Demand for Cryptocoin Mixing Rises Significantly During COVID-19

Since the start of the global health crisis, demand for anonymous mixing or tumbling of Bitcoin and other cryptocurrencies has risen at an almost unprecedented rate. That’s according to leading Bitcoin exchange and mixer CryptMixer, which has noted rapidly growing activity across its platform over the last 12 months. As a result, CryptMixer – which has been offering a consistent, reliable service to users for the past five years – has extended its supported currencies from six to 33, including Ethereum, USDT and Monero.

The rise in demand comes as investors seek alternative opportunities following increased volatility in the stock market as a direct result of the pandemic. The BBC reports that Bitcoin hit a three-year high in 2020 of $17,000 – or £12,800 – thanks to growing interest from investors, but also notes ‘concerns about the fraudulent trading in cryptocurrencies following a succession of high profile hacks’. CryptMixer aims to reduce risks through its mixing service quickly and easily by selecting cryptocurrency pairs to exchange and boost anonymity.

The rising demand for CryptMixer’s tumbling service over the past year has seen the platform become one of the fastest growing cryptocurrency exchanges and mixers to date, with a 500,000+ customer transaction volume.

Mark Sheppard, CEO of CryptMixer, said, “As both investment in cryptocurrency and concerns regarding data security have increased during the pandemic, we understand just how important it is for users to be able to act quickly, safeguarding themselves while developing new business opportunities. That’s why we’ve decided to support even more cryptocurrencies, without boosting our fees or inconveniencing our users in any way. Despite our growth, we’re still guaranteeing low service fees, and providing unrivalled customer service to support our users in every way.”

While Bitcoin has long been thought of as being anonymous, it is still possible for hackers using advanced technologies to gain access to private or personal information during transactions. Mixing and tumbling services, such as those offered by CryptMixer, can be used to exchange coins from across various transactions to protect user identity and ensure complete anonymity.

The service works by obscuring the transaction pathway to mask any connection between user information and the cryptocurrency they use by exchanging coins with other users of the platform. This ensures that any transaction trails are eradicated, greatly reducing the risk of identity theft.

The CryptMixer service is available to anyone, regardless of location, with no Know Your Customer (KYC) or Anti Money Laundering (AM)L restrictions. Exchanges can be made for a low 0.05% fee, with affiliate links providing publishers with 50% commission on any exchange undertaken using that link.

To find out more about CryptMixer, visit https://cryptmixer.com