Post
Topic
Board Bitcoin Technical Support
Merits 4 from 3 users
Re: Can Bitcoin Mixer services be trusted?
by
o_e_l_e_o
on 27/03/2022, 13:27:32 UTC
⭐ Merited by BlackHatCoiner (2) ,Cookdata (1) ,ETFbitcoin (1)
you don't have the associated private keys to your deposit and you risk losing your money but no one is discussing that which I'm having interest on.
Yes, this is a risk. When you deposit coins to any exchange, casino, mixer, etc., then you are giving up custody of them. This is a risk I am willing to accept with ChipMixer due to a number of reasons: Firstly, I am mixing small amounts of coins at a time and not leaving amounts I can't afford to lose in the custody of a mixer, and secondly, they have mixed hundreds of thousands of bitcoin over the years without a single incident of loss or theft.

why not go through Coinjoin where you have access to your keys than a mixer that you have to trust about your privacy and custody of funds.
Coinjoin is another useful tool, but it is neither perfect nor infallible:

Still, it seems that Wasabi has never been as safe as we all think:
Using a capability that is being disclosed here for the first time, Chainalysis de-mixed the Wasabi transactions and tracked their output to four exchanges.