They paid 100 users to use and review their service. Did not a single one of these users continue to use the service afterwards? That's a pretty big red flag.
I saw no reason to use this
after my review. TL;DR: The privacy policy is a nightmare, the 6 digit PIN security is questionable, the withdrawal fees are very high (50 to 8800 times the on-chain fee), the overall feeling was confusing. The claims (1 million dollar transaction volume on average from each of the 1 million users) unbelievable. Lots of buzz words, but no information on how to recover funds. I don't want social contacts for emergencies. Even normal withdrawals were very complicated, and after testing the whole thing feels custodial.
I see no reason why anyone would ever use this:
From all the reviews I've done, this one was by far the furthest out of my comfort zone. I had no idea what I was doing when I started. I can only imagine this is worse for Bitcoin newbies.
We all agree that Mixin was a very complicate to use and from the first use, I truly thought that since this service was too complicated and had many security steps, it would actually be one of the most secure platform. The setup process was too complicated, especially for a newbie but after that, it was okay, still, they could structure their web architect in a better way to make one major platform instead of three one. But there is a thing that I think about, first of all I couldn't imagine if it was that easy to hack them when users were pushed to had multiple security layouts and then, how were there so many users using this complicated platform? It's too complicated to be used by hundreds of thousands of people.