by on November 27, 2021
How Does ChipMixer Work? Similar to other Bitcoin Mixer services, ChipMixer mixes the funds of its users together, then returns them to users in an effort to confuse blockchain analysts or blockchain tracking software. When used properly, a Best Bitcoin Mixer service prevents blockchain analysts from associating coins with user data. Many people compare mixing services like ChipMixer to banking services in countries like Panama, the Cayman Islands, and the Bahamas. Then, users send money to ChipMixer, and users receive chips of bitcoins as a receipt of their deposit. Specifically, ChipMixer works by utilizing a number of bitcoin wallets containing predetermined amounts of bitcoin. This adds an additional layer of random complexity. For an even further layer, ChipMixer lets users bet and donate chips. ChipMixer lets users bet chips – but it’s not a casino. ChipMixer funds these addresses before users deposit bitcoin. It works in a similar way to merging and splitting, but with an extra bit of fun involved. Instead, users can bet a certain number of chips, then receive either nothing or double that amount. To anonymize the service even further, ChipMixer lets users split and merge any chips they have. Due to betting, the amount you put into ChipMixer may not always be the same as the amount you take out. Donating also works like merging and splitting. Using these methods, your inputs and outputs won’t always match, which is why ChipMixer provides an additional layer of anonymity. Aside from voluntary donations, there are no fees involved with ChipMixer. It adds additional layers of complexity to the operation. Every day, people move their fiat currencies through banks in these countries because they have stricter secrecy laws. ChipMixer works in a similar way. Donating funds the mixer itself, and does not require any commissions on transactions. If you deposit 0.112 BTC, you’ll receive 0.064 + 0.032 + 0.016 BTC. Since each chip was funded before your deposit, there’s no link between your chips and your deposit on the blockchain. When a user withdraws funds, it means their chips are removed from ChipMixer’s list. Ultimately, ChipMixer has chips in all different sizes, including 0.001 BTC, 0.002 BTC, 0.004 BTC, and so on until you reach 4.096 BTC. The reason ChipMixer uses chip sizes of 0.001 BTC, 0.004 BTC, etc. Chip withdrawals cannot be viewed on the blockchain. is to make them easy to split and merge. Then, they receive a private key to sweep the address. If you had a chip of 1 BTC and split it, then your minimal chip would be 0.015625 BTC, which would make the process more complicated. Yes, your deposit is viewable, but the chips you received in exchange for your deposit cannot be traced back to you. What are the Benefits of Choosing ChipMixer The Best Bitcoin & Tumbler Mixer ChipMixer promises a number of benefits over other mixing services. Some of the benefits include: Full control over mixing, including deciding if you want to bet and donate your chips or use them as-is; this makes the process more random and thus, harder to trace Fungible outputs (every chip is exactly the same) Outputs are faster than inputs; from the blockchain’s perspective, you spend your bitcoins before sending them to a mixer, which makes them difficult to trace Output may be higher or lower than your input because of optional betting, which makes transactions even harder to trace Use multiple small inputs to merge into one big input off the blockchain; you can pay for a larger purchase using many smaller chips, for example, for further anonymity ChipMixer waits 48 hours by default for your input transaction, although they can wait even longer on request Outputs can be used instantly; you receive a private key immediately and you can set your own miner’s fee There’s no fee; it’s a donation only service, and you can pay as much as you want Lightweight pages with no JavaScript required. Right now, they do not take any commission either. Their set up kind of looks like this. ChipMixer is looking to fundamentally change the way Coin Mixers work to give users better access to privacy. Who is the Best Bitcoin Mixer? This adds an additional layer of random complexity. These addresses have been funded before any user deposits their Bitcoin to ensure maximum privacy. Bitcoin addresses have been made containing predetermined amounts of Bitcoin in them. The user deposits their Bitcoin into the service and they receive their chips as a receipt of their amount. This is not a casino, but the way this bit works is that users can bet an amount of chips and will either receive nothing or double that amount. In an effort to further mix the -now- chips the user has, ChipMixer who are the Best Bitcoin Mixer lets users split and merge the chips they have. Donating also acts like merging and splitting, adding layers of complexity. This kind of acts like merging and splitting, but with a bit of fun involved. This funds the Bitcoin Mixer itself since it does not charge any commission on transactions. As does some of their other features such as betting and donating. Chip withdrawals are not visible on the blockchain, and can even appear as days before the initial deposits to add another privacy layer. Withdrawing a user’s funds means that their chips will be removed from ChipMixer’s list and then they will receive a private key to sweep the address.
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