I use binance & bybit currently, but because im EEA user so i can’t use launchpool and launcherpad etc.
Is it possible have a cex i can get all features and privacy focused? open source(optional) + >5% APY stablecoin earn + airdrop,launchpool,liquidity mining… guys do you have any recommend?
Isn’t the blockchain public anyway?
what did you mean? i dont understand. yes the blockchain is public, but the problem is how to keep privacy and get profit, some cex provide many investment product let user to earn, i just want to find a privacy focused cex let me get earn and keep privacy, that’s it, i dont think binance and bybit is the final answer, do you have a recommend?
i think for cryptocurrency exchanges , you would have to focus more on security than its privacy. To assess the privacy of an exchange you yourself need to read all the T& C of exchanges. so far i don’t think anyone has rated exchanges based on privacy . Yes security wise we could rate exchanges. So far binance have had a good record with respect to hacks and safeguard of user funds. I also like the security of kraken exchange as they seems to better security options for users too. But it may not give you other benefits like mining pool or desired APY. I have not used every exchange to rate it,
I believe the only way to do the exchange is to use a decentralized swapper. The importance of the privacy of an exchange is dwarfed to the privacy/security of the currency network and I only know of Monero (XMR) as the most private currency (see the existing PG article on it). The PG Monero guide discusses the proper secure way to obtain Monero and offers some suggestions.
There are roughly the steps:
Obtain common public currency (often BTC) in as private/secure of a way as possible for centralized, however you should assume traceability when using centralized exchanges IMO.
Convert BTC to XMR on a decentralized swapper exchange(I use Bisq), but this doesn’t run via the TOR network which is why PG recommends Retoswap.
Take part in the best known anonymous economy and don’t do
*hitmen, human trafficking, child exploitation, etc…
you know…the stuff that rich people do and get away with in our current system.
Unlike the official statement that must be held by PG I think balancing deontological and consequential ethics towards a public greater good without violating Kant’s Universal Law (i.e. civil disobedience) justifies some level of illegality. I view it as the counterbalance of corporate lobbying… but that just me…
Convert XMR to BTC via swapper.
Move BTC back to centralized or local fiat.
This is really the only way. You have to also take care of setting up your wallets BTC and XMR without tracing it back to your meatspace identity or any other identities your have online.
Update: This also is how I would purchase Mullvad VPN to get the best known anonymity VPN for identities with higher threat models, especially those concerned with state agents.
Kraken banned me, and vpn unfriendly so i dont like kraken, and yea as you said focus on security is better than privacy, but i still dislike trackers and ads in cex software, and if i really want to get the best security and privacy i just need to buy a hardware wallet or use some open source wallet software, but the key is how to get “profit” and keep security and privacy, so if i can get more than >500% APY and it’s stability & trustility very good, i dont really care to share my privacy to this provider, and i belive for most people if you can staking $1M and get $5M a year later, you will allowed some privacy sucks software in phone.
some people misunderstood me here, privacy & security focused platform so lot, but very few of these can earn money, i use bybit card currently, i can get 2-10% cashback per payment, and i can also get 5-10% APY stablecoin earn in bybit, it’ll ease my cost of living. not i use XMR and hardware wallet to loss my money everyday, thats not good. i just need to a privacy alternatives that fulfill these requirements, i know may not exist, please let me know if now i’m using is the final answer