Does AnonSwap require KYC?

No. AnonSwap is a no-KYC, non-custodial exchange and does not require account registration or identity verification.

Is ChangeNOW better than PayPal for off-ramping?

ChangeNOW offers broader fiat off-ramp options for users, with optional KYC for small transactions. PayPal is designed for merchants and requires full verification.

Which stablecoins are supported on AnonSwap?

AnonSwap supports PYUSD, USDC, USDT and 1500+ other stablecoins across multiple blockchains, including Bitcoin, Ethereum, Solana, and Polygon.

Can I off-ramp to fiat anonymously after swapping on AnonSwap?

Almost. Use ChangeNOW after AnonSwap to withdraw to fiat with minimal KYC, depending on transaction size and country rules.

Crypto Off-Ramps & Anonymous Swaps: Connecting PayPal’s New Service with AnonSwap

Q: Can I use AnonSwap with PayPal’s merchant service?

Yes. You can swap into PYUSD on AnonSwap and deposit it into your PayPal merchant account for fiat settlement.

7/29/2025 • 6 min read • by Kelvin Jones

Bitcoin and Ethereum icons with trending hashtags and search bars

Crypto Off-Ramping & Anonymous Swaps: Connecting PayPal’s New Service with AnonSwap

Introduction

This summer, PayPal introduced a major expansion to its crypto offerings: a new crypto-to-fiat settlement service for U.S. merchants, enabling real-time conversion of over 100 cryptocurrencies into PYUSD or USD with promotional fees of 0.99% per transaction through July 31, 2026—rising to 1.5% thereafter. It’s fast, regulated, and a game-changer for merchant settlements.

But PayPal’s solution is built for merchants, and it requires full identity verification. That’s where AnonSwap fits in: a no-KYC, non-custodial crypto exchange offering more than 1,500 token pairs, flat 0.75% fees, and support for multi-chain assets like PYUSD on both Ethereum and Solana.

Together, PayPal and AnonSwap offer an end-to-end toolkit for users who want flexibility, privacy, and fiat utility—without compromise.

Key Players & Fee Structures

Let’s compare key platforms that handle crypto swaps and off-ramping. We'll highlight where AnonSwap sits and why it pairs best with ChangeNOW’s fiat capabilities.

Provider	Crypto-to-Crypto Fee	Crypto-to-Fiat Fee	KYC Required	Notes
AnonSwap	Flat 0.75%	Not supported	No	Non-custodial, cross-chain swaps with 1,500+ tokens
PayPal	Not supported	0.99% → 1.5% (merchant)	Yes	Merchant-only fiat conversion; no direct token swaps
ChangeNOW	~0.5–1% platform fee	~3.95–11.5% spread fee	Optional	Non-custodial exchanges; fiat off-ramp via card or bank
MoonPay	Not supported	~4.5% (card) / ~1% (bank)	Yes	Custodial; retail-oriented fiat off-ramps
Transak	Not supported	~1–3% + network fees	Yes	Fiat on/off-ramp only
Ramp Network	Not supported	~1–2.5% + minimum fees	Yes	Fast bank withdrawals; no swap options
Wyre	Not supported	~2–3% + $0.30	Yes	Debit and Apple Pay off-ramps; limited operations

Deep Dive: PayPal vs ChangeNOW + AnonSwap

PayPal’s Crypto-to-Fiat Advantage:

Converts supported tokens to PYUSD or USD instantly
Fee: 0.99% (promo) → 1.5% standard
KYC mandatory; wallet integrations include Coinbase, MetaMask, Kraken
Ideal for merchant settlements, not retail swaps or cross-chain routing

ChangeNOW + AnonSwap Combo:

AnonSwap handles anonymous crypto exchanges at 0.75%
ChangeNOW offers fiat off-ramp via bank or card, no KYC on small orders
Combined, they allow non-custodial, no-KYC crypto management with flexible off-ramping

Use Cases: Where It All Comes Together

1. Anonymous Token Preparation for Merchants
Swap ETH, BTC, or any volatile asset into PYUSD using AnonSwap before passing it through PayPal’s merchant system for fiat settlement.

2. Fiat Exit After Private Exchange
Start with AnonSwap to move cross-chain or convert into a stablecoin, then exit through ChangeNOW’s bank withdrawal—keeping your privacy intact on the swap side.

3. Privacy-Focused Token Routing
Exchange PYUSD between Ethereum and Solana on AnonSwap, then move into altcoins without touching custodial services.

Real-World Example

A merchant wants to accept payments in ETH, SOL, and PEPE but doesn’t want exposure to price swings. They:

Use AnonSwap to convert incoming tokens to PYUSD anonymously
Send PYUSD to PayPal wallet
Settle instantly into USD via PayPal’s merchant tools
Result? Full flexibility, lower fees, no surprises—and no centralized custody on the swap layer.

Conclusion

Crypto off-ramping is evolving fast. PayPal’s entry into the space is welcome—but limited to verified merchants. AnonSwap fills the privacy and exchange gap, offering trusted access to fast, low-fee, cross-chain swaps.

Pairing AnonSwap with ChangeNOW’s optional-KYC fiat tools creates a path where anyone can move between coins, chains, and currencies—confidently and discreetly.

FAQs

Q: Can I use AnonSwap with PayPal’s merchant service?
Yes. Swap into PYUSD on AnonSwap, then deposit into your PayPal merchant account for fiat settlement.

Q: Is AnonSwap legal in my country?
AnonSwap is non-custodial and compliant in most jurisdictions. Always check local rules before transacting.

Q: What assets can I swap on AnonSwap?
Over 1,500 cryptocurrencies across Bitcoin, Ethereum, Solana, BNB Chain, Polygon, Avalanche, and others.

Q: Does AnonSwap keep logs or require account creation?
No. It requires no registration, keeps no logs, and operates entirely on-chain.

Q: What’s the best pairing for fiat withdrawals after swapping on AnonSwap?
ChangeNOW offers flexible off-ramps with optional KYC, making it an ideal follow-up for AnonSwap swaps.

Sources

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Published July 29, 2025. Last updated July 29, 2025.