StealthEX Review

The post StealthEX Review by Sarah Horvath appeared first on Benzinga. Visit Benzinga to get more great content like this.

While many cryptocurrency exchanges offer elaborate platforms with countless tools, charts and features, they often lack the privacy provided by StealthEX. If you are looking to exchange cryptocurrency with no sign-up required, StealthEX may be the platform for you. The easy-to-use service provides two main features cryptocurrency investors need: the ability to buy crypto with fiat currency and the ability to swap coins and tokens between exchanges. 

The process to exchange cryptocurrency on StealthEX is entirely straightforward. The exchange service is located right on the homepage of the website. By clicking on the drop-down menu, you can search over 400 assets and select the currencies you want to swap. You will also need to determine the amount you would like to trade. 

After you input these fields, StealthEX displays the estimated amount of cryptocurrency you will receive. If you would rather receive an exact amount, click the tiny lock to switch to a fixed exchange rate. Select start exchange to take you to the next step. You are then required to input the wallet address where you would like to receive the crypto. Using its algorithm, StealthEX searches for the best rate over various exchanges and completes the trade for you. Generally, in under 30 minutes, you will receive the new cryptocurrency into your specified wallet. 

Let’s look at an exchange example. If you want to exchange 0.1 Bitcoin (BTC) into Ethereum (ETFH), input 0.1 BTC on the left-hand side of the entry field on the homepage and wait for the right-hand side to populate with the expected ETH, which in this example is about 1.67 ETH. If the exchange rate you’re seeing looks acceptable, click the start exchange button. Afterward, paste your ETH wallet address as the receipt destination and hit next. Copy the wallet address provided by StealthEX, and send the 0.1 BTC from your wallet to this address. All that is left is to wait to receive the ETH in the designated wallet.

StealthEX’s simple exchange is easy enough for even total beginners to use effectively. 

StealthEX offers Bitcoin, Ethereum, Tron, Algorand, Basic Attention Token, Binance USD, Bitcoin Cash, Dai and Tether as coins available for purchase and will add more in the near future. To purchase, toggle the option from the exchange mode on the homepage to the buy mode. Select the cryptocurrency you would like to purchase from the options above and start the exchange. Then, just as when you exchange, input the wallet address where you would like to receive the funds, and choose next. A pop-up will appear from the purchase partner Mercuryo to input your card information. You need to verify your identity if it is your first time using Mercuryo and your purchase is over 900 euros in value or if you meet specific regulatory requirements of your region. After processing, your cryptocurrency will arrive at your desired wallet address. 

With such a straightforward process to exchange crypto while maintaining privacy, StealthEX is an optimal option for those investors prioritizing anonymity. The only aspect not as ideal is the limited buying options for investors purchasing cryptocurrency with fiat money.

StealthEX’s 24/7 customer service undoubtedly deserves five stars, particularly the chat feature. After sending the first message, Benzinga received a live response in under a minute, which is relatively unheard of for live chat options. Should you wish to contact StealthEX through another method, the following contact options are available. 

• Email: To get in contact with StealthEX via email, send a message to [email protected].
• Online form: If you’d prefer to submit your online request without using your personal email address directly, you can complete a request for a contact form.
• Telegram: Send a message to the StealthEX team via Telegram.

StealthEX also offers a YouTube channel, which you can use to learn more about the platform and its features. Begin exploring video tutorials and more here. 

Since StealthEX is a non-custodial crypto exchange, security perks come with using it as your primary exchange. StealthEX works as an intermediary, so it is not responsible for holding your cryptocurrency in a provided wallet. The exchange partners are incredibly secure, including Binance, Huobi, Kucoin and HitBTC. In addition, because of the nature of the StealthEX model that does not require you to provide identifying information for simply exchanging crypto, you are not at risk for identity theft. Your cryptocurrency wallets are also safe, as you send the funds to StealthEX using a public wallet address. 

StealthEX charges a reasonable service fee for exchanges of 0.4% of the input cryptocurrency’s value. However, you also need to take care regarding the network transaction fee, sometimes referred to as a gas fee by those in the crypto industry. These fees differ by coin, amount and the amount of traffic on that particular blockchain network. There are also sometimes crypto trading fees on the side of the liquidity provider. While there are no minimum exchange amounts, you need to have enough to cover the network fees. 

What is a network transaction fee? This fee is charged to process your transaction on the blockchain. These fees are not unique to StealthEX but are charged for nearly all blockchain transactions. To understand the purpose of these fees, you must have a solid grasp of how blockchain technology functions and processes a transaction. When you request a transaction on the blockchain, such as sending cryptocurrency between wallets or swapping one coin for another, a block is created to represent this transaction. The block is then sent through to every network participant (node), where it is validated and subsequently added to the blockchain. The change is reflected throughout the whole network. These nodes, sometimes referred to as miners or stakers, are incentivized to play their role with cryptocurrency payments. That is where the network fee comes in. It rewards the nodes for verifying the transaction and adding it to the blockchain. 

The network fee varies considerably based on supply and demand — the more congested the blockchain network, the more expensive the gas fee that is charged. If a network fee is too high at the current moment, sometimes the best option is to check later when the activity may have died down. Keep in mind that StealthEX does not control the networks it connects you with, which means that it has no control over the network fees you pay, nor does the platform receive a portion of this fee. 

With all of the potential variations in fees, StealthEX does an exceptional job of presenting you with the amount of cryptocurrency you will receive after all possible charges, so you are fully knowledgeable to make the best trade for your situation.

StealthEX provides a myriad of benefits to users, including the following major points. 

• Enhanced privacy: Because it is a non-custodial exchange, StealthEX can easily maintain your privacy when exchanging crypto by not requiring personal identifying information. StealthEX does not impose maximum limitations for cryptocurrency exchanges, which makes this an excellent option if you are dealing with a large amount of funds. 
• Intuitive design for beginners: The website setup that StealthEX has chosen is incredibly straightforward, with the main functions located right in the middle of the homepage. As long as you have a cryptocurrency wallet already set up, you can get started using the platform with just a few clicks. The minimalist design allows you to focus on the task at hand and does not distract you with ads, pop-ups or extra features. 
• Educational tools and resources: StealthEX steps into the educational side of crypto as well. Its blog covers categories such as crypto, blockchain, investment, mining, how to buy and price predictions. StealthEX also publishes newsletters and articles through a Medium profile. The educational resources put forth a range of topics that can benefit both newbies and experienced traders.

Offering many benefits to users, StealthEX provides more than the main advantage of privacy. With affiliate programs, educational resources, no maximum limits and a minimalistic website, it draws users just starting in crypto as well as experienced traders looking to swap large amounts of cryptocurrency. 

StealthEX is easy to use. While it lacks certain features such as analytical tools and live charts often seen with competitors, it serves its purpose by being outstanding in its primary intent, providing a way for you to swap cryptocurrency efficiently while maintaining your anonymity. As the platform is non-custodial, it is accessible globally. Keep in mind that you will be responsible for knowing and fully understanding your unique local regulations and requirements before you use StealthEX. 

Unfortunately, the platform does not currently offer a mobile app, although it provides a way for users to exchange crypto while mobile via its Telegram bot. This can be an appealing feature for anyone interested in crypto investing on the go who is already familiar with Telegram. 

StealthEX vs Competitors

While StealthEX offers a number of features and a straightforward way to get started swapping and buying cryptocurrencies, it does have a range of competitors offering their own set of special features. Cryptocurrency brokers like Coinbase, Kraken and Webull appeal to investors looking for more analytic tools and features and provide a wider range of assets to invest in through the use of fiat currency. 

Benzinga offers insights and reviews on the following StealthEX competitors. Consider checking out a few of the reviews below before you select your trading platform of choice. 

StealthEX is an excellent platform for those looking for a simple way to exchange cryptocurrency and maintain privacy. It also provides responsive customer service, educational resources, affiliate programs, no maximum limits and helpful fee estimates. With more than 400 exchangeable assets, StealthEX offers you a one-stop-shop for exchanging coins and tokens across platforms. 

You can buy some cryptocurrencies through the platform using fiat money. However, the selection is not extensive, so you may not find the coin you want to purchase if you’re looking for less common offerings. In addition, it is not possible to withdraw fiat currency to a bank account through StealthEX. StealthEX does not provide live charts and indicators like some other platforms. Overall, these few cons of the exchange are easily overlooked as these do not affect the primary service performed on the website, which is exchanging crypto. 

StealthEX Video Tutorial

Frequently Asked Questions

The post StealthEX Review by Sarah Horvath appeared first on Benzinga. Visit Benzinga to get more great content like this.