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AgoraDesk Review 2024

Our veredict

AgoraDesk is a peer-to-peer cryptocurrency exchange launched in 2019 by the team behind LocalMonero, focusing on anonymous trading of Bitcoin (BTC) and Monero (XMR). It distinguishes itself by not requiring any KYC (Know Your Customer) or AML (Anti-Money Laundering) verification, which appeals to users valuing privacy and anonymity. The platform supports over 60 payment methods, including bank transfers, credit cards, and PayPal, making it highly accessible to a wide range of users. AgoraDesk also features a user-friendly interface and escrow protection to ensure secure transactions. However, the platform has announced it will be winding down operations by November 2024, which raises concerns about its long-term viability and reliability .

AgoraDesk is particularly recommended for users who prioritize anonymity and flexibility in payment methods. The competitive fee structure, with no fees for takers and a 1% fee for makers, adds to its attractiveness. However, the lack of mandatory verification and legal transparency can be seen as significant drawbacks. Additionally, the limited coin support and absence of phone support might be a concern for some users. As AgoraDesk is in the process of winding down, new users should consider these factors and be cautious about engaging with the platform.

Pros

No KYC Required AgoraDesk does not require any Know Your Customer (KYC) or Anti-Money Laundering (AML) verification, making it an excellent choice for users who prioritize privacy and anonymity in their cryptocurrency trading.
Competitive Maker Fees AgoraDesk charges a competitive fee of 1% for makers, making it an attractive option for those looking to maximize their profits from creating advertisements and initiating trades on the platform.
Over 60 Payment Methods The platform supports more than 60 different payment methods, including bank transfers, credit cards, PayPal, and gift cards, providing users with a wide range of options to complete their transactions conveniently.

Cons

No Phone Support Customer support on AgoraDesk is limited to email, Telegram, and Twitter, with no phone support available. This might be inconvenient for users who prefer more immediate and direct forms of communication.
Platform Winding Down AgoraDesk is in the process of winding down its operations and will be closing by November 2024. This imminent closure means users need to find alternative platforms for their long-term trading needs and ensure they withdraw any funds before the platform shuts down.

Threenvest Score

Network

Ethereum

Fees

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Why choose AgoraDesk?

AgoraDesk offers several compelling reasons to choose it for your cryptocurrency trading needs. Firstly, its emphasis on privacy and anonymity stands out, as the platform does not require any KYC or AML verification, making it ideal for users who value their privacy. This feature allows users to trade Bitcoin and Monero without having to submit personal identification documents, providing a level of freedom that is increasingly rare in the crypto exchange space.

Secondly, AgoraDesk supports over 60 payment methods, including bank transfers, credit cards, PayPal, and even gift cards. This wide range of options makes it accessible to users from various backgrounds and financial situations, ensuring that you can choose the payment method that best suits your needs. The platform’s user-friendly interface further enhances its appeal, making it easy for both beginners and experienced traders to navigate and conduct transactions smoothly.

Lastly, the security measures in place at AgoraDesk add another layer of trust. All trades are protected by escrow, meaning that funds are held securely until both parties confirm the completion of the transaction. This system helps to prevent fraud and ensures that both buyers and sellers can trade with confidence. Additionally, AgoraDesk’s competitive fee structure, with no fees for takers and a 1% fee for makers, makes it an economical choice for traders looking to maximize their profits.

Xavier Tarrasó

EIP and Cryptocurrency Investor

As an expert on our site, I recommend AgoraDesk for those who prioritize privacy and ease of use in their cryptocurrency trading. The platform’s lack of KYC/AML requirements makes it a top choice for users who value anonymity. With over 60 payment methods, including bank transfers and PayPal, AgoraDesk offers unmatched flexibility. Additionally, its escrow protection ensures secure transactions, providing peace of mind during trades. Despite its upcoming closure in November 2024, it remains a solid option for peer-to-peer trading of Bitcoin and Monero until then .

How do we review crypto exchanges?

At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.

We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).

For more details on the categories considered when rating brokers and our process, read our full methodology.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.

Neither Threenvest, nor the author, are recommending you to invest with this article.

Alejandro Borja Fuentes

Economist | Cryptocurrency exchange analyst

The author of the review

Alejandro Borja is an accomplished economist with a distinguished career spanning various facets of the financial industry. His academic journey began with a degree in Economics, laying the foundation for his deep understanding of financial markets.

Over the years, Alejandro has honed his skills by working with some of the largest financial media outlets, analyzing and reporting on economic trends and investment opportunities. His expertise in financial analysis has made him a respected voice in the economic community.