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June 19, 2024
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CoinJoin and YoMix: what will you choose?

Even though cryptocurrencies were created, among other things, to preserve the anonymity of users, the increasingly active regulation of the crypto industry led to the introduction of financial industry standards into it and increased transparency. In this case, tumblers play a vital role.

What is CoinJoin?

There are two main types of tumblers – centralized and decentralized (based on CoinJoin technology). In the case of CoinJoin, multiple users combine their transactions into one by combining inputs. In such a situation, even the mixer operator cannot tell which user this or that output belongs to. Also, the service cannot steal coins because for the transaction to be considered valid, all users must sign their inputs with a private key, after which it will not be possible to modify it.

CoinJoin mixers are used in the Wasabi and Samourai wallets, the most popular Bitcoin wallets designed for anonymity. You can activate the mixer when sending a transfer from the wallet. CoinJoin does not provide complete anonymity because the sending and receiving addresses are still visible on the blockchain. In addition, there are tools for deanonymizing transactions passing through such mixers.

Why is YoMix better?

The YoMix cryptocurrency mixer has gained a reputation as one of the most reliable, simple, and easy to use, as evidenced by the many positive reviews left by its users. This Bitcoin tumbler allows users to enter up to five addresses, to which “clean” coins will be returned. Its undoubted advantages are:

  • a large reserve fund, which ensures a high speed of transactions;
  • low, and besides, a dynamic service fee of 0.5%-3%;
  • the anonymity of work;
  • mixing coins using the latest algorithms;
  • intuitive interface;
  • all actions users perform are disposed of at the end of the transaction.

All users are issued letters of guarantee with confirmation of transactions on the site. Information about the status of the transaction can be viewed in the Order Status section. The process of the platform does not differ from other services.

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