![]() Usability is an important factor to consider when choosing a cryptocurrency exchange platform, such as ShapeShift. The security of your crypto coins ultimately depends on you, as ShapeShift exchange was previously anonymous. In the crypto world, the saying “not your keys, not your cryptos” is true to an extent – if you don’t own your private wallet key, you don’t truly own your assets, as they can be lost in an instant. ShapeShift will never request your private key, which is an essential thing to remember. Additionally, two-factor authentication is available on the site for added security. You can be sure that each time you perform a transaction, a new public wallet key is generated for you, providing identity and account protection. Rest assured, ShapeShift has maintained its security even after discontinuing the anonymity feature. People may be wondering if ShapeShift is legit before committing to a purchase. However, cryptocurrency enthusiasts often prefer this decentralized option, as evidenced by ShapeShift exchange reviews. ShapeShift’s lack of a thorough account creation process was both a pro and a con. Reviews of the platform, however, suggest that the experience may be different. ShapeShift stands out from other crypto exchanges due to its anonymous purchasing feature. Users should be aware of the potential risks of a leak or hack, and make sure that the platform they are using has the necessary security measures in place to protect their assets. When it comes to cryptocurrency exchange platforms, security should always be the top priority. A Unique Balance of Security VS Anonymity To answer this question, we should first examine the safety and usability of ShapeShift before exploring its other features. Is ShapeShift safe and worth using? That’s the question most cryptocurrency enthusiasts ask when looking for ShapeShift exchange reviews online. Key Features and Advantages of ShapeShift Today, there are over 750 cryptocurrencies available for trading, including popular coins such as Bitcoin, ETC, BlackCoin, Augur, and Gnosis. By July 2018, the list of cryptocurrencies had expanded to 103. Initially, users could only trade a few cryptocurrencies.Īs the registered user list grew, the platform increased its trade count to 40 cryptocurrencies and 940 trading pairs by 2015. Erik designed ShapeShift to make purchasing cryptos like Bitcoin as easy as possible, transforming it into a “vending machine” that anyone can use. ShapeShift, founded in 2013 by Blockchain enthusiast Erik Voorhees, is a Cryptocurrency exchange website that debuted in 2014. Although it hasn’t achieved the same level of recognition as other exchanges such as Binance or Kucoin, ShapeShift is a viable alternative and deserves consideration. ShapeShift is a unique crypto exchange that offers users a range of features. Some Users Report Lost Funds During Transactions.A Unique Balance of Security VS Anonymity.Key Features and Advantages of ShapeShift.
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