Important Things to Know before Leveraging a Bitcoin Mixer

In the last couple of years, Bitcoin has been able to build a name for itself as one of the most formidable cryptocurrency. Actually, Bitcoin has found its use-case and application in multiple areas. But its distributed ledger is a public blockchain network and hence anyone on the network can view your transactions. 

What this simply means is that any person who examines your spending patterns can decode that which addresses are controlled by similar wallets. That is where Bitcoin Mixers also known as Bitcoin tumblers come into play. A Bitcoin mixer is simply a software solution that makes it easy for users to mix their coins/tokens to maintain their privacy.

Bitcoin tumbler plays a key role in obscuring the ties that exist between Bitcoin addresses and real-world identities. For this reason, it is able to add an additional layer of privacy to all your transactions when using Bitcoin. This also applies when you want to change 1 Bitcoin to Rand.

The good news is that there are so many Bitcoin mixing solutions at your disposal ranging from full centralized solutions to decentralized solutions. You should keep in mind that the process of Bitcoin mixing entails third-party services in breaking the link between the receiving addresses and wallet addresses sending tokens.

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By now you might be wondering what the essence of using a crypto mixer is, yet you can simply convert Bitcoin cash to rand. With most merchants across the globe accepting Bitcoin payments, you will find it easy in tracking your details when you make a purchase. In this this way, your user identity may be easily exposed on any merchant website you decide to use.

It is worth noting that mixers are not without their flaws. After all, it’s unlikely that someone else in the mixer sent the exact amount of Bitcoin as you, minus the tumbler’s fee. In the event that a law enforcement agency knows the address use by its first suspect, and if the second suspect is the only one to have received a little less of a specific amount, it won’t be too hard to reconnect the flow or money.

For those who are not into using what a Bitcoin mixer offers, then you should consider taking advantage of what crypto exchange platforms offer investors and traders. With such a platform, you can exchange Rand to Bitcoin without feeling the heat. Things are not any different when you want to convert ZAR to Btc.

Either way, that’s not to say you should choose a crypto exchange for the sheer sake. Keep in mind these platforms are not created equal and differ in so many ways. For this reason, you should take it upon yourself to do a bit of research here and there before you finally convert ZAR to Btc.

To lend a helping hand, why not consider leveraging what Remitano offers crypto traders and investors? Check it out today to find out more before deciding on anything.