Shapeshift is a cryptocurrency-to-cryptocurrency trading platform – and it’s a pure crypto exchange, so no fiat currencies can be deposited. The cool thing about ShapeShift is the anonymity factor: users don’t need to open an account, deposit funds, or give up any personal data. The site doesn’t even require an email address.
Image source: news.bitcoin.com
Pros: Fast conversions, high security with anonymity
Cons: No fiat currencies supported, transaction fees are elevated