StealthEX Review: Is It Worth It?

In this StealthEX Review, we will be looking into all of OKX's features and assessing whether or not StealthEX is a good choice.

Disclaimer: We want to emphasize that this is not financial advice. Cryptocurrencies operate in a volatile market, where values can drastically fluctuate in a blink of an eye. It is imperative to conduct thorough research and seek guidance from a qualified financial advisor before investing.

Table Of Contents
    StealthEX Review

    Background and History

    StealthEX is a multinational brand with office locations around the world, the main headquarters is situated in Hermes Corporate Services Ltd., Fifth Floor, Zephyr House, 122 Mary Street, George Town, Grand Cayman KY1 1206.

    StealthEX is a custody-free crypto exchange providing users with the opportunity to convert over 600 cryptocurrency assets, without having to register, and with no extra or hidden fees. You can also buy a vast range of cryptocurrencies using fiat currency.

    All the swaps can be done in just four steps with the 24/7 customer support team always happy to answer any questions.

    Security and Privacy

    StealthEX, positioned as an instant cryptocurrency exchange, aims to offer users a seamless and efficient trading experience through a user-friendly interface. Founded with the intention of simplifying the process of swapping cryptocurrencies, the platform assures its users that transactions are designed to be error-proof, preventing losses or erroneous transfers to incorrect wallets. One of the key features of StealthEX is its commitment to maintaining user privacy, achieved by eliminating the necessity for sign-ups and conducting exchanges in a private manner.

    The fundamental principle that distinguishes StealthEX from traditional exchanges is its instant nature. This means that users can complete their cryptocurrency swaps without the need to store their funds on the platform. Instead, StealthEX facilitates direct wallet-to-wallet transfers, allowing users to retain control of their assets throughout the exchange process. This feature addresses the concern of trusting an exchange with custody of one's funds, resonating with users who prioritize security and control over their digital assets.

    One of the prominent aspects of StealthEX's approach is its stance on Know Your Customer (KYC) procedures. While many exchanges mandate KYC verification for all users, StealthEX adopts a more flexible approach. KYC verification is only required in rare instances, typically when a user's wallet is flagged by liquidity providers. Additionally, for transactions involving the purchase of cryptocurrencies, KYC verification is not mandatory as long as the cumulative amount remains below €900. In cases where this threshold is exceeded, the user must undergo a verification process. This entails submitting a high-quality photograph of their identification document, a verification selfie where they hold their ID alongside a handwritten sign, and documentation that substantiates the origin of the funds.

    StealthEX positions itself as a platform that champions simplicity, speed, and user privacy. Its focus on instant exchanges and the elimination of unnecessary verification requirements could be appealing to individuals seeking a straightforward means of swapping cryptocurrencies without the complexities and delays often associated with traditional exchanges. However, users should be mindful of the trade-offs involved, particularly the reliance on wallet blacklists and the verification procedure for higher transaction amounts. As with any financial service, it's recommended that potential users thoroughly research the platform's terms, practices, and reputation to make informed decisions aligned with their preferences and security considerations.

    Fees

    When it comes to fees, StealthEX adopts a user-centric approach that emphasizes transparency and flexibility. The fee structure of the platform is designed to ensure that users have a clear understanding of the costs associated with their transactions.

    For cryptocurrency listing, StealthEX offers a noteworthy benefit: there are no fees associated with listing a new coin on the platform. This approach could be appealing to projects looking to enhance their exposure by being featured on the exchange. Additionally, for users who don't find a specific cryptocurrency listed on StealthEX and wish to trade it, they have the option to communicate with the platform's team to request its inclusion. The team commits to making their best effort to accommodate such requests, reflecting a user-friendly approach to expanding the range of available cryptocurrencies.

    For every exchange conducted on the platform, users are required to cover network transaction fees. These fees are necessary to facilitate the processing of transactions on the blockchain. Furthermore, there might be trading fees on the side of the liquidity provider, which can vary based on the specific currencies being exchanged and the amount being swapped.

    StealthEX's commitment to transparency is evident in its practice of calculating and incorporating all potential fees into the transaction estimate. Before confirming an exchange, users are presented with an overview of all the associated fees, empowering them to make informed decisions about exchanging their crypto assets. This approach aligns with the platform's emphasis on providing a clear and predictable user experience.

    Importantly, StealthEX doesn't impose a maximum limit on the amount of cryptocurrency that can be exchanged. Users have the freedom to swap as much as they desire. However, it's essential to note that a minimum amount is necessary to ensure the inclusion of the transaction in the blockchain and the successful completion of the swap. Users can find the minimum amount required by entering the number of coins they intend to exchange on the main page of the platform.

    Tutorial

    StealthEX works with multiple major cryptocurrency exchanges. Once you send the order in, the algorithms find the best deal on the market and make a swap for you.

    Let's take a look at how you can use StealthEX.


    Exchanging on StealthEX


    1 - Pick your exchange

    Choose the currencies you would like to swap in the drop-down list and enter the exchange amount. You will see the estimated receiving sum in the field on your right. If you need to receive a precise sum, choose the fixed-rate swaps.

    Click the Start Exchange button to continue.

    2 - Enter the Crypto Wallet Address

    Paste the crypto wallet address you will use to receive the funds. Make sure the information is correct as blockchain transactions are irreversible. Some currencies require an Extra ID to send the transaction, make sure to provide it if needed. Click Next to proceed.

    3 - Send the Deposit

    Send the deposit to the address StealthEX has generated for you. Make sure the sum on the screen matches the one you send. Once the deposit is received, your swap will be processed.

    4 - Receive Your Coins

    StealthEX's algorithm will find the best crypto exchange rate and perform a swap for you. Once this is done, you will receive exchanged funds to the provided address. If something goes wrong or you have questions, contact support via email or use the live chat on the website.


    Buying on StealthEX


    1 - Start buying crypto

    You can also buy cryptocurrency with debit and credit cards on StealthEX. To do it, click on the Buy Crypto option and choose the crypto you would like to receive as well as the currency of your payment. Click START EXCHANGE to continue.

    2 - Enter the crypto wallet address

    Paste the crypto wallet address you will use to receive the funds. Make sure the information is correct as blockchain transactions are irreversible. Some currencies require an Extra ID to send the transaction, make sure to provide it if needed. Click Next to proceed.

    3 - Buy crypto

    The widget of your fiat purchase partner Mercuryo will pop up inside the StealthEX interface. If you get crypto with Mercuryo for the first time, you will need to verify your identity – you won’t need to do it afterward.

    4 - Receive your coins

    After your documents are verified, Mercuryo will process your order and send cryptocurrency to the provided address. If something goes wrong or you have questions, contact the provider through the live chat on the website.

    StealthEX Pros & Cons

    StealthEX: Pros

    • Selection of over 600 cryptocurrencies
    • Very fast exchange speeds
    • Non-custodial platform
    • Floated and fixed exchange rates
    • User-friendly interface
    • Private and secure option
    • Fast and helpful customer support
    • It has an intuitive mobile app

    StealthEX: Cons

    • KYC is required if your transaction exceeds €900
    • Relatively new

    StealthEX Review: Verdict

    StealthEX is a relatively new platform based in the Cayman Islands, it's a non-custodial platform, and therefore a great option for those looking for privacy and anonymity.

    It has a selection of over 600 cryptocurrencies and the number keeps on growing, if you'd like to keep up with new assets being listed on the platform, we suggest you follow them on Twitter.

    The exchange speeds are very fast, and the interface is extremely easy to use, if you ever face any issues, customer support is usually prompt to reply via live chat.

    On the downside, StealthEX doesn't have a mobile app, it hasn't been around for a very long time, and requires KYC for transactions that exceed €900.

    If you would like to start using StealthEX, simply follow the link below!

    • OVERALL SCORE

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