August 25, 2023
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0The Best Anonymous Exchanges: Stay Anonymous and Secured
Immediately after the successful arrival of bitcoin on the cryptocurrency market, the financial sector began to actively develop operations focused on virtual currencies. New altcoins began to appear continuously. The rapid growth of quotations for digital money had begun.
Naturally, the rapid rise in demand for cryptocurrencies and their widespread popularity has contributed to the emergence of specialized trading platforms where transactions with electronic coins are carried out. This is how anonymous crypto exchanges appeared.
In this article, we will tell you about the top anonymous exchanges.
The previous article about crypto exchanges is here.
The popularity of anonymous crypto exchanges
There are many reasons for people to desire anonymity — hiding income, hiding existing capital, avoiding taxes, even illegal financial transactions. Everyone has their own reasons to start trading activities on anonymous crypto exchanges.
In the current financial and economic environment, identity verification is an unavoidable condition for performing trading or exchange operations with real currencies. This is a tool for countering money laundering and illegal transactions.
Most cryptocurrency exchanges, because of this circumstance, force customers to confirm certain information during registration through an identity verification procedure.
Even when using crypto coins that provide the highest degree of confidentiality, you need to disclose your own identity. Otherwise, it will not be possible to make conversions or engage in trading on a specific site.
Practice demonstrates a great desire on the part of users who come to earn or exchange money on cryptocurrency exchanges to keep their account secret, hide the details of transactions, and conceal the number of withdrawals. For this category of users, developers have created and continue improving anonymous cryptocurrency exchanges.
Here, all the privacy concerns of customers are solved instantly — there is no requirement to provide personal data during registration. Account registration, account opening, creation of online wallets for crypto coins, confirmation of transactions, and other necessary actions are all carried out anonymously.
Options for anonymous crypto exchanges
Trading platforms that allow the confidential work of traders or speculators in digital coins can be divided into basic types:
- P2P cryptocurrency exchanges. Here any transactions (sale, conversion, purchase) are performed only between clients. The platform itself performs an intermediary function, playing the role of an arbitrator, guaranteeing the exact fulfillment of the obligations assumed by the parties. As a rule, there are a lot of cryptocurrency assets here. There are top coins (Bitcoin, Litecoin, Ethereum, Bitcoin Cash, etc.), “middling” coins (Dash, Tether, Monero), and lesser-known coins (Verge, Dogecoin, Lisk).
- Classic trading platforms where only virtual currencies from the top twenty of the rating protocol are available. Fiat funds are actively used. Here the exchange participates in any operations, being a mandatory intermediate link. It is on such sites that they are trying to get users to complete verification in all ways.
Let’s now analyze some modern, popular cryptocurrency exchanges where registered customers are free to earn money without providing personal information.
The best anonymous exchanges
Crypton Exchange
Crypton Exchange is a decentralized exchange without KYC (know your customer) registration. That is, the user does not need to verify their identity to register on the exchange. At the same time, Crypton Exchange provides secure purchase, sale, exchange, or withdrawal of available cryptocurrencies represented on the exchange: Bitcoin, USDT, DAI, Monero, Crypton (CRP), and UUSD Stablecoin.
The uniqueness of the exchange is that it is connected with the decentralized Utopia P2P ecosystem, which provides a basis for continuous functioning of the exchange even in the event that the exchange domain is blocked.
*Utopia P2P is a decentralized anonymous ecosystem built on a peer-to-peer architecture using its blockchain. The ecosystem represents Web 3.0, available now. The platform is free from surveillance, censorship, and blocking.
Read more about Utopia P2P’s advantages here.
The main cryptocurrency coin of the exchange is Crypton (CRP). Concurrently, Crypton is the main financial unit of Utopia P2P. CRP is ideal both for use within the ecosystem and for saving funds on the exchange. Together with Crypton, the first anonymous UUSD Stablecoin of the ecosystem is traded on the exchange, which is designed to store savings in a ratio of 1:1 to the US dollar.
Learn more about Crypton Exchange here.
BitShares
BitShares is a decentralized exchange based on Graphene blockchain technology.
Since it is a decentralized exchange, you do not need to pass verification, KYC, or AML to use it.
It is quite simple to open an account on BitShares since it does not require registration or KYC procedures.
The only thing you need to take care of is your password and username because they are the only keys that will help you in case something goes wrong.
The password looks something like this: P5KSgr3tMUE4vLo9uwWJScsD5sQYg6BLa7QCT3e9XTe6C
At the time of writing, the volume on this exchange was 1,900 BTC, which is pretty decent for a decentralized exchange without AML and KYC.
Bitsquare
Bitsquare is a peer-to-peer trading platform for cryptocurrencies such as Bitcoin, ETH, etc.
This is a fully decentralized exchange, which does not require a name or email address.
In addition, to ensure complete security, it uses the Tor protocol and does not store fiat currencies or bitcoins on its servers or accounts.
Currently, the exchange supports 126 cryptocurrencies (including BTC) and is available on Windows, Mac, and Linux platforms. However, trade volumes are small.
At the time of writing, the volume on this exchange was 4 BTC; and only 11 pairs of cryptocurrencies/crypto assets were available.
Changelly
Changelly is a centralized cryptocurrency exchange service that does not force the user to undergo KYC or AML procedures to use the basic services.
There is no need to provide an identity card, unlike other exchanges. To increase security, you can even use this service via VPN.
However, this option requires the trader to have altcoins supported by the exchange, such as LTC/ETH/DASH, etc., which can be exchanged for BTC or any other supported currency.
If you have altcoins, with Changelly you can buy bitcoins in a matter of seconds without verification.
EtherDelta
EtherDelta is an exchange where only Ethereum-based tokens, also known as ERC 20 tokens, are traded.
It is also a decentralized exchange, so there are no restrictions on depositing or withdrawing funds, and there are no AML or KYC requirements.
The only drawback of this exchange is the speed since all actions on it are carried out using smart contracts and require payment for “gas.”
The volume on this exchange is 1308 BTC, and 335 pairs of cryptocurrencies/crypto assets are available.
