How to Trade Anonymously on a Cryptocurrency Exchange

 

There is no doubt that cryptocurrency exchanges offer a great deal of benefits to their users, but they can also be a source of danger if you’re not careful. For instance, hackers can gain access to know-your-customer (KYC) information and leverage that data to track down users’ identity. That’s why it’s important to stay anonymous when trading crypto currencies, and there are a few ways you can do this.

One way is to use an anonymous crypto exchange. Thankfully, there are many exchanges out there that offer this service. These include Paxful, ShapeShift, Uniswap, Kukoin and Bybit.

Bybit – An anonymous crypto exchange that does not require KYC verification for its clients to trade on the platform. Its user interface is one of the most attractive in the industry and it offers a wide range of features, including the ability to conduct instant transactions with a variety of cryptocurrencies.

ShapeShift - Another anonymous crypto exchange that offers a variety of services and supports over 200 different currencies, including a large selection of coins such as Bitcoin and Ethereum. Its user interface is easy to navigate and provides a range of charts and other useful tools for traders.

Kucoin – A semi-anonymous crypto exchange that allows you to buy and sell cryptocurrency without needing to verify your ID. It also supports fiat payments, so you can easily transfer your funds from your bank account to the exchange’s wallet.

BitQuick – This Bitcoin-only exchange doesn’t ask for any personal information. Its sign-up process only requires an email address and an external wallet address. You can then create your account using your email address and password, and then you’ll be ready to start trading.

LocalBitcoins – This cryptocurrency marketplace is based out of Finland and has on-the-ground sellers in 15,000 cities around the world. It’s a peer-to-peer marketplace, so you can meet with other buyers and sellers in person or on the website.

Binance – This one of the largest cryptocurrency exchanges in the world offers anonymity for deposits and withdrawals, although you will be required to verify your identity if you plan on trading more than 2 BTC. It’s a good option for those who want to buy cryptocurrencies anonymously, but you should keep in mind that it is a highly popular platform with millions of users worldwide.

Evonax – This anonymous crypto exchange was Anonymous crypto swap launched in 2016 and allows rapid exchanges between multiple cryptocurrencies. Its user interface is simple and intuitive, making it a great choice for beginners.

CoinSwitch – This is an easy-to-use and highly secure crypto exchange that doesn’t require you to verify your ID. It allows you to quickly trade more than 300 cryptocurrencies and supports Fiat exchanges as well.

Paxful – This is a peer-to-peer cryptocurrency exchange that allows you to remain anonymous unless your country’s legislation requires cryptocurrency exchanges to perform KYC checks on all their clients. Its UI is user-friendly and provides a variety of payment options, including SEPA and PayPal.