Why people do Bitcoin mixing and what can be its applications?

Bitcoins are the most popular and the oldest virtual currency used by the people. It is the first decentralized system of transferring virtual currency that makes the users full privacy by eliminating the mediators. The reason why bitcoin is widely used all over the world is that it is awesome. It has very low transaction charges and makes your work done in few minutes only. It is said to be the fastest and the most anonymous way to transact. However, these transactions are not that safe as you consider them to be. There is a comprehensive database known as blockchain which records all the activities publicly. Anyone can use this blockchain to trace your transaction history. To overcome this problem, the concept of bitcoin mixing was used.

Bitcoin mixing uses a third party service which breaks the connection between the source and destination so that it becomes difficult to trace. In the process of bitcoin mixing the service provider exchanges your bitcoins with that of different people so that no one can trace your bitcoin transactions and information about your ID. This process is also called bitcoin tumbling, and the service provider is known as bitcoin mixer.

What can you do with the help of bitcoin mixing?

Bitcoin mixing is best when you do not want to reveal the information of your transaction. It not only lets your information be safe from the trackers but also let you perform fully anonymous transactions. Here are some of the examples or applications of mixed funds:

• You can make an anonymous purchase without giving away your payment details and preventing the e commerce companies to sell your transaction information.

• It is best when you are planning to make secret donations to charity or anyone else.

• This is very helpful in hiding the money in accounts in the emergency situations or when all your assets are in danger.

To avail all the benefits of bitcoin mixing and making your transaction safe, make sure you choose the best bitcoin mixer available online.