Best Ethereum Mixers in 2025 (Updated) The evolving landscape of cryptocurrency has underscored the importance of privacy in Ethereum transactions. With blockchain offering transparency by design, Ethereum mixers (or tumblers) have emerged as crucial tools to anonymize transactions. In 2025, several platforms have solidified their reputation as reliable services for ensuring privacy. Here’s an updated review of the best Bitcoin mixers this year. Tornado Cash Alternatives The protocols competing for the Tornado Cash user base ELLIPTIC BRIEFING NOTES | 2022 Tornado Cash: The Alternatives 2 Executive Summary On August 8th 2022, the US Treasury Department’s Office of Foreign Assets Control (OFAC) sanctioned the popular Tornado Cash decentralized mixer. Processing over $7 billion worth of cryptoassets throughout its operation, Tornado Cash was used by criminal entities – including North Korea’s “Lazarus Group” state cyberhackers – to launder over $1.54 billion of illicit cryptoassets. Within a month of the sanctions, Tornado Cash liquidity pools decreased by approximately 60% – reducing its anonymizing potential for large-scale money laundering schemes. This briefing note details Elliptic’s analysis into six prominent alternative Ethereum-based obfuscation protocols that have been mentioned as potentially the next Tornado Cash. The briefing concludes with a risk matrix – devised by Elliptic’s internal investigators – on the threats posed by these services based on a number of indicators. The matrix aims to inform virtual asset services and criminal investigators on the likely risks and trends ahead. We have found that: • Numerous protocols are competing for the vast user base that Tornado Cash once had. Six such protocols discussed in this briefing have mixed over $41.5 million worth of cryptoassets to date – 0.6% of the amount mixed by Tornado Cash. • However, only $40,000 (0.1%) of these funds have originated from thefts – indicating minor criminal use at this stage. A further $100,000 originates from Tornado Cash itself – a small proportion of which was sent after sanctions were imposed. • Many protocols are based on “improved” forks of the Tornado Cash smart contract, though still suffer from small liquidity pools that make large-scale mixing less feasible. • Aspiring replacement mixers are typically active on Ethereum, Binance Smart Chain and Polygon. Stablecoins such as Tether (USDT), Binance USD (BUSD) and USD Coin (USDC) are also usually supported. • There is a growing market for decentralized finance (DeFi)-based privacy solutions that allow traders to conceal their investment strategies. There have been efforts by such protocols in particular to incorporate anti-money laundering solutions to avoid the same fate as Tornado Cash. • The post-Tornado crypto privacy industry is beleaguered with often hostile competition, with numerous protocols denouncing each other’s technology as ineffective and trying to de-mix their transactions. Tornado Cash: The Alternatives 3 The Alternatives What is it? RAILGUN is a decentralized protocol purportedly aimed for professional traders and DeFi users who wish to conceal their investment strategies. When using the RAILGUN Privacy System, wallet addresses are removed from transactions on openledger blockchains using Zero-Knowledge proof technology (zk-SNARKs). Users can obtain a report of their transactions if they wish, for example for tax reporting purposes. RAILGUN claims to be compatible with all standard ERC-20 tokens and has a wallet provider named Railway that has their features built-in. RAILGUN In their own words – RAILGUN “The goal of RAILGUN is not to strip away the third-party verifiability of actions taken on-chain, but rather to give back to users the power to choose who sees what, when, and why.” Tornado Cash: The Alternatives 4 What is it? A new token (BUCC) on the Ethereum blockchain that allows funds to be “buried” instantly for as long as desired without the need to mix, pool or cycle transactions. It also has a “decoy mode” that displays fake and changing BUCC balances on wallet provider interfaces as an added obfuscation technique. Transaction fees are paid in BUCC rather than ETH through a “Gas Station Network” (GSN), which takes a small proportion of BUCC being transferred as fees. BV3 therefore claims that it solves the “funding problem” – the issue that addresses typically need to source ETH to pay transaction fees, typically from a centralized KYC exchange. This feature is likely to be attractive to illicit wallets that do not wish to interact with AML-compliant entities to source crypto. BV3 is highly critical of Railgun (and vice versa), allegedly de-anonymizing one of their transactions in a bid to disprove their technology. Buccaneer V3 (BV3) In their own words – Buccaneer V3 “BV3 is the first cryptocurrency which is not only censorship- resistant, but also regulation-resistant. Fiat ramp control and KYC measures do nothing to impede the use of BV3.” Tornado Cash: The Alternatives 5 What is it? A mixer otherwise known as “White Wash ETH”. This service provides anonymity by allowing users to place ETH into a pool, then withdraw the ETH anonymously to any wallet of their choice – similar to Tornado Cash. Deposits are capped at five ETH – as opposed to Tornado Cash’s 100 ETH. The developers periodically deploy new contracts – with the same underlying concealed code – to undertake mixing activities. The contracts managing the five ETH deposits are allegedly capable of blocking wallets identified as associated with hacks or thefts. White Ethereum In their own words – White Ethereum “White ETH believes privacy and anonymity should be at the core of all cryptocurrency projects. The goal of White ETH is to make privacy anonymity universally available, and affordable, regardless of transaction size.” Tornado Cash: The Alternatives 6 What is it? 0xTIP is a mixer and bridge that works only with 0xMonero (0xMR), a token available on nine different blockchains. 0xMR is integrated with the Incognito privacy wallet and can be used on some online casinos. The 0xTIP mixer functions as a Telegram bot that claims to use off-chain transactions, stealth addresses, bulletproofs, ring signatures and a bridge relayer. It is capable of bridging 0xMR from Ethereum to BNB. On-chain data indicates that usage of 0xTIP is very low, with the highest deposit worth just $177. In September 2022, the developers admitted that low liquidity meant that users were struggling to mix even $100 – an issue that they previously argued made them “not a good tool for money launderers”. The developer team has no relation to Monero (XMR) or its user community, with which they are competitors and have been accused of smearing their project. 0xTIP In their own words – 0xMonero “We are not crypto anarchists, we are realists who understand that there are always those who seek to persecute and control others for their own personal gain.” Tornado Cash: The Alternatives 7 What is it? This platform is a cryptoasset mixer – described as an “improved fork of Tornado Cash” – and touted as a privacy solution for DeFi investors. It is active on the Ethereum, Binance Smart Chain and Polygon blockchains. Users obtain a “note” that proves ownership of deposited assets, which can also be used to generate a compliance report. Developers have confirmed that they will provide users’ compliance reports – essentially “de-mixing” clients’ transactions – if required to do so by a subpoena. Users are also incentivised to wait before withdrawing their deposited assets through a rewards system, which is designed to ensure maximum liquidity in the anonymity pool. Like Tornado Cash, users can deposit as much as 100 ETH/BNB or 100,000 MATIC/USDC/ BUSD at once. Black Hole is one of many applications provided by Messier 87 designed to provide privacy, but is currently offline pending a major update to “Version 2.0”. Messier 87 Black Hole In their own words – Messier 87 Black Hole “For far too long have we witnessed the exploitation of personal data, financial hardship of the public and the deliberate decimation of all forms of liberty. We cannot and will not stand by idly any longer!” Tornado Cash: The Alternatives 8 What is it? Cyclone Protocol is another Tornado Cash fork that claims to provide numerous enhancements, such as yield generation opportunities when funds are contributed to the anonymity pool. Cyclone is available on IoTEX, Ethereum, Binance Smart Chain (BSC) and Polygon. Like Tornado Cash and Messier 87, it supports the mixing of 100 ETH/100,000 USDT at once. It has a “KYC” certificate provided by an audit company, though the circumstances of its provision are vague. Cyclone also provides mixing services for TORN – the governance token of Tornado Cash – raising concern amongst users following the sanctions against it. Developers appear to have reduced their focus on the project since late 2021, with the protocol’s documentation, roadmap and social media becoming increasingly outdated. Cyclone Protocol In their own words – Cyclone Protocol “Anyone who knows that you own a particular address can quickly view your payments, trace the source of your funds, calculate your holdings, and analyze your on-chain activity. Cyclone is built to address these problems.” Tornado Cash: The Alternatives 9 Overall Trends Together, these obfuscation protocols have mixed over $41.5 million of cryptoassets. ETH, BNB, Wrapped ETH and USDT are the most commonly mixed assets, reflecting their popularity with DeFi-based investing. Note, however, that these figures and charts exclude Polygon-based assets. As Cyclone (100 ETH) and RAILGUN (no limit) have the highest mixing capacity of the tools analyzed, they make up more than three-quarters of the funds mixed by these services. White Ethereum, with a maximum mixing capacity of five ETH, and other protocols that are currently being tested or offline pending upgrades (Messier 87 and BV3) have processed significantly less. Cryptoassets Processed by Tornado Cash Alternatives Tornado Cash: The Alternatives 10 The sources of funds being by these services – for now – largely reflect legitimate DeFi trading activity. However, a smaller $40,000 – 0.16% of total – originates from DeFi thefts. This includes the xWIN Finance flash loan exploit of June 2021, which stole approximately $270,000. Of those funds, 15% ($37,000) was laundered through Cyclone Protocol. A further $100,000 originates from Tornado Cash, of which around $400 was sent through Messier 87 a week after sanctions were imposed. Nevertheless, current activity indicates that large-scale criminal adoption of these protocols has not (yet) materialized. Source of Incoming Cryptoassets by % Contribution Tornado Cash: The Alternatives 11 Conclusion Elliptic’s internal analysis identifies Cyclone Protocol as the highest risk amongst the Tornado Cash alternatives active today. Its high transaction limits, the relatively large liquidity of its mixing pools and its ability to mix the token of a sanctioned entity (TORN) makes it a cause for concern. It’s confirmed use to launder at least some proceeds of DeFi exploits, the large amount of funds it has since processed and the apparent absence of its developer team to address concerns only strengthen these risks. Also scored “medium-high” is Buccaneer V3, which has not addressed any AML concerns throughout its development. BV3 is unique to the other protocols as it takes the form of a token, rather than a service. A main mitigating factor of BV3, however, is that it claims to utilize technology that is currently being tested. Whether it lives up to the features and capabilities it has promised remains to be seen – with several rival obfuscation protocols casting doubt that it can. The remaining protocols all have mitigating factors arguably significant enough to ward off large-scale illicit use. RAILGUN, while popular, generates compliance reports and has a partially doxxed development team, meaning that it will likely comply with any investigations. Its technology has also been scrutinized by rivals. Messier 87, meanwhile, has actively stated that it will comply with subpoenas and provide such reports to authorities. Finally, White Ethereum and 0xTIP struggle with low mixing limits and low liquidity pools respectively, making them unviable replacements for Tornado Cash-level obfuscation at present. Elliptic will continue to monitor the post-Tornado obfuscation industry across Ethereum Virtual Machine (EVM)-compatible chains and update both virtual asset businesses and investigators when new risks emerge. To keep ahead of these risks and receive updates from Elliptic’s Research Investigation Team, sign up to Elliptic Connect and stay updated with our weekly newsletter. Eth-mixer review Since bitcoin is gaining momentum worldwide, digital money holders have become more conscious about the anonymity of their transactions. Everyone thought that a sender can remain disguised while forwarding their digital currencies and it came to light that it is not true. On account of public administration controls, the transactions are identifiable meaning that a sender’s e-mail and even personal identification information can be disclosed. But don’t be frightened, there is an answer to such governmental measures and it is a cyber money scrambler. To make it clear, a cryptocurrency mixing service is a software program that breaks up a transaction, so there is an easy way to mix different parts of it with other coins. In the end a user gets back an equal quantity of coins, but mixed up in a completely different set. As a result, it is impossible to track the transaction back to a sender, so one can stay calm that identity is not uncovered. As maybe some of you are aware, every crypto transaction, and Bitcoin is not an exception, is imprinted in the blockchain and it leaves marks. These traces are essential for the government to track back criminal transactions, such as purchasing guns, drugs or money laundering. While a sender is not connected with any unlawful activity and still wants to avoid being traced, it is possible to use available bitcoin tumblers and secure sender’s personal identity. Many bitcoin holders do not want to let everybody know the amount they gain or how they use up their money. There is an opinion among some web surfers that using a mixer is an criminal action itself. It is not entirely true. As outlined above, there is a possibility of coin blending to become unlawful, if it is used to hide user’s criminal activity, otherwise, there is no point to worry. There are many platforms that are here for bitcoin holders to mix their coins. Nevertheless, a digital currency owner should be careful while choosing a bitcoin tumbler. Which service can be trusted? How can a crypto holder be sure that a mixer will not take all the deposited digital money? This article is here to answer these questions and assist every crypto owner to make the right choice. The digital currency mixers presented above are among the leading existing scramblers that were chosen by clients and are highly recommended. Let’s look into the listed mixers and describe all features on which attention should be focused. Surely all mixers from the table support no-logs and no-registration policy, these are critical aspects that should not be disregarded. Most of the mixing services are used to mix only Bitcoins as the most regular cryptocurrency. Although there is a couple of crypto tumblers that mix other cryptocurrencies, such as Ethereum, Bitcoin Cash and Litecoin. Additional currencies provide a sender with more opportunities, some mixing services also allow to blend coins between the currencies which makes transactions far less identifiable. There is one option that is not displayed in the above table and it is time-delay. This option helps a user and a transaction itself to remain anonymous, as there is a gap between the sent coins and the outcoming transaction. In most cases, users can set the time of delay on their own and it can be a couple of days or even hours and minutes. For better understanding of crypto mixers, it is necessary to review each of them independently. Based on the experience of many users on the Internet, Blender is one of the leading Bitcoin tumblers that has ever appeared. This mixer supports not only the most popular cryptocurrency, but also other above-mentioned crypto coins. Exactly this mixing service allows a user to exchange the coins, in other words to deposit one type of coins and get them back in another currency. This process even increases user’s confidentiality. Time-delay feature makes a transaction hardly traceable, as it can be set up to 24 hours. There is a transaction fee of 0.0005 for each additional address. One completely special crypto mixer is ChipMixer because it is based on the totally different rule comparing to other services. A user does not simply deposit coins to clean, but makes a wallet and funds it with chips from 0.03 BTC to 10.11 BTC which a user can break down according to their wishes. After chips are added to the wallet, a wallet holder can deposit coins to process. As the chips are sent to the mixing service prior to the transaction, next transactions are nowhere to be found and there is no opportunity to connect them with the wallet holder. There is no standard fee for transactions on this mixer: it uses “Pay what you like” feature. It means that the fee is applied in a random way making transactions even more unidentified and the service itself more cost-effective. Retention period is 7 days and each sender has an opportunity to manually clear all logs before the end of this period. Another mixing platform Mixtum offers you a so-called free trial period meaning that there are no service or transaction fee applied. The process of getting clean coins is also quite unusual, as the platform requires a request to be sent over Tor or Clearnet and renewed coins are acquired from stock exchanges.