If you own cryptocurrency, it’s important to have several crypto exchanges in your arsenal. You may find an attractive XMR to BTC exchange rate in one place and a no-limit policy fitting for your large ETH transactions in another. For certain trades, it’s also good to have a completely anonymous platform on hand. One such option is Godex — let’s take a closer look at this exchange and determine whether it is a worthy option for your crypto transactions.
Let’s Get Acquainted With Godex
Two of the key unique features of cryptocurrency are its immutability and anonymous nature. However, when you use most of the centralized crypto exchanges, you have to give up your personal information to the exchange. Doing this makes these features of cryptocurrency pointless, as your transactions are tracked by the exchange. Your money could also be seized by the government at any time since you don’t control your private keys.
Godex rejects the idea that you need to hand over your personal information to use a crypto exchange. You can buy and sell all kinds of cryptocurrency on this anonymous crypto exchange without proving your identity or creating an account. This also reduces the risk of your information being stolen by hackers, as Godex does not store this info in the first place.
How Does It Work?
Godex has an interesting structure for its transactions. Rather than matching buyers and sellers similar to other exchanges, Godex allows you to trade directly with Godex at fixed exchange rates. The rates are based on algorithms that scan the current market. This provides stability on the exchange, as well as a slight protection from volatile price swings.
Godex does not have the in-built exchange limits that other platforms such as Coinbase have. On Godex, you can conduct as many transactions as you like, at any volume you like, without limits.
Godex.io is also one of the fastest exchanges available, with trades being executed in 5-30 minutes. Service reliability is based on modern security protocols. Godex servers are also under physical protection from attack.
Exchange Crypto With Godex in 5 Steps
Godex works much like any other cryptocurrency exchange. A transaction has the following main steps:
- You choose the currencies you’d like to trade and the amount, then view the guaranteed fixed exchange rate.
- Enter your relevant wallet addresses to receive the coins.
- Transfer the coins you are sending to a deposit address provided by the platform.
- The exchange process initiates (this takes 5-30 minutes depending on the transaction type).
- The transaction is completed, and you can view the results.
After the transaction, you’ll have updated balances in your relevant wallets at the exchange rate set before the transaction.
Reasons to Trust Godex
The main reason to trust any exchange is the team that built the exchange. When you use a platform, you’re trusting their ethical standards as well as their technical expertise. Godex developers are specialists with extensive experience in the development of blockchain applications. They are continually working to improve the Godex exchange by:
- Ensuring the physical servers are under reliable monitoring and protection;
- Using world-standard security protocols;
- Using SSL certificates to eliminate the chance of information interception;
- DDoS attack prevention to ensure maximum uptime and availability of the exchange;
- Strong partnerships with other important exchanges in the industry.
However, as Godex does not require you to give up your personal information for them to store, there is less trust required in the first place. This makes it easier to rely on Godex than other exchanges, as you have much less to lose here in terms of your private information.
Exchange Crypto Anonymously With Guaranteed Fixed Rates
There’s a strong reason to diversify the cryptocurrency exchanges that you use. By expanding your cryptocurrency exchange portfolio to incorporate Godex, you’ll be including a convenient anonymous cryptocurrency exchange. You’ll now have the option of completely private transactions from your wallets in as little as 5 minutes. Try out a private transaction on Godex to see if it’s a good fit for your needs.