From CryptoPotato · By Bridgit Murphy
Exchanging or swapping cryptocurrencies anonymously isn’t always as simple as it should be. This is because some platforms require users to complete several steps, such as creating an account, completing Know Your Customer (KYC) verification, or even connecting their wallets before they can proceed with the transaction. Although these steps may serve different purposes, they can be inconvenient for users who prefer to swap their digital currencies without having to reveal their identity.
However, there are platforms that allow users to swap digital currencies without going through the usual registration and KYC processes.
This is where HiddenSwap comes in. The platform offers crypto swaps without requiring users to create accounts, connect their wallets, or complete Know Your Customer (KYC) verification. It also offers a simple interface designed to make the swapping process straightforward. This article takes a closer look at HiddenSwap, how it works, and its key features.
How Does HiddenSwap Work?
HiddenSwap makes crypto swaps as similar as they are with decentralized applications (dApps), such as Uniswap, PancakeSwap, and Jupiter. The difference is, you’re not connecting any wallet, creating any account, or undergoing KYC.
To execute a crypto swap, users will choose the cryptocurrencies they want to send and receive. They would also choose their preferred networks when necessary. Next, they would input the amount they intend to send. The equivalent amount to receive will appear automatically. Note that the rate displayed already accounts for the applicable fees.
Users would then paste the wallet addresses for the account they are sending from (Sending address) and the one they are sending to (Destination address). For instance, if a user is sending Bitcoin (BTC) to receive Monero (XMR), they paste both addresses on HiddenSwap’s swap page and hit the “Start Swap” tab.
HiddenSwap automatically provides an address for the user to send the crypto to. Following the example provided, the user will be provided with a BTC address to send the exact amount they want to swap.
The platform provides users with an Order ID, which serves as a way of identifying their swap. Users must save the order ID throughout the swap process, as it is what they would present in the case of a complaint or refund. They also use the order ID to track their swap.
Once the swap is complete, users can head to their destination wallet to view their account balance.
HiddenSwap requires users to provide their sending address so that, in a situation where the wrong amount is sent or a swap cannot be completed, the crypto gets moved back to the address it came from.
Key Features of HiddenSwap