All organizations working in the field of finance require mandatory confirmation of the identity of their client. This helps to track down the corruption components of the crime. But there are cryptocurrency exchanges that do not require a user identification procedure. In many cases, it will be enough to provide very little information: an email address and create your own password. After that, you can start working on a cryptocurrency exchange that works anonymously. Here you can find a variant to exchange btc to etn.
Advantages of Anonymous Cryptocurrency Exchanges
Identity verification involves the provision of personal user data. These are the following data:
ü Address of residence.
ü First Name Last Name.
ü Date of Birth.
ü Scanned versions of documents.
ü Photo of a user with a passport.
This can be dangerous and harmful. An unpleasant situation can happen to any user and on any exchange. Sometimes it happens that the personal data of the user can be taken over by third parties for mercenary purposes. This happens in the event of a hacker attack and breach or information leak. In addition to such a case, the exchange itself can transfer data to government agencies at their official request. Also, unscrupulous exchange workers can use user information. Thorough verification of personal data takes a lot of time.
Disadvantages of anonymous cryptocurrency exchanges
Such exchanges apply a very high commission to transactions. In addition, a crypto exchange can operate illegally. There are also restrictions on the amount of funds.
Completely anonymous exchanges – list
Such exchanges offer the user two options:
1. Cryptocurrency trading. There is no other activity with cryptocurrencies. The restrictions are related to the introduction of real money on the exchange.
2. p2p platform. In this case, the site itself guarantees the safety of transactions.
BitMEX.com
A well-known cryptocurrency exchange with full functionality. There is a large trading volume on the exchange. The exchange is banned in some countries due to anonymity. In most cases, this exchange does not conduct any verification of the identity of its user. But the exchange, based on the user agreement, at any time may require the client’s ID with photographs. To register on the exchange, you must provide an email address, indicate the country of residence and come up with a unique password. There is a fairly small commission charged for trading. Funds are withdrawn absolutely free.
Cryptopia.co.nz
Completely closed and anonymous accounts are prohibited on this cryptocurrency exchange. However, you can use email that does not include a name. The exchange holds few trades. No personal identification is required during registration. The registration procedure involves the provision of an email address, username and your own password. The commission fee is charged for both trading and withdrawing funds.
LiveCoin.net
Verifies the identity of users who intend to use bank money transfer to make a deposit. At the time of registration, it is necessary to provide an e-mail address, password and a special username. The commission fee is charged depending on the volume of trades. A commission is also charged when withdrawing funds.
p2p exchangers
These exchangers provide an opportunity to sell and buy virtual currency from individuals. The purchase process can be completely anonymous. This is achieved due to the fact that the profile can be completely blank and there is no need to share your personal data.
LocalBitcoins
No mandatory ID verification process required. Registration only requires an email address. A small commission is charged.
