Coin mixers are like VPNs but for cryptocurrency. Some VPNs require closer examination to determine if they’re truly effective — coin mixers are no different. Coinomize is a popular Bitcoin mixer on the market today, but does it live up to its reputation? This Coinomize review aims to give readers an accurate picture of the platform in 2024.
KEY TAKEAWAYS
• Coinomize is a Bitcoin mixer. It ensures privacy by preventing your BTC transactions from being traced.
• The basic tumbling service has high fees but stands out with above-average customer service.
• The platform caters to users seeking to enhance their privacy, anonymity, and security on the blockchain.
Coinomize review at a glance: Overall rating
Coinomize’s fees are high. However, responsive, strong customer service makes the mixer arguably worth the extra cash.
Coinomize even took steps to change its anti-DDoS provider, Cloudflare, to protect users’ data in response to customer concerns, underlining its commitment to user security.
| Coinomize features | Mixer service fees | Transaction fees | Privacy | Security | Competitive comparison | BIC overall score |
| BIC Score | 3/5 | 5/5 | 4/5 | 4/5 | 3/5 | 3.8/5 |
What is Coinomize?
Coinomize is a Bitcoin mixer, also known as a Bitcoin tumbler or just mixer. The purpose is to prevent anyone from tracing BTC back to its owner.
If you don’t use a mixing service, anyone can easily track your wallet addresses and transactions on the blockchain.
Welcome offer / bonus
Coinomize provides a referral program that allows users to earn rewards by referring others to their services. More specifically, users can enjoy a lifetime commission for each referral.
Sign up to Coinomize here to claim your welcome bonus.
This commission amounts to 25% of all fees generated by the referred users.
For example, if your referral mixes 1 BTC on Coinomize with a 4% mixing fee, the fee would be 0.04 BTC. You would earn 25% of that fee, which is 0.01 BTC. So, as of Aug. 30, 2024, with the BTC price hovering around $60k, your rewards would be (0.01 BTC x 60,000 =) $600.
You can easily track all your earnings using your dedicated affiliate panel, which provides statistics, and then make straightforward payouts to your registered Bitcoin address.
What are crypto mixing services?
Crypto mixing services enable owners to conceal their transactions effectively. For instance, this would be the equivalent of searching someone’s bank account balance and transactions on Google.
Who is Coinomize for?
Coinomize caters to users seeking to enhance their privacy and anonymity on the blockchain. These services also attract security-minded users who view coin mixers as a safeguard against potential threats or harassment.
Coinomize’s primary user base includes privacy-conscious individuals who wish to obscure the source of their funds, making it challenging for sleuths to link their Bitcoin addresses to their real identities.
Businesses and enterprises engaged in Bitcoin-related activities may use mixing services to protect sensitive data and confidential business information from competitors and hackers.
Traders and investors often turn to mixers to obscure their trading histories or holdings, preserving their financial privacy. Additionally, journalists and activists, particularly in regions with restricted freedoms, utilize coin mixers to shield their financial transactions from scrutiny.
What are the key features of Coinomize?
Now, let’s take a look at what Coinomize does. Below is a list of the tumbler’s distinguishing features:
- Mixing services: Coinomize provides the core service of mixing or tumbling bitcoins to enhance privacy and anonymity.
- Time delays: Options for users to specify time delays for their mixed transactions to obscure the origin of the coins further.
- Privacy policy: A clear privacy policy that outlines that no user data is retained under any circumstances.
- Letter of guarantee: This ensures that the Bitcoin address displayed is coming from Coinomize servers.
- Customer support: Coinomize guarantees a response to support tickets within 24 hours at the latest.
- Coinomize code: This guarantees you never get back the coins that you sent in the past.
- Multilingual: Coinomize is available in 11 different languages.
Mobile app
Coinomize offers a mobile app. When using Coinomize for your Bitcoin transactions on mobile, only a single confirmation is required.
Coinomize maintains a strict no-logs policy, ensuring that no records of your transactions, including your IP address or Bitcoin addresses, are stored. The service automatically deletes all order data within 24-72 hours, depending on the delay time you choose, and you also have the option to delete it manually.
Coinomize aims to provide flexibility in choosing your fees, which range from 1% to 5%, depending on your desired level of anonymity, in addition to a fixed 0.0003 BTC miner fee.
The mixing process typically completes within 24 hours. Furthermore, you can adjust the service fee and transfer delay to align with your specific anonymity preferences. Opting for higher fees and longer transaction delays enhances your anonymity.
For added security, Coinomize introduces random time delays of several seconds for each additional address when selecting more than one output address.
Coinomize pros and cons
Here’s a quick rundown of the benefits and limitations of using Coinomize:
| Criteria | Pros | Cons |
| Transaction speed | Single confirmation speeds up Bitcoin transactions. | Nil |
| Privacy | No-logs policy ensures no transaction records. | Nil |
| Data handling | Automatic data deletion within 24-72 hours. | Nil |
| Anonymity customization | Adjustable fees and delays enhance anonymity. | Complexity may confuse new users. |
| Referral benefits | Lifetime commissions through the referral program. | Nil |
| Transaction process | Random time delays for each additional output address. | Nil |
| Minimum deposit requirement | Minimum deposit is 0.0015 BTC per added output address. | Nil |
| Cost | Nil | Fees range from 1.5% to 5%, possibly high for some users. |
| Geographical restrictions | Nil | Access restricted in certain geographical regions. |
How does Coinomize compare with other mixers?
| Features | Coinomize | Wasabi Wallet | Bitcoinmix |
| Minimum deposit to mix | 0.0015 BTC | 5000 sats | 0.002 BTC |
| Mixer service fee | 1.5% – 5% | 0.3% for (tx) above 0.01 BTC | 0.3% |
| Transaction fee (per payout address) | Varies | Varies | 0.0001 BTC |
| App | Android/ IOS | Desktop | No |
| Minimum number of confirmations | One | One | N/A |
Coinomize has a few trade-offs to consider compared to its competitors. Firstly, Coinomize’s customer support policy at first seems pretty standard compared to competitors like Wasabi Wallet, which has a response time of 24 hours.
However, Coinomize is notably very responsive and attentive to its users’ concerns. Rest assured that you will not receive boilerplate responses. This is where this mixer stands out.
The minimum deposit required for a conjoint is low compared to other mixers—just 0.0015 BTC. However, when compared to the Wasabi Wallet, which also offers mixing services, Wasabi takes the cake with a minimum of 5000 sats.
Additionally, Coinomize’s fees are relatively high compared to similar services. The service fee ranges between 1.5% to 5%. Similar mixers like Bitcoinmix have a service fee of 0.3%, and the transaction fee is 0.0001 BTC per payout address. The Wasabi wallet also has a fee of 0.3%.
Competitor zoom-in
Bitcoinmix lacks some of the features of Coinomize and Wasabi Wallet. It also has a notably higher minimum deposit requirement of 0.2 BTC and lacks a mobile app, unlike Wasabi and Coinomize.
Note that Wasabi Wallet is not a dedicated mixing service. Rather, it is a desktop wallet that offers mixing as a feature.
Invest responsibly
This Coinomize review is not intended to be an official endorsement of the platform. Mixers should never be utilized for the purpose of money laundering, handling illicit funds, or dealing with ill-gotten gains in any way.
A basic Bitcoin tumbling service
The Bitcoin tumbling service was perhaps a game-changer in its heyday. However, compared to options on the market today, this Coinomize review finds that there are better alternatives. For example, Bitcoinmix has a fee of 0.3%. Even on the high end, mixers like Unijoin have fees of only 1%- 3%.
As it stands, any coinjoining service worth its salt will have the bare minimum of privacy features. In this category, Coinomize is effective. Simply put, Coinomize is a basic Bitcoin tumbling service — nothing more, nothing less. While a solid option, it is not a market leader in 2024.
Frequently asked questions
To use Bitcoin anonymously, you can employ several strategies. First, consider using a bitcoin mixer or tumbler service to obfuscate the transaction trail. Second, use a VPN or Tor to mask your IP address when accessing Bitcoin services. Lastly, avoid linking your real identity to your bitcoin wallet by using privacy-focused wallets and refraining from sharing personally identifiable information in bitcoin transactions.
The legality of Coinomize, like many cryptocurrency-related services, can vary depending on your jurisdiction. Coinomize itself states that it adheres to legal regulations and does not engage in illegal activities. However, it’s essential to research and comply with the cryptocurrency laws and regulations in your specific region before using Coinomize or any similar service.
Crypto mixing services, also known as cryptocurrency mixers or tumblers, are tools or platforms that enhance the privacy and anonymity of cryptocurrency transactions. They work by taking multiple users’ cryptocurrencies and mixing them together, making it challenging to trace the original source or destination of funds. These services are often used to improve privacy and break the link between a user’s identity and their cryptocurrency transactions.
A transaction mixer is a privacy-enhancing tool or service used in the world of cryptocurrencies. Its primary function is to obscure the source and destination of cryptocurrency transactions, providing a higher level of anonymity for users. Transaction mixers achieve this by combining multiple transactions into a single batch, making it difficult to trace individual transactions back to their origin.
There is no specific information indicating that Coinomize is regulated by any financial authority or government entity. Cryptocurrency mixing services, in general, often operate in a regulatory gray area, and their status can vary by jurisdiction. Users should exercise caution and conduct their own research to understand the legal and regulatory implications.
Coinomize, as a cryptocurrency mixing service, is typically accessible globally over the internet. It doesn’t restrict access based on geographic regions, and users from various countries can utilize its services. However, Coinomize does specify that it is available in 11 different languages.
The minimum deposit on Coinomize is 0.0015 BTC. This is relatively low compared to many of its competitors. However, cryptocurrency services may update their deposit requirements over time, so it’s advisable to check Coinomize’s official website from time to time.
Yes, Coinomize offers a mobile app, providing users with the convenience of using its Bitcoin tumbling services on mobile devices. This mobile app allows for greater accessibility and flexibility in managing cryptocurrency transactions and enhancing privacy while on the go. Users can download and install the Coinomize mobile app on Android or IOS devices.
Yes, Coinomize offers a referral program where users can earn rewards by referring others to use their services. Specifically, users can receive a commission for each referral, which can be a lucrative way to earn rewards by promoting Coinomize to others interested in enhancing their cryptocurrency transaction privacy. This referral program adds an incentive for users to bring in new customers and benefit from the platform’s services.
Coinomize aims to provide timely customer support, with a commitment to responding to inquiries within 24 hours at the latest. This response time suggests a reasonably responsive support system for users who may have questions or encounter issues while using the platform. However, the effectiveness and quality of customer support can also depend on the nature of the inquiries and individual user experiences.
Disclaimer
In line with the Trust Project guidelines, the educational content on this website is offered in good faith and for general information purposes only. BeInCrypto prioritizes providing high-quality information, taking the time to research and create informative content for readers. While partners may reward the company with commissions for placements in articles, these commissions do not influence the unbiased, honest, and helpful content creation process. Any action taken by the reader based on this information is strictly at their own risk. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
