Many think that Bitcoin transactions are anonymous because the blockchain itself offers a level of anonymity as long as users do not tie personal information with their bitcoin address. An example of that is the bitcoin creator, Satoshi Nakamoto who was able to remain anonymous. However, most people who make bitcoin transactions can be identified much easily.
Every bitcoin transaction is recorded in a public ledger and anybody can see it. If you reveal your bitcoin address somewhere online that means that all your transactions activity can be viewed too.
Bitcoin would be convenient for people who don’t have a credit card or don’t want to use the cards they have.
In the above quote, Satoshi was making reference to why Bitcoin might become the payment method for people that don’t want to associate their identity to a certain purchase. Although Bitcoin is not fully anonymous and should not be seen as a “privacy coin”, it is indeed more private than credit cards.
In traditional finance, there are banks in countries who offer a high level of anonymity to hide the source of the funds.
Bitcoin Mixers offer the same thing these banks offer. They mix cryptocurrency funds that can be identified with other funds so the original source is obfuscated. Using bitcoin mixers helps to preserve more the financial privacy.
Bitcoinmix.org offers this mixing service making hard for third parties to track your transactions.
The process is simple, you send your bitcoin to Bitcoinmix.org and they send you bitcoin from another address to your new secret address. For this service, they take a random fee between 2-5 percent. Users can also choose the fee they want to pay to move their transaction up on the priority list.
Bitcoinmix.org does not store users data. When a transaction is sent some data is temporarily stored on the website server but it is completely removed when the transaction is completed. In the worst scenario, the data is stored for 3 days when the fee to send the bitcoin transaction is very small.
Also, email communications between the user and Bitcoinmix.org are deleted 24 hours after being read.
This way the website offers a secure service where even if a third party gets access to their server will not find any data to track down their users.
Online privacy is a big concern and when it comes to money it is even bigger. There is no reason why not give your self more freedom with the privacy Bitcoinmix.org offers.