👻Why Use CoinStir?

In traditional finance, anyone can send money without concern of 3rd parties' ability to view personal financial history.

One of the many benefits of blockchain technology is its transparency, however privacy is a necessity for more widespread adoption. Total transparency is simply not right for every business, every individual or even every transaction.

While CEXs do offer the similar functionality of funds only able to be traced back to the exchange, there have been innumerable instances of these CEXs taking advantage of the trust placed in them by their users. Between the freezing of funds, bankruptcy and fraud, many experienced and newer web3 users alike rightfully do not trust CEXs to hold their funds, nor are they a popular option to send money through simply for their added privacy. Funds sent through CoinStir appear similarly on the recipients end as they would when received from a CEX. But unlike a CEX, at no point does CoinStir take custody of its users' funds. Users remain in total control of their assets, and while in some instances the ability to deposit or transfer funds may be revoked due to regulatory conditions, the ability for a user to withdraw their funds back to their depositing wallet can never be revoked. This ensures CoinStir can not take control of its users' assets.

On top of the benefit of sending private transactions, CoinStir can also be used to fund blank wallets. This allows users to create and fund new wallets completely unrelated to their existing wallets without being traced back to the source of their funds.