Litecoin mixing service
As digital currency is spinning up across the globe, Litecoin holders have become more aware about the anonymity of their transactions. Everyone was of the opinion that a sender can remain disguised while forwarding their coins and it turned out that it is not true. Because of the implementation of government policies, the transactions are traceable meaning that a sender’s electronic address and even personal identification information can be revealed. But don’t be worried, there is an answer to such public administration controls and it is a crypto tumbler.
To make it clear, a crypto tumbler is a program that breaks up a transaction, so there is an easy way to blend different parts of it with other transactions used. In the end a user gets back the same number of coins, but mixed up in a non-identical set. As a result, there is no way to track the transaction back to a user, so one can stay calm that personal identification information is not revealed.
As maybe some of you are aware, every crypto transaction, and Litecoin is not an exception, is imprinted in the blockchain and it leaves marks. These marks play an important role for the government to trace back criminal transactions, such as purchasing guns, drugs or money laundering. While a sender is not associated with any illegal activity and still wants to avoid being tracked, it is possible to use accessible cryptocurrency mixers and secure sender’s identity. Many crypto owners do not want to let everybody know the amount they earn or how they use up their money.
There is a belief among some internet surfers that using a tumbler is an criminal action itself. It is not completely true. As outlined above, there is a possibility of cryptocurrency mixing to become illegal, if it is used to hide user’s illegal actions, otherwise, there is no reason to worry. There are many platforms that are here for cryptocurrency owners to mix their coins.
However, a crypto holder should be careful while choosing a Litecoin tumbler. Which platform can be trusted? How can a crypto holder be certain that a tumbler will not steal all the deposited coins? This article is here to reply to these concerns and help every Litecoin holder to make the right decision.
Litecoin, although considered confidential, leaves about past operations, to whom and where the coins were sent, and on this trail anyone can reveal you if they wish.
Therefore, when you purchase Litecoins and transfer them to other wallets, these transactions are visible to everyone and absolutely transparent.
Thus, anyone interested can figure out who is buying LTC and to which account the coins are being transferred. This is where the services of the Litecoin toggle switches we are talking about may be needed.