Even though the site was officially established in 2017 in Panama City, MorphToken has been among the most trustworthy crypto exchanges since then. It charges users a mere 1% fee to exchange BTC for ETH coins like BTC and ETH.
Like any other popular exchange, MorphToken charges about a 0.25% fee. However, it makes most of the money by selling non-competitive exchange rates that traders will continually turn to.
Fees are still lower than other big market players, such as Changelly, for trades. This makes Morphtoken a worthy competitor if you’re in the market for trading one of the six coins they are compatible with.
Over the recent month, the FBI filed a document regarding the instant cryptocurrency exchange MorphToken, which converts Bitcoin into Monero. The report highlighted the MorphToken API, which law enforcement used to learn more about the players involved in the Apollon marketplace and the masked transactions that took place there.
MorphToken makes an anonymous cryptocurrency exchange that only accepts one currency for input and output and can be accessed by customers from their Cake Wallet.
According to FBI reports, dark-web vendors were found to transfer revenue from illegal drug sales to MorphToken. One of the intriguing aspects of this was the fact that some of those sales were similar to one another.
The FBI contended that dark-market actors weren’t merely turning to Monero to cover their tracks. Instead, they were using it to resell and conceal their activities. Nevertheless, the FBI report stresses the significance of formal KYC processes and lacks these approaches in crypto exchanges and dark-net markets.
Registration is Not Required
MorphToken is arguably one of the most user-friendly anonymous cryptocurrency platforms available on the market. You do not need to create an account to take advantage of the platform’s simple exchange interface. However, there is a slight downside to the MorphToken trading platform. Users of MorphToken are not allowed to purchase or sell bitcoin.
How Many Coins Are Listed on MorphToken?
MorphToken has support for varieties of cryptocurrencies, such as:
- Bitcoin Cash
- Litecoin Cash