Top 5 Cryptocurrency Converting Platforms Without KYC Verification
Know Your Customer Verification became a must-have for most online businesses around the world due to stricter anti-money laundering legislation. But the personal information that companies usually require under KYS verification is sensitive, especially when it comes to crypto trading. Many traders seek anonymity while exchanging cryptocurrencies. Where can you trade and stay anonymous? Cryptocurrency exchange Platforms
Take a look at our top 5 crypto converting platforms without KYC Verification.
Godex Cryptocurrency exchange Platforms
Following the original idea of cryptocurrency, the creators of Godex have decided to provide a completely anonymous platform. You do not need to register and provide any personal information before the trade. Using the Godex anonymous service, you can exchange more than 300 assets without any limits. Check exchange rates with an online calculator on the main page.
Godex allows you to exchange cryptocurrencies using both hardware and software wallets. The platform pays a lot of attention to transaction safety. There are SSL certificates and protection measures against DDoS attacks. In case you have a question or need help, you can contact a support team via the website form.
ShapeShift
The motto of ShapeShift is that users always stay in control with their keys. It totally corresponds with reality, because ShapeShift is a non-custodial platform. It does not store customers’ funds, so investors will not lose their crypto in case of a hacker attack. Note that you would need to verify your account if you decide to exchange crypto via their partner, Banxa. You can swap and trade on ShapeShift over 750 cryptocurrencies with no added fees.
ShapeShift offers two software wallets: ShapeShift and Portis. There are three hardware wallets as well: KeepKey, Trezor, and Ledger. If you have a question and the FAQ section does not help, you can leave a message for the support team in the chat.
Paxful
Paxful is a peer-to-peer trading platform for BTC, ETH, and USDT. You can buy and sell crypto to the platform or other customers. You can use more than 300 payment methods on Paxful. Furthermore, you are not required to prove your identity when registering, but you have to provide the email address or phone number. Take a look at the main features of Paxful:
Mandatory registration |
Yes |
Mandatory verification |
Yes |
ID proof |
Not mandatory |
Wallet options |
Free software wallet from Paxful is guaranteed |
Payment methods |
More than 300 payment methods are available |
Fees |
From 0,5% – 5% when selling, no fees when buying |
Rates |
Fixed rates |
Limits |
Trading volume under $1000 without registration. Limitless after ID verification |
Security |
Verification. Escrow feature (temporary depository while trading) |
Support |
24/7 support is available |
The main feature of Paxful is the ability to buy BTC with cash, altcoins, and even gift cards from Google Play or Amazon.
1inch Cryptocurrency exchange Platforms
The next exchange platform on our list is 1inch. It is decentralized and non-custodial, which means that the aggregator does not hold any external funds. So, every user has to provide their software or hardware wallet before starting to trade. Also, it partners with other exchange platforms to find the best rate for customers. There is no need to pay fees when depositing or withdrawing funds.
1inch is a perfect match with you if:
- You seek anonymity when trading
- You are not a beginner in the crypto world
- You want to use a liquidity pool
Keep in mind that you can trade over 400 cryptocurrencies on 1inch, excluding several popular assets. For instance, tokens that are not based on the Ethereum platform are not available (BTC, BNB). Even so, you can buy synthetic versions of those tokens.
You do not have to worry about safety since 1inch is decentralized, and leading audit teams of the industry approved 1inch smart contracts.
LocalCoinSwap
This is a non-custodial P2P platform that lets you trade BTC and a few other cryptocurrencies. Before swapping, you have to create an account, but no ID is required. The service allows you to pay with both fiat and crypto. You do not have to pay any fees when buying, but you will be charged 1% when selling.
LocalCoinSwap provides an opportunity to trade using your wallets with escrow protection. It means that the platform does not hold your funds, but at the same time, protects you from losing crypto when trading. Also, LocalCoinSwap has 24/7 customer support.
To Conclude Cryptocurrency exchange Platforms
All 5 platforms for crypto trading allow you to buy, sell, and swap cryptocurrencies without Know Your Customer verification in 2022. Still, some of them require you to prove your identity after passing a certain trading threshold. Every platform provides its unique features and conditions to occupy a niche and draw customers. Godex seems to be the most suitable option thanks to limitless swapping and no ID check at all. Visit https://godex.io/exchange/btc-to-etn and enjoy fixed rates while swapping the two biggest coins and 300 altcoins.