ShapeShift has set up an anonymous cryptocurrency exchange service and is now demanding KYC for it. They will also slowly move towards a membership model.
There was talk that ShapeShift would succumb to the regulatory pressure it faced because of its previous business model, which allowed anyone to trade any number of cryptocurrencies without identity verification.
Well, I have to say that just because of this post they were one of the leaders in this field, but that’s in the past.
I really like ShapeShift users and you are looking for sites similar to ShapeShift. I should say that your search should end here, as we have already compiled an exhaustive list. Here are the best alternatives to Shapeshift.
So we’re going in
2021 Alternative to Shapeshift without KYC registration
Here are the best alternatives to the Shapeshift exchange service, and all of these competitors work without registration or KYC verification.
#1. Replacement hero [recommended]
With ChangeHero, you trade over 100 cryptocurrencies in an instant, with no KYC and no account to open.
It is a direct crypto currency exchange service that offers the best rates in the market with no hidden fees. They have been in the cryptocurrency business for a few years now and have the experience to offer highly secure crypto exchange services.
Most importantly, unlike many other instant crypto exchange services, ChangeHero does not require registration and therefore you can trade anonymously.
Their user interface is very intuitive and the support channel is very helpful to answer your questions. Finally, they allow cards on their platform, which means you can use Visa or MasterCard to redeem your cryptocurrencies easily.
#2. Coin switch
CoinSwitch is a crypto currency exchange aggregator that connects to various exchanges like Bittrex, Binance, KuCoin, etc. to provide liquidity for your crypto to crypto exchanges.
And the great thing is that you don’t have to create an account or register with an exchange or even CoinSwitch.
Moreover, you can see what the best deals are for the specific cryptocurrency pair you want to trade.
Buy, sell and trade over 300 crypto-currencies, allcoins, tokens like Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin(LTC), etc. easily with CoinSwitch.
Advantage Changelly, who was now ShapeShift’s closest competitor.
Like ShapeShift, Changelly is also a direct crypto-currency exchange service, but it requires you to sign in with your email ID, which ShapeShift didn’t do before.
But you can easily get around this by using an email ID alias in exchange for access to the full transaction history verified in your Changelly account. And this is a good feature in my opinion, which was also missing in ShapeShift.
Also, everything is similar to ShapeShift and you have access to the best crypto-currencies at the best prices.
Changelly now supports over 130 crypto-currencies, and I find the user interface clear enough for even a beginner to understand.
And it gets even better:
They charge relatively low fees (0.5%) and offer the best interest rate available at the time of the transaction.
Flyp.me is another alternative to ShapeShift.io that allows you to anonymously exchange one cryptocurrency for another.
Flyp.me allows you to trade 26 cryptocurrencies instantly and securely, directly into your cryptocurrency wallet, without registration, email or ID.
And it gets even better:
With Flyp.me, you are always in control of your capital and have the opportunity to become a HODLer of FYP tokens to get 50% profit forever.
One of the tasks of this kind of service is to gather enough liquidity, but for now Flyp.me has a decent liquidity of 10 BTC per day.
Want to know more about another service like ShapeShift?
Here it is, and it’s called MorphTrade.
MorphTrade is an instant crypto exchange that helps you securely share, convert or transfer blockchain-based digital assets to any wallet address.
I know many of you are wondering what it means to share.
Well, this simply means that you can split your initial crypto assets and convert them into multiple coins or assets in one transaction.
For example, if you want to trade 1 BTC for LTC, ETH and XMR, MorphTrade allows you to do so in one transaction by assigning the appropriate trade weight.
And as with the previous ShapeShift, there is no need to register or create an account when using MorphTade, and here is their price list.
BlockTrades allows you to trade cryptocurrencies quickly and safely without having to open an account with multiple exchanges.
So it is an alternative to ShapeShift, but this service is relatively new and the user interface is somewhat outdated.
Anyway, it works well and is in good condition. They recently added Bitcoin Cash SV to their service, which shows that they are on the cutting edge.
You can register if you want to keep track of your trading history, but you can also trade currencies without registering.
Now that ShapeShift has switched to a compatible model, there are many competitors to ShapeShift, and all the services I listed above have also benefited from ShapeShift’s change of model.
Being convinced, I will share with you my experience of using these services.
That’s all from my side, and now I want your opinion: What alternative to ShapeShift do you use? Share it with us in the comments below. I’m currently using ChangeHero and it’s great.
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