A Guide to Mixero – All You Need to Know About This Bitcoin Mixer
Bitcoin transactions are pseudonymous, not anonymous. That means they are traceable, making it easy to expose users’ identities. People who want to transact anonymously on the Bitcoin blockchain must use crypto mixers like Mixero. Continue reading this guide to learn how Mixero works.
Mixero Defined
Mixero is a leading crypto mixer that boosts the anonymity and privacy of Bitcoin transactions. Besides making transactions untraceable, Mixero offers numerous security features to enable users to transact safely. Among the features is the onion link, which gives users access to the Tor browser to transact more securely and privately.
To ensure maximum anonymity, Mixero offers a sophisticated mixing mechanism that converts BTC to XMR and vice versa. XMR is the native token of Monero, one of the well-known privacy-friendly blockchains.
So, how much BTC can you transact via Mixero as of September 2024? Data on the crypto mixer’s website shows that the minimum BTC amount per transaction is 0.002, while users can transact up to 250 BTC per transaction.
How Mixero Works
Here is how Mixero makes it difficult for third parties to trace Bitcoin transactions:
Use of CoinJoin Technology
Mixero utilizes the CoinJoin technology to conceal the origin and destination of Bitcoin transactions, making them untraceable.
While Bitcoin addresses do not include users’ personal information, they can traced back to users’ IP addresses. If someone identifies your IP address, they can easily track you down.
That’s where CoinJoin comes in. This technology addresses traceability problems by combining numerous Bitcoin transactions into a single transaction. Doing so makes it challenging for onchain lookers to identify details of individual transactions. That also means it becomes impossible to determine the sender and the receiver of a particular transaction.
Once Mixero has combined multiple transactions using CoinJoin, it sends the single transaction to the Bitcoin blockchain so that miners can process it. It is worth mentioning that the combined transactions are recorded as one transaction on Bitcoin’s public ledger.
Use of Advanced Mixing Mechanism
As mentioned earlier, Mixero temporarily swaps BTC to XRP and vice versa to enhance anonymity and privacy. This is facilitated by the Monero bridge. When BTC is converted to XMR, the source and recipient addresses are hidden, automatically making the combined transactions untraceable.
Mixero’s Key Features
These are the features that make Mixero unique:
Automatic Wallet Generation
A new wallet address is generated and assigned to a transaction added to the Mixero mixer. None of the generated addresses are associated with any crypto exchange, so using exchanges’ transaction records to track them is impossible.
The Ricochet Tool
Mixero has introduced its Ricochet tool, which adds extra steps between the source and recipient to increase transaction privacy. The idea is that the additional steps will complicate attempts to trace transactions.
Zero Data Footprint
The Mixero mixer implements a no-logs policy. That means it doesn’t store transaction histories or user data. Once transactions have been combined and the single transaction processed by the miners, Mixero deletes related information automatically.
Tor Integration
To enhance anonymity, Mixero lets users access the Tor browser via onion links, which anonymizes IP addresses.
Mixero Guarantee
There is a guarantee letter attached to each transaction on Mixero. The letter includes a commitment from the crypto mixer that it’ll deliver promised services. Users can use the letter to resolve any issue that may arise, like failed transactions.
A Step-by-Step Guide to Using Mixero
Follow these steps to start transacting anonymously on the Bitcoin network:
1. Go to Mixero.io and click the “Mix Now” button.
2. Press “CoinJoin” and enter your receiver’s address. Next, choose your ideal service fee. Note that when you pay higher fees, Mixero will process your transaction faster.
3. Enter the amount of Bitcoin you want to mix and use the “View Calculator” feature to see how much BTC you will receive after the service fee has been deducted.
4. Agree to Mixero’s Terms and Conditions and click “Proceed” to initiate your transaction.
Once this is done, wait for your BTC to arrive in the receiver wallet within a few minutes or hours.
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