Most people believe that Bitcoin is an anonymous currency. However, every transaction since the launch of Bitcoin is recorded in a public ledger, the blockchain. Legal enforcement or large corporations can trace back all transactions that you receive or send to any digital wallet.
As such, you will need to cover your tracks if you want to send or spend Bitcoin anonymously. This process involves “mixing” the Bitcoins. Bitcoin mixing or tumbling utilizes a third-party service to break all the connections between the source and destination of the currency. This article provides you with a basic step by step guide on how to mix Bitcoin.
- Getting Started. You will need a few things to get you started. First, you need the Tor browser to access the internet and darknet anonymously. Second, you require a bitcoin wallet (Market Wallet) that contains the bitcoin you want to mix. Here, you can use any wallet, even one that is created on the clear net. Third, a basic understanding of how to fund a wallet and send bitcoin. Finally, look for an encrypted and plain text note to track all the information you will need in this process.
- Burner Email and anonymous Wallet. Use the Tor browser to create a new wallet. Make sure you use a burner Email address from services such as Guerilla Mail. Use a .onion website to create the wallet. The new wallet will be empty and with no ties to you. Make a note of your Wallet ID since you will need it to log into the wallet dashboard later.
- Fund the New Wallet. The new wallet is known as an intermediary wallet, and it is not connected to either you or your PC. Never access this wallet on the clear net. Instead, always the Tor browser. Now, you need to send bitcoin from your market wallet to the intermediary one. If you have sent bitcoins before, this should be a straightforward process for you. Send the amount of bitcoin you wish to mix to the intermediary wallet.
- Create the final wallet. This step involves creating the third and final wallet. This wallet is the ultimate destination for your mixed bitcoins, which you can now spend freely. Use the Tor browser to create this wallet and use a different burner email and password. We can call this the “mixer” wallet. Create several addresses to increase the anonymity between you and your mixer wallet. Multiple addresses make blockchain analysis more difficult by spreading the bitcoin with randomized amounts to these addresses. Go to Settings, Addresses, Manage, and then Add Next Address.
- Mix your Bitcoin. This step is crucial for you. At this stage, you will require a third-party service. You will find several options on the net, but here is the best bitcoin mixer. Open a new tab on your Tor browser and create an account with your bitcoin mixer. Enter the addresses you created in your mixer wallet. Make sure each address is on its line and without any punctuation. You can enter a minimum and maximum delay for your transactions. Click on the mix button. Write down the mix ID on your encrypted note. You can use this ID in case you need support to help you with something.
- The Minimum you can withdraw during the writing time is 0.01 BTC. As such, you will require enough coins to cover 0.01 BTC and any other fees incurred by the network and mixer service by the time the next mix is complete. Network fees are never similar, and mixers charge a fee between one and three percent. If you do not have enough coins, your transaction will fail. Log back into your intermediary wallet that contains the bitcoin you wish to mix. Click the send button and enter the mixing address from your third-party service and the amount you want to send. Click continue to send the bitcoin. Your bitcoin mixer will receive the coins depending on the delay you added.
- When your bitcoin mixer receives the coins, you will have your new and untraceable coins. You can now spend your new bitcoins, just like a typical transaction. Always use the Tor browser when logging into this account. However, ensure that none of your intermediary wallet addresses that you sent the bitcoins from are similar to the mixer wallet addresses that received the coins.
Although the Tor browser provides enough anonymity, you can also use live operating systems such as TAILS that run off of CDs or USB drives to maximize your privacy.