A bitcoin blender (also known as a bitcoin tumbler) helps users increase their anonymity by obfuscating the source of a specific transaction. Mixers also make it difficult for investigators to track the movements of stolen cryptocurrency.
The US Treasury imposed sanctions against Blender and its operator last year for helping North Korean state-sponsored hackers launder tens of millions in stolen virtual currency. Blender is now replaced by Sinbad, a new mixer that has reportedly been used to launder the proceeds from several ransomware hacks.
What is a Bitcoin Mixer?
A Bitcoin mixer, also known as a tumbler or mixing service, is a privacy-enhancing tool that increases the anonymity of cryptocurrency transactions. When you send or receive Bitcoin, the transaction is recorded on a public ledger called the blockchain. This can be traced back to your original wallet address, revealing your identity and potentially leaving a footprint for malicious actors to follow. Mixers obfuscate this trail by mixing your coins with those of other users, making it difficult to link the original source to the final destination.
To do this, mixers pool the funds deposited by users into a large pool of jumbled coins. Then, they distribute the resulting mixture among many different output addresses. Finally, they return the coins to the depositing user. The process can take some time, depending on the size of the transaction and the number of output addresses chosen.
While crypto mixers can be useful tools for users seeking enhanced privacy, they are not foolproof. With enough resources and determination, a skilled adversary could still uncover your transaction trail. However, they do provide an extra layer of defense against malicious actors, so it’s always a good idea to use them whenever possible. They are especially helpful for those who are transacting in large amounts of Bitcoin.
BTC blender is a simple but reliable bitcoin tumbler service. It offers low transaction fees, splits deposited coins between 5 different addresses and allows users to control the latency of their transactions. This makes the mixer ideal for large volume bitcoin payments. The service is also located offshore which gives it extra privacy protection for users. It supports two cryptocurrencies and offers the ability to delete logs from past transactions. It also offers a free test account!