You are at: Home » Cryptocurrency » Best No KYC Crypto Exchanges in 2024 – Anonymous Non KYC Exchanges

Best No KYC Crypto Exchanges in 2024 – Anonymous Non KYC Exchanges

Author

Valerie Reilly

Last updated on: 6 December 2024

Fact Checker's full profile

Fact Checker

Darcey Conley

Author's full profile

The best no KYC crypto exchanges allow you to trade anonymously. This means they require no personal information or identity verification documents.

Not all non-KYC exchanges are safe, so read on to discover the top providers. In addition to security and trust, we rank anonymous exchanges for fees, supported coins, and trading tools.

Reviewing the Top No KYC Exchanges for 2024

KYC requirements are just one aspect to consider when selecting an exchange. Crypto traders should also assess safety and security, tradable pairs, commissions, and other important metrics.

Before we take a much closer look at the crypto exchanges without identity verification listed above, let’s see what one of our experts has to say about the best 5 no KYC crypto wallets. This is relevant to anyone who wants to buy crypto with no KYC.

1. Best Wallet – Overall Best No KYC Exchange

Best Wallet is one of the best choices if you’re looking to buy crypto without KYC. This decentralized exchange has developed a user-friendly app for iOS and Android. Best Wallet is suitable for beginners and experienced traders alike. The app offers two primary products: a decentralized exchange and a wallet. There is no identity verification requirement to register an account, so you’ll have complete anonymity.

Best Wallet uses market-leading liquidity pools to offer a smooth and cost-effective trading experience. It supports all ERC-20 and BEP-20 tokens, covering everything from ETH and BNB to USDT and DAI. Traders get the best exchange rate at the time of the swap; Best Wallet doesn’t add a markup to the spread.

Additional networks will be supported in the future, including Bitcoin and Solana. What’s more, some Best Wallet features are still being developed, including token analytics, market insights, and news feeds. Nonetheless, we like that the in-built wallet offers non-custodial storage with two-factor authentication and biometrics.

Visit Best Wallet

2. Margex – No KYC Exchange Supports Leverage Trading and Perpetual Contracts 

Margex operates in more than 150 countries and is used by over 500,000 traders. It not only offers a safe and private means to trade crypto but is also cost-effective. Market takers pay just 0.06% in trading commissions. That’s just $0.60 for every $1,000 traded.

Our Margex review shows that this exchange is a great option for trading crypto with leverage. You’ll get 100x leverage on major cryptocurrencies like Bitcoin, Ethereum, and BNB. Margex offers up to 50x on other popular coins, such as Bitcoin Cash, Polygon, Cosmos, and Polkadot. This means you can trade with considerably more than you have in your Margex account. Of course leverage trading is not for beginner traders, and you should always use caution with leverage, however it can be a very useful tool when used correctly.

We also like that Margex offers perpetual futures. This enables traders to go long or short on all supported markets. Margex also offers copy trading tools. This is a passive investment feature that enables you to copy experienced crypto traders. However, Margex has smaller trading volumes than other no KYC crypto exchanges. What’s more, it doesn’t accept US clients.

We have a dedicated Margex Review for any readers wanting to learn more about the crypto platform.

Visit Margex

3. Exodus – A Non-Custodial Crypto Wallet to Swap Assets Across 50 Networks

Another no-KYC digital currency exchange service provider, Exodus, has a built-in swap feature. With it, you can swap crypto across 50 networks, including Solana, BSC, Polygon, Arbitrum, and Ethereum. In total, Exodus supports 100,000+ digital assets.

You can also buy and sell crypto using fiat currency, but this is only available via third-party providers such as MoonPay, Ramp, Robinhood Connect, and PayPal. Using a third-party service makes this option costlier than others on this list. There’s also a staking option for altcoins like SOL, ADA, APT, INJ, ATOM, and MATIC, among others.

Exodus is also a crypto wallet and can be used to manage and store Bitcoin and altcoins. Most importantly, it’s a non-custodial wallet, meaning you have full control of your assets, and Exodus cannot access your private keys or crypto. Unlike other crypto exchanges, this crypto-swapping service is not only available as an app for desktop and mobile devices but can also be accessed from your browser.

Visit Exodus

4. Blofin – Make Smart Trades with Copy Trading & Advanced Tools

As a KYC-free crypto exchange, Blofin has all kinds of digital assets for you to trade in both spot and futures markets. In terms of fees, no matter if you are trading spot or futures, Blofin charges a 0.1% fee, for both makers and takers. You can also take advantage of the massive 150x leverage to amplify your profit potential.

One great feature of Blofin is copy trading, which allows you to replicate the trades of professionals with a successful track record and learn from their strategies. Additionally, there’s bot trading, with the Signal Bot being the only available option for now, with more coming soon. Blofin also offers earning opportunities on USDT, BTC, and ETH with flexible and fixed durations.

For security, the exchange has partnered with institutional crypto custody provider Fireblocks, enabling it to offer insurance coverage, and with AnChain.AI for security and risk monitoring. Blofin also offers Wallet as a Service (WaaS) and provides Merkle Tree verification to prove its reserves.

Read more: BloFin Review

Visit Blofin

5. AlphaX – Enjoy the Flexibility of CEX & DEX with Low Fees & High Leverage

On AlphaX, you’ll find hundreds of altcoins, including BRC20, Bot & AI, Meme, GameFi, infrastructure, DeFi, L1, L2, RWA, Metaverse, and Web3 tokens. You can trade hundreds of cryptocurrencies with leverage of up to 125x. Trading at such a high leverage will cost you 0.050% in the taker fee and 0.020% in the maker fee. For spot market trades, you’ll pay a competitive 0.1% fee when buying or selling crypto assets.

With a team of experts from leading companies like Google, JPMorgan, and Standard Chartered Bank, AlphaX offers both a centralized exchange (CEX) and decentralized exchange (DEX) experience. You can either trade by registering with an email or by connecting wallets like Metamask, OKX Wallet, and WalletConnect.

For security, the AUSTRAC-legalized exchange provides risk management options, offline storage, and two-factor authentication (2FA) to protect your account and assets. Additionally, the exchange offers a unique airdrop feature, allowing users to maximize their rewards based on their trading volume.

Visit AlphaX

6. KCEX: Your Gateway to Easy No KYC Crypto Trading

This relatively new centralized crypto exchange, KCEX, was launched last year and is still establishing its authenticity and resilience compared to more established platforms.

Like MEXC or Margex, KCEX enables trading in both spot and futures markets, covering a wide range of crypto assets such as BTC, ETH, SOL, SHIB, DOGE, PEPE, and TRB, with leverage options up to 100x. Designed to cater to both beginners and professionals, KCEX is accessible via a mobile app, featuring a clean interface and effortless navigation for a seamless experience. 

However, KCEX scores high in a number of areas which are somewhat lacking for other exchanges. For instance,  it tends to impose less geographical restrictions than other exchange brands. Aside from this, it sometimes lists niche or emerging cryptocurrencies that may not yet be available on larger platforms. This makes it a viable option for users looking to invest early in lesser-known projects.

KCEX employs strong security protocols, including advanced encryption, cold storage for assets, and regular security audits. Although it’s true that other exchanges also focus on security, KCEX’s attention to preserving user anonymity without compromising on security is definitely a great sign of forward-looking customer orientation.

Visit KCEX

7. BingX – Great Option for Day Traders With Short Selling and 150x Leverage  

We found that BingX is one of the top no KYC crypto exchanges for day traders. It offers a full suite of tools that enable traders to make smart decisions. This includes high-end charts with TradingView integration. Charts are fully customizable and come packed with technical and economic indicators. Not to mention drawing tools like the Fibonacci retracement.

BingX also offers short-selling capabilities via perpetual futures. Traders can also apply leverage of up to 150x. This boosts a $100 account balance to $15,000. More than 700 crypto tokens are supported by BingX. This includes some of the best meme coins to buy, such as dogwifhat, Shiba Inu, Dogecoin, and Bonk.

However, this is another no KYC exchange aimed at experienced investors. There is an overwhelming range of tools, features, and markets, which can be intimidating for beginners. Nonetheless, we like that BingX offers competitive trading commissions. Market takers pay just 0.1% per slide.

Visit BingX

8. ChangeNOW: Simplifying Crypto Swapping Without KYC Verification

If you’re looking to enjoy limitless crypto swaps without undergoing KYC, ChangeNow might be the perfect fit. This exchange service enables you to buy, sell, and swap tens of thousands of crypto assets with over 50 fiat currencies via credit card or bank account, all within minutes. You simply select your currency, make a deposit, and receive your crypto—starting from as little as $2, making it highly accessible.

While registration is not required on ChangeNow, creating an account allows you to save on fees for off-chain swaps, earn cashback on every transaction, and perform AML address checks. As a non-custodial crypto swap site, you retain exclusive access to your funds, ensuring both security and privacy.

ChangeNow offers simple and fast crypto exchanges accessible on both desktop and mobile. Additionally, you can stake your crypto to earn passive income and explore dApps via its NOW Wallet with WalletConnect. The platform’s native token, NOW, is used for payments, airdrops, staking, and discounts within the ecosystem. With a market cap of $10 million, the token is burned quarterly to sustain its value.

Visit ChangeNOW

9. Changelly – Withdraw up to 1 BTC Daily Without ID Verification Checks 

Changelly is a popular non KYC crypto exchange that was launched in 2015. It supports Bitcoin and over 500 altcoins, including Shiba Inu, Solana, Ethereum, Monero, and Cardano. Traders can swap any supported coin instantly. Changelly obtains market prices from over 20 liquidity providers. This ensures traders get the best price possible.

However, Changelly adds a 0.25% markup on swaps, which is more than other providers. Nonetheless, we like that Changelly offers a KYC-free experience. As long as you don’t need to withdraw more than 1 BTC per day, you can buy and sell cryptocurrencies anonymously. These limits should suit the majority of traders.

Changelly is also one of the best no KYC crypto exchanges for beginners. It offers a smooth and simple trading experience on desktop and mobile devices. The latter includes a mobile app for iOS and Android. We also like that Changelly never stores client-owed funds. Cryptocurrencies are sent straight to your stated wallet address after transacting.

Visit Changelly

10. Switchere: Among the Best No KYC Crypto Exchanges for Small Purchases

This licensed crypto exchange, Switchere, provides a convenient and instant way to buy and sell digital assets using credit cards, SEPA, SOFORT, and local Asian banks. Users simply select the desired amount, enter account details, and receive crypto in their wallets with just basic verification. However, purchases exceeding $13k require identity verification and address proof. To eliminate this limit, proof of income must be submitted.

The Switchere crypto app offers a sleek web and mobile platform for the smart management of your coins, supporting 30+ coins and multiple blockchains such as ERC20, TRC20, BEP20, SOL, and POL networks. The app is accessible in popular web browsers like Chrome, Firefox, Opera, Edge, and Safari, allowing you to buy, sell, send, receive, and store crypto assets and make instant transactions. Switchere belongs in the discussion of best non KYC exchanges out there. 

By downloading the Switchere app, you can also use it as your personal crypto wallet and enjoy fast and efficient swaps at the best exchange rates with no hidden fees. For security, the platform employs two-factor authentication, a 3D secure protocol, and high-end encryption technology. Additionally, round-the-clock customer service is available in over ten languages.

Visit Switchere

What is KYC?

KYC, or Know Your Customer, is a regulation that requires sellers of financial assets, including cryptocurrencies, to have a record of their customers’ identity. Simply put it is identity verification so that the exchange knows its customers. Many exchanges require KYC for compliance reasons, but it isn’t too hard to see why some people may want to find non KYC exchanges for some of their needs.

The idea of this is to prevent fraud and money laundering, protect consumers, and add transparency for financial entities who can be audited by financial regulators.

However, some argue that KYC procedures go against the ethos of crypto, as it means a buyer’s identity can be seen by the government. Identity verification doesn’t really fit into the pseudonymous nature of blockchain transactions. As a result, there are some people who prefer to use non-KYC exchanges to protect their privacy, however it can come with legal risks.

What Are Non KYC Crypto Exchanges?

Non KYC exchanges enable you to trade crypto without traditional Know-Your-Customer (KYC) identity verification requirements. This means you’ll benefit from a private and anonymous trading experience. Opening an account typically only requires an email address. Some non KYC crypto exchanges have no account requirements at all.

There are some considerations to make before using a non KYC platform. First, while many exchanges offer a KYC-free experience, limitations often apply. This is usually determined by a 24-hour withdrawal limit. Fortunately, these limits are often very high, meaning very few traders will need to exceed them.

For example, Changelly enables traders to withdraw up to 1 BTC every day without revealing their identity. This amounts to $100,000 daily based on current Bitcoin prices. CoinEx has a similar procedure, although daily withdrawal limits are much smaller at 10,000 USDT. Once again, this is considerably more than most traders will need.

Another important consideration is that non KYC accounts are usually only available on crypto-to-crypto payments. So, if you want to buy Bitcoin with fiat money, KYC procedures will be mandatory. The only possible workaround is to use a peer-to-peer exchange. Even then, some sellers will request KYC documents to ensure they comply with anti-money laundering regulations to facilitate those who want to buy crypto without KYC. Ultimately, non KYC platforms often lack certain features like fiat deposits, advanced trading tools, or staking options. This is why it’s essential to evaluate whether privacy outweighs these trade-offs for your needs.

I should also note that some non KYC crypto exchanges are based offshore. This means you won’t have anywhere to turn if things go wrong. It also means that investor protections might not apply; such as minimum capital requirements or proof of reserves. Always do your research before choosing an exchange.

For example, Changelly enables traders to withdraw up to 1 BTC every day without revealing their identity. This amounts to $70,000 daily based on current Bitcoin prices. CoinEx has a similar procedure, although daily withdrawal limits are much smaller at 10,000 USDT. Once again, this is considerably more than most traders will need.

Another important consideration is that non KYC accounts are usually only available on crypto-to-crypto payments. So, if you want to buy Bitcoin with fiat money, KYC will be mandatory. The only possible workaround is to use a peer-to-peer exchange. Even then, some sellers will request KYC documents to ensure they comply with anti-money laundering regulations to facilitate those who want to buy crypto without KYC.

I should also note that some non KYC crypto exchanges are based offshore. This means you won’t have anywhere to turn if things go wrong. It also means that investor protections might not apply; such as minimum capital requirements or proof of reserves. Always do your research before choosing an exchange.

Why Use an Anonymous non-KYC exchange?

I’ll now cover some of the advantages of using a non-KYC exchange for crypto trading.

Trade Crypto Anonymously

Some crypto investors simply don’t want to reveal their identity when trading online. This aligns with the Bitcoin ethos of private and anonymous transactions. Ordinarily, KYC processes are intrusive.

• First, investors will be asked for their personal information when opening an account.
• This includes a name, date of birth, and nationality.
• Next, KYC requirements also demand ID verification documents.
• This means a government-issued ID and proof of address.
• Investors then need to wait for the KYC checks to be made, which can take several days.

In contrast, non KYC exchanges do not ask for personal information or identity verification documents. This ensures that investors can buy and sell crypto in complete privacy.

Fast Sign-Up Process

Getting started with a non KYC crypto exchange takes seconds. For instance, Best Wallet only collects an email address and password when new clients register. A crypto deposit can then be made instantly. Decentralized crypto exchanges like Best Wallet and Jupiter take things to the next level.

No account is required on these platforms. Instead, users connect a private wallet that’s already funded with cryptocurrencies. This enables them to trade tokens without delay. The newly bought tokens will then be deposited in the user’s wallet, which can be disconnected after the trade is completed.

Data Protection

A significant number of crypto exchanges have been hacked in the prior decade. This has resulted in billions of dollars in lost client funds. In some instances, hacks have breached client data, such as government-issued IDs submitted during the KYC process.

With data breaches becoming all too common, many investors are turning to non KYC crypto exchanges. In doing so, there is no risk of personal information or ID verification documents getting into the wrong hands. This is because traders are only required to supply an email when signing up.

Faster Withdrawals

Withdrawing tokens from a no KYC exchange is often fast and hassle-free. Users simply need to provide the exchange with their private wallet address. I found that withdrawal requests are often approved near-instantly, so the tokens will be received in minutes.

In comparison, traditional crypto exchanges are unable to approve withdrawals until the KYC process has been completed. Even then, withdrawals can be slow, especially when cashing out larger amounts. This is due to increased regulatory scrutiny on crypto exchanges, and how they handle money laundering risks.

Selecting the Right No KYC Exchange: My Criteria

I’ll now explain how you can choose the right crypto exchanges, no KYC, for your requirements. Some of the metrics I cover include daily limits, security, supported markets, and trading tools.

No KYC Limits

First, you’ll want to check what withdrawal limits are available on KYC-free accounts. As we mentioned earlier, this is often a 24-hour limit. Unless you’re looking to trade huge amounts, you’ll find that most withdrawal limits will be sufficient to buy crypto with no KYC. However if you are trading with size sometimes non-KYC withdrawal limits can make it hard to offload your crypto for fiat currencies.

However, if you need to go over the allowed limit, you’ll only have two options. You’d either need to complete KYC or split your withdrawals over multiple days. Just remember that limits can change at any time.

Safety and Security

The best no KYC crypto exchanges offer a safe trading experience. This means the exchange employs institutional-grade security controls. Ensure the majority of client-owned funds are secured in cold wallets. They should require multi-sig access to approve withdrawals. This ensures there isn’t a single point of failure.

• I also prefer exchanges that offer two-factor authentication. This requires a unique code when logging in and withdrawing funds. Many crypto exchanges support 2FA via the Google Authenticator app, which is free and secure.
• Whitelisting is also a great security feature to look for. This requires an extra security step when logging in from a new device or IP address.

Proof of reserves should also be explored. Especially since the FTX bankruptcy revealed the exchange didn’t have enough funds to cover customer balances. Ensure reserves have been audited and verified by a reputable source. It’s also a bonus if your chosen no KYC exchange is licensed.

Supported Coins

Once you’ve assessed limits and safety, you’ll want to check what coins the exchange lists. Consider whether you’re interested in large-cap coins like Bitcoin, or up-and-coming tokens with a small valuation. Some non KYC crypto exchanges are better than others when it comes to listing new projects.

Tradable markets should also be assessed. For instance, some crypto exchanges without KYC only support spot trading. While others also offer crypto derivatives, such as perpetual swaps and options. This enables traders to go long or short on crypto, not to mention apply leverage.

Top 10 Best No KYC Crypto Exchanges Overview

Here is an overview of the 10 best no KYC cryptocurrency exchanges, looking at their supported cryptos, supported countries and their custody offerings.

Payment Methods

Most exchanges prefer crypto payments, as this won’t trigger any KYC requirements. This means you can easily deposit and withdraw funds anonymously. However, if you’re a first-time buyer who doesn’t own any crypto, things get a bit tricky. This is because fiat money deposits demand ID verification documents.

The only exception here is peer-to-peer crypto exchanges like LocalCoinSwap. You’ll be matched with a seller in your home country, meaning you can pay for your crypto purchase with local payment methods. You can then transfer the crypto to a more comprehensive exchange, such Margex.

Trading Fees

I also prefer no KYC exchanges that offer low trading fees.

• For example, Margex charges commissions of just 0.06%. So, if you bought $100 worth of crypto, you’d pay just $0.06 in commission.
• MEXC is also competitive. Traders pay spot commissions of just 0.1%. Or 0.02% when trading futures.

Other fees can apply, such as overnight financing on leveraged positions. Fees also need to be paid when withdrawing crypto to a private wallet. These fees are often minimal, but should still be checked.

Trading Volume and Liquidity

Investors should prioritize no KYC exchanges with high trading volumes. This ensures the platform has sufficient liquidity, especially when trading smaller-cap coins. Increased liquidity means smooth trading conditions, as price movements won’t be as volatile.

What’s more, you won’t lose out on slippage. This happens when there isn’t enough liquidity to cover your order size. The result is you need to accept a less favorable price to trade. I always verify trading volumes on CoinMarketCap, as crypto exchanges are known to over-report.

Trading Tools and Features

I’d also suggest checking what trading tools and features the no KYC exchange offers. For example, Margex and MEXC offer copy trading tools. After you’ve chosen a suitable trader, you can copy their positions automatically. This means you’ll be trading crypto passively.

Intermediate-to-experienced traders should look for analysis tools. For instance, customizable charts and technical indicators. TradingView integration is also handy. Consider whether the exchange offers leverage too. This enables you to access more trading capital than your balance allows.

The Legalities of Crypto Exchanges Without KYC

Crypto exchange regulations are complex – especially when it comes to KYC. The key issue is that many exchanges operate globally. KYC regulations will vary within each supported country. What’s more, crypto exchanges without KYC are often located in countries with weak regulation. This enables them to adopt more flexible KYC verification requirements.

For example, there are some exchanges that offer KYC-free accounts with limitations. However, withdrawal limits may be imposed but are often up to 100k limits. This will suffice for the vast majority of traders. In addition, KYC-free accounts often only support crypto deposits and withdrawals. If you want to add funds via bank transfer or credit card, then KYC requirements are mandatory.

The Future of Anonymous KYC Exchanges

As the crypto market continues to mature and new laws are passed to regulate it, we can expect to see less non KYC exchanges in the future. This because as the financial system and cryptocurrencies become more entwined, there will likely be greater burden placed on financial operators to keep KYC information on file.

The future for non-KYC exchanges is, therefore, uncertain. It may be that buying crypto without KYC will only be possible with direct sales from user to user at some point down the line. Indeed, even DEXs now require some level of KYC. If you want to use a non-KYC exchange, there is no time like the present before they go away entirely.

Conclusion

In summary, demand for no KYC crypto exchanges is on the rise. An increasing number of traders favor anonymity, privacy, and data protection when selecting a provider.

Our top pick for KYC-free trading is Best Wallet. Other than the fact that it supports over 60 blockchain networks, Best Wallet’s lack of KYC could appeal to a global audience, especially in regions with limited access to compliant financial systems. It also offers great, user-friendly apps replete with interesting and useful features, such as integrated exchange elements as well as backup and recovery options for the wallet. This is, indeed a vital aspect of a tool like Best Wallet in case of damage or device loss.

For those interested in privacy, Non Gamstop Casinos UK also offer gambling without KYC checks.

Visit Best Wallet

See Also: Best No KYC Casinos 2024

FAQs

References

1. The KYC process explained (SWIFT)
2. Crypto exchanges keep getting hacked, and there’s little anyone can do (NBC News)
3. Government cracks down on crypto industry with flurry of actions (The New York Times)
4. FTX expects US to reduce bankruptcy claim to $3 billion to $5 billion (Reuters)

Valerie Reilly

Valerie Reilly is a cryptocurrency and blockchain writer with a deep focus on crypto casinos. With a keen interest in crypto and years of experience frequenting and reviewing online casinos, Valerie delivers expert insights into secure, fair, and innovative crypto... Read More

Read Valerie Reilly Articles

Free Bitcoin Crash Course

Learn everything you need to know about Bitcoin in just 7 days. Daily videos sent straight to your inbox.

Your name

Your email

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service

We hate spam as much as you do. You can unsubscribe with one click.