Bitcoin Mixer, or Bitcoin Blender, is a service that allows users to send their bitcoins through a series of anonymous transactions in an effort to obscure ownership traces and increase privacy when making crypto transactions.

Bitcoin Mixer works by combining bitcoins from multiple users into one pool, mixing them, and then returning the same amount to users in the form of “new” bitcoins that are unrelated to their original addresses. This process helps hide traces of transactions and sources of funds, providing a higher level of anonymity.

Although Bitcoin Mixer can improve privacy, the service is often criticized because it can be used for illegal purposes, such as money laundering or funding criminal activity. Therefore, many regulators and authorities view Bitcoin Mixer with suspicion, and some countries have even banned the use of this kind of service.

 

Examples of Bitcoin Mixer usage in sentences

“To protect their privacy, some users choose to use Bitcoin Mixer before making large transactions with crypto.”

“Law enforcement often has difficulty tracing the origins of funds that have gone through Bitcoin Mixer because the transaction trail has been obscured.”

“While legal, the use of Bitcoin Mixer may attract attention due to the risk of misuse for illegal activities.”

 

Apart from the term Bitcoin Mixer, which has been explained here, there are many other crypto terms that you can learn more about. You can find information about these terms in the most complete crypto dictionary from Indodax Academy.

 

Source:

https://en.wikipedia.org/wiki/Cryptocurrency_tumbler