Crypto Exchange Emphasizes Privacy by Offering Coin Conversions Without an Account

gepubliceerd op by Cointele | gepubliceerd op

A cryptocurrency exchange says it is prioritizing the privacy of its users - eliminating the "Tedious" registration steps imposed by other websites.

According to BitConvert, its users have the ability to "Instantly exchange coins" without being required to register an account with the website.

ZCash - which, at the time of writing, is the 22nd-largest cryptocurrency in terms of market capitalization, according to CoinMarketCap - describes itself as a "Privacy protecting digital currency built on strong science." The coin's founders say that its infrastructure ensures personal details remain completely confidential - all without compromising transaction data being posted to a public blockchain.

BitConvert says that it plans to support more cryptocurrencies in the not-too-distant future, all while remaining loyal to its mantra of "Anonymous, fast, safe." Ethereum - along with Monero, another coin that places an emphasis on privacy - are specifically named as two coins that are in the pipeline.

Quick transactionsThe privacy-led exchange says that most transactions can be fully completed and confirmed within an hour - and in many cases, execution times can be as little as five to 30 minutes.

BitConvert is available hereBitConvert stresses that its rationale behind eliminating the need for creating a user account is to "Fully protect privacy" - and to this end, no personal information is collected when a transaction is taking place, including IP addresses.

Given how BitConvert users do not have their own account, the platform says it has taken a strong stance on security - making sure that its services are protected using strong security protocols, while also striking partnerships with dependable trading platforms.

Firstly, users select the crypto trading pair they wish to use.

Finally, the user can send their funds to BitConvert and complete the exchange.

Privacy has long been a buzzword in the crypto world - and contrary to popular belief, Bitcoin does not necessarily offer its users the anonymity they might expect.

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