SideShift.ai Link: https://sideshift.ai
Since the inception of Bitcoin, one of the biggest criticisms levied against it has been its lack of anonymity. It is why many vendors on the darknet have turned to cryptocurrencies that are difficult to trace, such as Monero and Zcash, to preserve their privacy. But what if you have bitcoin and want it to convert to privacy- focussed coins anonymously? It is where SideShift.ai enters the picture.
But is SideShift the best exchange for you? For that, read this article and judge for yourself!
SideShift.ai Overview
Sideshift.AI is a “No-Sign-Up Crypto Exchange.” Per this, it is a vital participant in the crypto exchange industry. While decentralized exchanges (DEXs) have helped with their extensive range of customer experiences, they’re incapable of providing advanced cross-chain trading options.
Centralized Exchanges also work but require you to use your personal information and store your IP address and identification keys elsewhere. Sideshift is counted among the few exchanges like ChangeNow, SimpleSwap, SwapSpace, and StealthEx that retain personal data and allow cross-chain trading.
The exchange layout is nearly identical to Changelly’s, except that there are no signup procedures. Instead, SideShift.Ai provides each user an “Account Secret” that contains a username/password combination and is stored in their browser.
If you intend on using SideShift more, it’s a good idea to keep your account secret for later. It can be found by going to the “Account menu” at the top of the screen and then scrolling down to the Human s Account Secret section. Click on the “Show Account Secret” to reveal it.
SideShift’s terms of service state that the platform is not intended to be used for users living in the United States, North Korea, Cuba, and Iran. However, you can still visit the website through VPN if you live in the countries mentioned above.
Features of SideShift.AI
No Signup is Needed
Decentralized cryptocurrency exchange SideShift does not require a signup or KYC process to use the service. You can select the currency you wish to send or receive and click the send button to complete the transaction.
To complete a transaction, you must type in your code and the amount that needs to be settled in XAI. You can also opt to enter a memo field in the deposit address to bring down the platform processing fee when depositing coins like XLM, XRP, LUNA, or UST coins, as the price of these coins may have different processing fees compared to any other conventional cryptocurrencies.
