Bitcoin anonymity – myth or reality? - Crypto Currency Newz

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Most beginners who are just starting to discover the world of cryptocurrencies believes in the anonymity of Bitcoin. Bitcoin Mixer is a specialized service that allows you to make money transfers anonymously. The use of such sites enables users to keep their earnings secret.

How can the owner of digital money be traced?

With the help of Bitcoin, you can make purchases and make p2p payments. On the one hand, this is convenient since the financial transaction is not displayed in bank registers. On the other hand, it is “recorded” in the open registry of the database, which stores information about all transactions carried out with Bitcoin. Anonymity is lost, and anyone able to navigate the data can make a detailed analysis of your activity with cryptocurrency.

Thus, an attacker who knows your wallet address after the conclusion of an intelligent contract can track the movement of funds in your account. Undoubtedly, this creates a significant breach in protecting your personal security. The Bitcoin blender is a solution. The service helps cover their tracks, although it does not consider whether the cryptocurrency is used for illegal or legal activities.

How to keep Bitcoin anonymous with blenders?

The Bitcoin blenders are used to interrupt the chain of all transfers in which coins participate. They split the incoming amount into small parts and mix it with the money of other users, crypto exchanges, and their reserves using unique algorithms, thereby confusing the digital trail. The output is “clean” electronic money that has nothing to do with the sender’s history. Choosing a Bitcoin blender like YoMix, for example, for secure transactions, the user gets the following advantages:

mixing degree indicator;
dynamic and low commissions;
fast cleaning;
you can specify a delay in the transaction;
transaction logs are cleared after 72 hours.

Without using a mixer, according to the information that is stored in the public registry, attackers can track all the operations performed and then use the information against you.