If you want to convert ZEC to BTC, the most profitable conditions might not be your only priority. Some users prefer to perform transactions in cryptocurrency in absolute anonymity, for one or another reason.
If this is your aim, you have several options to swap your ZEC to BTC without passing KYC procedures and without submitting any sensitive information to the exchange where the transaction is going to be processed.
You Can Buy Bitcoins from an Individual
Yes, this opportunity still exists. You can ask in relevant forums or groups whether somebody is willing to swap ZEC to BTC. There are also platforms where peer-to-peer exchanges are still possible.
You will be surprised to see that many people are willing to exchange their coins like this. Some of them would even offer more convenient rates than an exchange.
The main drawback of this option is the possibility of scams. Thus, always check whether the other person has a record of exchanging coins like this and whether there were no complaints. If the person is new in the forum, group, on the platform, it is not recommended to swap coins.
Another drawback is that in such cases it is difficult to find somebody to swap coins if you want to sell a rare coin and buy a more common coin such as Ethereum or Bitcoin.
You Can Use an Exchange Platform to Exchange Coins
Another viable option is to use a reliable platform to exchange coins. If you opt for a platform, always check exchange rates and other benefits. For example, a ZEC to BTC exchange rate on LetsExchange.io can be floating or fixed. If you choose a fixed exchange rate, you protect yourself from price fluctuations if the price drops while the transaction is being performed.
Another benefit that might be considered significant is the variety of cryptocurrency list price. While now, you are exchanging ZEC to Bitcoin, tomorrow, you might want to swap another coin. You shall be confident that the coin is supported by the platform.
Also, one of the main benefits that only an exchange can offer is automatic search and choice of the best deals. A special tool is integrated into the platform. When you indicate the information about the transaction, the tool looks for the best deals and picks them for the client. Thus, the best rates are guaranteed. You don’t even need to do anything manually. Everything is done by a special tool.
Additionally, it is always much easier to find information about a platform than about a person. You can check the feedback that the former clients left for the service. Also, there are independent resources such as Trustpilot where you can check reviews provided by users.
An exchange takes security measures in order to prevent scamming and data leaks. This is one more benefit of a reliable cryptocurrency exchange. Also, an exchange usually can provide more options than an individual when it comes to exchanging rare coins or a significant amount of coins.
To sum up, we would like to note that any option is fine as long as you make sure that it is safe.
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