With the increase in the use of internet the online and virtual transactions have also increased. People today believe transacting in the fastest mode of the world that is the internet. This is the reason why the trend and importance of virtual currency have caught hype. Whenever we talk about the virtual currency the concept of bitcoin mixing always strikes in the mind. This is the most talked about thing in the world of economic internet. If you are aware of it, then you might know what we are talking about, but if you are new to this term, then it is important that you first understand its basics. Below are some most important things that everyone should know about bitcoin mixing.
What are bitcoins?
Bitcoins are the most popular crypto currency used all over the world. It is the first ever decentralized digital currency that is used in the digital payment system. The best thing that made bitcoin popular was that it could be transacted between two people and eliminates the role of an intermediary. This makes the transaction more personal and secure. Many people also use it for the purpose of investment.
What is bitcoin mixing?
Though bitcoin transactions are said to be the safest and anonymous, but the truth is that they are not totally safe. There is a copy of block chain that is freely available at the back end. Anyone who has that copy can easily track your transaction history and can derive all the important information. This is the time when the bitcoin mixing comes at a rescue. Your bitcoins are mixed with by a coin mixing service provider mixes others bitcoins to your address to confuse the people tracing you. This has made bitcoin transactions unmatched and perfect. The best bitcoin mixer takes your cash and gives some new cash to your secret identity making the process totally full proof.