You can Base64 encode the email address in your email preference center by using the Base64 Iterable Merge Tag.
Your Preference Center URL will look like this:
https://pref.domain.com?email={{#base64}}{{email}}{{/base64}}
You will paste this URL into the Hosted Preference Center section in Iterable,
If you also want to encode the locale/language field in a Multilingual Preference Center, your URL will look like this:
https://pref.domain.com?email={{#urlEncode}}{{#base64}}{{email}}{{/base64}}{{/urlEncode}}&language={{#urlEncode}}{{locale}}{{/urlEncode}}