These days, transaction anonymity is an important consideration for traders across the globe. There are several exchange platforms that let you enjoy their services without requesting your personal data. These sites allow not only anonymous trading of LUNA vs AVAX, for example, but offer comparison articles to help you make a better deal.
Why Do Investors Need Anonymity?
Investors need anonymity for multiple reasons. Just a few of them are listed below:
- Avoid identity theft, i.e., stealing and using personal data.
- Prevent frauds — hacking crypto wallets and stealing cryptocurrencies.
- Maintain privacy not to associate transactions with a particular investor.
When it comes to trading, anonymity is essential. It provides additional security guarantees. That’s why some platforms understand and address investors’ need for anonymous cryptocurrency exchange.
List of Anonymous Crypto Exchanges
Not every crypto exchange allows users to carry out transactions anonymously. So, here is the list of hand-picked options that you can go ahead and try:
Binance
This is a well-established platform where investors can buy, trade, and hold over 600 cryptocurrencies. The 24-hour trading volume on Binance is about $76 billion. On this platform, there are more than 90 million registered users who enjoy affordable fees starting from 0.1%.
Popular cryptocurrencies that can be traded on Binance include Bitcoin, Ethereum, Solana, Ripple, Polkadot, and Avalanche. Traders can also benefit from using the official Binance crypto wallet to store their electronic funds.
Kraken
Kraken is a safe platform with some of the best security measures in the business. Most of their cryptocurrencies are safely held in cold wallets to prevent cyberattacks. Kraken offers traders to buy more than 65 cryptocurrencies, including Bitcoin, Cardano, Ethereum, Litecoin, and Ripple.
Kraken has 4 verification levels to access the features it provides. You do not have to share a valid ID, social security number, and a photo if you are at the first level. Such an approach makes this platform somewhat anonymous. Kraken also provides traders with top-notch financial stability by maintaining a high standard of legal compliance. With a global support system that works at all times, you can get your questions answered, irrespective of where or who you are.
Godex
Godex is a highly reliable and completely anonymous crypto exchange that goes with an in-built tracker of crypto prices. You will come across more than 300 popular coins on Godex, including Bitcoin, Dogecoin, Litecoin, and more.
Godex offers a high degree of anonymity due to not having Know Your Customer (KYC) verification. You are not even obligated to register and still can employ all the platform’s capabilities. Apart from that, Godex is a fast exchange service. Its order execution time ranges from 5 to 30 minutes, and it fixes exchange rates during a transaction.
Bitfinex
Bitfinex is a fairy old anonymous platform that offers its clients an enhanced trading experience. It has an in-built chart feature to visualize positions, orders, and price alerts. Besides, the platform provides traders with access to the peer-to-peer funding market.
Similar to Kraken, Bitfines has several account levels. The Basic+ level requires linking your e-mail address to receive access to exchange trading. The platform supports about 170 cryptocurrencies and enables traders to easily exchange Bitcoin, Ethereum, Litecoin, and Ripple, among other digital assets.
ShapeShift
This is an open-source platform that employs a privacy-first approach. It does not feature KYC verification and does not gather user data consequentially. All you need is to provide the addresses of wallets to conduct a transaction.
ShapeShift is a non-custodial platform, meaning that you are in charge of your finances. Another benefit is that it supports multi-chain technology.
It’s Time to Take Advantage of Anonymous Exchange
Unfortunately, cyberattacks or identity theft are not rare cases, even though some investors prefer not to be associated with crypto transactions.
So, it is more of a necessity to remain anonymous when exchanging cryptocurrencies. If you feel the same way, the crypto platforms mentioned above may come in handy. Use your right to anonymity when trading crypto not to fall prey to scammers.
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