Anonymity in the crypto market has been a subject of hot debates since the launch of BTC. Indeed, true crypto enthusiasts are striving to build an anonymous community on the principles of Satoshi Nakamoto. However, various state institutions are against this idea as they can lose control over the population due to such solutions.
Therefore, to promote one of the core crypto principles (and protect your funds), it is advisable to resort only to anonymous exchanges. Let’s check out the Etherlite price prediction and distinguish the most appropriate exchange for your needs!
Choosing An Anonymous Exchange: 3 Tips
Picking a preferable exchange isn’t that hard. All you have to do is to analyze each particular platform for the following features:
Many exchanges have been subject to fraud. So it would be wise to check what security features the chosen website introduces.
The most common security features are:
- Anti-DDoS security protocol;
- Domain name system security extension;
- Registry lock;
- Web protocol security.
Also, reliable crypto exchanges have anti-fraud departments. This is a monitoring department that analyzes financial transactions in order to identify suspicious transactions, as well as to prevent fraud.
Unlike CEXs, anonymous exchanges don’t collect personal data from their users. These platforms don’t even require you to register on their website. Remember: being anonymous means avoiding disclosing facts about your personality (i.e., no KYC procedures, verifications, and so on).
Range of Available Crypto
The availability of various cryptocurrencies in one place is a great plus. It is always convenient to buy or sell all the coins you want at the same exchange so that you don’t switch between different platforms. It saves you time and energy.
Imagine that you want to buy Litecoin, and sell Monero and DASH. Such a popular exchange like OKX doesn’t support anonymous cryptos. So you already have to visit several platforms to find the one that lists the needed coin.
Top 3 Anonymous Crypto Exchanges
At the time of this writing in September 2022, three exchanges provide enough anonymity to their users. All of them are pretty similar, but there are certain crucial differences. Let’s review all of them to choose the best one!
This anonymous cryptocurrency exchange is a young startup that has already become the top 3 DEX aggregator in the market.
Users name the site worthy of attention due to the accrual of low commissions and a high liquidity. Also, the Godex creators assure us that the portal doesn’t collect and store personal data. This significantly decreases the risk of hacker attacks (by the way, the servers are physically protected).
Godex is one of the fastest exchange services among crypto websites. The transaction speed varies from 5 to 30 seconds.
Thanks to its unique algorithms, the platform allows you to buy at the most profitable price and execute your transaction in the shortest possible way.
ShapeShift is a Swiss service. Its core principles are fast and secure transactions.
It is very convenient to use the platform via its native mobile app. It has been available for iOS and Android mobile users since 2015. Hence, the app is quite mature. Trading on it becomes smoother with every update.
Currently, ShapeShift offers about 1000 trading pairs.
One of the benefits of ShapeShift is that there is no “price slippage.” This means that you receive a certain exchange rate for your order, which does not change depending on the size of your order.
1inch is probably the most popular website on our list. This is a decentralized cryptocurrency exchange (DEX) based on the Ethereum blockchain.
The exchange has several financial instruments in the form of dApps:
- Liquidity pools
- Cryptocurrency farming
To use the features of this exchange, you need to connect a cryptocurrency wallet with ERC20 support.
A Successful Investor Starts With A Reliable Exchange
The choice of a reliable exchange is the first step towards retiring in a few years. After all, it is this platform that will help you achieve success in your investor’s career.
A decent exchange will save your funds and data, help you find the lowest crypto price, and provide you with hundreds of investing opportunities. Thus, pick wisely!