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Four Alternatives to Shapeshift

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As we know (or not) Shapeshift had to change their business model recently, it was an place where you bought cryptos without revealing your identity but they had to compell with the law and are now asking a full KYC registration which kill the best part of the service.

But they are not the only one on the field and there is still few options if you want to enjoy the "anonymous" way of life to buy BTC.

changenow.thumb.png.b21e2d91014bc479991673a3707797ab.png

Some are already weel known like Changelly or Coinswitch, some will have their spotlight time with the "death" of Shapeshift (like Flyp.me or Changenow). And this list only provide 4 sites but there is more than that (Metamorph Pro, Faa.st, ..)

Source : https://news.bitcoin.com/four-alternatives-to-shapeshift/

Did you alreadu use of those 4 services ? If it's the case what do you think about it ?

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I used changenow and was pleased. They offer a good service without registration, there are no limits and a favorable rate. As an alternative to shapeshift, this is the best option in my opinion.

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Well i was able to try out Coinswitch based on Stake's new deposit option (heard of it from there). I can certainly say it can easily help you with your deposits for everything you need concerning crypto market quick virtual currency exchange transactions.

Still i would love to see it with a complete withdraw to Pay Pal, Bank account or any other service in case we had to, also deposit back from them as vice versa. Just like you have from Coinbase. I think it would be a direct competitor to them since there are not much of these kind of services with direct pay pal or bank account exchangers.

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2 hours ago, DreamStage said:

Well i was able to try out Coinswitch based on Stake's new deposit option (heard of it from there). I can certainly say it can easily help you with your deposits for everything you need concerning crypto market quick virtual currency exchange transactions.

Still i would love to see it with a complete withdraw to Pay Pal, Bank account or any other service in case we had to, also deposit back from them as vice versa. Just like you have from Coinbase. I think it would be a direct competitor to them since there are not much of these kind of services with direct pay pal or bank account exchangers.

As soon as you start interacting with financial institutions like PayPal or banks, I don't think you can avoid government scrutiny (and by extension, KYC requirements). Especially if you try to become an entity large enough to rival Coinbase...

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What I really like about my Trezor hard wallet is that it actually will allow me to do these exchanges with all the above exchangers, and it will automatically sort and compare the amounts I'll receive from them. This way, I can make sure that I receive the most for my money on an exchange. Great feature for it, you should try it if you have a Trezor hard wallet.

I know exchangers like this really don't provide the optimal rate, but sometimes it can actually save you money compared to using a traditional exchange for smaller amounts when you take into account withdrawal fees at them. Some i've seen as high as 0.001BTC, with the average being around 0.00025-0.0005BTC. BTW in my experience it seems that coinswitch normally provides the best rate (usually).

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