StealthEX Review 2024: A Look at the Non-Custodial Crypto Exchange with Unlimited Swaps

Non-custodial crypto exchange platforms have been gaining attention in recent years because unlike traditional exchanges, where users’ cryptocurrencies are held by the platform, custody-free services empower individuals by ensuring they retain ownership of their private keys. StealthEX is an example of such a platform that successfully implements this model, with users being able to execute trades directly from their crypto wallets, streamlining the process and reducing the risk of theft, loss, and third-party interference, since assets are not stored centrally but remain in users’ hands. In this article, we will take a deeper look into the features and benefits of StealthEX and provide a review for 2024.

Overview

Official Website	https://stealthex.io
Founding Year	2018
Head Quarters	St. Vincent and the Grenadines
Trading Options	Swapping Tokens
Gas fees	A transaction estimate includes all network and trading fees, which depend on the asset and amount traded
Total listed Coins	1400+
Trading Pairs	979K+
Supported fiat currencies	USD, EUR,GBP, GHS, MXN, VND, and BRL
Withdraw options	Irrelevant. StealthEX doesn’t hold users’ funds in custody; transactions happen directly between wallets
Deposit methods	Fiat currency is not supported
Restricted countries	6+
Native Token	No native token
Mobile app	https://play.google.com/store/apps/details?id=com.stealthex
Support Channel	https://stealthex.freshdesk.com/support/home
Coinpedia rating	10/10
Security rating	10/10
User Interface	Straightforward
Ease to set up	Easy for beginners
App store Rating	No official Mobile App
Play store Rating	4.8 out of 5
Security	Secured
Hacking attempts/Hacks	Never been hacked
Registration	No registration required
KYC verification	No KYC is required for crypto-to-crypto swaps. However, KYC is mandatory for fiat-to-crypto transactions exceeding $700.
Regulation & Compliance	Compliant
Liquidity	Highly liquid
Proof Of Reserve	Not required

What is StealthEX?

Established in 2018, StealthEX is becoming a go-to for users looking to exchange cryptocurrencies seamlessly and privately. 

StealthEX is a custody-free crypto exchange that enables users to swap cryptocurrencies without having to give up possession of their assets. This registration-free platform supports over 1,400 crypto assets, fixed or floating exchange rates, charges no additional or hidden fees, allowing users to conduct crypto-to-crypto as well as fiat-to-crypto transactions. StealthEX operates with multiple major cryptocurrency exchanges, searching the market for the best exchange rate. 

Features

Users of StealthEX have access to the following features:

• Extensive Cryptocurrency Selection: StealthEX offers a hefty lineup of 1,400+ digital assets. This selection is growing as the team regularly adds fresh tokens to give users access to the most diverse exchange experience possible.
• Unlimited Cross-Chain Capabilities: One of the most appealing features is StealthEX’s virtually limitless cross-chain exchange options. Users can choose between over 900,000 trading pair combinations, greatly expanding their exchange horizons.

For example, using StealthEX, you can exchange: 

• BTC to USDT
• ETH to BTC
• ETH to USDT
• BTC to ETH
• XRP to USDT
• BTC to XMR
• BTC to LTC
• BNB to USDT
• LTC to BTC
• SOL to USDT

• Custody-Free Protection: As a non-custodial exchange, StealthEX transfers funds directly between wallets, keeping it out of anyone else’s hands and slashing the risk of losing your funds to hackers. This minimizes hacking and third-parties’ interference.
• KYC-Free Exchanges: Using StealthEX, it’s possible to conduct crypto-to-crypto exchanges without KYC. In rare cases, users may be required to verify if their wallet is blacklisted by a liquidity provider or if a transaction is deemed suspicious. However, when purchasing cryptocurrency with fiat over $700, verification via Mercuryo or Simpex is necessary.
• Intuitive UI: StealthEX, with its clear-cut design, streamlines the trading process so even crypto beginners can get started with confidence.
• Floating and Fixed Exchange Rates: Users of StealthEX can choose between floating and fixed exchange rates. Market fluctuations determine a floating exchange rate, but a fixed exchange rate is available to reduce market risks. StealthEX provides users with an all-inclusive transaction estimate at the beginning of the transaction process.
• Unlimited Exchange Opportunities: The platform lets users exchange as many coins as they want.
• Accessibility from Mobile Devices: StealthEX offers both a web-based app and Android app for accessing their service. With an upcoming iOS app, StealthEX promises a smooth experience, no matter their device preference
• Educational Materials : The StealthEX Blog features insightful articles on different crypto projects to help investors make an informed decision.
• Affiliate Tools: StealthEX offers a suite of affiliate tools designed not just to boost your earnings but to connect with a wide audience. Referral links, banners, and its Public API, alongside the Exchange Widget and Button, allow for seamless embedding into any site, app or crypto wallet. There’s also a white-label option which ensures it all fits with your brand, opening doors to enhanced monetization in your own unique way.

How to use StealthEX?

Exchanging cryptocurrency on StealthEX is designed to be a straightforward and user-friendly process. Here’s a step-by-step guide on how to perform a crypto exchange on StealthEX:

1. Pick Your Exchange: Start by selecting the cryptocurrencies you wish to swap from the drop-down list on the StealthEX platform. Enter the amount you want to exchange. The platform will display the estimated amount you will receive in the exchange. If you require a specific amount to be received, opt for the fixed rate swaps. Click the “Start Exchange” button to proceed.
2. Enter the Crypto Wallet Address: Paste the wallet address where you wish to receive the exchanged cryptocurrency. Make sure that the information is accurate because blockchain transactions are irreversible. For some currencies that require an Extra ID (like a Memo or Tag) for the transaction, make sure to provide it if necessary. Click “Next” to move forward.
3. Send the Deposit: Send your deposit to the address provided by StealthEX. Double-check that the amount you send matches the amount displayed on the screen. Once StealthEX receives your deposit, your swap will be processed.
4. Receive Your Coins: StealthEX’s algorithm searches for the best exchange rate and performs the swap. Once the exchange is completed, the funds will be sent to the provided wallet address.

How to buy crypto with fiat on StealthEX?

Using StealthEX, you can purchase cryptocurrency with United States Dollar (USD), Euro (EUR), British Pound Sterling (GBP), Ghanaian Cedi (GHS), Mexican Peso (MXN), Vietnamese Dong (VND), and Brazilian Real (BRL). StealthEX offers its fiat-to-crypto exchange services by partnering with Simplex and Mercuryo. 

The steps involved in buying crypto with a credit or debit card on the platform are as follows:

1. Navigate to StealthEX: Go to the StealthEX website and switch to the “Buy Crypto” section.

2. Select Currency and Crypto: Choose your fiat currency (e.g., USD) from the left drop-down list and the cryptocurrency (e.g., BTC) from the right list of coins.

3. Enter Fiat Amount: Input the amount of fiat money you wish to exchange. The estimated amount of cryptocurrency you will receive is displayed in the right column.

4. Start Exchange: Click the “Start Exchange” button.

5. Choose Payment Option: Select either Mercuryo or Simplex by Nuvei as your payment option and provide the recipient address for the cryptocurrency. Ensure it matches the cryptocurrency you are about to receive.

6. Verify Information: Double-check all entered information. Once confirmed, click the “Next” button to proceed to the Confirmation page, where you can review the exchange details.

7. Proceed to Exchange: After reviewing, click the “Next” button again to be redirected to the Exchange page.

8. Agree to Terms of Service: Read and agree to the Terms of Service of StealthEX. Click the “Proceed with the Exchange” button, which will open the selected payment service (Mercuryo or Simplex) within the StealthEX interface.

9. Verify Identity (if required): If it’s your first time purchasing crypto via your chosen provider (Mercuryo or Simplex), verify your identity by providing necessary details such as phone number, email, confirmation codes received, personal information (first name, last name, date of birth), and card details (number, expiry date, cardholder name). Once you’ve gone through Simplex’s KYC verification, it’s a one-and-done deal, allowing frictionless transactions going forward.

10. Complete Purchase: Your cryptocurrency will be sent to the provided blockchain address after the transaction is verified and processed.

11. Transaction Confirmation: You will receive an email with transaction details, including the fiat amount debited and the crypto amount sent.

Customer Support & Reputation

The StealthEX Support portal is straightforward and simple to navigate, packed with guides that help you resolve the basic issues as well as the trickier problems with ease. You can also send detailed tickets via email or directly on the website if you want the customer support team to tailor its assistance to your specific needs.

StealthEX’s exceptional service and user satisfaction are vividly reflected in its TrustPilot reviews, earning it an “Excellent” rating with a 4.8/5 score. Customers have consistently praised the platform for its swift and reliable support, with one user stating, “Very reliable support, one of my bridge transactions were stuck but it was literally resolved within 15 minutes by the support team via email.” This highlights the efficiency and responsiveness of the support team. 

Another user appreciated the platform’s user-friendly approach, saying, “Nice easy bridge with none of that ridiculous KYC nonsense associated with legacy finance. UI is very good. The support team is very swift,” emphasizing the seamless experience and swift support. 

The platform’s ability to facilitate rapid and cost-effective transactions has also been commended, with a user noting, “Transfer from BNB to ETH in under 1 minute! Insane speed, fees were pretty low too,” showcasing StealthEX’s commitment to providing fast and affordable crypto exchanges. 

Furthermore, the comprehensive support provided to users, even in complex situations, is exemplified by a reviewer’s experience: “What made this experience great was even though I made multiple mistakes and needed help with multiple exchanges at once, they helped me along the entire time and stayed in constant contact with updates!”

These quotes from users capture the essence of StealthEX’s commitment to delivering top-notch service that’s both quick and easy for exchanging crypto.

Conclusion

StealthEX stands out in the realm of cryptocurrency exchanges with an unwavering respect for user privacy to facilitate boundless crypto transactions. With its non-custodial nature, absence of mandatory registration or KYC for crypto-to-crypto transactions, and support for a wide array of cryptocurrencies, StealthEX caters to a diverse range of user needs. 

Navigating StealthEX is a breeze for both the cryptocurrency beginners and veterans, offering an interface where transactions flow smoothly without bumping into unexpected charges. While the platform may not offer advanced trading features, it compensates by prioritizing simplicity, efficiency, and user control over their assets. 

FAQs

How does StealthEX work?

StealthEX allows users to exchange cryptocurrencies in a few easy steps: select the pair of currencies you want to swap, enter your wallet address, and send your deposit to the provided address. The platform then finds the best exchange rate and completes the transaction, transferring the exchanged funds to the user’s wallet.

Is StealthEX safe to use?

Yes, StealthEX is considered safe. As a non-custodial exchange, it doesn’t hold users’ funds, reducing the risk of loss due to hacking or third-party interference. 

Does StealthEX require KYC?

No, StealthEX does not require users to go through a Know Your Customer (KYC) process. The platform emphasizes privacy and anonymity, allowing crypto-to-crypto swaps without providing personal information.

Pros

• Non-Custodial and Anonymous: StealthEX provides a non-custodial exchange service, meaning it does not hold users’ funds. This significantly reduces the risk of loss due to hacking. Additionally, the platform supports KYC-free crypto-to-crypto transactions and fiat-to-crypto transactions for up to $700, which do not require any personal information or account creation.
• Wide Range of Supported Cryptocurrencies: With support for 1400+ cryptocurrencies, StealthEX offers a wide range of options for users to swap, including popular, rare, and emerging tokens.
• No Registration or KYC: One of StealthEX’s standout features is its no-registration policy. Users can exchange cryptocurrencies without undergoing a Know Your Customer (KYC) process, ensuring privacy and a smooth experience.
• User-Friendly Interface: The platform is intuitive, making it accessible for beginners while still offering the functionality that experienced traders appreciate.

Cons

• Lack of Advanced Trading Features: While the platform excels in simplicity and ease of use, it may not satisfy users looking for advanced trading tools and features like charting tools, order types, and leverage that are available on other exchanges.
• Dependent on External Networks: Transaction speeds can vary significantly based on the blockchain network of the currencies being exchanged. During times of high congestion, exchanges may take longer than expected.