A mixing service, sometimes called a mixer or a tumbler, accepts bitcoin deposits and sends different pieces of bitcoin back to the user in the same amount.
A mixing service, sometimes called a mixer or a tumbler, accepts bitcoin deposits and sends different pieces of bitcoin back to the user in the same amount. When done properly, this effectively obscures ownership of the bitcoin and allows users to privatize their bitcoin. Mixing services have run into legal disputes and several have been shut down and charged with money laundering. This is because mixing services, unlike CoinJoin services, take custody of user funds.
Get weekly custody analysis and Bitcoin education delivered to your inbox.