How to Recover Your Anonymity with AirCash While Trading Crypto?

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CEX exchanges

In the early days of the cryptocurrency industry, digital coins allowed traders to trade anonymously. This is the only reason Bitcoin has become a go-to solution for hackers and criminals – a period that threatened to drag it down a darker path and potentially damage its reputation.

However, while the use of cryptocurrency for illicit purposes is something that certainly should not be encouraged, it is also unfair to put absolutely all crypto users in the spotlight by forcing them to reveal their identities. Unfortunately, that’s exactly what happens every time you try to access a centralized exchange.

The KYC problem

As you know, to access and trade on any crypto exchange, you must first open an account on a crypto exchange and then verify your identity by filling out a form provided by the exchange. You have to reveal your name, location, even the exact address. Some platforms such as online brokerage houses will even ask you where you got your trading money from.

This is all due to the need to follow the KYC (Know Your Customer) procedure on which regulators do not negotiate. Either the platform will comply with the procedure followed, or it will lose its license and the support of the regulators who will repress it.

Meanwhile, many think it’s ridiculous that you need KYC to do absolutely anything with your own money. Not only that, but you have to use centralized crypto exchanges to cash in or cash out. Centralization itself is part of the traditional financial industry and as such its time is over.

Although DEXs have only recently become sufficiently reliable, they are developing at an impressive rate and new and improved solutions such as AirCash continue to emerge and offer alternatives to current systems.

What is AirCash?

Dissatisfied with the state of affairs explained above, AirCash has become the first and largest decentralized OTC crypto trading platform in the galaxy. It was envisioned as a solution to the mentioned problems with modern crypto trading, as it allows traders to buy and sell crypto with fiat currency in a decentralized manner. As you may know, the use of decentralized platforms means that traders remain in possession of their private keys, as their funds remain in their private wallets, instead of having to be deposited in the wallet of the ‘exchange.

Being in possession of their private keys, traders are the sole managers of their funds, no one can freeze them, block transactions or anything of the sort.

AirCash was intended to be used by ordinary people, so it was designed to be very simple and easy to use. This way, it encourages use instead of intimidating those with less experience. In doing so, it also pushes for adoption. Using it, you can buy and sell digital currencies with fiat currency in your wallet, and there is no need to go to cryptocurrency exchanges anymore.

Naturally, since it sees KYC as a limitation and the heart of the problem that invades the security and privacy of merchants, AirCash does not require any identity verification. In fact, it doesn’t even require that you have an account, or share your personal information anywhere. This allows you to buy, sell and trade digital currencies the way it was always meant to be – with as much anonymity as can be collected on the internet today.

AirCash preserves security and confidentiality

To say that security and privacy are at risk when using the Internet is an understatement. However, traditional institutions and centralized exchanges do not care. Of course, they will do everything in their power to keep your data secure, but this still leaves them vulnerable and available for theft in the event of a breach.

AirCash aims to really keep users anonymous, and it does so in the best possible way – by not asking you for any data. Merchants can complete all transactions with each other by getting in touch directly via Peer-to-Peer (P2P) messenger. This way, no one will know the details of these transactions except the traders participating in the transaction.

And, of course, the platform is fully decentralized. All the exchanges carried out on the platform take place on the blockchain, and the project has even created a DAO to ensure decentralized governance.

How to use AirCash?

As mentioned earlier, AirCash is extremely easy to use. All the platform requires from the user is their own wallet and money for trade or investment. Once you have joined the platform, you simply connect your anonymous wallet to it, and the buying and selling can begin.

In the event of a dispute, the platform has a mechanism called a “Witness” which will deal with the problem, protect trustworthy traders and punish potential scammers. Being an unbiased witness will earn 10 million project native AIR tokens for each call. In the meantime, one can become a witness automatically after a mortgage of more than 100 billion AIR.

Conclusion

The crypto industry promises a change that puts everyone in charge of their own money, but for that to be the case, the industry will still have to resolve some of its operating problems. One example is the fact that it still depends too much on centralized platforms, which endangers the funds, privacy and anonymity of traders. The crypto industry is meant to put power back into the hands of the people, not just transfer it into the hands of different institutions.

This is why platforms like AirCash are so revolutionary, because they will help bring about this change and make the crypto industry as envisioned by both the community and the creator of Bitcoin, Satoshi Nakamoto.

AirCash is a product of AirCoin Labs, which is a decentralized crypto autonomous organization (DAO).

We urge users to follow all local and national regulations regarding KYC and cryptocurrency trading.

Where to find AirCash and AirCoin Labs:

AirCoin Lab website:

AirCash website:

AirCoin Lab Twitter:

Telegram from AirCoin laboratory:

Discord AirCash:

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