As we all know, after hackers get a large amount of money by attacking smart contracts, most of them will choose to mix their money into Tornado Cash. By severing the relationship between the deposit address and the withdrawal address, hackers can launder money and exchange virtual currency for cash in the future. For Tornado Cash users, the liquidity in the mixing pool determines whether the user can hide the whereabouts of the funds well, especially when the amount of funds is very large. With the sanctions imposed on Tornado Cash in August 2022 and the sharp drop in liquidity within founder Alexey **Tornado Cash's contract, we have also observed a significant increase in traffic from some other mixing channels on Ethereum, such as USDT swap exchanges like Mixingcash.
What is a USDT Converter Exchange?
USDT Swap Exchange is a cryptocurrency exchange that allows users to make instant cryptocurrency exchanges without providing personal information (Know Your Customer (KYC). While they are essentially meant to serve on-chain traders, there are some characteristics that lead to these exchanges being often used as tools for mixing coins:
Anonymity: Trading through these exchanges does not require users to provide any personal information, and users only need to have an on-chain address to trade directly.
Cross-chain transactions: Users can trade assets on multiple chains, making it difficult to track the flow of funds, especially if the platform supports private tokens such as Monero (Monero) and Dash (DASH).
Lack of strict compliance review: MixingCash does not freeze transaction funds, because transactions are completed in a short period of time, unless the stolen funds come from a very well-known project, such as Curve.
Convert Transactions: The entire trading process is automated, and transactions are usually completed within 30 minutes at the latest.
The trading experience on the MixingCash Converter exchange is somewhere between CEX and DEXs. Unlike CEX, users do not need to transfer funds into a wallet controlled by the exchange and then complete the transaction through the order book, but instead trade with a KYC-free exchange as the counterparty, eliminating the process of deposits and withdrawals. Unlike DEXs, transactions are not done through smart contract execution, but through the backend of the exchange.
Here we take the deep mixer exchange process of mixingcash as an example to introduce it:
The MixingCash Mixer is also known as the MixingCash Deep Coin Mixer due to its deep exchange function. Through the deep exchange mode, you can exchange BTC for more than 2 tokens (including BTC) with a delay, you can adjust the exchange ratio of each token according to your needs, and the exchange time can also be selected by yourself, with 6 fee modes to choose from, with a minimum selection time of one hour and a maximum of 24 hours. Through the deep exchange model, on-chain matching tracking can be broken and the anonymity and security of personal crypto assets can be realized.
The introduction of the MixinCash deep exchange mode provides digital currency users with more comprehensive privacy protection options, allowing them to manage their assets more intelligently when mixing coins, which not only provides users with a higher level of privacy protection, but also creates a richer and more innovative experience for users.
What are the benefits of using the MixingCash Deep Mixer?
In the deep exchange mode, the exchange time of the mixingcash mixer is selected as at least 1 hour, and the correlation of the address will be completely disconnected before and after use, which ensures that your transaction path cannot be traced and matched on the timeline. They can only find out where your coins are going, but they can't trace them to the final receiving address. In addition, each mixing will exchange at least one token for two tokens. For example, when you send USDT to the Mixingcash mixer, the received currency can be ETH, BTC, TRX, DASH, or USDT on a different chain. Also, you can adjust the percentage of each receiving coin so that you can't infer your final receiving address, even in terms of amount.
Is it safer to be deep mixed for a longer period of time?
If you choose a longer exchange time, the transaction records on the chain will be more and cumbersome, and on-chain detectives will not be able to track and match the whereabouts of your funds, so the longer the exchange time you choose, the safer the funds you exchange, and the higher the handling fee.
Cryptocurrency tracking methods such as Misttrack usually require sorting out the movement of transferred funds and then monitoring them in real time. However, when the funds are processed through the deep mixer, you will end up with two or more coins that cannot match your address in equal or equivalent amounts. In addition, by adjusting the longer mixing time, it is also impossible to determine the specific direction of the funds in time.
This design of the Deep Mixer breaks the traditional money tracking model. Monitoring mechanisms such as SlowMist often rely on a clear trajectory of funds on the chain, while deep mixers mix funds multiple times and eventually return them in the form of multiple currencies, making it impossible for trackers to match user addresses based on the correlation of the same amount.
Adjusting the longer mixing time makes it more difficult to monitor methods such as slow fog. Over longer time frames, the flow of funds becomes more complex and unpredictable, making it impossible for monitors to accurately determine where the funds will ultimately go. This design effectively improves the privacy and security of user transactions, and provides a more powerful tool for the privacy protection of digital assets.
Summary. MixingCash Deep Mixer works with a number of exchanges and exchangers to ensure the safety of funds** and does not keep any logs and transaction exchange records. This is unmatched by many well-known exchangers such as fixedfloat, changenow, changelly, etc. Mixingcash firmly enforces a no-logs policy to ensure that users' mixing behavior is completely private and will not be leaked or recorded.
Unlike other mixers and exchangers, MixingCash doesn't have any KYC policy. In its operating history, there has never been any report that Mixingcash has ever stopped user orders and required KYC verification. This underlines our strong stance on user privacy protection. Standing out among the many mixers and exchangers and being recognized as "well-known" is enough to prove the success and security of MixingCash in the industry. Its commitment to protecting user privacy, as well as its close cooperation with a number of exchanges, have made Mixingcash a leader in the field of user privacy protection and digital asset mixing.