Blockchain allows third parties to know how wealthy you are because it is an open ledger. It is just as if you kept your bank statement at a place where even strangers can have a look at it and know your financial worth. In an age in which our privacy is continually compromised, no one with a substantial volume of bitcoins and ethereum would want everyone to know how much they have.
Have you ever paid a freelancer or bought goods with cryptocurrency? Even when you use an exchange, your wallet id could expose you to unwanted scrutiny and there are many who are on the lookout for wallets with substantial volume of coins. Some of these people gain access to your wallet address when you make purchases or conduct any other transactions through their websites.
Furthermore, every website saves your credentials in their database so in case of data leaks, hacks or simply untrusted employees of that website where you purchase goods, services, hosting etc. could link your credentials to your personal BTC or ETH address and use that info for bad purposes.
These are some of the reasons why you need the services of a blender to ensure that your privacy is protected and your funds kept safe.
Many users of cryptocurrencies think that they can be used anonymously. But this is not the case with the most popular ones such as Bitcoin, Ethereum and Litecoin. A good crypto mixer makes sure that your privacy is protected while using these cryptocurrencies. The service may yet expand their service to other cryptocurrencies but at the meantime, these are the digital assets that it blends.
Bitcoin mixers or blenders are not born equal. With advancements in blockchain analysis, it takes good blenders to keep you anonymous while making transactions. Using blenders with poor algorithms would leave no one in doubt of its shoddy efforts at making the user anonymous.
Keeping hackers at bay is worth every effort put into it. Service fee is usually lower than 5 percent but makes sure that every transaction made through it is hard to trace. The service doesn’t store personal information of users so it is very safe to use.
