If you’re a regular user of Bitcoin mixers, you’re most likely are aware of the benefits. However, you may not have used a mixer before and you’re wondering if BitcoinMix.org is a tool that you should take advantage of. In this article, you’ll learn some of the popular reasons why you should blend your bitcoins.
1) Makes You Anonymous
The transactions on the bitcoin network are open. The implication of this is that anyone who is interested could look at the ledger and know your transaction history. They can even find out how much BTC you have in your wallet and where the coins came from. This means that all the past transactions that you have made are out there for anyone to examine. Since we all value our privacy, this may not be a good scenario. So you can mix your bitcoins and send them to another wallet which keeps you anonymous on the network.
2) Keeps Away Hackers
Hackers are serious threat to holders of bitcoin and other digital currencies. This is a valid reason to consider using a bitcoin tumbler such Bitcoinmix.org. The real benefit comes from the fact that you can move BTC from your usual wallet to another after mixing the coins. This will help keep prying eyes from following the movement of your assets. You may have heard of malicious threats such as dusting and clipperboard attacks. It makes sense to keep low profile to avoid becoming a target of hackers.
3) Safeguards Your Privacy
If you have ever used an exchange, it is likely that you have conducted KYC. Blockchain analysis firms easily track the identity of the owners of various wallets and what transactions they made. This makes it easy for anyone to know how much BTC you own. Bad players can also take advantage of this. So it is not a bad idea to use a mixing service to protect your identity whenever you are transacting with an exchange. This would help hide the total volume of BTC you own and your transaction history.
4) Prepares You for Unfavorable Regulations
Cryptocurrency regulation is a grey area so there is no certainty the direction it would take in future as many governments are still trying to understand it and make relevant laws to govern it. The main challenge has been its decentralized feature, yet some governments have attempted to ban or restrict its use. You wouldn’t want to lose your coins if your government becomes anti BTC. Your best bet is to always use tumbling services such as Bitcoinmix.org to hide your identity and the volume of coins that you own.
5) Protects You from Criminals
People have been kidnapped or even killed because of their digital assets. These are people whose identities were exposed because of the way they used crypto. You don’t expose your net worth to strangers. You shouldn’t do that with your cryptocurrencies too. You can avoid prying eyes and third-party blockchain analysis tools from tracking your identity and knowing how much coin you own by using tumbling services to mix your BTC.