Glossary A to Z

Power your knowledge on crypto.
Search your way through with us
Glossary

Coin Mixer

What is Coin Mixer?

Software firms called coin mixers to act as a go-between for parties wanting to send and receive bitcoins. As an illustration, Person A wants to give Person B one Bitcoin (BTC), but they do not want this transaction to be able to be tracked. Person A would seek the assistance of a coin mixer business. The quantity of Bitcoin will be delivered to the coin mixer. This transaction will then be combined with several other transactions by the coin mixer to create a greater quantity of the same cryptocurrency, which will then be distributed to the chosen recipient addresses.

One thing to keep in mind, though, is that currency mixers bill a fee for their mixing services. It is crucial to remember that the majority of coin mixers charge a percentage-based fee. As a result, the more cryptocurrency you add to the mixer, the more fees you'll have to pay.

Experience better crypto trading with UnBlinked
Today is the day to take your crypto trading to the next level.