A coin mixer is a fairly common practice that allows users to completely mix up their transactions among several cryptocurrency addresses. This, in turn, makes the transaction completely untraceable so that it can’t be followed back to the sender or receiver’s address.
Software companies often offer coin mixers that cater as the middleman between the sender and receiver. Although coin mixers come with a service cost, these companies charge from the sender.
Playing an integral role in the crypto industry, coin mixers allow large corporations and enterprises to remain anonymous while transferring large funds from one wallet to another. It can also potentially safeguard from any cyberattack whatsoever.