PrivCoin Review: Bitcoin mixer with highly adjustable settings

PrivCoin offers a deep level of customization, enabling users to adjust distribution percentages, delays and fees. What we liked is its intuitive UI and lack of super-complex sliders and options which might be hard for beginners. Importantly, this is a mixer where you can mix not only Bitcoin, but also Bitcoin Cash, Ethereum and Litecoin.

Comparative Table

  • Onion URL: http://tr5ods7ncr6eznny.onion
  • Clearnet URL: https://www.privcoin.io
  • Minimum Deposit: 0.005BTC
  • Fees: 0.5%+ 0.0005/extra address.
  • No logs policy: Yes (24-hour Retention period).
  • Time Delays: Yes, User controlled.
  • Additional Addresses: 10
  • Deposit Percentage control for different address: Yes, user controlled.

Is PrivCoin a scam?

It's definitely not a scam and it's been a popular mixer for cryptocurrencies for a long time. You can find lots of positive reviews online, confirming its good status in the industry.

What's its biggest advantage?

Here, you can mix not only Bitcoin, but also Ethereum, Bitcoin Cash and Litecoin. Since most cleaners enable you only to mix Bitcoin, this makes PrivCoin stand apart from the competition.

Is it easy to use?

Yes, as compared to some other mixers out there, PrivCoin sports a pretty smooth and intuitive UI, making it easy to mix. Even if you are a newcomer in the industry, you'll find no problem with cleaning your coins here.

How to use PrivCoin?

Let's have a look at how exactly you can clean your dirty coins at this website. Though you can clean Bitcoin, Ethereum, Bitcoin Cash and Litecoin, we'll present the information only about handling Bitcoin, while the other crypto coins work pretty much the same way.

Let's divide the whole process into Stages to simplify the explanation.

Stage 1: Choosing the coin to be cleansed

At the first stage, you need to pick the coin you want to clean at PrivCoin. Go to the site's main page. There you'll see these coins to be picked from.

Click on the Bitcoin's icon, and you'll get transferred to this page.

This is a pretty weird page since all you need to do is to click the button "Get Started?". Maybe, the creators wanted to publish this page, so that they have the opportunity to show the text below clarifying that it's not only criminals who can benefit from mixing their crypto holdings, which is totally true.

So, all you need to do is to just click this button, so that you can move forward with your mixing operation.

Stage 2: Adjusting mixing settings

At this stage, you'll need to adjust the settings for your mixing gig. Let's have a deep dive into how you can do that.

Does it have a mixer code?

Yes, but it's called here the "Previous Transaction ID". You would get one after you've performed the first transaction at PrivCoin. This code is the same as the mixer code used at other sites. What it does is making sure that you'll never receive any of your own coins that you've previously cleansed at the service. Importantly, this "previous transaction ID" stores information about all of your previous transactions, and not just the last one.

Then, you need to specify the address in the field below.

How many addresses can I specify?

At PrivCoin, you can use up to 10 addresses for each mixing operation which is a decently high number as compared to other services on the market. It gives you a good chance to distribute your outgoing transactions among several addresses, so it's very hard to track your footprint across the blockchain.

You'll have to pay 0.005 BTC for each additional address anyhow, so you need to decide whether using additional receiving weallets is worth the effort.

To add the second wallet, you need to first specify the address for the first wallet in the field, and then click the "+" symbol to the right of the address ID.

This is what you'll see after you've specified the second address.

And now it's time to discuss how you adjust settings in this PrivCoin review.

Here's the picture of the fields you'll see below the addresses' IDs.

How to adjust the distribution percentages?

To do that, you need to scroll the first slider to the right or to the left. Importantly, if you create 3 or more addresses, the distribution slider will enable you to create uneven portions for your output transactions.

And having the unequal portions is probably the major point you need to remember when mixing your coins. Since if you leave the shares equal, you'll automatically open your mixing operation to a potential deanonymization attacks by blockchain analysts.

What's the fee at PrivCoin?

The next slider is used to set the fees you'll have to pay. In contrast to many other mixers, you can decide on the fee size on your own. The possible values range from 0.5% up to 4%. This is yet another mechanism you can use in order to muddy the waters when mixing your crypto.

But, if you don’t want to pay more than what you have to, you'll end up with the lower-limit fee of 0.5% which is pretty low as compared to many other mixers available online.

How to set the delay period for your output transactions?

In order to adjust the delay periods, you first need to click the button "Set time delay (Optional)". Here's a screenshot for this button.

After you've clicked on the button, the new slider will show up. Use it to determine the delay periods for each distribution portion. The delays will be shown to the right from the address ID at the top.

Who can use this mixer?

In contrast to almost all other providers online, PrivCoin asks you to confirm that you are not a citizen of the United States or the Netherlands, and that you do actually have the private keys for the input and output wallets. These might be seen as just a formality since the website doesn't have any registration to fill in, so there's basically no way for anybody to verify whether you've specified the data correctly or not. But, still, this is a highly unusual thing to see at a mixer's website.

Check the two fields and click the button "Mix my coins".

Stage 3: Saving Transaction Data

At the next page, you'll be shown some data about the transaction which you need to save in order to be able to reach out to the website's admins in case something goes wrong.

Here's a screenshot for these two pieces of data.

First, you need to click on the letter of guarantee's link and download respective data from that link. Make sure that you store it safely.

Second, you should also copy and save the "Current transaction's ID".

Importantly, you'll be able to prove that you created the transaction only with the help of these two data pieces since the website doesn't require any registration and thus no records about the fact that you made the respective transaction is stored internally at the platform.

Stage 4: Calculate the exact amounts

Below, at the same page, you'll see the calculator. Use it in order to determine the exact input and output amounts, taking into account the fee you have to pay. This is an extremely useful function when you are using the mixer in order to make a payment to another person and you want that person to receive a specific amount.

Stage 5: Depositing the dirty coins

And now you need to deposit the coins you want to clean. You can either use the wallet's ID or the barcode, whichever suits your needs.

What are the deposit limits at PrivCoin?

The minimum limit is 0.005 BTC and the maximum limit is currently 20 BTC. We are sure that these are the values that most of the users out there will find completely sufficient for their operations.

You have to wait for a specific amount of confirmations before the platform recognises your transaction as validly completed. For Bitcoin, it's like this: less than 5 BTC - 1 confirmation; Less than 25 BTC - 3 confirmations; Less than 50 BTC - 5 confirmations; More than 50 BTC - 9 confirmations. For other coins, they have their specific values, so you should check out the PrivCoin’s FAQ page to learn about those.

Conclusion

All in all, PrivCoin is a pretty easy-to-use mixer for several coins including Bitcoin. It enables you to adjust the distribution percentages and delay periods for each individual output address. In addition, you can set your own fees in order to obfuscate your footprint even more. PrivCoin enables you to use up to 10 output addresses. The lowest fee is 0.5% and the minimum limit is just 0.005 BTC. Unfortunately, the platform doesn't categorize the mixing coins in any ways, which means that you can't control the "level of cleanliness" for the coins you'll receive.

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