A DEX aggregator that can be used to exchange any amount of ERC20 and supports multiple blockchain.
No limit
Changelly
Another popular crypto swap platform that does not require KYC.
2 BTC/24h
Thorswap
Thorswap is powered by Thorchain.
No limit
Bisq
BitSquare is a P2P marketplace for cryptocurrencies.
No limit
Are you interested in buying altcoins without getting into the hassle of answering questions?
Tired of going through the KYC process over and over again on crypto exchanges?
Are you looking for options to evade the haggling KYC & AML processes?
If you are, you have come to the right place.
I will tell you about a few altcoin exchanges that allow you to trade without going through KYC and AML checks. Not only this, but there are also no withdrawal or deposit limits to stop you from buying/selling bags of altcoins.
Needless to say, this will be the norm once the decentralized exchanges increase their market share, which I think is going to take a while.
Note: Laws on identity verification for crypto exchanges differ by location. Readers must check their local laws before using any exchange, particularly foreign ones without KYC. Users are solely responsible for complying with all applicable regulations when trading cryptocurrencies. This page provides general information only, not legal or financial advice.
Tip: It is better to create a new email account using something like Protonmail, which does not track your activities and use no logs VPN to access these no KYC exchanges more privately.
Until then, we can use these services—some of which are centralized and some of which are decentralized—to avoid KYC and AML checks and protect your privacy.
12 No KYC Exchanges for Crypto
1. Phemex (Anonymous trading)
Phemex is a well-known exchange headquartered in Singapore, as stated on their website. After KuCoin and Bybit made KYC compulsory, traders who prefer a no-KYC exchange are flocking to Phemex.
On Phemex, you have the option to complete KYC only if you wish to withdraw funds in USD. If you are only trading cryptocurrencies, you can continue with a non-KYC account, and your daily withdrawal limit is capped at 50,000 USDT or a similar value of cryptocurrencies.
Features of Phemex
Competitive trading fees and discounts for high volume traders
Wide variety of cryptocurrencies available for trading
Advanced trading features like leverage and derivatives
High liquidity for popular trading pairs
Excellent security infrastructure
Responsive customer support
Working mobile app for trading crypto
Read a detailed review of Phemex here, and sign using the below link to claim a joining bonus.
Create Phemex account (Claim Joining Bonus)
2. MEXC (High-limit No-KYC exchange)
MEXC has been around for many years, and they have gained a significant user base because of new features and relaxed KYC rules. As a non-KYC user, you can withdraw crypto worth 30 BTC daily, and you can increase the limit to 80 BTC and more by completing the primary KYC.
MEX offers various trading systems for investors and traders. Read MEXC review to learn more about this exchange.
Some of the reasons why MEXC is popular:
Low trading fees
The higher withdrawal limit for Non-KYC MEXC account
Spot, Derivative trading
Offers an exchange token to lower the trading fees.
A modern mobile app to trade from smartphones.
Up to 200X Leverage
Create MEXC account (Save 10% on Trading Fee forever)
3. BingX – No-KYC Withdrawal up to 50000 USDT/Day
Launched in 2018, BingX is a popular No-KYC crypto exchange that allows daily withdrawals of up to 50,000 USD without KYC.
Here are some of the top features of BingX:
Spot trading and derivative trading
Joining Bonus up to 5125 USDT
Branch offices in Canada, The EU, Australia
100% proof of reserves
P2P Market
Grid bot Trading
You need to complete the KYC for a limit higher than 50,000 USD daily withdrawals. Read BingX KYC rules.
Create account in 3 minutes
4. LBANK – Trade Crypto without KYC
LBANK is another non KYC high withdrawal limit crypto exchange with friendly user interface. They offer all the features you can expect from a top exchange such as spot trading, futures trading, grid bot and earn program.
Platform is also quite fast in adding new cryptocurrencies and this is what makes LBANK popular among traders and investors. Though, I would suggest always prefer limit order on LBANK, as often you might not find deep liquidity.
None the less, for anyone looking to trade crypto without KYC, LBANK is a great alternative choice.
What’s the daily withdrawal limit of LBANK?
You can withdraw up to 280000 USDT or equivalent value of crypto every 24 hour without having a KYC account.
Create a free account on LBANK
5. GMX Exchange – Non KYC Perpetual DEX
When FTX imploded in 2022, many traders understood the importance of self-custody and migrated to decentralized exchanges. GMX exchange is one such non-KYC exchange that allows you to trade without needing any permission.
To start trading on the GMX exchange, you must be well-versed with self-custodial crypto wallets such as Metamask or Trust Wallet. If you have never used these wallets before, it is advisable to learn about them or continue using other listed centralized no-KYC exchanges.
Here are the features of GMX exchange :
Available on Arbitrum and Avalanche
Decentralized Perpetual Exchange
Supports many popular tokens such as ETH, BTC (WBTC), LINK, UNI, USDT, DAI, And a few more
Also, check out GMX referral code to save money on GMX forever.
Start Trading on GMX
6. Toobit
As a lot of top-tier exchanges like KuCoin, Bybit, and others have made KYC (Know your customer) compulsory, new centralized exchanges are sprouting that are not so strict with KYC rules. If you are looking for a crypto trading platform without KYC, Toobit could be something you can use.
They also let you buy crypto without KYC on the platform, but depending upon your payment method, the payment provider may ask for verification.
Features of Toobit exchange for Non KYC users
Daily withdrawal up to 5 BTC
Trade crypto without KYC
For Buying crypto with fiat, basic verification is required.
Functional mobile app
Toobit’s leadership team is made up of Bybit, Huobi, and Xioami. If you are looking for crypto exchange without KYC, Toobit exchange is a good option.
Join Toobit
7. ApeX Pro – No KYC DEX
Apex Pro stands out as an innovative derivatives exchange that puts traders fully in control of their funds and data. Let’s explore how.
Key Features
No KYC Needed: Apex Pro does not require any invasive KYC checks or identification documents to start trading. Users can simply connect their wallet and begin trading anonymously in a permissionless manner.
Non-Custodial: As a true DEX, Apex Pro never takes custody of trader funds. You remain in control of your assets in your own wallet at all times when trading on Apex Pro.
No VPN Required: Since Apex Pro is fully decentralized, traders from most jurisdictions can use it without the need for a VPN. There are no IP restrictions to access this platform.
Powerful Trading Features: Apex Pro offers advanced trading capabilities like up to 30x leverage, cross-margining between assets and instant trade settlement.
Multi-Chain Support: Apex Pro will integrate with top layer 1 and layer 2 chains to make trading seamless across different blockchain networks.
Social Trading: Traders can execute strategies from top performers on the platform using Apex Pro’s planned social trading features.
Summary
Apex Pro brings a refreshing approach to decentralized derivatives trading by eliminating invasive KYC checks, third-party custody of funds while also providing a feature-rich trading experience. For traders who value privacy, anonymity, and retaining control of their assets, Apex Pro is shaping up to be a premier platform for trading perpetual crypto contracts. The exchange enables you to trade freely without cumbersome identity checks or regional restrictions.
Get Started With ApeX Pro
8. 1InchExchange
1Inchexchange is perhaps one of the best non-KYC exchanges for ERC20 tokens. It is a DEX aggregator that helps you get the best rates from decentralized exchanges like Uniswap, Sushi, and others. If you want to do trading without worrying about KYC, this is the best website for you.
You can connect to 1inchexchange using metamask or any wallet-connected supported crypto wallet.
Use 1Inchexchange Now
9. Changelly
Changelly is a centralized instant crypto-swapping service that does not push you to complete the KYC or AML to use its services.
As of February 2024: Changelly may require certain users to complete the KYC, which could take up to 24 hours. So it is not a complete Non-KYC exchange, you need to keep that in mind while you are using Changelly.
You need to do no ID verification registration to use their services. For enhanced security, you can even use this service with a VPN.
Use Changelly Now
11. Thorswap
Thorswap is powered by Thorchain, the world’s first Multi-chain DEX that provides an interface to perform cross-chain swaps. What that means for you is that you will be able to exchange Bitcoin for Ethereum permissionlessly and without KYC. Thorchain supports many more chains, making it one of a kind. It has started gaining popularity in 2022-23, and anyone looking for a no-KYC crypto exchange should explore Thorswap.
Check out Thorswap
12. Bisq (aka BitSquare)
BitSquare is a peer-to-peer marketplace for cryptocurrencies like BTC, ETH etc. It is a fully decentralized exchange that requires no name, email ID, or verification, so there is no question of KYC or AML.
Also, your privacy is secured because it uses Tor and doesn’t hold fiat or bitcoins on its servers or in its account. Currently, it supports 126 cryptocurrencies (including BTC) and is available on Windows, Mac, and Linux platforms. However, the trade volumes are currently low.
As per the official data provider, about 50 BTC per day is being traded on this no KYC Bitcoin P2P exchange. Data was taken on 1st Feb 2024.
Here is an introductory video on Bitsquare:
Sign up at BitSquare
12. Bybit
Note: Bybit made KYC compulsory in June 2023.
Bybit is a popular no KYC spot and derivative exchange. You can trade BTC, ETH, XRP, EOS, SUSHI, AAVE and USDT coin. Check out my review of Bybit to learn more about how this no KYC exchange works.
Here are the top features of Bybit exchange –
Spot trading
Margin trading
Earn ( Earn yield on your ideal crypto)
Perpetual trading
Meta trader 4 on Bybit
Crypto loans
Bybit also runs many trading competitions, providing a great opportunity for you to make money with your trading skills.
In recent times, Bybit has added many new tokens, and you can open an account without KYC, with a daily withdrawal limit of 20K USDT and a monthly withdrawal limit of 100K USDT.
Join Bybit (Get upto $600 Joining Promotion)
Conclusion: No KYC Exchanges for Crypto
I think not requiring AML and KYC will become more mainstream this year because a lot of decentralized exchanges are in the pipeline, which might put the centralized exchanges under pressure to get rid of the KYC requirements.
Can you buy Crypto without KYC?
The best way to buy Crypto without KYC is using a permission-less swap. However, if you are first time looking to get into crypto without doing KYC, the best solution is via P2P exchanges.
How to buy USDT without KYC?
In 2024, most of the non-KYC crypto exchange requires you to verify your account in order to buy cryptocurrencies. The best way to get USDT without KYC is through cash-to-peer exchanges. If transacting in cash and crypto is not illegal in your country, you should find another peer who is willing to sell his USDT or cryptos in the form of cash. Further, you can use Rango.exchange to convert those cryptos into USDT. Here are the P2P trading sites from where you can find peers who are willing to sell your USDT or cryptos in cash.
Which is the best Crypto trading app with no KYC?
If you are not looking for a higher withdrawal limit, then you can use Phemex exchange without needing KYC. They have a daily limit of 50000 USDT for non-verified accounts, respectively, which is good enough for small value traders.
Should I use DEX over centralized exchanges for trading without KYC?
New DEXs on layer two scaling solutions like GMX, dydx, and others can be used for day trading. However, the fees are not as low as centralized exchanges. This situation worsens when trading on a DEX like Uniswap on Ethereum blockchain, as the ETH Gas fees make it impossible to trade on DEX.
In such cases, you should use a centralized non-KYC exchange. However, if you must not touch a centralized exchange and looking to only invest for the long term, using a decentralized exchange is ok, as they don’t require any kind of KYC. Just to improve your privacy, make sure you use a VPN when interacting with these exchanges.
What are the Changelly KYC limits?
The daily limit is 20,000 USD, and the monthly limit is 50,000 USD. Please note that the daily and monthly limits include all fees.
Does Metamask need KYC?
No, Metamask does not need KYC.
Which are no KYC Bitcoin exchanges?
You can use Phemex exchange or MEXC to buy a small amount of Bitcoin without KYC. However the bank processor might ask you for your IDs fo adding funds to these exchanges.
Can I withdraw from KuCoin without KYC?
KuCoin made KYC compulsory, and yes, you can withdraw funds from KuCoin without KYC.
Why do crypto traders prefer Non-KYC exchanges?
There are multiple reasons for using an exchange without KYC. Some of them are:
Many users don’t trust 3rd party exchanges without their private data. A lot of users live in suppressed economies and Geo, and such exchanges help them avoid reporting it to authorities. Many users hide proceeds from creditors, employees, or spouses.
Also, having AML and KYC goes against the basic tenets of decentralized currencies, which is why we are witnessing the unprecedented development of decentralized infrastructure, which puts privacy at the forefront. Also, there are newer crypto exchanges which have reluctant KYC norms, but as they become bigger, to avoid fraudulent activities or money laundering, many of them make KYC compulsory.
Here at CoinSutra, we do try to bring the updated list of non-KYC exchanges, and we update the info as the rules and regulations change. Do note that, none of these exchanges are for mixing or money-laundering activities, and we do not promote the same. If you are indulging in any of such activities, depending upon your jurisdiction, there could be legal consequences.
Well, that is all from my side.
Now it is time to hear from you: If you know more about altcoin and cryptocurrency services that don’t require AML & KYC, share it with us in the comment section below.
Some hand-picked articles for further reading on CoinSutra:
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What Is Atomic Swap and Why It Matters? [Must Know]
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12 Best No KYC Crypto Exchanges | Trade Without KYC (2024) was published on CoinSutra - Bitcoin Community
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