Buy Биткоин BTC
Bitcoin (BTC)
Buy Эфир ETH
Ethereum (ETH)
Buy BNB
BNB (BNB)
Buy Ripple XRP
Ripple (XRP)
Buy Tron TRX
Tron (TRX)
Buy Polygon Matik
Polygon (MATIC)
Buy Solana SOL
Solana (SOL)
Buy Dogecoin DOGE
Dogecoin (DOGE)
Buy Avalanche AVAX
Avalanche (AVAX)
Buy Cardano ADA
Cardano (ADA)
Buy Polkadot DOT
Polkadot (DOT)
Buy Syscoin SYS
Syscoin (SYS)

What is Tumbler (Crypto Tumbler)?

Crypto Terms Glossary: What is Tumbler (Crypto Tumbler)?

Cryptocurrency tumblers (also known as mixers) provide a custodial mixing service where a user deposits cryptocurrency to be mixed for privacy reasons. Although coin mixing doesn't guarantee complete privacy, it makes tracing transactions more difficult. These services are sometimes used to launder "dirty coins," which are garnered through criminal activity. This is done by mixing dirty coins with coins from different wallets, then transferring the "cleaned" coins to another wallet. While cryptocurrency mixers are also used for non-criminal purposes, some countries have cracked down on their use altogether. Service providers typically charge a 1-3% fee for this type of service. These services seem to be waning in popularity as newer, non-custodial options have appeared.

Share this news and win 10 USDT with daily contest on CryptoFingers Telegram.
Press Releases: Gate.io Celebrates 11th Anniversary with Prize Activities and Vision for the Future
Gate.io, a leading crypto exchange and Web3 innovator, has announced its 11th-anniversary celebrations, showcasing its milestones and launching prize-winning activities for its global user..
Market and Events: Binance launches small and mid-cap initiative
Cryptocurrency trading platform Binance aims to address the prevalence of tokens with low market capitalization compared to their fully diluted value (FDV). To address this issue, Binance is..
Press Releases: Happening Right Now - Marginly is Bootstrapping Liquidity
Marginly, the leverage-as-a-service protocol that enables one-click leverage on yield-bearing assets, kicked off its Liquidity Bootstrap Event on May 15. The protocol is rewarding..
Altcoins: The founder of Telegram commented on the launch of the Notcoin token
Pavel Durov, the creator of the Telegram messaging platform, shared his thoughts on the introduction of the Notcoin (NOT) cryptocurrency. He emphasized that the initiative has attracted more..
Make crypto bots for trading