Now that ShapeShift appears to be moving away from its model of “anonymous” cryptocurrency exchanging, users are starting to look for alternatives. There are still a fair few solutions out there which provide exactly that functionality. The following options are ranked in terms of perceived overall market traction.
Although it would appear a lot of people have no idea this solution even exists, Flypme generates a small amount of volume every single day. Its support of over 2 dozen cryptocurrencies allows for some intriguing exchange pairs. Both top cryptocurrencies as well as smaller altcoins and ERC20 tokens are supported at this stage. The platform does not require users to register an account, and the exchange will take place on the fly.
It will be a bit difficult for Flypme to gain any real traction overnight. While the solution has a lot of merit on paper, it is evident ShapeShift dominated this market for far too long. It remains unclear if that particular firm will lose any real market traction in the coming months, depending on further changes to their business model as a whole.
With a rather marketable name, MorphToken has a lot of potential in terms of exchanging between different cryptocurrencies. Its platform offers that exact functionality, or an option for users to split one digital asset into many others as they see fit. Users can determine the “weight” of the assets they aim to achieve, which allows for some interesting options along the way. The platform offers limited currency support, as only 6 options are available as of right now (Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Dash, and Monero).
After receiving some excellent reviews on various websites, it is safe to say CoinSwitch is a strong contender in this particular market. It allows for the trading of over 300 coins on the fly with no registration necessary. Although the platform also offers solutions through existing coin swapping platforms, the company also lists various options pertaining to specific exchanges. Users can benefit from these offers without having to sign up for an exchange altogether.
Why not Changelly?
Some people may have noticed Changelly is not on this list, and for a good reason. The platform requires users to create an account, whereas the other three solutions on this list do not. As this list is all about platforms supporting “Anonymous” exchanging of cryptocurrencies, it is not just to include Changelly in these ranks.