Regardless of the plethora of cryptocurrency exchanges obtainable available in the market at the moment, the proportion of those which can be nonetheless nameless and personal is, sadly, shrinking.
With stringent guidelines and authorities interventions, virtually all exchanges that after allowed anonymity to their customers have succumbed to KYC norms, accumulating ID and private paperwork to permit entry to their companies, particularly when fiat forex is concerned within the commerce.
Few standard exchanges nonetheless enable non-KYC customers to commerce on their platform however with heavy restrictions on the restrict of trades.
Fortunately, there are nonetheless a couple of companies obtainable which can be decentralized, and permit customers to commerce privately with out the necessity for KYC or every other ID verification.
When you want to purchase or promote bitcoin anonymously, then these exchanges are a number of the greatest choices available in the market proper now.
Bisq is a Decentralised Autonomous Organisation that’s run completely by the neighborhood. It’s, in actual fact, one of many first DAO exchanges to supply a P2P market for cryptocurrencies and fiat.
It’s 100% open supply and one of many few organizations to completely embrace the precept on which bitcoin and cryptocurrency had been constructed, decentralization, transparency, and anonymity.
To make use of the service, you have to to obtain the applying and set up it in your pc. The platform is simple to make use of and ideal for rookies. For enhanced privateness, it makes use of the Tor community to connect with the blockchain.
Whereas Bisq is open to the worldwide neighborhood, most affords are restricted to USD and Euro fiat pairs.
Charges:
- BTC: 1% (0.12% — maker and 0.88% — taker).
- BSQ: 0.5% (0.06% — maker and 0.44% — taker).
Execs:
- 100% Open Supply
- Simple to Use
- Safe
- A number of forex assist: BTC, BSQ, ETH, XMR, LTC, and many others.
Cons:
- Moderately low liquidity with most fiat affords restricted to USD and Euro
- Not for knowledgeable merchants
HodlHodl is a non-custodial P2P bitcoin alternate that instantly connects customers globally who want to purchase/promote bitcoin.
HodlHodl doesn’t maintain your funds and makes use of multi-sig escrow to lock the funds lowering the possibilities of scams and in addition lowering commerce time. The platform additionally incorporates a status system the place the customers are reviewed for his or her trades.
The platform offers primarily with BTC, and no different cryptocurrency is supported.
Along with BTC trades, HodlHodl additionally affords lending, which lets you lend/borrow BTC from customers instantly on the desired charge.
Charges: 0.6% per commerce (0.3% maker — 0.3% taker)
Execs:
- Open Supply
- Simple to Use
- Safe
Cons:
- Solely helps BTC
- Moderately low liquidity with most fiat affords restricted to USD, Euro, and Pound
A P2P non-custodial crypto market, LocalCryptos connects crypto patrons and sellers from across the globe.
A very non-public and nameless platform, LocalCryptos simply wants an e-mail deal with to get began. It additionally gives login choices utilizing exterior wallets reminiscent of MetaMask for a smoother expertise.
It contains a easy but intuitive platform that makes buying and selling that a lot easier.
When it comes to safety, it incorporates, a status system, escrow accounts, 2FA, end-to-end encryption, and dispute decision.
Along with Bitcoin, the platform helps, ETH, LTC, DASH, and BCH.
Charges: 1% per commerce (0.25% maker — 0.75% taker)
Execs:
- Intuitive & fashionable platform
- Safe
Cons:
- Not open supply
- Some sellers could ask for KYC — keep away from them
AgoraDesk is a P2P market for Bitcoin and Monero that connects world customers instantly with one another.
It’s a fully non-public platform the place you don’t even want an e-mail deal with to get began.
It’s an easy-to-use platform the place customers can seek for affords of their desired forex and begin a commerce with any of the obtainable choices.
AgoraDesk makes use of Tor for enhanced safety and even has a no JavaScript model of the platform.
Charges: 1% price for each accomplished commerce from customers who create the commercial
Execs:
- Personal
- Safe
- No price for Takers
Cons:
- Solely helps BTC and XMR
RoboSats, is a Tor-only non-custodial bitcoin alternate that embraces a number of the greatest privateness requirements for its customers.
The platform generates a cool distinctive single-use avatar with a novel token each time you enter the platform and talk with different customers.
As soon as contained in the platform, you may have a look at the obtainable affords and select the one you wish to commerce with. RoboSats makes use of Lightning bond invoices and escrow to forestall any fraudulent exercise.
Charges: 0.2% (Maker — 0.025% and Taker — 0.175%)
Execs:
- Tremendous Personal and Nameless
- Safe
- Low Charges
Cons:
- Low liquidity — solely assist for USD and Euro
- Want lightening Community
- Small Transaction quantities
One-of-kind Bitcoin Alternate that operates absolutely on Telegram utilizing Bots, Bitcoin Voucher Bots permits customers to purchase BTC with Euro. For the reason that whole course of takes place over Telegram, no info is collected concerning the customers, together with cookies or IP addresses.
Transacting in BitcoinVoucherBot is as simple as texting, and may whole course of is managed by bots.
BitcoinVoucher Bot can be utilized to buy Vouchers you could redeem in Bitcoin immediately (On-chain, Lightning, Liquid), Coin Swaps, EUR/BTC Swaps, and Accumulation plans.
You should buy/promote BTC vouchers for Euro utilizing SEPA financial institution switch. The restrict is 900/Euro per day for non-KYC customers.
Charges: 2.5% for direct BTC/Euro Swap
Execs:
- Personal
- Simple to Use
- Minimal Charge
Cons:
- The one Fiat forex supported is Euro
- Restricted quantity per transaction
- Excessive Charges
As the choice to purchase bitcoin anonymously is getting restricted with time, relaxation assured as there are and all the time will likely be companies that enable for decentralized and nameless buying and selling.
However in contrast to conventional exchanges, which function utilizing a liquidity pool, P2P exchanges instantly join patrons and sellers, and it does include some inherent safety dangers within the type of scams or fraudulent customers. So,
- It’s all the time prudent to execute a commerce with a reputed vendor with good opinions,
- By no means share your private particulars with anybody besides the completely vital particulars required to obtain/ship the funds.
Additionally, most nameless decentralized exchanges obtainable at the moment cope with primarily USD and Euro, which can be a difficulty for customers who want to transact in every other fiat forex. So, earlier than selecting a platform, do make it possible for there are affords to your fiat forex.
