Launched six months ago, a new online currency mixing service called “Bitcoin Laundry” is fast becoming the first choice of many users in the altcoin community for its easy to use interface and tight security. While the hype surrounding digital currencies lure users by the promise of virtual anonymous transactions, the reality is that most users transactions are tracked back to their actual physical identities if a government or hacker ever wants to dig into their personal information.
What is more, there have been a number of scams and frauds committed in this field of business. This has made the whole system questionable since it’s basically impossible to protect yourself from any possible danger even when you use a service like this. The best way to avoid any fraud or scams, however, is to choose carefully the online currency mixer that you choose to use, which is the first step in using a safe and secure online currency market.
As a safe exchanger, it’s your job to make sure that everything goes well and that no matter how much information that you’re providing to other members of the site, they don’t steal any of it or make any mistake on any transaction that they do with your private information. The company will perform several verification steps before giving you access to the site, and also after the initial verification process, your personal information is encrypted and kept under lock and key. Visit here for more information about tumbler bitcoin.
The encryption is done by a unique combination of encryption algorithms, including an algorithm known as HMAC that makes it very difficult for other websites to read the information that you provide them. The encryption makes it impossible for hackers or other users of the website to read any information that you provide in exchange for your funds.