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10 Best Crypto Exchange For Privacy Coins Like Monero Or Zcash

10 Best Crypto Exchange For Privacy Coins Like Monero Or Zcash

In this article, I will address the Best Crypto Exchange for XMR Monero or ZEC Zcash. Privacy coins have heightened anonymity features, shielding one’s identity and sensitive information from being stolen or misused by malicious actors.

In this post , I will analyze the best crypto exchanges that allow trading of Monero (XMR) and Zcash (ZEC). My focus will be on security, privacy, user-friendliness, and the level of anonymity provided.

Key Points & Best Crypto Exchange For Privacy Coins Like Monero Or Zcash

PlatformKey Point
PoloniexA well-established exchange offering a wide range of cryptos and advanced trading tools.
HitBTCKnown for its high liquidity and low fees, supports many altcoins and trading pairs.
PrimeXBTLeverage trading platform with crypto, forex, and commodities, focusing on low fees and fast execution.
ChangellyInstant cryptocurrency exchange with a simple interface and no account required for small trades.
Hodl HodlPeer-to-peer platform with non-custodial, multisig escrow security and no KYC requirements.
BinanceA peer-to-peer exchange specializing in Monero trades, offering privacy-focused transactions with no KYC.
TradeOgreA smaller, privacy-focused exchange supporting a variety of cryptocurrencies, ideal for quick trades.
CoinExGlobal crypto exchange with competitive fees, a wide range of altcoins, and no KYC for small trades.
ShapeShiftDecentralized exchange that enables instant crypto swaps with no KYC required.
OKXMajor exchange offering a range of services, including spot, futures, and DeFi trading, with low fees.

10 Best Crypto Exchange For Privacy Coins Like Monero Or Zcash

1.Poloniex

Poloniex is one of the best exchanges when it comes to purchasing and trading privacy-oriented cryptocurrencies like Monero (XMR) and Zcash (ZEC). With an ample mix of privacy coins, Poloniex guarantees safety and convenience to those who value anonymity.

The exchange offers sophisticated trading options, competitive pricing, and strong security measures such as 2FA.

Poloniex

In addition, Poloniex facilitates quick transfers for Monero and Zcash, catering to both privacy lovers and energetic traders who want to manage their digital assets safely and effortlessly. Don’t give up ease of use for privacy; enjoy it on Poloniex.

FeatureDetails
Wide Asset RangeSupports many cryptocurrencies, including privacy coins.
Advanced TradingOffers margin and spot trading with detailed charts.
Low FeesCompetitive trading and withdrawal fees.
Strong SecurityTwo-factor authentication and cold storage for funds.

2.HitBTC

HitBTC is a trustworthy platform for trading privacy coins like Monero (XMR) and Zcash (ZEC). HitBTC is known for having a large selection of coins, and it allows users to conveniently trade privacy coins on a safe and effective platform.

The exchange offers advanced trading tools, low fees, and high liquidity which guarantees seamless interactions.

HitBTC

HitBTC enables the safe storage of your privacy coins while also employing two-factor authentication. As a privacy-focused trader or someone looking to expand their assets, investing in cryptocurrencies is made easy by HitBTC.

FeatureDetails
High LiquiditySuitable for trading large volumes.
Extensive Altcoin SupportLists a wide range of lesser-known and privacy coins.
Low Trading FeesMaker-taker fee model with very low costs.
Advanced ToolsProfessional trading interface with API access.

3.PrimeXBT

PrimeXBT is an exceptional platform for trading privacy-oriented cryptocurrencies like Monero (XMR) and Zcash (ZEC), as it offers a secure and quick exchange service without compulsory KYC for nominal transactions.

PrimeXBT

Furthermore, the exchange enables trading of crypto, forex, and commodities with high leverage which is convenient for funds focused on privacy coins. Low trading fees alongside sophisticated charting tools are also availed by PrimeXBT for enhanced trading decisions.

An intuitive interface coupled with robust security features allows privacy-focused traders to remain anonymous while executing trades seamlessly on PrimeXBT.

FeatureDetails
Multi-Asset TradingTrade crypto, forex, commodities, and indices.
High LeverageUp to 100x leverage available on crypto assets.
No Mandatory KYCSmall withdrawals and trades without KYC.
Strong SecurityBank-grade security features and cold storage.

4.Changelly

Trading Monero (XMR) and Zcash (ZEC) is done best using Changelly. The exchange offers quick, effortless and KYC check-free swaps which is perfect for privacy loving users.

Changelly provides access to privacy coins at competitive rates. Users do not have to create an account for small transactions.

Changelly

The platform also supports a variety of wallets which allows for instant exchanging of Monero, Zcash and other privacy coins.

Changelly is known to be low fee in addition to being fast and secure. Those who wish to remain anonymous while trading will find Changelly’s services simple, efficient and private.

FeatureDetails
Instant SwapsQuick conversion between cryptocurrencies.
No Account NeededSmall transactions without registration.
Competitive RatesAggregates offers to find the best prices.
Supports Many CoinsIncluding Monero, Zcash, and others.
Integration FriendlyConnects easily with many crypto wallets.

5.Hodl Hodl

Hodl Hodl is specifically designed as a peer-to-peer exchange for trading privacy coins such as Monero (XMR) and Zcash (ZEC). Its non-custodial, multisig escrow system is unique in that it allows users complete access to their funds throughout the course of the transaction.

No mandatory KYC coupled with the focus on privacy makes Hodl Hodl ideal for traders who want to maintain an extra level of anonymity.

Hodl Hodl

The platform broadens the scope of payment options available for Monero and Zcash, enabling fast, safe, and anonymous exchanges. If privacy matters to you, Hodl Hodl enables safe and effective trading of privacy coins.

FeatureDetails
Peer-to-Peer TradingDirect trades without intermediaries.
No Custody of FundsMultisig escrow system for security.
No KYC RequiredFull user privacy.
Flexible Payment OptionsMany fiat and crypto payment methods.
Global AccessOpen to users worldwide.

6.Binance

Due to increased regulatory scrutiny, Binance, once the go-to hub for trading privacy coins like Monero (XMR) and Zcash (ZEC), has shifted its stance on supporting these assets.

As of early 2024, Binance has discontinued trading of Monero and has placed Zcash under a watchlist with intentions of delisting soon.

Binance

These steps are an indication of Binance’s attempts to contain global financial jurisdiction cracks, especially in the European Union where regulations around privacy cryptocurrencies have tightened.

As a result, traders looking to transact with Monero or Zcash will need to shift to other lesser-known exchanges that still trade these privacy coins.

FeatureDetails
Extensive Crypto ListingsWide range of tokens and coins.
High LiquiditySuitable for both small and large trades.
Advanced Trading FeaturesFutures, margin, and staking services available.
Strong SecuritySAFU fund for emergency asset protection.
KYC RequirementsMandatory for most trading activities.

7.TradeOgre

TradeOgre is a non-custodial exchange that focuses on privacy, making it ideal for trading Monero (XMR) and Zcash (ZEC) which are privacy coins. There is no KYC needed for range, enabling trading from wallets.

TradeOgre

The interface is manageable, and users are able to trade with a number of privacy coins on the platform. Unquestionably, the exchange focuses on traders who have privacy concerns because of the low fee structure.

Supporting a variety of range chains while maintaining strong privacy features makes TradeOgre an attractive exchange.

FeatureDetails
Focus on Privacy CoinsSupports Monero, Pirate Chain, and more.
No KYC RequiredTrade anonymously.
Simple InterfaceMinimalist and easy to navigate.
Low Trading FeesAttractive fee structure.
Privacy-Centric PhilosophyMinimal data collection practices.

8.CoinEx

Exchanging procucts in CoinEx allows accesing multiple cryptocurrencies and privacy coins like Monero (XMR) & Zcash (ZEC).

The exchange has low trading fees, outstanding security and easy to use services that make it ideal for novices as well as expert investors.

CoinEx

Like every other exchange, CoinEx requires KYC identification for certain services or withdrawal limitations.

Consequently, clients who wish to deal in privacy coins without revealing their identity may look at some decentralized services such as Hodl Hodl or LocalMonero.

FeatureDetails
Wide Range of AssetsIncluding major and emerging cryptocurrencies.
Competitive FeesDiscounts available with CET token.
Easy-to-Use PlatformGood for beginners and pros.
Optional KYCOnly needed for higher withdrawal limits.
Strong SecurityCold storage and regular audits.

9.ShapeShift

Due to the fact that it was user-friendly and decentralized, ShapeShift was a go-to platform for trading privacy coins such as Monero (XMR) and Zcash (ZEC).

However, on November 2020, ShapeShift removed these privacy coins from its services due to regulatory concerns as the main reason.

ShapeShift

The company mentioned that they were “de-risking” themselves from regulatory scrutiny ” . Consequently, ShapeShift is no longer an option for trading Monero or Zcash. Users looking to trade these privacy coins will have to look for other platforms that still support them.

FeatureDetails
Instant TradingQuick swaps between cryptocurrencies.
No KYC for Wallet UsersKYC not needed when using ShapeShift’s native wallet.
Decentralized OptionsIntegrates with DeFi platforms.
User-Owned KeysFull control of your crypto.
Broad Asset SupportSupports a wide variety of tokens.

10.OKX

In compliance with regulatory concerns, OKX has delisted prominent privacy coins like Monero (XMR) and Zcash (ZEC) as of the beginning of 2024.

The exchange suspended deposits for these coins on December 27, 2023, and removed 20 trading pairs featuring these coins on January 5, 2024.

OKX

Hence, OKX has become unfeasible for trading Monero or Zcash. Users intending to trade these privacy tokens might have to look for other exchanges that still offer these services.

FeatureDetails
Full-Service ExchangeSpot, margin, futures, and DeFi options.
High LiquidityIdeal for large trades.
Advanced Trading ToolsPro-level charts and APIs.
Strong SecurityMulti-layered protection and cold storage.
KYC RequiredNeeded for full access to services.

Conclusion

To summarize, the most appropriate cryptocurrency exchanges for privacy coins such as Monero and Zcash offer top-tier security and anonymity features alongside ease of use.

LocalMonero, TradeOgre, and Hodl Hodl stand out due to their no KYC requirements and allow for peer-to-peer trading.

Selecting the right exchange makes certain that the trading process is secure, private, and efficient while maintaining the user’s financial privacy.