
No need to undergo any verification procedures or share your personal data with other people – try a simple and safe way to exchange your digital tokens at Godex.io.
Anonymity Online
2020 was the second-highest year in terms of crypto crimes, as hackers managed to steal $1.9B. To stay in a safe zone, make sure that your data and finances are not in their view.
Originally, cryptocurrencies like Bitcoin were created to bring a greater sense of privacy and anonymity to their investors. It opposed the traditional banking system where all transactions are done through a trusted third party.
While the traditional method has been working quite well for some time, some people were not satisfied with it. Luckily, with the help of the World Wide Web, they have found a way to reinvent the system.
In 2009, the first Bitcoin arrived, and it introduced the New Privacy Model. This New Model states that during each transaction, a new pair of keys is created and can be viewed publicly. The pairs of keys are not connected to anyone. It means that no one knows who participated in the exchange.
This led to a controversy and a growing need for customers’ freedom restriction (limitations on buying and swapping digital currencies). That is why in recent years, a lot of crypto exchange sites implemented identity verification procedures also known as Know Your Customer (KYC). On the one side, it added transparency to the crypto market, as more and more cases of financial crime were taking place; on the other side, it undermined the concept of privacy. Let’s take a look at why exchanging anonymously is so important.
Know Your Customer vs. Keep Your Privacy
KYC is a verification process that some entities are using in order to gather information about their new customers. This is a security measure to prevent fraud, terrorist funding, and/or other criminal activities forbidden by the law.
If KYC prevents bad things from happening, then why is it a topic of our discussion? Criminals are constantly trying to take away your well-earned money. KYC verification procedure presents a threat to your finances as it requires you to:
- write your full legal name;
- send a copy of your ID;
- take a selfie photo or video doing something to prove your identity (i.e., shaking the head or showing fingers).
Sending those types of personal data can be quite intimidating, especially in the age when hacking happens all over the place. That is why a lot of people shy away from exchange platforms and cryptocurrencies in general.
The best way to keep your digital privacy is to isolate all of your activities into their own data compartments. You want to carefully choose your providers, so that no one is trusted with more than one service at a time.
When conducting your online research, don’t forget to turn on the incognito mode and use alternative search engines such Brave and Tor. You should leave behind a bad habit of storing all of your browser info indefinitely. Additionally, you can use a VPN application, so no one will track your location.
When it comes to crypto exchange, the safest way to swap tokens is to do it anonymously. There is a place where you can anonymously do cryptocurrency exchanges online – Godex.
Swap Your Virtual Currencies Safely with Godex
There are a few platforms that don’t mandate KYC verification, and one of them is Godex. Godex is a cryptocurrency exchange platform with the best exchange rates and the ability to exchange up to 201 different digital coins. With Godex, you will be able to swap your digital tokens without worrying about your personal data being exposed.
Here is a step-by-step guide of anonymously exchanging your digital tokens that doesn’t require any verification:
- The first thing you want to do is go to Godex.io.
- In the middle of the page, find two fields with numbers.
- By clicking on the right side of the “You Send” field, choose a currency you want to swap. By clicking on the left side, you will be able to enter the amount of digital tokens that you want to convert to another cryptocurrency.
- Similarly, in the “You Get” field, pick a crypto you would like to get, and you will see the amount of it that you will receive.
- If you are satisfied with the ratio, press the “Exchange” button.
- After that, you will be asked to enter your wallet address of the crypto you want to exchange in the field below.
- After you ensure that your input data is accurate, press the “Exchange” button one more time.
- Wait for the deposit. Godex will automatically generate a deposit address for your new tokens with a unique transaction ID.
- You will find a detailed report of your transaction on the “Completed” page.
It should be your top priority to keep your funds safe. Godex is exactly what you think it is – an ideal platform for traders and crypto transactions. If you have any questions, a 24/7 support team is always there to hear you out and help.
Become partners with Godex and don’t miss out on its affiliate programs that will give you a 0.005 Bitcoin bonus and up to 0.6% on every transaction. You can find them in the top right corner of the main page. The Godex affiliate program works like this:
- You create an account on Godex.io and receive your 0.005 Bitcoin bonus.
- Then you will be able to share your referral link with your audience / friends.
- Whenever they use your link to make an exchange, you get up to 0.6% of it.
Remember: With Godex, privacy comes first!