What Is a Bitcoin Mixer – And How Does It Work?
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If you’re familiar with the fundamentals of the Bitcoin blockchain, then you know that it's a public ledger where you can view every transaction along with associated wallet addresses. However, the real-world identities of the wallet holders are hidden.
Well, not entirely. There are ways to uncover the names of wallet holders. That’s why blockchain addresses are said to be “pseudonymous,” rather than anonymous.
The need for privacy has led to the rise of Bitcoin mixers, also known as Bitcoin tumblers.
Keep reading to understand what these are, how they hide your financial transactions and identities, whether they’re legal, and the various types of mixing services available.