Anonymous crypto exchange

[crypto_hunterrr]

Hey guys

Can you tell me where I can exchange crypto anonymously? Saw a few exchangers, but have questions about security, I'm worried about my funds. What if I send it to nothing.

Thanks in advance

[decodx]

Are you looking for a exchange that lets you trade crypto for other crypto or crypto for fiat currency?

You can check out https://kycnot.me/ for a list of exchanges that don't require KYC. I think that Bisq is a good option if you want to buy and sell bitcoin for fiat and you are looking for anonymity.

[noorman0]

Here, https://bitcointalk.org/index.php?board=53.0
Pay attention to the trust score of who you will be dealing with and also (optionally) the profile ranking. There really isn't a perfect level of anonymity that can be offered in any space, only more privacy.

[o_e_l_e_o]

If you are looking to trade fiat to bitcoin or vice versa, then currently the three best exchanges to use are (in my order of preference) Bisq, AgoraDesk, and HodlHodl. All three of these will let you trade peer to peer with other users without completing KYC or submitting any personal details. If you are using Lightning, then there is also RoboSats (Tor only).

Bisq has the highest barrier to entry, but it is also the most anonymous. Rather than running through a website like every other exchange (which can then collect your device fingerprint, IP address, etc.), you instead download the Bisq software and connect directly to other peers via Tor. And of course if you want to keep your anonymity very high, then you'll need to choose fiat payments methods which reveal the minimum possible amount of information to the other party.

[hugeblack]

Can you tell me where I can exchange crypto anonymously? Saw a few exchangers, but have questions about security, I'm worried about my funds. What if I send it to nothing.

More details would be useful such as your country, do you want to exchange crypto to crypto or to cash, and the privacy level you want to enjoy.
+ There is a difference between privacy and security, privacy is that your identity is not disclosed and this includes, your name, your residence address, and your real IP address, while security means not being scammed and thus obtaining your coins.
If you are not concerned about privacy, CEXs with high liquidity are the best in ensuring that you get cash for your bitcoins.

[o_e_l_e_o]

If you are not concerned about privacy, CEXs with high liquidity are the best in ensuring that you get cash for your bitcoins.

Are they, though?

I have traded bitcoin exclusively peer to peer for years. I've done hundreds of trades, with dozens of different trading partners, across a number of different platforms. I have never lost so much as a single satoshi, because I take basic security precautions such as not using easily reversed payment methods and trading with highly rated users. Sure, I've had a handful of trades which needed dispute resolution, or I put my coins in escrow only to have them returned to me, but I've never been scammed or lost any coins.

Conversely, it is pretty much a daily occurrence to hear about someone losing money on a CEX. Often it is simply a single user has had their account locked or their coins seized because of KYC issues, or the coins they deposited triggered some unknown algorithm, or something along those lines, but every now and then (although very frequently in the last few months) it is because the entire exchange went bankrupt or turned out to be a massive scam, and millions of users lost everything.

I don't think at this point you can claim CEXs are safer than DEXs, provided the user isn't doing anything stupid (such as selling bitcoin for PayPal or some other easily reversed fiat methods to a brand new account).

[Findingnemo]

I don't think at this point you can claim CEXs are safer than DEXs, provided the user isn't doing anything stupid (such as selling bitcoin for PayPal or some other easily reversed fiat methods to a brand new account).

The only but serious problem we may face while trading on decentralized p2p is receiving funds from a hacked account, yes it happened to me once and followed by bank action but I managed to retrieve the funds back however the user completely lost all his bitcoin is his account for violating the terms and the surprising factor is even the scammer can provide the ID of the hacked account which made me to slip so from that incident I only use LBC so I may not any serious problems like receiving funds from hacked accounts while we verify the name of an account with the money account we received the payment.

[o_e_l_e_o]

The only but serious problem we may face while trading on decentralized p2p is receiving funds from a hacked account

Hence why I recommend using non-easily reversible payment methods. Cash is king in this regard.

I don't care whatsoever about the history of the bitcoin I receive, because I do not use anti-bitcoin services which promote the proven nonsense of "taint", and I mix or coinjoin everything I receive anyway.

so from that incident I only use LBC

And in doing so you lose all the benefit of trading peer to peer, since LBC is entirely centralized, requires KYC, passes your data to third parties, and can seize your coins. Further, just because the account you are trading with has undergone KYC, this does not prevent the person from being hacked.

[Findingnemo]

The only but serious problem we may face while trading on decentralized p2p is receiving funds from a hacked account

Hence why I recommend using non-easily reversible payment methods. Cash is king in this regard.

I don't care whatsoever about the history of the bitcoin I receive, because I do not use anti-bitcoin services which promote the proven nonsense of "taint", and I mix or coinjoin everything I receive anyway.

so from that incident I only use LBC

And in doing so you lose all the benefit of trading peer to peer, since LBC is entirely centralized, requires KYC, passes your data to third parties, and can seize your coins. Further, just because the account you are trading with has undergone KYC, this does not prevent the person from being hacked.

Bank transfer is reversible too, in my case its a wire transfer and I released the BTC only after matching the bank account and ID provided by the buyer and when the actual owner claimed the money via bank support the funds were taken from my bank account with no notice and any info I came to know that myself while checking the statement and then only I proceed with LBC support about the hacker, technically I didn't lose my money but the money will be on hold for 99 years.

As a trader, I am okay with losing anonymity to avoid facing legal actions and a bad reputation to me. WHen comparing the risk of complete anonymous p2p the KYCed account looks less risky and I proceed with caution and also with persons of long good trading history no newbies and few months only account.

[PX-Z]

As a trader, I am okay with losing anonymity to avoid facing legal actions and a bad reputation to me.

Most issue in anonymous trading or p2p transactions are higher fees, more risky in getting scams and time consuming waiting to someone buy or sell your order usually in p2p. Where most kyc'ed p2p transaction remove most of these issues and most can't deny that its more convenient using kyc'ed platform/p2p.

[o_e_l_e_o]

Bank transfer is reversible too

As I said - cash is king.

technically I didn't lose my money but the money will be on hold for 99 years.

Wait, what? LBC have frozen your funds for 99 years!?

Most issue in anonymous trading or p2p transactions are higher fees, more risky in getting scams and time consuming waiting to someone buy or sell your order usually in p2p. Where most kyc'ed p2p transaction remove most of these issues and most can't deny that its more convenient using kyc'ed platform/p2p.

You can choose your own fees, I've literally never been scammed, and if you don't want to wait then just accept an already existing order.

It is absolutely not more convenient using a KYC platform. What part of scanning all your documents, sending them to complete strangers, waiting several days to be verified, risking your identity being stolen and your documents being sold on the dark net, and giving up every shred of privacy, is more convenient?

[Findingnemo]

technically I didn't lose my money but the money will be on hold for 99 years.

Wait, what? LBC have frozen your funds for 99 years!?


It is absolutely not more convenient using a KYC platform. What part of scanning all your documents, sending them to complete strangers, waiting several days to be verified, risking your identity being stolen and your documents being sold on the dark net, and giving up every shred of privacy, is more convenient?

Bank actually frozen the money not LBC so I reported about this issue to LBC support and trader details which I had an issue and he actually lost his balance on LBC cause they terminated it for violation.

Tier 3 LBC needs too much of information but for tier 1 and tier 2, we can make it happen with bank statements and national identity which I am okay with over I am getting tainted as a hacker because I received funds from a hacked account.

[o_e_l_e_o]

Bank actually frozen the money not LBC so I reported about this issue to LBC support and trader details which I had an issue and he actually lost his balance on LBC cause they terminated it for violation.

Wow. So your bank stole all your money, and LBC stole all the money from the other trader. So both trading partners lost everything involved in the trade, while LBC seized the funds for themselves. That sounds like a great argument to not use LBC in the future.

Tier 3 LBC needs too much of information but for tier 1 and tier 2, we can make it happen with bank statements and national identity which I am okay with over I am getting tainted as a hacker because I received funds from a hacked account.

I don't know what they require at tier 3, but a bank statement is more enough to identify you and link all your activities with their platform to all the other data that various data brokers and governments hold about you.

Trading in cash avoids all this. No KYC, no loss of privacy, no risk of chargebacks or reversals.

[Findingnemo]

Bank actually frozen the money not LBC so I reported about this issue to LBC support and trader details which I had an issue and he actually lost his balance on LBC cause they terminated it for violation.

Wow. So your bank stole all your money, and LBC stole all the money from the other trader. So both trading partners lost everything involved in the trade, while LBC seized the funds for themselves. That sounds like a great argument to not use LBC in the future.

Tier 3 LBC needs too much of information but for tier 1 and tier 2, we can make it happen with bank statements and national identity which I am okay with over I am getting tainted as a hacker because I received funds from a hacked account.

I don't know what they require at tier 3, but a bank statement is more enough to identify you and link all your activities with their platform to all the other data that various data brokers and governments hold about you.

Trading in cash avoids all this. No KYC, no loss of privacy, no risk of chargebacks or reversals.

Yes banks frozen money because its send from hacked account so its kind of chargeback from the actual owner and hacker lost whatever balance left in his LBC wallet, but how this can be a reason for not using LBC when we don't repeat the same mistake further.

Ofcourse trading p2p for physical fiat is best of all but not really convenient and also we may not be able to trade minimum amount like even in few hundred dollars so the choices are online trading platforms only.

Tier 3 needs utility bills, video call verification, bank statement and IT returns if I am not wrong but I am done with tier 2 and its enough for my p2p trade.

[albon]

Hey guys

Can you tell me where I can exchange crypto anonymously? Saw a few exchangers, but have questions about security, I'm worried about my funds. What if I send it to nothing.

Thanks in advance

At the present time, there are many exchange platforms that can exchange and trade cryptocurrencies anonymously without KYC, but the disadvantage that you will face is the large limits, especially when withdrawing, and among the best exchanges for me are BISQ, ShapeShift, Uniswap, StormGain, BaseFEX, AAX, and Fixedfloat for all these exchanges have their advantages and their own disadvantages and limits when withdrawing and their own fees, you should do your own research and see the feedbacks for those who used them in order to choose the good exchange for you and do not forget to read the policies terms & conditions and all-sufficient information about these exchanges.

[examplens]

Hey guys

Can you tell me where I can exchange crypto anonymously? Saw a few exchangers, but have questions about security, I'm worried about my funds. What if I send it to nothing.

Thanks in advance

I would recommend you to look at https://bestchange.com (I wear their signature here) for exchange monitoring, there you will find a lot of exchangers and depending on which conversion you want to do. many of them do not require KYC, but you should definitely read their TOS before any action.
it's a good thing that Best_Change in some cases has positioned itself as a mediator in the event of a dispute in a very authoritative manner, so they provide a certain amount of security.

[o_e_l_e_o]

Ofcourse trading p2p for physical fiat is best of all but not really convenient and also we may not be able to trade minimum amount like even in few hundred dollars so the choices are online trading platforms only.

I find it much more convenient than risking my identity being stolen via KYC. I'm not sure what you mean about the minimum amount? You can get up peer to peer cash trades on platforms such as Bisq or AgoraDesk for any value you like.

Tier 3 needs utility bills, video call verification, bank statement and IT returns if I am not wrong but I am done with tier 2 and its enough for my p2p trade.

Absolutely crazy. What possible reason does a bitcoin exchange have for needing your tax returns? LBC has fallen further than I thought.

[aoluain]

Interesting thread.

I have very recently become interested in bisq and its nice to get o_e_l_e_o's recommendation
for AgoraDesk and HodlHodl also.

While its obvious that its preferable to stay away from potentially reversible trades and
that CASH IS KING, that means you have to trade with someone local I assume?

[logfiles]

Interesting thread.

I have very recently become interested in bisq and its nice to get o_e_l_e_o's recommendation
for AgoraDesk and HodlHodl also.

While its obvious that its preferable to stay away from potentially reversible trades and
that CASH IS KING, that means you have to trade with someone local I assume?

The only real anonymous p2p exchange that promotes high level of privacy is bisq.

If I am not hallucinating, I think I remember reading somewhere in the terms and conditions of AgoraDesk stating that they can share personal data with law enforcement if asked to do so. The same applies to HodlHodl.

[minfantry]

Hey guys

Can you tell me where I can exchange crypto anonymously? Saw a few exchangers, but have questions about security, I'm worried about my funds. What if I send it to nothing.

Thanks in advance

Please check the https://coinshift.ai