What is a cryptocurrency mixer?

What is a cryptocurrency mixer?

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A cryptocurrency mixer is a tool allowing to increase the degree of anonymity for working with cryptocurrency, complicate or make it practically impossible to track transactions in the system. 

A cryptocurrency mixer is a tool allowing to increase the degree of anonymity for working with cryptocurrency, complicate or make it practically impossible to track transactions in the system. 

 

There are two types of mixers:

 

- Centralized mixers: when sending the cryptocurrency to the address of the service, the coins are mixed with transactions of other users, and then enter the store desired by sender less commission of 0.5-3% of the transferred amount. 


- Peer-to-peer mixers: act as a meeting place for users, enable exchange without the participation of third parties by forming a single transaction that takes place in several stages. With exception of the server that performs mixing, no client knows the addresses of senders and receivers. 

 

Successful anonymization is in direct proportion to the number of users who use the platforms. Peer-to-peer mixers are safer, because there are no risks associated with theft performed by a mediator.