Independence, anonymity and a lack of regulation were always the fundamental values of the idea of cryptocurrency. But it has been 10 years since the virtual coins took on a more practical form of the first digital currency and staying true to these ideals proved a bit more difficult than it seemed.
The anonymity of the cryptocurrencies… truth or myth
In theory, digital money was supposed to be 100% anonymous, independent, and the history of their owners impossible to track. And the first cryptocurrencies met these strict criteria. But as time went on, the attachment to these values started to diminish for various reasons. As the cryptography market developed, more and more problems began to surface. Unsettlingly often cryptocurrencies were used for illegal purposes, like money laundering or financing crime groups. Hacker attacks also dealt a heavy blow to the cryptomarkets, as they robbed hundreds of people of their funds, worth billions of dollars.
Another problem turned out to be the legal status of cryptocurrencies. This new technology, resisting any regulation, had to deal with the risk of getting banned in countries where the governments feared the risks that digital money can carry. The additional matter of the safety of crypto users themselves lead to the situation, when although some cryptocurrencies try to retain the aspects of independence and anonymity, trade and exchange platforms started leaving them behind in favour of protecting their clients and status.
Cryptocurrencies in the world of laws and taxes
The rise on the popularity of cryptocurrencies is visible not only in the amount of users, but also in the fact that lawmakers of various countries and international organisations started expressing their interest in implementing them, as well as in their legal status. The range of reactions to this new technology was very wide, from plans to criminalize and outright ban them, through creating new regulations and requirements, to a total lack of new laws. Currently a total ban exists in very few places, like Egypt and Nepal. Many governments which initially considered the ban, resigned from these plans in favour of more moderate approach, not only due to the societal pressure, but also for purely practical reasons. An increasing amount of people is interested in cryptocurrency trading, so the more lucrative solution was to simply put a tax on it and enable a rising number of companies that use crypto-based solutions to function. When it comes to safety, on the other hand, the current consensus in USA and EU requires identity verification while setting up an account on cryptocurrency trade platforms.
The independence of buying and using
As it was mentioned above, the cryptocurrencies themselves are usually anonymous and decentralized, but services and platforms used for buying and trading them often aren’t. But as everyone knows, demand creates supply, which is doubly true in the case of the cryptomarket, which relies heavily on this rule. For this reason, in response to the verification requirement, services offering cryptocurrency trade with no registration quickly started to pop up. It’s a great solution for people who do not want to resign from their privacy, but caution is advised in case of cryptomarkets offering this feature. They often attract hackers, so it’s important to look for the least risky options. A good way to safely trade cryptocurrencies with no registration is to opt for an online crypto-cantor .
The last bastion – cryptocurrency cantor with no registration.
Online crypto-cantors are mostly used for quick exchanges of fiat currency to crypto or crypto to fiat. Currencies aren’t stored in one place for too long, so they are not as tempting for internet thieves as cryptomarkets are. The form of a cantor also provides more ways to secure the transactions and user information, which makes it a very safe and convenient way to get cryptocurrency without the need of time-consuming verification process or a high risk of losing the money.
Many cryptocurrency cantors bypass the identity verification requirement, but even in this group most of them still requires or strongly encourages setting up an account. One of the few platforms who not only don’t use extensive verifications but simply resigns from the registration feature in general is the independent cryptocurrency cantor Crypto-ATM. It offers fast exchanges in as many as 24 crypto-fiat pairs with a minimal amount of formalities. They buying process is very easy, it can be done from the comfort of your couch and you will get the cryptocurrency in less than 20 minutes. In addition, Crypto-ATM also enables specifying an upper limit for the acceptable price rise, terminating the exchange in case it is crossed. This system, known as stop-loss, effectively prevents the clients from overpaying due to a sudden surge in the price of the chosen cryptocurrency, which is not a rare occurrence if we consider how dynamic the crypto market is. In case of any questions, the contact info is placed in a visible place on the main page, allowing clients to use the help of a highly qualified Customer Service Centre.
Despite having quite a short history, cryptocurrencies managed to evolve greatly ever since they turned up on the market. The phenomenon of crypto, although greatly unprecedented, is undoubtedly fascinating and groundbreaking for our technological advance, but as the branch evolves rapidly, so do standards and priorities. Despite that, privacy is a very integral part of our society as a whole, and excluding this value in the case of cryptocurrency would would breach their very fundaments and purpose. Luckily, the crypto market quickly creates supply wherever demand shows up. The proof of that are online crypto-cantors without registration which allow for independent cryptocurrency trade without the need for resigning from anonymity or safety.