Hi all. I have some crypto, a few different types. I’ve been learning how to “read” CryptTrader to make smart trades between coins. Now I’m ready to start day trading between coins but I really don’t want to “register” anywhere. All the coins I have I’ve obtained “privately” and would like to keep my activity that way.
So, aside from shapeshift.io (which doesn’t offer the best rates) what are your suggestions for a way to privately, in real-time, trade between cryptos?
You can’t “day trade” like you want to with low or no fees without submitting identity documents, because for all practical purposes it’s been deemed illegal to do such anonymously as a US Citizen.
So basically high rates or no privacy?
I’m not sure you’re getting much privacy with things like ShapeShift to begin with, since they’re definitely being monitored for future seizure action by government.
Just sign up with exchanges that do not require identity. Some decentralized exchanges like https://etherdelta.com/ don’t. There are like 10,000 different markets:
https://coinmarketcap.com/currencies/volume/24-hour/
Just don’t keep too much on the exchange in case it’s hacked. Also ask the people on
https://riot.im/app/#/room/#nhcrypto:matrix.org
But if you want to exhange anonymously you won’t be protected. Try any semi-anonymous exchange like Kraken https://bitcoinbestbuy.com/exchanges/kraken-bitcoin-exchange-review/ But i personally prefer Coinbase due of good conditions.