In current conditions, possession of cryptocurrency does not guarantee privacy. The Bitcoin blockchain is absolutely open, and any operation leaves a digital trace. Exchanges and exchange services use AML tools to monitor the provenance of coins. If incoming funds have a "dirty" history (Darknet, mixers, casinos, or P2P without KYC), you risk getting an account block indefinitely. Therefore, the task of how to launder crypto is a measure of elementary security for your wallet. There exist two primary approaches to accomplishing this task: applying privacy coins or Bitcoin mixers.
The first method is converting Bitcoin into privacy coins like Monero (XMR) or Zcash (ZEC). These blockchains use special data-hiding protocols that hide the information about the sender. The mechanics looks like this: you swap BTC for XMR, transfer XMR to a clean address, and then convert it again into clean Bitcoin. It is reliable, but carries a number of complexities. First of all, it is lengthy and technically complex. Furthermore, major platforms remove anonymous coins or request rigorous KYC upon their deposit, considering them suspicious. In fact, by trying to conceal transactions, you risk attract additional attention from the AML officers.
The second method is crypto mixers. These are professional services that enable you to launder Bitcoin without extra conversions, while remaining within the Bitcoin network. Mixers accept coins from hundreds of different users, break them into small parts, mix them with their own reserves, and send them to clients as already clean coins to clean wallets. How come is this secure? Because the mathematical probability of deanonymizing the transfer tends to zero. Of course, if you haven't stolen a national budget from the Pentagon and a whole department of the NSA with an unlimited budget isn't hunting you, then mixers provide practically 100% guarantee. For the private investor, this is the simplest and efficient method to whiten capital. Below we review a list of 6 relevant mixers.
Rating of the reliable mixers for cleansing cryptocurrency
Mixitum — https://mixitum.top/?r=wuD7h9 — Ideal balance of performance and low commission, the best choice for beginners.
ZeusMix — https://zeusmix.net/?ref=Zx19Qa — Powerful algorithm for mixing with an emphasis on a high level of anonymization.
Whirto — https://whirto.com/?aff=WhR8k2 — A mixer with a simple interface and a policy of no logs.
Bmix — https://bmix.org/?partner=bM5uP0 — A time-tested mixer with flexible settings for withdrawal timing.
ThorMixer — https://thormixer.com/?invite=Th0R7x — Maximum anonymity thanks to unique algorithms of cleansing.
UniJoin — https://anonymix.org/?code=An9Yw3 — A popular project using the use of CoinJoin.
Mixitum Mixitum is justifiably is the optimal solution for those who for the first time decided to clean Bitcoin. Its main feature is an intelligent algorithm of mixing, which automatically builds a transaction path, freeing the user from the necessity to delve into complex settings. The commission here is not fixed, which provides an extra level of protection, as it is harder for analysts to calculate the transfer based on percentage patterns. The entire process lasts a few minutes, and the system guarantees that digital traces will be erased automatically after 24 hours, which excludes any leaks in the future.
ZeusMix For those seeking uncompromising protection, this mixer provides tools of professional grade. At the core of the service are unique methods of confusion that create a complex web of transfers, turning the search of the source of funds impossible for most AML scanners. The user has full control over the situation: one can configure a express clean for efficiency or an enhanced mode for maximum stealth. Round-the-clock help service is ready to resolve any questions, which turns working with ZeusMix into a peaceful and predictable process even for significant amounts.
Whirto Whirto is the example of conciseness and effectiveness in the sphere of privacy. The developers focused on an intuitive design so that every user could figure it out, how to make crypto clean, without instructions. The main trump card of Whirto is its strict No-Logs policy: the system do not record metadata and order details, erasing everything upon completion of the exchange. Additionally implemented is a function of delayed payout, which allows you to receive clean coins not immediately, but after a random time, which finally disrupts the correlation between sending and receiving.
Bmix In situations involving operations with very large amounts, the Bmix service holds a leading position due to its high liquidity. This means that you won't have to wait for other participants to deposit their funds for the mix — the payout proceeds from the reserve fund of the platform. For the assurance of its users, Bmix provides a cryptographic Letter of Guarantee, which is proof of the obligations. Another important function is the mix-code: by using it during the subsequent order, you guarantee that the system will not return you your own previously sent bitcoins, which provides a clean history.
ThorMixer Named after the Norse god, this service offers impenetrable armor against all types of surveillance. The service is optimized for working via the onion networks, which masks the very fact of accessing the mixer. The distinctive feature of ThorMixer's approach lies in the fragmentation of outbound amounts: the money return to the address not in one lump sum, but as a series of different transfers from various wallets and at different times. Such an approach makes blockchain analysis into a impossible endeavor, as it is unrealistic to reconstruct the chain into one.
UniJoin UniJoin stands apart from its peers due to its application of the protocol CoinJoin. Instead of classical mixing, here a collective formation of a transfer is implemented: the funds of multiple users are combined into a unified stream before payout. This method provides a mathematical guarantee that one cannot determine which input corresponds to which output. The UniJoin is ideally suited for those who want to have a crystal clear history for their wallet and to stop worrying about questions from regulators.
Summary and recommendations
By using mixers, you gain freedom from the surveillance of the system. However keep in mind the safety rules: be sure to access via Tor or a VPN, split large amounts and make use of the delay function. Cleansing Bitcoin is not a crime, but a way to preserve your property in a the digital age.