Top Anonymous Exchanges to Swap Crypto

Privacy became an unattainable luxury long before society realized its importance. Each new case of personal data leakage is accompanied by a high-profile scandal, and each of them damages the reputation of the company that is embroiled in such a scandal. The activity of Internet users is somehow recorded and used without the knowledge of the users themselves.

Social media was originally created for entertainment, but has quietly evolved into a powerful tool of influence. First of all, because users voluntarily and imperceptibly publish a huge amount of information about themselves. There is more and more institutional control in everyday interactions.

This is especially noticeable when registering an account on platforms that provide the opportunity to earn money, including cryptocurrencies. Many of them require mandatory identity verification in accordance with the laws of the country where the company is registered. As a result, many customers are looking for exchanges where you do not need to provide personal information.

It is still possible to remain anonymous even on some traditional centralized exchanges. Although, objectively, it ends at the moment the fiat currency is withdrawn to a bank card after converting BTG to USD. As long as all user actions are limited to crypto operations, he can remain incognito.

KuCoin

The development team has put a lot of effort into creating a trading platform that would best meet the requirements of traders and the law. Work on it lasted about 6 years and the launch of the site took place in 2017. Now KuCoin is one of the most popular cryptocurrency exchanges.

The platform supports spot and margin trading, futures trading and provides an opportunity to passively earn on crypto loans and KCS bonuses. The mobile app for iOS and Android has a trading bot that is not accessible from desktop devices.

The interface of the platform is quite simple and convenient, although beginners will probably need some time to get comfortable.

Binance

To date, Binance is the industry leader in terms of the combination of characteristics. From 2017 to today, it has come a long way from a new unknown project to a well-structured ecosystem with its own Binance Chain blockchain and Binance Coin (BNB) token.

Binance supports over 400 cryptocurrencies, spot and margin trading, crypto lending, staking are available on the platform, and that’s not all. The commissions of the exchange are lower than the industry average and this is one of the particularly attractive features of the platform. BNB holders can take advantage of discounts and a 25% reduction in fees.

KYC verification is not yet a mandatory part of new user registration. It is technically possible to start trading without it, but not all functions of the platform are available to unverified users. There is also a withdrawal limit.

Uniswap

DEX platforms are based on the blockchain and are available without registration. To work with such a platform, it is enough to have a cryptocurrency wallet that is compatible with DEX. The Uniswap exchange protocol is deployed on the Ethereum blockchain and is intended for the exchange of ERC-20 tokens. The platform supports more than 180 assets.

Instead of the usual order book, Uniswap uses an automated market maker (AMM). This mechanism is based on smart contracts to create a liquidity pool. The exchange rate is formed automatically based on the analysis of the current liquidity of the trading pair.

1inch

This is a DEX aggregator that automatically selects the best current exchange rate and the minimum commission for fulfilling an exchange request. Often, the exchange rate of some trading pairs turns out to be more profitable than on popular large exchanges. In the process of finding the best deal, the aggregator can split the order amount between several exchanges. To start trading, just link your wallet to 1inch.

Limit orders feature is available on 1inch. The user can set the desired price and the transaction will be completed only when the price reaches a fixed level. The aggregator supports over 300 cryptocurrencies.

LetsExchange

It is a rapidly growing instant cryptocurrency exchange service. Registration for the purchase or sale of cryptocurrencies is not required, to complete the transaction, you just need to specify the wallet address.

The Smart Rate system automatically selects the most profitable deal available at the time of the application. The service supports over 1900 coins and tokens, transactions with DEX and СEX are currently available. LetsExchange offers the easiest and fastest way to convert HKD to GBP and other obscure tokens into fiat currencies.