Coin Mixer

A Coin Mixer is a service, software, or wallet that mixes cryptocurrencies held by different users to maintain user anonymity and privacy despite the blockchain network being publicly visible to everyone.

The use of a Coin Mixer makes it extremly difficult to track individual transactions on the blockchain and has been found to be used in illegal activities in addition to its legal use. Global law enforcement agencies have shut down many Coin Mixers in recent years for this reason.

See also: Blockchain Explorer, Double Spending.