Best Non KYC Crypto Exchanges in 2025 – Anonymous Non KYC Exchanges

By Shraddha

Last Updated: Mar 13, 2025

Co-author

By Sam Cooling

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Disclaimer

Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
99Bitcoins may receive advertising commissions for visits to a suggested operator through our affiliate links, at no added cost to you. All our recommendations follow a thorough review process.

Best no kyc crypto exchanges
Disclaimer Icon
Disclaimer

Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
99Bitcoins may receive advertising commissions for visits to a suggested operator through our affiliate links, at no added cost to you. All our recommendations follow a thorough review process.

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.

Top 10 No KYC Crypto Exchanges

Here are the top 10 anonymous crypto exchanges listed below when trading anonymously:

    1. Best Wallet – Versatile no KYC crypto exchange and wallet
    2. Margex –  Top no KYC exchange supports leverage trading and perpetual contracts
    3. Blofin – KYC-free crypto exchange offering copy trading, 150x leverage, and bot trading with competitive fees
    4. KCEXNew on the scene, offers effortless trading of spot and futures without KYC for basic-level transactions
    5. Bitunix – Popular no-KYC exchange with high daily withdrawal limits of $500k
    6. WEEX –  No-KYC exchange with over 600 pairs and 0% maker fees, excellent for day traders
    7. BingX – Great option for day traders with short selling and 150x leverage and plenty of trading pairs
    8. AlphaX – Flexible CEX and DEX hybrid platform with low fees, 125x leverage, and wallet integration options
    9. Changelly – Withdraw up to 1 BTC daily without ID verification checks
    10. ChangeNOWFacilitates unlimited crypto swaps without KYC, with a focus on simplicity and quick transactions

What is KYC in crypto?

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.

trading at a no KYC 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.

Best Crypto Exchange Without KYC: Reviewing the Top No KYC Exchanges for 2025

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. A top crypto exchange without ID verification allows users to trade digital assets anonymously without submitting identification documents.

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.

Best Wallet DEX review

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.

Best Wallet Key Features:

  • No KYC Required: Best Wallet allows users to trade and store cryptocurrencies without the need for KYC verification, making it an excellent choice for privacy-conscious individuals.
  • Multi-Asset Support: Supports a wide variety of cryptocurrencies, allowing you to manage and trade multiple digital assets from a single platform.
  • User-Controlled Private Keys: Provides users with full control over their private keys, ensuring that you have complete ownership and security over your assets.
  • Cross-Platform Availability: Accessible via web, desktop, and mobile apps, providing flexibility and ease of use regardless of the device you choose to trade on.
  • Simple User Interface: Designed for ease of use, making it an ideal choice for both beginners and experienced traders looking for a straightforward trading experience.

Pros

  • True privacy on a decentralized exchange
  • Supports all ERC-20 and BEP-20 tokens
  • Obtains market-leading prices from liquidity providers
  • Also offers a non-custodial wallet

Cons

  • Yet to support Bitcoin or Solana
  • Many features are still being developed

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.

Margex review

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.

Margex Key Features:

  • Anonymous Trading: Margex does not require KYC for deposits and withdrawals, offering true anonymous trading, which is rare among crypto exchanges.
  • Leverage Trading: Allows up to 100x leverage on crypto trades, making it a strong choice for traders looking to maximize their potential returns.
  • Proprietary AI-Driven Price Aggregation: Uses AI to aggregate prices from multiple sources, ensuring the best possible price execution for trades.
  • Security Focused: Implements cold storage for assets and advanced security protocols, protecting users from potential threats while maintaining privacy.
  • Customizable Interface: Offers a customizable trading interface that can be tailored to fit individual trading preferences and strategies.

Pros

  • Offers leverage of up to 100x
  • Supports perpetual futures
  • Copy trading tools for passive investing
  • Trade online or via the Margex app

Cons

  • Doesn’t accept US clients
  • Lower trading volumes than other platforms

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

Visit Margex

3. 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.

Blofin Home Page

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

Blofin Key Features: 

  • No KYC to Trade: Blofin doesn’t require KYC verification unless you need to withdraw more than 20k USDT. In such cases, you’ll need to provide personal information and proof of address.
  • Lots of Altcoins: Blofin allows you to trade a wide range of crypto assets, including emerging altcoins.
  • Trading Tools: In addition to the usual charting tools, limit orders, and technical analysis features, Blofin also offers copy trading and bot trading.
  • Earn Feature: You can earn as much as 5.50% APY on your USDT assets, with a maximum of 4% on ETH and 3% on BTC, providing an opportunity for passive income.
  • Regular Promotions: Blofin runs attractive promotions, ranging from weekend surprises, lucky draws with chances to win iPhones & Airpods, trading competitions, and a referral program with up to 50% commission.

Pros

  • Demo trading
  • Competitive fees
  • 150x leverage
  • Mobile app for both Android and iOS devices
  • Liability insurance coverage 

Cons

  • No fiat trading
  • KYC for higher withdrawals
  • Centralization risk

Visit Blofin

4. 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. 

KCEX Home Page

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.

KCEX Key Features:

  • No Mandatory KYC: KCEX offers users the ability to trade and withdraw without the need for KYC verification, emphasizing privacy and ease of access.
  • Support for Multiple Cryptos: Supports a wide range of cryptocurrencies, including major coins and altcoins, providing ample trading opportunities.
  • High-Speed Transactions: Ensures fast execution of trades and withdrawals, making it a reliable choice for users who prioritize speed in their trading activities.
  • Low Trading Fees: Offers competitive fees, making it a cost-effective platform for frequent traders looking to minimize costs.
  • 4/7 Customer Support: Provides round-the-clock customer support, ensuring that help is available whenever you need it, adding an extra layer of reliability to the platform.

Pros

  • A nice variety of cryptocurrencies
  • Low fees
  • Regular promotions and bonuses

Cons

  • No staking or advanced trading tools
  • Lack of educational resources

Visit KCEX

5. Bitunix – No-KYC Exchange With High Daily Withdrawal Limits

Bitunix distinguishes itself among cryptocurrency exchanges by allowing users to trade without undergoing KYC verification. Despite the absence of mandatory KYC, Bitunix offers substantial daily withdrawal limits. Users without KYC verification can withdraw up to $500,000 USD daily.

bitunix exchange homepage

The platform also provides a tiered fee structure that benefits high-volume traders. Starting with competitive rates, users can reduce their fees by achieving higher VIP levels through increased trading volumes or larger deposits. This system enhances the trading experience by rewarding active participation.

Additionally, Bitunix offers a user-friendly interface accessible via desktop and mobile applications, catering to traders who require flexibility. The mobile app allows users to manage their trades on the go, reflecting Bitunix’s commitment to providing a seamless and efficient trading environment.

Bitunix Key Features: 

  • High Daily Withdrawal Limits: Without KYC, users can withdraw up to $500,000 USDT each day. This can be further increased for those who undergo KYC.
  • Low Deposit: Users can start investing with as little as $10 and get real-time market updates.
  • Multilingual Customer Support: Users benefit from a multilingual customer support 24/7 regarding any issues they may face.
  • Futures Trading: Traders can take advantage of the futures platform and use up to 125x leverage to amplify their gains.
  • Reserve Fund: Bitunix maintains a reserve funds that exceeds a 1:1 ratio against user holdings.

Pros

  • High daily withdrawal limits
  • Buy and manage crypto on the spot or futures
  • Low minimum deposit of $10 to test the platform
  • Reserve fund that exceeds 1:1 ratio against user holdings
  • 24/7 multilingual support

Cons

  • Limited number of features compared to other platforms
  • Fewer cryptocurrencies to trade compared to competitor platforms
  • Withdrawing more than $500,000 daily requires KYC

Visit Bitunix

6. WEEX – Among the Best No KYC Crypto Exchanges for Active Traders

WEEX offers a comprehensive suite of trading options, including spot trading, futures trading with leverage up to 200x, and copy trading. The platform supports over 600 pairs, providing traders with a wide array of assets to choose from. This extensive selection enables users to diversify their portfolios and explore various trading strategies, all within a single platform.

weex landing page

Moreover, WEEX doesn’t charge maker fees. This means that every time a trader sets a limit order, they will pay 0% fees. Active and seasoned traders will find this valuable as it helps them retain money from each trade. On top of that, there are up to $30,000 USDT welcome bonus for completing tasks.

To protect user accounts and data, the exchange employs industry-standard security measures such as two-factor authentication and advanced encryption protocols. Furthermore, WEEX maintains a 1,000 BTC protection fund to safeguard user assets against unforeseen events. These robust security practices instill confidence among users and ensure their funds and personal information remain secure while trading on the platform.

WEEX  Key Features:

  • No Maker Fees: Users can trade on the spot market without paying maker fees.
  • Multiple Cryptocurrencies to Trade: With over 600 crypto pairs to trade, users can diversify their holdings with ease.
  • Generous Welcome Bonus: Up to $30,000 up for grabs for completing tasks like making a deposit and opening a trade.
  • High Leverage Trading: Futures trading with up to 200x leverage is available for WEEX’s users.
  • Protection Fund: WEEX holds a 1,000 BTC protection fund and provides proof of reserves.

Pros

  • 0% maker fees
  • 600+ crypto pairs
  • Up to $30,000 USDT welcome bonus

Cons

  • No information about licensing
  • Not available in all countries

Visit WEEX

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.

BingX review

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.

BingX Key Features:

  • No KYC for Smaller Accounts: BingX offers a no KYC option for users with smaller account balances, allowing for anonymous trading within specified limits.
  • Social Trading Features: BingX includes a copy trading feature where you can follow and mirror the trades of successful traders, ideal for beginners or those looking to learn from experienced professionals.
  • Wide Array of Derivatives: Supports a diverse selection of derivatives, including crypto, forex, and commodities, making it a versatile platform for various trading interests.
  • Mobile-Friendly Platform: Offers a highly-rated mobile app, enabling users to trade on the go with full functionality and a user-friendly interface.
  • Low Fees: BingX is known for its competitive fee structure, ensuring that traders can maximize their profits without being burdened by high trading costs.

Pros

  • A great option for crypto day traders 
  • Go long or short on hundreds of markets
  • Access leverage of up to 150x
  • Buy and sell crypto at just 0.1% per slide
  • Offers peer-to-peer funding methods

Cons

Want a deeper dive into BingX? Check out our dedicated BingX Review for more info.

Visit BingX

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

AlphaX Home Page

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.

AlphaX Key Features: 

  • Privacy: With KYC-free trading requiring only your email, this exchange allows you to maintain your privacy and security. Users can withdraw as much as they want without any limitations.
  • CEX plus DEX: One of AlphaX’s prominent features is the ability to enjoy both the simplicity of the CEX and the advanced on-chain trading through its DEX.
  • Liquidity: AlphaX’s strong market depth ensures that your orders are filled easily, at the best price, and with minimal slippage.
  • Trading Tools: You can access trading tools like limit orders, market orders, trigger orders, and Take Profit/Stop Loss (TP/SL).
  • Affiliate Program: By helping build AlphaX’s DEX trading ecosystem, the affiliate program lets you earn up to 50% commission daily, along with cash subsidies and customized events. 

Pros

  • Mobile app available for Android & iOS
  • 125x leverage
  • Low transaction fees
  • Option to connect a wallet & trade on-chain
  • A wide variety of cryptocurrencies

Cons

  • No fiat withdrawals
  • Lacks more advanced features
  • Less established compared to competitors

Visit AlphaX

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 review

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.

Changelly Key Features:

  • No KYC for Small Trades: Changelly allows small trades to be conducted without KYC, making it suitable for users who prefer to trade anonymously.
  • Instant Crypto Exchange: Known for its quick and easy crypto-to-crypto swaps, with transactions usually completed within minutes.
  • Support for 200+ Cryptocurrencies: Offers a wide range of supported coins for spot trading, allowing for a broad selection of trading pairs.
  • Non-Custodial: Changelly does not hold user funds, ensuring that users maintain control over their assets at all times.
  • Competitive Rates: Provides competitive exchange rates, helping users get the most value out of their trades without hidden fees.

Pros

  • One of the best options for beginners
  • User-friendly experience on desktops and mobiles
  • Withdraw up to 1 BTC daily without KYC requirements
  • Supports some of the best altcoins
  • Established in 2015

Cons

  • Adds a 0.25% markup on swaps
  • Doesn’t offer a native crypto wallet

Visit Changelly

10. 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 Home Page

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.

ChangeNow Key Features:

  • No KYC for Most Transactions: Allows users to exchange cryptocurrencies without KYC for most transactions and trade anonymously.
  • Instant Swap Service: ChangeNOW specializes in quick crypto-to-crypto swaps with no limits, making it ideal for users looking to convert assets rapidly.
  • Wide Range of Supported Coins: Supports over 300 cryptocurrencies, allowing users to exchange between a vast selection of digital assets.
  • Non-Custodial: As a non-custodial service, ChangeNOW doesn’t hold user funds, adding an extra layer of security and control for users.
  • User-Friendly Interface: Offers a clean and intuitive interface, making it easy to use even for those new to cryptocurrency trading.

Pros

  • No account registration required
  • Instant exchanges with no limits
  • Support for hundreds of crypto

Cons

  • Higher fees compared to some competitors
  • No advanced trading features

Visit ChangeNOW

Advantages of using an Anonymous non-KYC exchange?

Many crypto exchanges that don’t require KYC allow users to start trading instantly. 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.

Find out how to buy bitcoin with no KYC.

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.

Risks of Using No KYC Crypto Exchanges

While non-KYC crypto exchanges offer privacy and anonymity, they also come with certain risks that traders should be aware of:

  • Security Concerns: Many non-KYC exchanges operate without strict regulations, making them more vulnerable to hacks or fraudulent activities. Since they don’t require identity verification, it can be harder to track and recover stolen funds.
  • Lack of Regulatory Protection: Unlike regulated platforms, no KYC exchanges don’t offer investor protections, such as insurance on funds or legal recourse if something goes wrong.
  • Withdrawal Limits: Some non-KYC platforms impose restrictions on daily withdrawals, limiting how much you can move in and out of your account.
  • Scams and Fraud Risks: Due to the anonymous nature of non-KYC exchanges, they may attract malicious actors or scams, making due diligence even more crucial.
  • Legal and Compliance Issues: Depending on your country’s regulations, using a non-KYC exchange may have legal implications. Some governments track blockchain transactions and may impose penalties for bypassing KYC requirements.

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.

MEXC exchange review supported coins

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.

Our Top Picks For No KYC Crypto Exchanges

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

Exchange Cryptocurrencies Supported Custody? KYC Required? Location Restrictions
Best Wallet 60+ Chains Supported Yes No Limited in some jurisdictions.
Margex 43 cryptocurrencies supported. Including one fiat. Yes No Available worldwide, except U.S., Canada, Hong Kong, the Republic of Seychelles, Bermuda, Cuba, Crimea and Sevastopol, Iran, Syria, North Korea or Sudan, Afghanistan
Exodus 277 cryptocurrencies supported Yes

No KYC is required for trading unless withdrawals exceed 20k USDT​

Exodus is available globally, except in OFAC-sanctioned countries like Cuba, North Korea, Iran, and Syria

Blofin 320+ Tokens supported Yes No Not available in 42 countries, including

Marshall Island, Afghanistan, Angola, Bangladesh, Belarus, Burundi, Cameroon, Central African Republic, China Mainland, Crimea, and more.

AlphaX 500+ Coins Yes No Available worldwide with some restrictions
KCEX 500+ Coins Yes No Available worldwide with some restrictions
BingX 300+ cryptocurrencies Yes No Available worldwide with some restrictions
ChangeNOW 905+ Coins No No Available worldwide with some restrictions
Changelly 500+ Coins No No Available worldwide with some restrictions
switchere 90+ Coins No No Available worldwide with some restrictions

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.

Margex copy trading tools

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.

Find out how to buy crypto with no KYC.

The Future of Anonymous KYC Exchanges

Cryptocurrency exchanges that operate without KYC requirements will increasingly face a legal gray area in several regions as global regulators continue to push for stricter oversight. International organizations like the Financial Action Task Force (FATF) have been leading efforts to prevent financial crimes by enforcing anti-money laundering and counter-terrorist financing (AML/CFT) measures. The FATF’s Recommendation 15 requires cryptocurrency platforms, known as Virtual Asset Service Providers (VASPs), to verify user identities to curb illegal activities such as money laundering and fraud.

In the United States, the Financial Crimes Enforcement Network (FinCEN) classifies crypto exchanges as Money Services Businesses (MSBs) and requires them to register, implement AML programs, and verify user identities. Similarly, in the United Kingdom, the Financial Conduct Authority (FCA) enforces AML and CFT regulations, further limiting anonymous trading options. The European Union (EU) has implemented stricter regulations under the Markets in Crypto-Assets Regulation (MiCA) framework. Crypto companies are now required to obtain licenses, enforce KYC protocols, and ensure that their executives meet regulatory standards. These measures have increased transparency and accountability across the industry, making it significantly harder for non-KYC exchanges to operate within these regions.

Actions by FATF members that might change functioning of non-KYC exchanges

Therefore, 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. As a result, many exchanges that previously operated without KYC have either shut down, relocated, or adapted to comply with evolving regulations to continue serving their users.

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.

Best No KYC Crypto Exchanges for March 2025

Not all platforms are created equal—some offer better security, asset variety, and user experience than others. After reviewing multiple options, Best Wallet stands out as the top choice for anonymous trading, followed by Margex for those looking for leverage and advanced features.

What makes Best Wallet truly unique is that it’s not just an exchange—it’s a full-fledged decentralized ecosystem where you can trade, store, and manage crypto without ever revealing your identity. Supporting 60+ blockchains, it gives users access to one of the widest selections of assets while ensuring full self-custody. Unlike centralized exchanges, there are no accounts, no limits, and no risks of funds being locked. For those who value privacy, security, and flexibility, Best Wallet is the clear winner among no-KYC exchanges, standing out with its decentralized approach, multi-chain support, and seamless trading experience.

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 for their daily cryptocurrency dealings.

Choosing the right anonymous crypto exchange depends on factors like security, supported assets, and withdrawal limits. 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.

Visit Best Wallet

See Also: Best No KYC Casinos 2025

FAQs

Which Crypto Exchange Doesn’t Have KYC?

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What is AML?

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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)
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