For most individuals, KYC has become an unavoidable reality in the crypto scape. You've probably been required to complete the know-your-customer (KYC) process before being permitted to conduct any transactions if you've ever set up an account with one of the major crypto exchanges.
Even though the purpose of KYC is to keep an eye on illegal transactions, none of us like dealing with such issues, compromising personal details.
We have curated a list of the 15 best no-KYC crypto exchanges that will let you carry out your transactions without having to worry about being for your personal information.
KYC: What is It?
KYC stands for "Know Your Customer." It is a process that financial institutions and other regulated companies use to verify the identity of their customers and assess potential risks of illegal intentions, such as money laundering, terrorist financing, or other financial crimes.
The KYC process typically involves collecting identifying information from customers, such as name, address, date of birth, and government-issued identification documents. The information is then verified against various databases to ensure the customer is who they claim to be and to identify any red flags that may indicate fraudulent activity.
KYC is an essential component of anti-money laundering (AML) and counter-terrorism financing (CTF) measures, which are required by law in many countries. It helps financial institutions and other regulated companies to identify and mitigate potential risks, protect their customer's assets, and comply with regulatory requirements.
In the cryptocurrency industry, KYC is also becoming increasingly common, with many exchanges and trading platforms requiring users to complete a KYC process before they can trade or withdraw funds. This is because cryptocurrencies are increasingly being used for illicit activities, and regulators are seeking to prevent money laundering and other financial crimes.
KYC: Why Would Anyone Want to Avoid It?
People may wish to avoid KYC for the following reasons:
Privacy Concerns
- Some individuals may be uncomfortable sharing their personal information
- Concerned about how their data will be used or who will have access to it
Anonymity
- Some individuals may prefer to remain anonymous when conducting financial transactions
- KYC processes can require individuals to disclose their identities, which can compromise their anonymity
Time and Effort
- Completing the KYC process can be time-consuming and require significant effort
- Some individuals may not be willing to invest the time and effort required to complete the process
Security Concerns
- Providing personal information to third-party companies can carry a risk of identity theft or fraud
- Some individuals may be concerned that their personal information could be compromised or stolen during the KYC process
Limited Access
- In some cases, individuals may be unable to complete the KYC process due to factors such as their country of residence or lack of required documents
- This can limit their ability to access financial services or use certain cryptocurrencies.
Now that we’ve understood what KYC is and why there’s a demand for no-KYC crypto exchanges, let's look at some of the best crypto exchanges with no KYC.
10+Best No-KYC Crypto Exchanges
We'll give you a quick overview of the crypto exchanges with no KYC, as well as some of the unique features they can provide as a decentralized exchange (DEX).
- AAX
- BaseFEX
- Binance
- Bitfinex
- Bybit
- CoinSwitch
- dYdX Exchange
- Evonax
- Fixedfloat
- HODL HODL
- Kraken
- KuCoin
- SimpleFX
- TradeOgre
- Paybis
Let’s get started!
1. AAX
AXX is a cryptocurrency trading exchange that offers spot, futures, and over-the-counter markets. The AXX matching engine is based on LSEG Technology, the same as that used by first-tier exchanges like the London Stock Exchange.
You'll be surprised to find that over 2 million investors have put their trust in it and are satisfied with the superb functionality and user-friendly interface it provides. What’s more? It is a crypto exchange that requires no KYC.
They provide over 50 crypto-to-crypto pairings, as well as simple deposits and withdrawals and market tracking. This network offers over 20 cash currencies, as well as peer-to-peer (P2P) transactions with safe encryption and speedy settlements.
Withdrawal Limits
- Without KYC you can withdraw 2 BTC in 24 hours
- With KYC you can withdraw up to 100 BTC in 24 hours
2. BaseFEX
It's a brand-new cryptocurrency exchange that simply asks for your email address to complete the signup procedure, meaning it is a crypto exchange with no KYC. They claim to represent original crypto ideals, making it a trustworthy platform.
You should be aware that they only take Bitcoin as a method of payment (no fiat currency support), and you can only withdraw Bitcoin from the site.
Withdrawal Limits
No limit on withdrawing
3. Binance
Binance is one of the top no-KYC crypto exchanges that accepts all prominent altcoins and allows you to trade anonymously. If your daily withdrawal limit is less than 2 BTC, you do not need to complete KYC. This is not to be confused with Binance.us policies.
Withdrawal Limits
Users with unverified accounts may only withdraw 0.06 BTC per day, whereas those with authenticated accounts can transfer up to 100 BTC per day.
4. Bitfinex
Bitfinex was formerly another best no-KYC crypto exchange in the world. The platform has been operating for a long time and has been involved in a number of problematic incidents, including one of the largest hacks, tether printing, and more.
However, the exchange is still operational and is well regarded for having the sector's deepest liquidity trading volumes.
Withdrawal Limits
You can withdraw 2 BTC without KYC, and 100 BTC with KYC in 24 hours.
5. Bybit
Bybit is a famous spot and derivatives exchange with no KYC. With its volume, computational efficiency, and usability, this exchange has swiftly risen to the top. This platform is ideal for traders that enjoy trading on margin.
BTC, EOS, XRP, and ETH are the four primary perceived swaps offered by Bybit. Furthermore, Bybit boasts one of the most extensive welcome trading reward programs, providing new members with up to $90 to start trading.
Withdrawal Limits
No limit on withdrawing
6. CoinSwitch
CoinSwitch allows you to quickly trade over 300 cryptocurrencies without needing to open an account with any exchange. Furthermore, the portal allows users to purchase Bitcoin using Mastercard and Visa credit cards.
CoinSwitch is popular because it requires no KYC, offers a wide range of cryptocurrencies, is simple to use, and allows for fiat trades.
Withdrawal Limits
No limit on withdrawing
7. dYdX Exchange
In terms of volume exchanged, dYdX is the largest decentralized exchange. dYdX is an Ethereum-based non-custodial order book DEX. It is powered by certified smart contracts that provide accountability, accessibility, and privacy.
Users can trade for free, with smaller minimum deal amounts and cheaper trading fees.
8. Evonax
Evonax is another no-KYC crypto exchange that began in 2016 and allows you to quickly trade different cryptos for one another. Evonax is a network that prioritizes privacy and security and is a worldwide quick-swap running exchange utilized by many individuals.
They also provide trading pairs with continuous customer assistance, as well as pure crypto-to-crypto exchanges that require nothing more than wallet addresses.
Withdrawal Limits
The minimum withdrawal limit depends on the currency, and there is no maximum limit.
9. Fixedfloat
Users can trade cryptocurrency among themselves using Fixedfloat, a non-KYC exchange. Your valuables are not kept in storage by the exchange. As one of the finest crypto exchanges to link your wallet address, it enables trading with no KYC. Transactions can be expedited on the exchange thanks to its quick confirmation rates.
For novice cryptocurrency traders on the market, Fixedfloat offers a thorough introduction to each coin. It assesses a networking fee that is constant across all transactions. You have the option of selecting between a fixed or float rate on the bitcoin trading market.
Withdrawal Limits
No limit on withdrawing
10. HODL HODL
HODL HODL is a non-custodial peer-to-peer Bitcoin exchange platform. This platform lets users trade freely with one another and does not keep user funds, instead of entrusting them to multisig escrow. This decreases trade time and lessens the risk of theft, all of which are excellent qualities.
Users may also connect and trade according to their own terms, such as using cash, actually meeting, and so on. This site does not submit the KYC information and instead allows you to remain anonymous.
Withdrawal Limits
No limit on withdrawing
11. Kraken
Kraken is a cryptocurrency and Bitcoin trading platform established in the United States. The exchange is one of the few in the world that allows US customers to trade futures on leverage up to 50 times. Other services offered by the Kraken exchange include institutional account management, an OTC desk, and more.
Withdrawal Limits
You can withdraw $5,000 USD per hour without KYC and $1,000,000 USD per hour with KYC.
12. KuCoin
KuCoin is one of the best Singapore-based no-KYC crypto exchanges. It supports over 370 coins, making it one of the most diverse crypto exchanges. People can trade crypto with just an email address because the account verification step is optional.
Traders will not be needed to undergo verification with KuCoin unless they notice any disagreeable or suspicious behavior in their account, or if they want to trade more than 2 BTC per day. This exchange has some of the most promising crypto projects, as well as a straightforward trading environment.
Withdrawal Limits
Without KYC you can withdraw up to 5 BTC per 24 hours and with KYC you can withdraw 100 BTC in 24 hours.
13. SimpleFX
SimpleFX is among the best crypto exchanges with no KYC, offering cutting-edge technology, competitive spreads, and clear terms. When it comes to trading traditional markets with Bitcoin, SimpleFX is quite competitive.
You may use their site without revealing any personal information; all you have to do is register with your email address. You will get an email with information on how to change your password.
Withdrawal Limits
No limit on withdrawing
14. TradeOgre
TradeOgre is among the remaining original cryptocurrency exchanges still operating beneath the radar, providing a straightforward trading experience without the need for any personal details. In comparison to other companies in the market, their fees are rather low.
They don't require KYC for trading and specialize in supporting private cryptos like PriveChain, Monero, and Zcash.
Withdrawal Limits
No limit on withdrawing
15. Paybis
Paybis is a no-KYC crypto exchange supporting over 10 cryptocurrencies. It does not hold crypto and is thus a liquidity service. Without completing KYC, you can trade cryptocurrencies like the Binance Coin (BNB) or USD Tether (USDT).
You have access to several exchanges through the exchange. Your level of anonymity on the exchange is increased by the connection to a hardware wallet. Compared to conventional crypto exchanges, it occupies a distinct niche.
Withdrawal Limits
Without KYC you can withdraw up to $20,000 per day.
The Bottom Line: Choosing The Best Crypto Exchanges with No-KYC
These are some of the top cryptocurrency exchanges that don't require KYC and have excellent products and feature offers. And the greatest part is that you can open an account in just a few minutes. However, before completing the registration process, it is usually a good idea to review their terms and policies, particularly their deposit and withdrawal policies.
So, depending on your needs and budget, you may select any exchange and begin trading.
ZenLedger can help you easily calculate your crypto taxes, and also find opportunities for you to save money and trade smarter. Get started for free now or learn more about our tax professional-prepared plans!
Best No KYC Crypto Exchanges FAQs
1. Which crypto exchange has no verification?
CoinSwitch is one of the top cryptocurrency exchanges that require no KYC verification since it allows you to trade crypto at the best rates. They allow you to trade 400+ cryptos, cryptocurrencies, and tokens without having to create an account on any exchange. Additionally, there is no withdrawal limit on CoinSwitch.
2.Can you buy crypto without KYC?
Yes, a number of crypto exchanges do not require any KYC. Some of these exchanges have a limit to the amount of crypto you can withdraw, such as KuCoin, Krake, and others. On the other hand, there are some that have no restrictions on how much you can withdraw, such as CoinSwitch.
3. Can I use Binance without KYC verification?
Binance is one of the top no-KYC crypto exchanges that accepts all prominent altcoins and allows you to trade anonymously. But there’s a catch! Users with unverified accounts may only withdraw 0.06 BTC per day, whereas those with authenticated accounts can transfer up to 100 BTC per day.
4.Does Kraken require KYC?
Kraken is a cryptocurrency and Bitcoin trading platform established in the United States. The exchange is one of the few in the world that allows US customers to trade futures on leverage up to 50 times. You can withdraw $5,000 USD per hour without KYC and $1,000,000 USD per hour with KYC.
5.Does Coinbase require KYC?
Yes, Coinbase requires users to validate their accounts using KYC. To comply with KYC (Know Your Customer) rules, Coinbase takes advantage of Identity Verification. KYC refers to the process of identifying and verifying that a customer is who they claim to be. It's a multi-step procedure that helps prevent fake accounts from being created and used.
6.Does MetaMask need KYC?
Although MetaMask does not seek KYC information or verification, dealing with verification inquiries can be difficult and may lead receivers to be less careful.
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