What is Bitcoin Tumbling and why do it?

What is Bitcoin Tumbling and why do it?

Bitcoin and other crypto-currencies have become a very big deal since its inception in January 2009 when the very first transaction was recorded to the blockchain. Since this time multiple other crypto-currencies have come into existence, an entire crypto-currency market has been created and the technology is making waves in the overall economy.

As with all technology it can be used for good or bad and Bitcoin is no different. The technology has grown in popularity and many people desire to use it in a secure, anonymous manner that would make it difficult to identify them. One option would be the use of a Bitcoin Tumbler. This tool was created because every Bitcoin transaction is written to a public ledger called the blockchain. Anyone can track Bitcoins as they are transferred between addresses.

When used properly the process of tumbling Bitcoin may increase your chances of remaining anonymous. This tool is useful to people looking to maintain their privacy, those who may be in restrictive countries or someone looking to make a purchase without it being tracked back to them. It also may be used to launder stolen Bitcoins, make illegal purchases or avoid leaving the paper trail found with traditional currencies.

Presented by