A Day of shared feelings. But everything in life is in balance – What I mean with that? We have received today several complaints about SmartMixer Bitcoin tumbler which was one of the leading in the industry and I have had to update our review and warn our readers to avoid it until the details are cleared. Then started to do a lot deeper due diligence regarding BitMix.Biz Review. Honestly, I am really impressed regarding the quality of BitMix Tool for Anonymizing Bitcoin Payments, and even doing my personal due diligence in my channels I could not find anything shady regarding BitMix BTC mixing platform. So let’s continue with the BitMix.Biz Review and Why you should need a Tool for Anonymizing Bitcoin Payments.
Bitcoin might be a safe and fast way to transact, but it doesn’t guarantee complete anonymity. A highly motivated hacker can easily trace your records.
But thanks to BitMix, a platform that anonymizes crypto payments, you can send crypto stress-free knowing all your payments are completely safe. It’s an effective tool that functions by combining each transaction with a host of other transactions. Usually, the mixing process takes only a couple of minutes.
The final coins that a user receives back are completely new and untraceable. BitMix.biz is a trusted Bitcoin mixer that will help you give your Bitcoin transactions the security and anonymity that you are looking for.
What is Bitcoin Mixing?
I said Bitcoin is easier to trace but wasn’t it supposed to be anonymous? Well, it is but not the way it’s generally presumed to be. Bitcoin transactions can’t be linked back to the “owners” of the funds as long as the owners didn’t use any personal Identity proof while purchasing their coins as Bitcoin wallets can be created anonymously.
However, the number of funds sent, the sender’s and the receiver’s BTC address along with any BTC address’ net worth can still be publicly and easily verified for every single BTC transaction.
That’s where Bitcoin Mixing comes to the aid, it’s a process by which users can de-link their transactions, so you can send funds from one wallet to another without leaving a trail to trace or just de-link the original purchase of the coins from the later spends.
Users send their coins to a Mixer, the mixer keeps the user’s coins, and sends coins from its own reserve to the user’s receiving address, hence there’s no link between the coins sent by the user and the ones received by him/her which can then be used for any and all purposes without being linked back to the user’s purchase of the initial coins.
BitMix Overview Review
Here’s an insight of the mixer consisting of all the most important aspects and features offered by it, all of which will be discussed in their entirety in the later sections:
- Clearnet Link: https://bitmix.biz/
- Onion URL: http://bitmixbizymuphkc.onion/
- Feedbacks & Discussions: https://bitcointalk.org/index.php?topic=2099519
- YouTube: https://youtube.com/watch?v=JCn2QyvLQEM
- Twitter: https://twitter.com/coin_mixer
- Coins Supported: Bitcoin, Litecoin, Dash
- Minimum Deposit: 0.005 BTC
- Fee: 0.4% + 0.0005 BTC for additional address
- No logs policy: Yes (Auto delete after 72 hours or Manually)
- Time Delays: Yes, User Controlled
- Additional Addresses: 5
- Distribution Control: No
- Registration Required: No
Review Why would you need BitMix.Biz?
A few years ago, Bitcoin gained immense popularity due to its acclaimed anonymity, a factor that attracted a multitude of users. However, the hype cooled down when users learned the ins and outs of Bitcoin and how transactions are carried out. In simple terms, Bitcoin anonymity is just a myth. Anyone can get into the publicly available ledger and track down any transaction they wish to.
BitMix.Biz gives your coin the complete anonymity that you are looking for. For starters, once you deposit your Bitcoins to the platform, BitMix.Biz functions by crushing the transaction into small parts which are then transferred into diverse directions. Thereafter, the platform will return the coins in the same amount as deposited but as completely new coins that are untraceable. Here are some valuable specifications that BitMix.Biz has for you.
- Complete anonymity
- Support for multiple cryptocurrencies
- A multi-language platform
- Instant transfer
- Ability to set custom fee
- Letter of guarantee
- Support of randomized option
Cryptocurrencies supported at BitMix.biz
If you ask around, many crypto-holders know that mixing services are only limited to Bitcoins. Well, BitMix.Biz has included several other cryptos like Dash and Litecoin. According to inside sources, plans are underway to include more coins that will ensure every crypto-holder is accommodated.
Is Registration Required at BitMix?
No, BitMix is a completely anonymous platform and hence doesn’t require registration or any other personal details such as names, Identity proofs or anything which can be linked back to your real-life identity.
Review How Easy or Hard is it using BitMix?
Throughout this section, I bring to light the user-interfaces of the mixers being reviewed. The easier and simpler it is, the better it’s considered to be.
This is what welcomes users as soon as they land on the homepage, it’s noteworthy that the homepage is the mixing page as well and no further clicks or navigations needed to get to the mixer.
As is evident, even though you’ve never before used a Bitcoin mixer the steps to use this one are almost self-explanatory and can be understood by just about anyone.
It simply asks for a Bitcoin deposit address where the user wishes to receive his/her clean funds, followed by a pretty well-placed “Add Address” button for additional addresses and then two sliders for time-delays and service fee!
So as far as user-interface goes I’d rate it a 5/5 for the purposes of this BitMix review, let’s take a glance at the other features the mixer has to offer.
Review How does BitMix partner program benefit you?
BitMix has an exciting partner program that is exclusively designed to reward its loyal clients. How does it sound getting paid for every completed transaction made by all your invited users?
All you need to do is share your referral link to all your connections either on social networking platforms or colleagues. For every BTC mix that they transact via the platform, you get paid. Now imagine how much you can make if 100 of your connections transact via the platform. You’ve got to try it out, the program is a real catch.
Review How many Additional Addresses does BitMix support?
The number of Additional addresses any mixer supports is the number of extra addresses, in addition to your primary output address where your funds can be sent to.
It’s a feature which increases anonymity and security for the mix in two major ways:
- The total funds are split into many different parts (depending on the number of additional addresses chosen) and hence the input amount (unclean coins) and the output amount (clean coins) to each address vary widely.
- More addresses greatly increase the hardship for hackers to hack or steal your coins.
As for BitMix it supports 5 additional addresses, this number isn’t that great when compared to most other mixers with similar features which go on to offer a minimum of 10, or even 20 at times. But then again, 5 to is an acceptable number as far as anonymity factors are concerned.
Does BitMix Allow Time-Delays? Are they User-controlled?
Time-Delays are simply the amount of time the mixer waits before sending users their clean coins. The longer the wait is, the harder it’ll be to link the input of unclean coins to this delayed output of clean coins.
On the contrary, if the mixer sends out the clean coins as soon as it receives the unclean funds; because both the transactions would be quite close to one another they may raise red flags for hackers or whoever’s watching.
Well, the answer to the above question is, yes BitMix does allow Time-delays. As shown in the above screenshot the delays are controlled using sliders, the maximum delay users can opt for is 72 hours which is at par with other mixers in the industry.
The second part of the question was-user control. It denotes the number of control users get over the time-delays, well BitMix offers user-control over the delays, it does let users control each address delay, which is like the starting-point before which no funds are sent out.
What are the Minimum and Maximum Deposit limits at BitMix?
The minimum deposit limits matter in this BitMix review because any Bitcoin mixer which has a high minimum limit won’t be suitable for the average Bitcoin holder, the maximum limit, however, matters only if you’re mixing in bulk, or are a millionaire.
The minimum deposit limit on BitMix is 0.005 BTC which I must say is lower than most other similar mixers who have set their limits at 0.001 BTC, hence BitMix has a clear win here.
The maximum limit, however, is limited at 988.73 Bitcoins, this probably is their total Bitcoin reserve, amounts larger than this aren’t sent out. Even though there are other mixers with a maximum limit in the thousands, it doesn’t really matter because most of you folks reading this aren’t probably mixing half a million dollars anyway.
Review Does BitMix Store Logs?
This is, without doubt, the single most important factor when it comes to any Bitcoin mixer review, the same holds true for this BitMix review as well. The sole reason someone uses a Bitcoin mixer is for anonymity and privacy, hence if a mixer stores log there’s no privacy there whatsoever.
Fortunately, BitMix has a strict no-logs policy and its retention period is just 72 hours or manually immediately.
The retention period is the shortest possible and is important for support on queries related to the transactions.
What Fee does BitMix charge for Mixing Bitcoins?
Fee too is without doubt one of the most important factors when it comes to mixing Bitcoins. The lowest fee that BitMix accepts is 0.4% of the transaction which is pretty cheap even when compared to other mixers.
And it also provides user-control over the fee so users get to manually increase the fee using the slider to a maximum of 4%. Changing the fee for each mix adds to the anonymity.
BitMix.biz BTC Tumbler Review Conclusion
Although the initial reason for why cryptocurrencies were created was to circumvent the monetary barriers imposed by government or central banks, you must have noticed that this has proved to be more difficult task than what was imagined.
However, with the Bitcoin services offered by platforms such as BitMix, it’s possible to achieve the original purpose of bitcoin that is based on total anonymity and security. Such services will encourage the global economy to scale up faster than any fiat currency can possibly achieve in decades. To know further, you can refer the FAQs