4 Top Anonymous Cryptocurrency Exchanges for XMR to BTC Conversion

Anonymity is what Satoshi Nakamoto had in mind when creating Bitcoin. So, why should one risk their privacy when there are a lot of anonymous exchanges to convert XMR to BTC? 

But how to choose one? See the info below to find the platform that matches your preferences the most!

Why It’s Best to Choose Anonymous Platforms for Monero

There is a great variety of anonymous cryptos but Monero is at the top of the list. It uses the CryptoNote encryption engine and according to many, it is the most secure cryptocurrency in the world. It was released in 2012 by an anonymous development team. Moreover, Monero is one of the most popular privacy technologies. 

However, due to the peculiarities of the altcoin, some crypto exchanges refused to list it. Thus, it would be wise not only to find a platform that supports XMR but also one that also values privacy.

XMR to BTC: 4 Best Anonymous Exchanges

The below list was collected in order for you not to waste time surfing the Internet in time-consuming struggles to find a decent platform. All of the above DEXs are well worth your attention.

Godex

Godex is a young anonymous cryptocurrency exchange that positions itself as a 100% private ecosystem. Indeed, unlike many other CEXs and even DEXs, you don’t have to register an account here. All you have to do is to connect your wallet, choose a trading pair and convert your coins.

Since the platform is only gaining momentum, at the time of this writing there is no option to trade with fiat. But instead you can enjoy the absence of transaction/withdrawal limits, fixed rates, and 100% security. Also, you can find numerous tokens that aren’t listed on other more famous exchanges, which in turn can bring more profit to your portfolio.

Uniswap

Uniswap is a decentralized exchange that runs on the Ethereum blockchain based on a distributed registry that provides cryptocurrency exchange operations without intermediaries. It is the largest decentralized exchange and the fourth largest cryptocurrency exchange overall in terms of daily trading volume.

While this exchange is the biggest one in the DeFi space, the case with blocked accounts (Tornado Cash users) sowed a seed of doubt about its decentralization.

LetsExchange

LetsExchange is a platform with a simple user interface for quickly exchanging 720+ cryptocurrencies without additional checks and account registration. It is similar to coinpaprika, the 3rd largest crypto market aggregator in the world.

LetsExchange will work even for beginners. There is a great feature of a fixed rate with which you buy the exact amount of tokens you calculated. This can help rookie traders not to be afraid of floating rates.

All transactions take no more than five minutes. The delays may occur in the event of network congestion.

ChangeNow

ChangeNow is another non-custodial service that has no control over your crypto assets. Since the platform does not require registration, you don’t send your funds to the website and the exchange does not have access to your coins.

This website is aimed at providing crypto traders with simple and fast transactions: the cryptocurrency exchange time is an average of 2 minutes.

Here you can find 450 coins and buy/sell them without any limits. Also, unlike LetsExchange, ChangeNow offers an opportunity to buy crypto with fiat. The Visa or MasterCard option is available through their third-party partner.

In Conclusion

The ubiquity of KYC (know your customer) on cryptocurrency exchanges is due to the tightening of control over the cryptocurrency market by regulators. The introduction of KYC creates more transparent and secure trading conditions, so in the future, it is possible to introduce mandatory verification on most major crypto exchanges. However, if you value the basis of crypto — anonymity — you must head in a different direction and opt for DEXs.

Of course, there is no one-size-fits-all solution. Such criteria as liquidity, the number of trading pairs, and the speed of transactions greatly influence the way you trade. So, the choice of the best anonymous exchange platform should be based on your personal preferences and current circumstances. 

For example, in case you want to use only seasoned exchanges then Uniswap is your go-to website. On the other hand, if you want to stay 100% private and anonymous, you should definitely choose Godex.