Cryptocurrencies

Why you should use Evonax – Cryptocurrencies

As KYC (Know Your Customer) and AML (Anti Money Laundering) regulations intensify day by day, we are entitled to wonder if Bitcoin (BTC), Monero (XMR) and other cryptocurrencies are not losing their essence … Indeed, cryptos claim to fundamentally change financial and government institutions through money. While the fight against money laundering is necessary, KYC could be optional when doing crypto-to-crypto exchanges.


How to protect your privacy?

If you are wondering if it is possible to do crypto to crypto exchanges without sacrificing your privacy, The answer is yes ! This is called Evonax, and this platform allows easy, reliable and secure exchanges !

But before using an exchange, it is important to check three points :

  1. Who is the team behind the exchange ? She should not be anonymous or hide behind false identities in order to be able to defend the project.
  2. The exchange should not hide in a tax haven, exempt from any regulation (especially European).
  3. Check the reviews given on the platform, through tools like TrustPilot, or by doing your own research.

Taking into account these three principles, let’s study Evonax and the services that this exchange provides.

Introducing Evonax

For simplicity, Evonax is a non-custodial platform (you remain in control of your cryptos from end to end) allowing instant exchanges between a dozen cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Monero (XMR) and many more. There is no fees, but a spread is applied (price difference at the time of the exchange, but we will come back to this later). And the best for the end : you do not need to register to use the platform ! And who says no registration necessary says no KYC and therefore protection of your privacy.

To top it off, Evonax really is very easy to use and intuitive. So much so that there is no point in writing a step-by-step guide. You simply have to indicate the crypto you have, the one you want, and click on “Start exchange”. Easy.

Besides its ease of use, the platform is also very secure. Based in Europe, the company has its accounts in Denmark and they are freely searchable.

Who is the team behind Evonax?

The three main people behind Evonax are easy to find on the internet. We can even say that they are not trying to hide, on the contrary!

And when you are told on the contrary, it is not for nothing. So, Nikolaj Rosenthal is not only the CEO of the Evonax platform, but it’s also a professional athlete … and the first to be paid in Bitcoin !

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Cryptoassets are highly volatile unregulated investment products. No EU investor protection. Your capital is at risk.

Then you have Kaare Siesing who has over 30 years of experience in the IT industry and who, of course, is the technical director of Evonax.

Finally, Poul Thyregod takes care of all the strategy, administration and marketing part for Evonax.

What are the opinions on Evonax?

You don’t have to take this article at its word. However, many online feedbacks point in the same direction : Evonax is a good platform! On TrustPilot, Evonax has a 4.5 / 5 rating with over 90 reviews and an exemplary reputation.

The only negative comments come from expectations when converting your cryptocurrency to dollars.

Evonax and the competition

If you are familiar with unregistered platforms, you know that the majority of these force you to provide an email anyway. In addition, many security or waiting issues can be felt, especially in the context of P2P exchanges (Peer-To-Peer or Peer-to-Pair).

Although Evonax does not claim to charge any fees, there is actually a spread applied to prices. This difference represents a loss of about 4% on your exchanges. It may seem like a lot, but for a P2P exchange, this price is competitive. So, on platforms like Paxful or Localbitcoins, these fees can go up to 15%!

One of the downsides of using a P2P platform is that for large amounts, you will often need to find not one individual but several to trade. Evonax gets around this problem by using platforms like Kraken in the event of a large order. in order to ensure a quality service, even if it can cause a longer wait.

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Cryptoassets are highly volatile unregulated investment products. No EU investor protection. Your capital is at risk.

In summary, Evonax is quite simply the easiest way to exchange your bitcoin, ethers, XRM or any other cryptocurrency available on their site! And this simplicity doesn’t come at the expense of security, which makes Evonax a really great service! If you find a better and easier service, we would be curious to find out!

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