send funds from and potentially track you down in real life. There have even been cases where thieves have robbed people after they revealed their LocalBitcoins balances in online chats.
Cryptocurrency Tumblers
Crypto tumblers are similar to money blenders and work by allowing members to deposit their own Bitcoin address into the tumbler and then blending them with the coins of other users. When the tumbler is finished, it’spits out’ clean bitcoins to random addresses, making it very hard to trace the original source of the coins.
There are several different services that offer Bitcoin tumblers, and it’s important to choose a reputable and reliable service. Consider things such as customer support, privacy policies, and fees when choosing a tumbler. Crypto tumbler