Infinity Exchanger Review
Infinity Exchanger is a KYC-free (Know Your Customer) cryptocurrency exchange available exclusively through the Tor Network. You can exchange without even creating an account if you wish, meaning no details are ever gathered. And since it's via Tor, there's no tracking of your IP address. With this in mind, Infinity looks to be one of the most privacy conscious exchanges out there, but what's the user experience like? Let's take a look.
Infinity Exchanger Links
You will require the Tor Browser in order to access Infinity Exchanger. This is completely free and available for Windows, MacOS, Linux (all distros), iOS and Android.
Key Facts about eXch
|Bitcoin (BTC), Monero (XMR), Litecoin (LTC), Bitcoin Cash (BCH)
|Flat fees, Reserve data, Live rates, Account optional, No KYC, Tor only, Reusable addresses
First things to know about Infinity Exchanger
The site sports a simple but user friendly layout, with everything you need presented right in front of you from the start. You begin by simply enter in the currency you have, the currency you want, the amount you wish to exchange, a withdraw address (where the funds should be sent to) and a refund address (in case of any issues). You can even skip the amount if you like, since the system will automatically adjust to whatever you send. It's useful to check the rate before committing to an exchange though so you can ensure you're happy with it.
There is a flat 4% fee on all conversions, so you know exactly what to expect. Whilst this means Infinity isn't the lowest cost platform, the fact that it is Tor only and requires no user information means it provides a level of security that few exchanges can rival. It also means that during periods of cryptocurrency fluctuation, you don't have to worry about getting less than you might expect, since the fee is always fixed.
It's worth noting that Infinity Exchanger can also function as a cryptocurrency mixer. For example, you could send Bitcoin and receive Bitcoin back, but it would be different and 'cleaned' Bitcoin that would ensure there was no link to the Bitcoin you originally held. This would be subject to the same 4% fee.
Payouts are processed after just 1 confirmation for Bitcoin, Bitcoin Cash and Litecoin, or 2 confirmations for Monero. This should mean that in most cases, providing you've used a sufficient transaction fee, the exchange should be complete within 10 minutes.
The exchange process
We decided to swap some Bitcoin for Monero to test out Infinity. After entering all the necessary information and clicking 'Start Trade', were were presented with the screen below which instructed us where to send our Bitcoin, was well as what the minimum and maximum deposit amounts were.
We opted to send $50 of Bitcoin (which is $10 above the minimum $40 threshold) and waited for 1 confirmation. It's worth noting that Infinity Exchanger has reusable addresses, meaning at any time you can send more cryptocurrency to that address and it will be swapped with the output going to the same withdrawal address you previously provided. Just make sure you still have access to that wallet if you choose to do this.
It took around 6 minutes for the first Bitcoin confirmation (lucky us, since the average blockchain time is 10 minutes), and the Monero landed in our wallet in what must have been under 30 seconds. This makes it one of the fastest transfers we've ever done, and certainly helps reduce that anxiety you often get when use a new crypto service. We received $47.86 worth of Monero, which just marginally over 4%, but the difference was likely due to the Monero transaction fee and of course the Monero (in dollars) is sure to have fluctuated a little during those 6-7 minutes.
Final thoughts on Infinity Exchanger
Overall it was super easy to use and all the security features were very welcome. For the paranoid for whom safety and security is the number 1 priority, the 4% transaction fee is reasonable enough. You are at this time limited to just 4 cryptocurrencies and it would be great to see other major coins such as Ethereum added in the future, but for those wanting an exchange for dark web activities, Bitcoin and Monero are all you really need.