As of July 1, the MiCA regulation has come into effect in the EU, marking a tightening of cryptocurrency market regulations and, consequently, increased scrutiny over the "cleanliness" of digital assets.
Even before the new rules were implemented, centralized platforms were wary of funds associated with crypto mixers, and now screening has become even more stringent. Traditional mixing methods like CoinJoin are no longer safe, as they are easily analyzed, forcing users to seek additional privacy measures.
In collaboration with the Mixer.Money team, we explore the advantages of the "Full Anonymity" mode and demonstrate how it works.
How the "Full Anonymity" Mode Works and Its Benefits
Every year, more commercial de-anonymization services for coins emerge, and centralized exchanges (CEX) are tightening their monitoring, significantly increasing the risk of fund blocking.
Mixer.Money offers two modes: the standard "Mixer" and "Full Anonymity."
The first mode is suitable for quick and inexpensive cleansing without serious anonymity requirements. However, there is a risk of exposure through cluster analysis or receiving coins with questionable histories.
"Full Anonymity" is designed for deep mixing with bitcoins obtained from reliable sources and screened by the platform.
Source: Mixer.Money.In this mode, clients' coins are not mixed together. They go to a premixer, are anonymized, divided into random parts, and sent by the platform to private investors and traders on centralized exchanges.
Clients receive coins back from other platforms and investors. Mixer.Money does not mix the same bitcoins, so the connection between the coin owner and other mixer clients is almost completely eliminated.
The system selects transit wallets for each cleansing order that return amounts without change. Additionally, in "Full Anonymity," the mixer chooses the optimal time for fund returns, reducing the risks of de-anonymization.
The platform also does not allow clients to specify the percentage distribution of funds among receiving addresses. Instead, the selection of transit wallets with exchange assets is done in such a way that no change remains on them. This enables the formation of "simple," unnoticeable transactions.
Diagram of different mixing modes. Source: Mixer.Money.This mode is more complex to use, but as stated by Mixer.Money, it is currently the only way to protect wallets from cluster analysis.
How to Use the "Full Anonymity" Mode
- Select the mode
Visit the Mixer.Money website. On the homepage, choose "Full Anonymity" from the list of modes.
Source: Mixer.Money.The service will prompt you to enter up to two addresses where the cleansed coins will be sent. The quality of mixing is higher if both are provided.
Prepare addresses for sending and receiving assets in advance — they should not share a transaction history. We sent coins from the Trust Wallet extension for Chrome and received them in the desktop version of Electrum.
- Enter the addresses
Find an empty address in your bitcoin wallet and copy it, selecting a second one if necessary. This is where the coins from the exchanges will return.
Source: Author's archive.Return to the Mixer.Money page and paste the bitcoin addresses into the designated fields. Then click the "Mix my Bitcoin" button.
Source: Mixer.Money.- Review the application
After clicking the button, a mixing application opens. It remains active for seven days (168 hours), which is sufficient time to send coins from an external platform.
Source: Mixer.Money.The page contains four elements:
- the wallet address to which bitcoin must be sent for mixing;
- a QR code duplicating the sending address;
- a button to receive a guarantee letter (recommended for review);
- a fee calculator.
The last one helps calculate how many bitcoins will return after mixing.
Source: Mixer.Money.
Before sending coins, carefully review the guarantee letter. It contains all the conditions and necessary details regarding the order: the address for sending coins, the return address, the fee amount, and the mixing time.
You can verify the authenticity of the document using the PGP key. Keep the letter until you receive the cleansed coins. If a dispute arises, it will confirm the transaction in correspondence with support.
- Send the coins
Now, send the coins. Copy the generated address or use the QR code.
Sending coins to the mixer address via Trust Wallet. Source: Author's archive.The cleansing begins after the first confirmation of the transaction on the bitcoin network. You can track the progress through any blockchain explorer.
- Wait for the return
The service guarantees the return of cleansed coins to the address specified in the application within six hours.
Cleansed coins at the Electrum address. Source: Author's archive.It is important to remember that in "Full Anonymity" mode, bitcoins are sent back in different parts. If an incomplete amount returns, wait for the mixing process to complete.
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In light of tightening regulatory requirements and increased monitoring by exchanges, traditional mixers are becoming ineffective. The "Full Anonymity" mode from Mixer.Money offers an alternative approach that avoids mixing client coins and uses exchange wallets to sever connections. In return, the user loses control over the timing of returns and the distribution of amounts among addresses.