Over the past few months, the crypto community went through several significant security breaches. One of the most widely reported was the hack of the Kraken centralized exchange (CEX). In June 2024, a zero-day vulnerability allowed attackers to exploit a flaw in Kraken’s website, resulting in the theft of $3 million in crypto assets. 

This incident is part of a larger trend of vulnerabilities plaguing centralized exchanges. According to Immunefi, losses from hacks and security breaches in the crypto sector have skyrocketed in 2024, with more than $656 million stolen in the first half of the year. Specifically, in the second quarter of 2024, two projects account for 62.8% of the losses alone: DMM Bitcoin and BTCTURK, both CEXs. There’s a significant increase from previous years which highlights the growing abilities of cyber criminals and the need for more secure trading and exchange solutions.

More and more users are looking for non-custodial solutions to protect their assets. As a non-custodial exchange, StealthEX operates on a fundamentally different model than centralized platforms like Kraken. Here’s a closer look at how StealthEX is setting the standard for secure and private crypto swapping in 2024.

TL;DR

StealthEX is an instant cryptocurrency exchange that focuses on privacy and works directly between wallets. Renowned for its non-custodial approach, registration-free exchanges, and unlimited and effortless cross-chain swaps, StealthEX allows users to exchange digital assets across different blockchains securely, anonymously, and without the need for complex bridging mechanisms.

HighlightsNon-custodial service with no registration requiredClean security recordNo verification for crypto-to-crypto exchangesFiat-to-crypto transactions are KYC-free, except for crypto purchases exceeding $700Supports over 1,500 cryptocurrencies and 900,000 exchange pairsIntegrated with several on-ramp providersIntuitive UI and accessible UXHigh customer support satisfactionProvides affiliate tools

RisksTransaction speed may be affected by external blockchain network performance during periods of high congestion

1. Is StealthEX Safe?

StealthEX key focus

StealthEX is a leading non-custodial crypto exchange that prioritizes user control and security. By removing registration requirements and avoiding custodial holdings, StealthEX significantly reduces the risk of third-party intrusion while allowing users to maintain full control over their assets.

1. User Privacy and KYC: StealthEX handles regulatory compliance while respecting user freedom. Unlike CEXs, it doesn’t require KYC processes for crypto-to-crypto transactions. Users can swap cryptocurrencies without revealing personal information.
2. Fiat-to-Crypto Swaps: StealthEX simplifies fiat-to-crypto purchases through third-party partners. Users can buy crypto without KYC for amounts under $700 (or equivalent in other currencies).
3. Security: StealthEX’s custody-free approach ensures that user funds are never stored on the platform. Transactions happen directly between wallets, minimizing security breaches. As a result, StealthEX boasts a clean record with no reported incidents of asset theft or hacking.

Remember that KYC and AML procedures may still apply if a user’s wallet is blacklisted by liquidity providers (LPs) or if suspicious activities are detected by StealthEX’s risk prevention system.

2. Industry Recognition

StealthEX boasts a TrustPilot rating of 4.6 out of 5 stars. It also benefits from extensive press coverage in top publications like Benzinga, Coincodex, and NewsBTC. 

StealthEX’s media partnerships, including the ones with Crypto Daily and Coinpedia, further add to its reputation. 

Plus, StealthEX CEO Maria Carola is a regular contributor to Bitcoin Magazine, The Daily Hodl, and CoinChapter, and is often asked for her expert insights on current market trends by major outlets like Cointelegraph.

3. StealthEX Services

StealthEX’s web app makes it simple for users to swap 1500+ cryptocurrencies in a private manner. The platform’s user-friendly interface is designed to meet the needs of both experienced traders and those new to crypto. It allows everyone to swap their assets with confidence, regardless of their level of expertise. 

Plus, Android users can swap on the go with a dedicated mobile app, while an iOS app is underway to make the StealthEX platform accessible to more users.

Currently, StealthEX offers over 900,000 exchange pairs, including popular combinations such as SOL to ETH, BTC to ETH, ETH to BNB, and BTC to XMR. You can swap as many coins as you want with its limitless cross-chain swapping capabilities.

StealthEX also simplifies the process of purchasing digital assets by enabling direct transactions with fiat currencies such as the Pound Sterling (GBP), US Dollar (USD), Euro (EUR), and 30+ others. You can pay with Visa, Mastercard, Google Pay, or Apple Pay.

4. StealthEX Rates and Fees

StealthEX exchange rate options

StealthEX integrates with multiple LPs, guaranteeing competitive prices and rates. Users can choose between floating and fixed exchange rates based on their risk profile:

• Floating Exchange Rate: Adjusts in real-time according to crypto price dynamics.
• Fixed Exchange Rate: Provides stability in volatile markets, protecting against sudden fluctuations.

No matter the selected rate type, StealthEX calculates the fee and provides a transparent estimate to their customers before starting a transaction so that they can make an informed decision to exchange their crypto assets.

Users can expect the StealthEX fee between 0.4% and 1% for each executed swap. The fees vary depending on the currencies you choose and the amount you want to swap. StealthEX never adds any extra or hidden fees on top.

5. Mobile App

The StealthEX mobile app makes it easier for Android users to access and use the non-custodial platform, even when they’re on the move.

The app has a simple, easy-to-use interface that mirrors the web version, making it a great tool for newcomers and experienced users. 

StealthEX Android app

The app also benefits from the core features of the StealthEX platform, including 1500+ cryptocurrencies, registration-free exchanges, and unlimited swaps with support for both floating and fixed rates. Moreover, it enables users to seamlessly connect with their wallets via a WalletConnect feature and has a built-in support chat for reporting any exchange-related issues.

StealthEX Android app

The app has the same rigorous security measures while ensuring user privacy and anonymity. Additionally, integration with payment processors makes buying cryptocurrency in-app with fiat more convenient.

6. Customer Support and Reviews

StealthEX support page

StealthEX provides a comprehensive support hub where users can access a consolidated repository of helpful articles. This resource includes step-by-step guides that cover a range of potential issues that might come up during the exchange process. If you need more personalized assistance, you can submit a detailed ticket to the support team.

User feedback on StealthEX

The effectiveness of StealthEX support is reflected in the consistent positive feedback from users. Customers acknowledge the prompt and professional customer service that operates 24/7, the human touch in responses, and the exceptional response times. StealthEX’s commitment to transparency in issue resolution, alongside its avoidance of cumbersome KYC procedures, further enhances user satisfaction. 

7. Tools for Affiliates

StealthEX extends its affiliate program to anyone, whether they’re a content creator, web developer, or crypto enthusiast, who wants to leverage their online presence for financial gain. 

The program includes several user-friendly tools: 

• a public API to seamlessly integrate StealthEX’s exchange services into web applications, 
• referral links to generate passive income from transactions by referred users,
• an exchange widget that allows affiliates to embed a full crypto exchange experience directly into their websites, 
• buttons for streamlined transactions that turn referrals into profit,
• and customizable banners to visually promote and earn crypto from visitor exchanges.

8. Reviewing StealthEX Alternatives

There are several advantages and trade-offs when comparing StealthEX to similar platforms like Changelly and ChangeNOW. 

Both StealthEX and Changelly claim that they offer crypto exchanges without the need for identity verification. However, while StealthEX operates in accordance with its privacy-centric model, Changelly is often noted for imposing a selective KYC process. One user shared on TrustPilot: “I have used Changelly for many years, but now their KYC checks are active, it makes the platform completely unusable. You provide all the identity checks required, but they then expect you to try and identify the source of the funds. This is potentially fine if you’re new to crypto, but not if you’ve been invested for years.”

Moreover, some report long wait times for resolution when selected for identity verification, with another user stating “I have been disputing with the support for over 1 month.” Not to mention that there are customers who find their accounts locked even despite providing all the required KYC documentation. 

Comparing StealthEX to ChangeNOW also reveals differences. While ChangeNOW supports over 1,000 assets and 50,000 currency pairs, StealthEX offers a selection of 1,500 assets and 900,000 pairs, giving users more variety and flexibility. In addition, ChangeNOW’s customer support seems to be inferior to that of StealthEX, as evidenced by reviews from users who experienced poor assistance with their exchanges: “It turned out to be a three-day adventure for a relatively small amount from Hashpack to reach Solflare. What’s worse is that no one gave me any meaningful information on where you got to, instead I got evasive answers.”

9. How to Exchange Crypto on StealthEX

StealthEX exchange process

1. Select the cryptocurrencies you wish to exchange and specify the amount, with the option to choose fixed-rate swaps for precise transactions. 
2. After clicking “Start Exchange,” continue by entering the wallet address where you want to receive the exchanged cryptocurrency. It’s crucial to ensure the accuracy of the address and any required extra ID (e.g. Memo, Tag) before clicking “Next”. 
3. Transfer the deposit to the provided address, in the exact amount displayed. Once StealthEX receives the deposit, it immediately processes the exchange. 
4. Then, StealthEX completes the transaction by sending the exchanged coins directly to your wallet.

10. How to Buy Crypto on StealthEX

StealthEX crypto purchase process

1. Begin by navigating to the “Buy Crypto” section on the StealthEX website. 
2. From there, select your desired fiat currency and the cryptocurrency you wish to acquire.
3. Enter the amount of fiat currency you want to exchange and view the estimated amount of cryptocurrency you will receive. 
4. Once you’re ready, initiate the exchange by clicking on “Start Exchange.
5. Next, you’ll need to choose a preferred payment provider and enter your crypto wallet address. 
6. Review all the transaction details carefully and proceed to the Confirmation page. 
7. Click “Next” to move forward to the Exchange page where you’ll be prompted to accept the Terms of Service and continue with the selected payment provider.
8. If required by the payment provider, complete any necessary identity verification steps.
9. Once the purchase is confirmed and processed, the cryptocurrency will be transferred to your wallet. 
10. You’ll receive an email containing transaction details such as the debited fiat amount and the cryptocurrency received.

Final Words – What’s Next for StealthEX?

In a volatile market environment riddled with security breaches on centralized exchanges, StealthEX as a non-custodial platform offers a great solution to this pain point. By prioritizing user control and security through direct wallet-to-wallet transactions, StealthEX ensures that assets remain safe from the vulnerabilities that plague some exchanges.

With a commitment to transparency, extensive asset support, and intuitive usability, StealthEX not only meets but sets new standards for secure and private crypto swapping in 2024. Future plans for the platform include fine-tuning partner tools, introducing more liquidity providers, and expanding the list of available fiat and crypto assets.

Playing in an online casino or handling accounts with a brokerage company may sometimes be challenging because of the many existing terms and conditions. Another term you are likely to often hear is ‘minimum deposit.’ It is essential to learn what it implies, why it is significant, and how one can participate in the search for sites having low minimum deposits. Now let me to guide you with the basic things you should know about minimum deposit.

What Does a Minimum Deposit Mean?

A minimum deposit is the sum a client needs to deposit to utilize an account and various services. This requirement is in most financial services regardless of the type or level, for instance, online casino services, brokerage accounts, or even bank accounts. The minimum amounts are quite different depending on the platform and the type of account that is being created.

Looking at the offer of online casinos that don’t require high deposits, a minimum deposit is the minimum amount of money that has to be put into the account to start wagering on games for cash. For the brokerage accounts, it is the smallest quantity that the client can invest in stocks, bonds or any other securities.

Why Are Minimum Deposits Used?

Minimum deposits serve several purposes, some of which we have listed below:

Operational Costs: They assist service providers in sourcing for the expenses of running their services and at the same time make sure that the users are willing to make use of the services being offered by the service providers.

Risk Management: From the perspective of financial institutions, minimum deposits can be regarded as a risk control tool, as they require the client to put something on the line.

Service Quality: In this way, platforms can require a minimum deposit to continue, barring certain customers who are not very active in trading and only use the platform to leave their money.

Looking for Platforms That Do Not Have High Deposit Amounts

Therefore, many users can aim to identify websites that do not demand high amounts of deposits since some are learners in the investment or online gaming industry. However, there are numerous choices that low-cost users can avail themselves of without fail, and these are both reliable and secure choices.

Online Casinos: Most online casinos are well aware that a player would be reluctant to make a big deposit at first sight. Therefore, they have comparatively low minimum deposit requirements for all accounts. Earlier, a fee starting point of $1 or $5 held no bars, thus making it appealing to all sorts of people. Most of these casinos are accompanied by promotions and bonuses that give players more value for their deposited money.

Advantages of Minimum Deposits

Opting for platforms with low minimum deposits comes with several benefits:

Accessibility: Fewer strict financial requirements mean more people will engage in online casinos or investing.

Reduced Risk: In this case, you have less money at stake at the start, which is good if you are new to trading, and just starting out as you need a lot of practice before you can get it right.

Flexibility: A minimum deposit policy allows more flexibility in managing a player’s funds. There is also the option of adding more money once one is comfortable with the platform and one’s trading abilities.

Trial Period: It allows users to experiment with the system without spending a lot of cash.

Things to Consider

While low minimum deposits are appealing, there are a few factors to consider before jumping in:

Fees: It is also important to ensure the relatively low deposit is not recovered through high fees and/ or other hidden charges.

Reputation: Select genuine platforms that are acknowledged for their credibility, security, and regulatory approval. It is therefore important to read reviews and do some research so that you do not make a bad decision.

Terms and Conditions: Siegfried always says, ‘Do read the small letters’. It is also important to note that some may have conditions for low deposit offers that include wagering in casinos or maintenance fees for brokerage firm accounts.

Customer Support: I brought this to light to emphasize the need for good customer support. Ensure the platform provides support to deal with any problems or questions you may have.

Final Notes

It is important to comprehend the element of a minimum deposit and how it influences your decision to select a specific platform. Whether you are interested in online casino affiliation or in cautious investing in the stock exchange, learning where one can find websites that do not entail high stakes is valuable in avoiding higher risks to your money. 

However, always read and select trusted sites to avoid unwanted and enhanced entertainment. Thus, having this information, you are ready to begin your journey in the sphere of online casinos or in investment with confidence.

When you think of crypto, you most likely mainly regard it as an asset you can invest in. While that is indeed an option you can go for, there is so much more to crypto than just monitoring its prices, buying it when it’s low, and selling when it’s high. The practical applications of this digital currency are actually bountiful, so, make sure to keep reading to learn about some of our top ways to use crypto.

Crypto Casinos

One interesting option that not enough people consider is using crypto for entertainment purposes. Some may struggle with the thought of mixing business with pleasure, but we reckon this can get you to enjoy the best of both worlds. While there are multiple options you could go for in this case, one sector that springs to mind is none other than crypto casino games.

For those who haven’t heard of this gaming subsection, even for regular online casino players, we can’t blame anyone. It can be hard to keep up with every advancement implemented by this tech-forward industry. At this stage, this is one of the most recent industry innovations following a long line of additions such as mobile gaming and live dealer games.

Often known as a crypto casino, such platforms allow users to make their deposits using various cryptocurrencies, such as Bitcoin. Once a payment goes through, regardless of the chosen currency, the moment it hits the account, it will be automatically converted to the traditional currency used by the platform.

And using crypto as a payment method won’t limit players when it comes to gaming choices. From classic blackjack to pokies and slots with lots of themes and ideas, many modern games can be played on any compatible device.

Moreover, players should check any ongoing promotions on the platform, as they’ll sometimes get something extra for using crypto. All of this, and it’s a relatively faster and cheaper option than regular methods.

When it comes to how one can actually pay with crypto, the first thing they’ll need to do is ensure they have the right currency and amount in their hot wallet. Once that is sorted, players need to click the deposit option on the casino site and copy the address. The final step is to paste the address into the digital wallet and press send.

Potentially Trying to Earn Interest

Financial freedom is a wish many of us people have, especially on those days when work is stressing us out. There aren’t many things that sound better than making one’s money work for them, rather than the other way round. When it comes to crypto, this is where staking comes in to help reach this goal.

Staking basically allows users to try to earn rewards over time in the form of additional crypto, akin to earning interest on savings. The percentage of return depends on the currency chosen, and it can vary drastically. However, it’s important to note that this is only possible with currencies that operate on a Proof of Stake system.

This can be done on any platform that allows users to purchase, store, and stake crypto. The type of site can range from an exchange like Binance, a wallet such as Coinbase Wallet, to even a bank, for instance, Revolut. Once the currency is staked, there’s nothing else left to do on the user’s end apart from monitoring crypto holdings.

Ordering Food

This may be the most surprising way you can use crypto on this list as you might have expected us to mention how you can buy tech gadgets with crypto. However, that is something most would have found obvious as tech and crypto go hand-in-hand.

Ordering your favorite Domino’s pizza using Bitcoin, on the other hand, will most likely leave you more perplexed. Currently, there are multiple restaurant chains that readily accept crypto. This is either done by offering the payment option directly on their site or by doing so through a third-party provider like BitPay, where you can purchase a gift card for the site.

And what will shock you further, is the fact that you are able to do this not just online, but also in specific physical locations. One popular example is a branch of Burger King located in Paris, which has installed Instpower power bank rental machines to help clients pay with crypto. Of course, the places where this option is available are still quite limited, but we can expect this to change in time.

Conclusion

The world, even the digital one, is your oyster, so don’t let a lack of knowledge preclude you from using crypto to its fullest. From playing online casino games to getting a well-deserved foodie treat – there’s no shortage of practical crypto applications that go beyond simply investing.

The basic economic principles of demand and supply also apply to cryptocurrency. With Bitcoin, though, there is a catch: it has a fixed supply. This supply is currently capped at 21 million Bitcoins, of which 19 million have already been mined. With a fixed supply, demand for bitcoins is the reason for the fluctuations in their value. However, there is another factor that adds to periodic fluctuations in value. This is known as Bitcoin halving.

What Is Bitcoin Halving and Why Does It Take Place?

Bitcoin halving is the process through which the Bitcoin protocol halves the block reward for new coins earned by miners every four years, which is the time period till the next halving. Perhaps the most crucial reason the Bitcoin halving takes place is to safeguard and enhance the scarcity of the currency by reducing the rate of bitcoins released into circulation. This lowers the amount of new supply, amplifying scarcity. On the other hand, it also promotes the sustainability of the currency because it ultimately leads to upward pressure on prices and promises of higher returns to investors.

The Bitcoin Halving of 2024

On April 19, 2024, the halving event took place, which was the fourth Bitcoin halving event in the lifespan of the currency. This year, the block reward for Bitcoin miners was reduced by half, from 6.25 BTC per mined block to 3.125 BTC per mined block. Historically, the aftermath of halvings has followed the same general trend. Here is what could potentially happen now:

1.    Price Appreciation  

Once supply is reduced, the price of bitcoin typically surges. Scarcity inflates prices due to fixed supply. On the demand side, price appreciation occurs because of increased interest by investors. The rise in the value of Bitcoin following the halving event offers the promise of an increase in investment value if the event’s effects remain the same, attracting investors. The market dynamics of increased media coverage and visibility often intrigue companies, leading to huge sums of investment in the stocks.

2.    Volatility

Remember that the prospect of rewards after a halving event is subject to the market for Bitcoin and its microenvironment. Due to this, it is primarily attractive to speculators who buy Bitcoin in hopes of high returns.

However, being unable to meet these expectations can lead to sudden changes in sentiments and price swings, adding to volatility. Additionally, there are heightened emotions surrounding the event, which are likely to result in severe oscillations in investment, amplifying the prevailing turbulence.

What Now?

You can deduce the outcomes of the 2024 Bitcoin halving event from the past. However, is the past a good indicator of future performance when the macroeconomic conditions are prone to changes? Investors and analysts must remain adaptable, continuously assessing current conditions and considering various scenarios to navigate an ever-changing market.

Endnote

It has been two months since the halving event, which is not nearly enough to analyse its impact. Things may not be the same as before, causing a breakthrough in the market. Conversely, the trend may stay unchanged. While the future comes with its ambiguities, one thing is certain: halving events shall continue, tempting investors with consistency and predictability, as opposed to fiat money, making the market an ever-enticing jewel for speculators and investors.