2.2 C
Amsterdam
6 December 2022
PumpMoonshot
Image default
Altcoins

Trade crypto anonymous? It is still possible at these exchanges

Bitcoin (BTC) was conceived to guarantee privacy and create transparency when it comes to financial transactions. However, due to the introduction of more and more regulations regarding cryptocurrency, it is no longer possible to remain anonymous on a growing number of cryptocurrency exchanges.

A large number of exchanges are required to apply due diligence in the form of Know Your Customer (KYC) and Anti-Money Laundering (AML) processes. Nevertheless, there are still a number of exchanges on which it is possible to remain anonymous. Bitcoin.com has put a number of these exchanges on a list.

The first is Godex. This exchange offers fast transactions with more than 200 tokens. Users do not have to provide personal data. One does not have to register first or create an account. Even entering an e-mail address is optional. The website states:

Because we stand for absolute privacy, we delete all transaction data from our servers within a week.

Another exchange is Changer.com. This exchange also does not require its users to first create an account, only an e-mail address is required. However, there have been some complaints that the customer service does not (timely) answer her e-mails.

Fairshift is also an exchange that does not require an account and exchange that does not store user data, apart from the minimum required to process a transaction. Transaction data such as refunds are stored under the “Past Transactions” section.

Simpleswap calls its services anonymous and indicates that it is not necessary to register first, but the exchange does indicate that there are exceptions. The exchange says that its partners can ask for a photo of an identity card or information about the origin of tokens to comply with AML regulations.

Last on the list is Coinswitch. This exchange supports more than 300 cryptocurrencies and obliges users to register, but with relatively little data. For example, providing a name, date of birth and country of residence is mandatory. Specifying an e-mail address or telephone number is optional.

Related posts

Cardano (ADA) Finishes Second Round of Staking Pools Delegation Today. What Does This Mean?

PumpMoonshot

Terra (LUNA) Investors Should Consider These Risks: CNBC

PumpMoonshot

Analysts say 2022 will be ‘defined by agility and cost-efficiency’ instead of ‘blockchain purity’

PumpMoonshot