In a world where personal information is exposed at every turn, the demand for anonymous crypto exchanges has been growing. These platforms are designed to offer you a safe place to store, send, and trade your digital currencies without the need for verification or submission of any personal details. These platforms are great for those who wish to avoid exposing their personal data, which can be used against them by tax authorities and government agencies in the future.
Anonymity is a major reason why people choose to use crypto in the first place, and it’s a feature that many exchanges strive to provide. However, it’s not a perfect guarantee as some cryptocurrencies like Bitcoin can be traced back to the person who owned them.
Even so, some cryptocurrencies do have anonymity features that can help you hide your identity from the blockchain network, and there are also ways to break any links that might link your coins to your identity. In particular, mixers, which take your coins and return them to a pool that’s not linked to your original wallets, can be useful for this purpose.
Privacy Coins
There are several privacy coins available, and some of them are even ranked as top-tier altcoins by some exchanges. Monero, for example, is a popular choice amongst users who want to avoid being tracked by law enforcement and other authorities.
Bisq
If you’re looking for a P2P (peer-to-peer) trading platform that enables you to trade anonymously, then Bisq is one of the best options. It’s a decentralized exchange that doesn’t require any registration or permission from the government, and its onboarding process takes only ten minutes.
Paybis
This is a no-KYC crypto exchange that supports over 10 cryptocurrencies and allows you to trade with ease. Its user base is growing, and its platform can be accessed on most mobile devices.
The service offers a wide range of services, including 2-factor authentication and a one-time code that’s sent to your mobile phone so you can log in from any location. You can also print a code to use later if you forget your password.
ShapeShift
This is another crypto-to-crypto Anonymous crypto swap exchange that doesn’t require any KYC checks. Its platform is still in its early stages, but it’s already a favourite amongst crypto enthusiasts.
Uniswap
This decentralized crypto exchange is not as well known as other similar services, but it’s definitely worth checking out. The platform is based on the Uniswap protocol, and it strives to provide a straightforward peer-to-peer trading experience with a focus on speedy transactions and security.
It’s a crypto-to-crypto exchange that doesn’t request any KYC information, and it has a simple signup procedure that requires only an email address. You can trade a variety of cryptocurrencies with this exchange, and it supports both crypto-to-crypto and fiat-to-crypto pairings.
The Treasury Department recently proposed a rule that would require banks and money service businesses to submit reports, keep records, and verify the identity of customers who make private wallet transactions in cryptocurrency. Its effect would be to strip anonymity from private wallets that interact with crypto exchanges, and it’s causing an uproar in the crypto community.