Regardless of the plethora of cryptocurrency exchanges out there available in the market at this time, the proportion of those which might be nonetheless nameless and personal is, sadly, shrinking.
With stringent guidelines and authorities interventions, nearly 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 foreign money is concerned within the commerce.
Few common 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 out there which might be decentralized, and permit customers to commerce privately with out the necessity for KYC or every other ID verification.
In the event you want to purchase or promote bitcoin anonymously, then these exchanges are a few of the greatest choices available in the market proper now.
Bisq is a Decentralised Autonomous Organisation that’s run totally 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 totally embrace the precept on which bitcoin and cryptocurrency had been constructed, decentralization, transparency, and anonymity.
To make use of the service, you will want to obtain the applying and set up it in your laptop. The platform is simple to make use of and excellent for novices. For enhanced privateness, it makes use of the Tor community to connect with the blockchain.
Whereas Bisq is open to the worldwide neighborhood, most gives 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).
Professionals:
- 100% Open Supply
- Simple to Use
- Safe
- A number of foreign money assist: BTC, BSQ, ETH, XMR, LTC, and many others.
Cons:
- Relatively low liquidity with most fiat gives restricted to USD and Euro
- Not for skilled 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 probabilities of scams and in addition lowering commerce time. The platform additionally incorporates a repute 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 gives 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)
Professionals:
- Open Supply
- Simple to Use
- Safe
Cons:
- Solely helps BTC
- Relatively low liquidity with most fiat gives restricted to USD, Euro, and Pound
A P2P non-custodial crypto market, LocalCryptos connects crypto patrons and sellers from across the globe.
A totally personal and nameless platform, LocalCryptos simply wants an e-mail tackle to get began. It additionally supplies login choices utilizing exterior wallets equivalent to MetaMask for a smoother expertise.
It incorporates a easy but intuitive platform that makes buying and selling that a lot less complicated.
By way of safety, it incorporates, a repute 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)
Professionals:
- Intuitive & fashionable platform
- Safe
Cons:
- Not open supply
- Some sellers might 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 personal platform the place you don’t even want an e-mail tackle to get began.
It’s an easy-to-use platform the place customers can seek for gives of their desired foreign money and begin a commerce with any of the out there 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
Professionals:
- Non-public
- Safe
- No price for Takers
Cons:
- Solely helps BTC and XMR
RoboSats, is a Tor-only non-custodial bitcoin alternate that embraces a few of the greatest privateness requirements for its customers.
The platform generates a cool distinctive single-use avatar with a singular token each time you enter the platform and talk with different customers.
As soon as contained in the platform, you possibly can have a look at the out there gives and select the one you need to commerce with. RoboSats makes use of Lightning bond invoices and escrow to stop any fraudulent exercise.
Charges: 0.2% (Maker — 0.025% and Taker — 0.175%)
Professionals:
- Tremendous Non-public and Nameless
- Safe
- Low Charges
Cons:
- Low liquidity — solely assist for USD and Euro
- Want lightening Community
- Small Transaction quantities
One-of-kind Bitcoin Change that operates absolutely on Telegram utilizing Bots, Bitcoin Voucher Bots permits customers to purchase BTC with Euro. Because the complete course of takes place over Telegram, no data is collected concerning the customers, together with cookies or IP addresses.
Transacting in BitcoinVoucherBot is as simple as texting, and might complete course of is managed by bots.
BitcoinVoucher Bot can be utilized to buy Vouchers you can 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
Professionals:
- Non-public
- Simple to Use
- Minimal Payment
Cons:
- The one Fiat foreign money 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 at all times shall be companies that enable for decentralized and nameless buying and selling.
However not like 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 at all times prudent to execute a commerce with a reputed vendor with good critiques,
- By no means share your private particulars with anybody besides the completely obligatory particulars required to obtain/ship the funds.
Additionally, most nameless decentralized exchanges out there at this time take care of primarily USD and Euro, which can be a problem for customers who want to transact in every other fiat foreign money. So, earlier than selecting a platform, do be sure that there are gives in your fiat foreign money.
