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What most crypto traders look for in an exchange platform are reasonable rates as well as fast and reliable service. Can you get these while at the same time staying completely anonymous?
It looks like Godex.io ticks all those boxes.
Godex.io is an anonymous crypto exchange platform that enables coin swaps at fixed rates. In addition, transactions are processed faster than what you might be used to.
Read our Godex.io review to find out if this crypto exchange has any other tricks up its sleeves.
What Is Godex.io?
Located in the Seychelles, Godex.io is a platform focused on protecting its users’ anonymity. What sets Godex.io apart from its competitors is that users don’t need a registered account to trade on it. This allows them to stay completely anonymous and their financial transactions to remain confidential.
The platform supports exchanges in more than 200 cryptocurrencies. Swaps are made for a minimal fee, and the process is faster than usual. It usually takes just between 5 and 30 minutes!
Another big plus is that you don’t connect your wallet to the platform. All you need is to enter its address, making the Godex.io exchange even more reliable and trustworthy.
One disadvantage, though, is it doesn’t support fiat. All exchanges on Godex are done in crypto. If you want to use fiat, you’ll have to make the initial exchange on another platform and then get back on Godex.
The platform is web-based. However, there are rumors that a mobile app is underway.
What about KYC verification?
KYC standards protect financial institutions against fraud, corruption, money laundering, and terrorist financing. What most crypto exchanges require is proof of identity and proof of residence. So what are Godex.io KYC requirements?
There’s none! Inspired by the original idea of cryptocurrency, the core principle of Godex is that privacy is paramount. That’s why you don’t need an account to use the platform. In the same fashion, Godex will not request any IDs to confirm your identity. By using the platform, you agree to its terms and conditions. Under those, it is implied that you are of legal age and that all digital assets you exchange have been obtained through legal activities.
Furthermore, Godex stores only minimal data on its clients. That is as long as the information is necessary to provide some kind of support to users.
Can US citizens use Godex?
As any other service provider, Godex reserves the right to choose markets and jurisdictions to operate with. This implies that it has the right to refuse to provide services to citizens of certain countries too.
Though the list of prohibited countries is short, the US, with its island territories, is on it. So, US citizens are unable to use the Godex crypto exchange services.
How Does Godex.io Work?
The whole process of Godex crypto exchange is very straightforward as there are no advanced features to use. You can only swap one cryptocurrency for another in just a few simple steps.
Here’s what your transaction will look like:
- Choose which currencies you want to exchange and enter the amount.
When you open the Godex.io website, you immediately notice the Exchange section. It consists of ‘You Send’ and ‘You Get’ fields, with the currency standing next to each box.
Let’s suppose you want to exchange ETH for BTC.
The fields are pretty self-explanatory. Select ETH currency in the ‘You Send’ field and BTC in the ‘You Get’ field. Enter the amount of ETH you want to swap in the ‘You Send’ box, and the system will display how much you’ll get.
- Enter your wallet address.
What Godex asks you to do next is enter the destination address. In our example, that would be the address of your BTC wallet. Double-check the information to make sure everything is correct, and hit the ‘Exchange’ button.
- Wait for the deposit.
During this step, Godex generates the Ethereum deposit address, where you’ll send your ETH coins. After you send the deposit, the exchange begins.
- Wait for the exchange process to complete.
Godex does its magic and processes your order.
- The exchange is completed.
After the Godex exchange has been processed, you see all details on the ‘Completed’ page.
What is so special about Godex?
What enables Godex to stay on top of its competition is its Price Algorithm. This algorithm inspects the prices and coins of other trading platforms, like Bitfinex, HITBtc, Binance, and more. If it finds a better deal than average, Godex imports the coins and offers them on its platform. This is an ongoing process, and it enables users to trade for several platforms without signing up on either.
How to start trading?
To perform exchanges on Godex.io, you will need to have a separate wallet for all cryptocurrencies you intend to exchange. Godex doesn’t store your crypto. Instead, it asks you for the destination address. You’ll not be able to make an ETH-BTC exchange if you don’t have a BTC wallet, for example. So, make sure you have the wallet before making an exchange.
You can obtain wallets by visiting the official websites of the cryptocurrencies you plan on having in your portfolio.
Are there any limits?
When it comes to the transaction amount, there are no upper limits. Users are free to exchange as much crypto as they want, as long as they follow the Terms and Conditions. The minimum, on the other hand, should be at least an amount that covers the Miner Fee.
Another great thing about Godex.io is that you can make as many exchanges as you want. There is no cap on the number of daily transactions.
What are the perks of using Godex.io?
When making an exchange you’ll probably notice a section asking you if you have a Godex.io promo code. What’s that all about?
Godex has been awarding promo codes for each successful transaction since September 2020. The promo code you receive reduces the fee on your next transaction. You don’t have to use the code personally, so you can always give some away.
Keep in mind that you will not receive a new promo code before the previous one has been used. Plus, you’ll not receive a new code for transactions on which a promo code has been applied. And codes expire after three days.
Wondering how high are Godex.io fees?
Godex doesn’t charge any fees for using its services. However, you are required to pay a minimal fee charged by the network. It’s known as a Miner Fee and goes to miners – the systems which process the transactions and secure the respective network. As such, fees change daily and depend on the miners.
The platform has an ‘Exchange Rate’ section, where you can see all rates for the available currencies. Also, whenever you perform an exchange on Godex, the rate you see is fixed for the next 30 minutes. This is done to make sure that exchanges are executed at the exact rate which was displayed and the client settled on.
This is something users should consider when transactions take longer than advertised. Godex is executing your order at a fixed rate even during volatility periods of the cryptocurrency market. In order to make sure that’s the case, Godex may need longer than usual to process your transaction.
Finally, as it operates with fixed rates, the Godex exchange doesn’t utilize an order book nor buy or sell bids. All crypto newbies will probably find this beneficial.
Godex Affiliate Program
With Godex Affiliate, you have the option to grow your crypto assets without any effort on your end. All you need to do is post the referral link and start earning from each click on it. Bear in mind that you need to have a registered account on the platform to sign up for this program.
The registration process is simple and doesn’t require you to share a bunch of personal details. All you need to do is enter your email address and a valid password. You will also see a unique ID, which you can use for further login.
When you sign up for Godex Affiliate, you receive a reward of 0.005 BTC. And each transaction your referrals make brings you up to a 0.60% commission.
It’s up to you to choose which referral mode you’ll use. The available options are:
- Affiliate Links – probably the simplest to use. You just post the affiliate link on any social network, forum, or wherever you see fit.
- Widgets and Buttons – if you have a website, you can choose to incorporate some of the widgets and buttons Godex has developed. You can customize them to match the site’s interface.
- API – if you’re a service provider and want to integrate Godex into your service, you can use their API. Godex provides you with a step-by-step guide on how to do so.
The affiliate program can be used either by individuals or businesses. Support is guaranteed to both types of accounts, should there be any issues.
Godex offers 24/7 support to its clients. You can get in touch with the Godex.io support team either by sending an email directly to their support email address or reaching out through the contact form on the website. The support they provide falls into two categories: General Inquiries and Technical or Account support.
You can stay anonymous even in the communication with the support team. Though there is a designated field for your email address in their contact form, it isn’t mandatory. Keep in mind, though, that by not providing your email address, you might not receive any response.
Something that other competitors have but is missing here is the Live Chat support. This is a feature that all users who need to reach out to Godex will find useful.
The platform is secured against DDoS attacks, and the use of SSL certificate disables data interception. Furthermore, its system utilizes not only security protocols but also robust physical security. And everything is made easier by omitting the use of accounts and data storing.
Based on Godex.io reviews on Trustpilot, the platform seems to provide the service it promises. Numerous users have nothing but words of praise and rate Godex.io as excellent. Apart from the fast and easy-to-use platform, most reviews don’t fail to mention the excellent customer service experience they had.
However, a few users have expressed their dissatisfaction with Godex. Lower ratings are usually given because of transactions taking longer than usual or not even receiving the crypto in a few instances.
There are other platforms very similar to Godex.io out there. Our Godex.io review will help you learn more about one of those.
Godex vs. Shapeshift
While Godex is not available in the US, American traders (except those residing in the State of New York and the State of Washington) can use Shapeshift. This platform is very similar to Godex as users are not required to disclose their identity and are only charged the Miner Fee. Shapeshift also accepts cryptocurrencies only. Even though the selection of coins is more limited (70+), it’s worth looking into if you cannot check Godex out.
If you’re looking for a crypto exchange that allows you to stay anonymous and protects the confidentiality of your exchanges, then Godex.io may be the one. Supporting exchanges of 200+ cryptocurrencies, this platform executes your transactions at fixed rates and only charges the network fees.
However, if you seek more advanced features, you should probably look elsewhere, as with Godex, you can only swap crypto.
Hopefully, this Godex.io review served its purpose, and you’ve made up your mind about this highly-rated crypto exchange.
- No KYC
- Optimal and fixed rates
- No exchange limits
- No mobile app
- Doesn’t accept fiat
- Not available in the US
What is Godex.io?
Godex.io is an anonymous cryptocurrency exchange platform that enables its users to swap coins at fixed rates, without registering an account and with no limitations.
Is Godex decentralized?
Godex.io is a decentralized cryptocurrency exchange. As such, it allows its users direct exchanges on the blockchain.
Is Godex.io safe?
Godex.io uses a combination of security protocols and robust physical security to prevent data interception. Also, it doesn’t store any data on its clients, so they can rest assured that their personal information cannot be used for any fraudulent activity.
Where is Godex.io located?
Godex.io operates from the Seychelles. Read our full Godex.io review to learn more about this crypto exchange.