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BitMix brings back anonymity in crypto transactions

Rakshitha Narasimhan

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BitMix reintroduces the concept of anonymity in cryptocurrency transactions
Source : BitMix

Anonymity is one of the key characteristics of cryptocurrency transactions. With KYC, AML and other procedures in place, major identity problems have risen while converting crypto to fiat and back. Customer identity is checked at every step and with this, the identity is no longer a secret. The Bitcoin community is aware of this,  turns to ‘mixing services’ as a reliable solution.

Cryptocurrency mixer is a term that is used to basically facilitate spending, storing and sharing cryptocurrencies; they also help keep the transaction data completely private. BitMix is one such cryptocurrency mixer. Among all such platforms out there, BitMix stands out as it is legitimate and affordable.

BitMix simply takes the customer’s bitcoin, mixes it with other deposits, and gives the same amount of bitcoin in return to the customer, This reduced bitcoin tracking, and also assures anonymity, which is the basic feature of bitcoin transactions.

The working of BitMix 

  1. BitMix offers multi-language support:
    BitMix offers multi-language support and thus, users can choose from a wide array of languages like English, Russian, Hindi, Portuguese, Chinese, Korean, Indonesian, German, Dutch, and even Polish. 
  2. Extends supports to Bitcoin, Dash, and Litecoin
    BitMix at the moment extends support to Bitcoin, Dash, and Litecoin.
  3. BitMix also supports Clearnet, Tor, and NoJS (without JavaScript) version
    Clearnet, Tor, and NoJS without JavaScript, helps users follow the precautions and enter the wallet address to which mixed crypto coins should come. 
  4. Minimal amount for mixing: 0.005 BTC or 0.015 LTC
    Customers can choose their preferred mixing settings and deposit on BitMix.Biz from 0.005 BTC or 0.015 LTC. This helps get to the highest level of Bitcoin anonymity.
  5. Facilitates instant transfer
    BitMix facilitates instant transfers although sometimes it might take longer than usual depending on the amount of BTC a user is mixing.
  6. Complete anonymity
    BitMix offers complete anonymity to its customers. Users can delete the data by themselves after the mixing transaction has been confirmed. BitMix also asks for very minimum information from its users. hard drive encryption and never stores any logs. 
  7. BitMix has a custom fee of 0.4-4%
    BitMix deducts a small fee of 0.4% – 4% for mining and 0.0005BTC for address output covering up any transaction charges incurred by the miners. 
  8. A code that locks users’ previous coins
    After the first exchange, the user will receive a special code. The code ensures the user never receives their own coins anytime in the future. 
  9. BitMix also supports a minimal amount of 0.1 BTC or 1 LT
    The firm allows users to receive more than one back transaction to their wallet. If not for this option, users would get just one backward transaction with clear coins, but if the service is enabled, they will receive two or more transactions per output address. This makes blockchain analysis as hard as possible.
  10. Flexible settings: Manual and Auto-adjust
    The settings can be adjusted to get maximum mixing performance
  11. Partner programs and API
    Invite other users to use the BitMix mixer and earn money on it. If you have your own commercial site, use the API code on it and increase the loyalty of clients by providing them with secure payments on the service. 
  12. BitMix provides its customers with a Letter of Guarantee
    BitMix provides its customers with a letter of guarantee. When BitMix provides them with a digitally-signed confirmation saying that the address has genuinely been generated by the server and this letter is always signed from the BitMix main bitcoin account.

Additionally, BitMix also has prepared pre-mixed bitcoins and with that in place, all the user has to do is just fill in the form and send the required amount of coins to the provided address.  This use of pre-mixed and pre-cleared crypto coins is the reason the mixing starts as soon as you click on the ‘start mixing’ button. The mixed coins will be sent back to their respective customers automatically.

Conclusion

The main principle of any Bitcoin Mixer is similar on a large scale, but choosing the right one becomes a task. Choosing BitMix provides customers with a high level of Bitcoin anonymity along with affordable rates. Transactions can be secured on BitMix just by following a simple couple of steps.

Refer to this video to learn more about working on BitMix.

Disclaimer: This a paid post, and should not be treated as news/advice.

A Psychology and Journalism graduate, Rakshitha focuses on UK and Indian markets. As a crypto-journalist, her interests lie in blockchain technology adoption across emerging economies.

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