15 Best No-KYC Crypto Exchanges: Trade Crypto Anonymously in 2024

Looking to trade crypto without revealing your identity or uploading ID verification documents? You’ll need an exchange that offers accounts without KYC.

This guide ranks and reviews 15 no-KYC crypto exchanges that offer a private and safe trading experience. Discover which platforms stand out for trading pairs, low fees, fast withdrawals, and robust security.

Reviewing the Top Exchanges Without Verification

We’ll now review the leading crypto exchanges without ID requirements. Read on to choose the best exchange for you.

1. Best Wallet: The Overall Best No-KYC Exchange With a Native Self-Custody Wallet

Best Wallet offers everything you need for a safe, reliable, and anonymous trading experience. It’s a hybrid ecosystem offering an anonymous, self-custody wallet with an in-built exchange — and it’s the best crypto exchange without KYC. Best Wallet supports all tokens on the Ethereum, Polygon, and BNB Chain networks. Support for Bitcoin will be added soon.

This means you can buy and sell the best meme coins at the click of a button. Traders get the most competitive market prices, as Best Wallet uses multiple liquidity providers. There are no extra fees, so you’ll pay whatever the liquidity provider charges. This is often less than a percentage point. Importantly, any tokens you buy are instantly added to your Best Wallet balance.

You can access Best Wallet via an Android or iOS app. A browser extension is also being built; it should be launched in the coming weeks. Similarly, support for Bitcoin is also on the way. Best Wallet is also the best no-KYC crypto exchange for security. The app is protected by biometrics and two-factor authentication. You’ll also receive a unique backup passphrase.

Additionally, Best Wallet stands at the top of our list of best P2P crypto exchanges, as well as the top of our list of best ways to buy Bitcoin anonymously in 2024.

2. Margex: Global Trading Platform With Low Margin Requirements and a Native App

Margex is the next no-KYC exchange to consider. To get started, you just need to provide an email address and password. Accounts can be funded anonymously with multiple cryptocurrencies, including Bitcoin, Ethereum, and USDT. Margex is a crypto derivatives platform that specializes in perpetual futures. All supported markets have low-margin requirements.

For example, you can open BTC/USD positions with a margin of just 1%, which means you can increase your account balance by 100x. In addition, Margex offers many crypto trading tools, including technical indicators and customizable pricing charts. It can be accessed on desktop browsers or its native app for Android and iOS.

Both options offer a smooth trading experience. Margex is also popular for its low pricing structure. Traders pay commissions of just 0.06%, charged per slide. Margex also offers staking tools; you’ll earn up to 5% when holding USDT and USDC. However, Margex isn’t regulated by any notable bodies, so investor protections are limited.

Interested in learning more about this popular crypto derivatives exchange? Our full Margex review is a must-read in 2024 as we explore everything from features to benefits, as well as how to get started in a few simple steps. Margex also stands at the top of our list of best crypto affiliate programs, enabling you to monetize your audience with high commissions.

3. Exodus: The Go-to User-Friendly No-KYC Platform for Multi-Currency Trading

Primarily a crypto wallet without KYC, Exodus allows you to swap between thousands of crypto assets, buy and stake tokens, manage multiple portfolios, and explore Web3. With over 10,000 cryptos, it’s one of the best altcoin exchanges. To access this decentralized platform, download the app on your desktop or mobile device (iOS and Android supported) or use it directly in Chrome with the Exodus browser extension.

To purchase cryptocurrency, start by downloading the app or extension. Open it, click on the Buy & Sell icon, select your payment currency, enter the amount, and choose the crypto you wish to purchase. The transaction speed depends on your chosen payment method and the third-party fiat API provider, but you can expect to have the crypto in your wallet quickly.

Exodus supports debit cards, bank accounts, credit cards, PayPal, Apple Pay, and Google Pay as payment methods. The fiat-to-crypto service, meanwhile, is supported via Blockchain.com Pay, MoonPay, PayPal, Ramp, Robinhood Connect, and Sardine.

While convenient to use and offering the benefit of having full control over your crypto, Exodus’s fees are higher than those of centralized exchanges. You must also provide basic identifying information, and advanced verification is required for larger or more frequent purchases.

4. BloFin: Top Choice for Low-Fee No KYC Crypto Trading

With its wide range of crypto assets, BloFin offers an advanced crypto trading platform that doesn’t require KYC verification for up to 20,000 USDT withdrawals. However, if you want to increase this limit to one million USDT, you must undergo personal information verification and provide proof of address. Doing so will raise the limit further to two million USDT.

On this exchange, you can not only buy crypto but also engage in futures trading and take advantage of copy trading to learn from more successful traders. Beginners can also try their hand at a demo account before trading with their real funds. The crypto assets available for trading here cover a diverse range of narratives: AI, memes, RWA, Metaverse, DeFi, NFT,  BRC20, and more. BloFin also offers bot trading using Signal Bot, with more coming in the future.

If you are looking for passive income opportunities, BloFin’s Earn feature allows you to boost your USDT, BTC, and ETH holdings. As a CEX, it provides competitive trading fees starting from 0.1%, but this means you are entrusting the platform with the safety of your funds. To ensure protection, the exchange has partnered with Fireblocks, which offers enterprise-grade digital asset custody solutions.

5. KCEX: Buy and Sell Over 170 Cryptocurrencies Without Paying Trading Commissions

KCEX is an up-and-coming exchange with over 1 million clients. It’s a market leader when it comes to fees – KCEX doesn’t charge any spot trading commissions. This is ideal for day traders and scalpers – as buy and sell orders only attract the market spread. More than 170 cryptocurrencies are supported.

This covers the most popular coins, such as Bitcoin, Ethereum, and Dogecoin. KCEX also offers low-cap tokens from multiple ecosystems, ensuring traders can build a diversified portfolio. In addition to spot trading, KCEX also offers perpetual futures. Large-cap markets come with leverage limits of up to 100x. Fees for this are competitive, too, with 0% fees for makers and 0.02% for takers.

Charts are integrated with TradingView, which is ideal for performing technical analysis. KCEX also offers a user-friendly trading app for iOS and Android. This has been optimized perfectly, resulting in a top-notch trading experience. There is no requirement to complete KYC at KCEX unless you need to increase daily withdrawal limits to 30 BTC.

6. GhostSwap: Anonymous, No-KYC Crypto Swaps Across 1,500+ Cryptos

Another no-KYC exchange to consider is GhostSwap. It’s a decentralized, privacy-first exchange specializing in secure crypto swaps. To get started, all you need is your crypto wallet address. There is no need for personal information, account creation, or identity verification. This fully anonymous platform supports over 1,500 cryptos, allowing seamless cross-chain swaps between popular coins like Bitcoin, Ethereum, and many altcoins.

It’s worth noting that the platform operates with advanced encryption protocols to provide a secure environment for every transaction. The platform has already facilitated over $570M in crypto swaps and served over a million users, showing a high user trust in the market.

These transactions take only minutes as there are no delays from identity checks or account setups. Users simply choose the assets they wish to exchange, enter their receiving address, and send the funds—it’s as easy as that.

7. BingX: Top-Rated Crypto Exchange Without KYC With Solid Security and 100% Proof of Reserves

The next option to consider is BingX. This top-rated crypto exchange supports spot trading and derivative products, so there’s something to suit all strategies. Opening an account only requires an email address, and no KYC limits are high; you can withdraw up to $50,000 per day without ID verification.

This is on the proviso you’re depositing and withdrawing crypto. Fiat money payments will trigger KYC requirements. We also like BingX for its robust security systems. Accounts are protected by two-factor authentication and AI-backed risk management flagging. It also offers 100% proof of reserves, ensuring that client funds are safe.

In terms of markets, users can easily find cryptocurrencies to trade based on the category. For example, you can view tokens from the Ethereum, Solana, or Toncoin ecosystem. Or, view tokens from the meme, GameFi, and AI markets. Spot trading fees are very competitive at BingX — you’ll pay just 0.1% per slide. Perpetual and delivery futures cost 0.05% and 0.045%, respectively.

8. Changelly: User-Friendly Crypto Exchange With Instant Wallet Delivery

Founded in 2015, Changelly is an established crypto exchange that offers a user-friendly experience. It works differently from conventional exchanges, as swaps are delivered directly to your wallet. There’s no requirement to connect a wallet to Changelly; simply provide the address when completing the order form.

What we really like about Changelly is that cross-chain swaps include Bitcoin, which you won’t find with most other platforms. More than 500 altcoins are supported, covering everything from Ethereum and Solana to Bitcoin Cash and Pepe. Changelly also offers a 1:1 swap on any supported stablecoin.

For instance, you can swap USDT for USDC without worrying about micro-price movements. One of the drawbacks is that Changelly builds commissions into the exchange rate. This lack of transparency can make it difficult to know what you’re paying. Nevertheless, Changelly allows KYC-free swaps of up to 1 BTC every 24 hours, which is huge.

9. CoinEx: Popular Trading Platform for Building Diversified Portfolios With Over 1,000 Coins

Last on this list of no KYC crypto exchanges is CoinEx. This is one of the best options for building a diversified portfolio — CoinEx supports over 1,000 coins, which translates to over 1,500 trading markets. Meme coin investors are particularly catered for, with CoinEx supporting MAGA, cats in a dog’s world, Roaring Kitty, FLOKI, Baby Doge Coin, and dozens more.

Spot trading commissions start at 0.2% per slide, which is more than the industry average. However, lower fees are available when holding CET tokens, which are native to CoinEx. Larger trading volumes also trigger low commissions. CoinEx also offers a wide range of perpetual futures markets.

This is a great option for short-selling and trading with low-margin requirements. The maximum leverage limit is 100x, although this is reduced in lower-cap markets. The daily withdrawal limit is $10,000 when opting against ID verification. Once again, this will be suitable for the majority of crypto traders.

The platform also usually offers welcome bonuses and competitions to earn free cryptocurrency. Currently, it is offering a 100 USDT registration bonus. It also has a learn-to-earn section and competitive trade boards.

10. ChangeNow: Ideal Option for Instant Crypto Swaps Without KYC

If you are looking for easy and instant access to crypto without needing to register, then ChangeNow is your answer. While account creation isn’t mandatory, providing just your email and setting up a password unlocks benefits like fee discounts, cashback on every exchange, and other exclusive offers.

This crypto exchange is integrated with top exchanges such as Binance, OKX, and KuCoin, allowing you to use its widget immediately. Here, you can buy, swap, and stake an ever-expanding list of crypto assets with support for multiple networks on both your desktop and mobile device. The exchange also has its own native token, NOW, which you can stake for over 6% ROI.

ChangeNow supports crypto buying and selling via third-party platforms like Simplex and Transak, which may result in higher fees. A particularly useful feature of this platform is the option to choose between a floating rate, which can make your exchange more profitable, and a fixed rate, which ensures you receive the exact amount you expected.

Operating for seven years and serving millions of users, ChangeNow offers more than just exchange services. You can also take advantage of its cold-storage custody feature to secure over 800 assets and NFTs, advanced portfolio tracking, and instant loans with flexible terms.

11. Switchere: Quick No-KYC Crypto Exchange for Small Crypto Purchases

On this crypto exchange, you can buy, sell, and swap over 65 crypto assets, including options like BTC, ETH, SOL, DOGE, SHIB, NOT, TON, USDT, USDC, and AGIX. To purchase crypto, you must first register, then select the cryptocurrency, and finally make a payment using a credit card. This licensed financial services provider also supports buying crypto with SEPA bank transfers. Additionally, Switchere offers the opportunity to buy NFTs through its NFT marketplace, which currently features collections such as Galactic Guardians, Galactic Readers, Mystical Lands, Dune Drifters, and Galactic Explorers.

Switchere requires only basic verification for purchases up to $700. However, proof of identity and address is required to buy up to $13,000 worth of crypto, and proof of income is needed for amounts above that.

At Switchere, you can manage your coins through its wallet, which is available on both web and mobile platforms. This global, user-friendly wallet is intuitively designed, making it easy for beginners to start. You can buy, sell, swap, deposit, and store tokens using the wallet. Switchere also supports real-time crypto conversions at competitive rates and instant transactions for smart management. Additionally, you can access localized customer service, strong encryption, and two-factor authentication (2FA).

12. OKX: Decentralized Web 3.0 Portal With Instant Token Swaps and Earning Yields

While its centralized exchange requires KYC processes – this isn’t the case with the OKX web 3.0 portal. This is a decentralized exchange that connects with over 400 liquidity providers. This covers more than 70 blockchain ecosystems, including Ethereum, BNB Chain, Polygon, Litecoin, Avalanche, and Solana, meaning you can find all the best altcoins here.

No account is needed — just connect a self-custody wallet to the OKX platform. Select which cryptocurrencies to swap, and OKX will connect you with the most cost-effective crypto liquidity pool. Swaps take seconds to complete, and the tokens are transferred straight to your connected wallet.

Additionally, cross-chain swaps are also supported. This means you can swap tokens effortlessly from two different network standards. OKX’s web 3.0 portal also offers earning opportunities. This includes staking and liquidity farming. OKX can be accessed on standard web browsers. It also offers a decentralized app, plus a Chrome extension.

13. MEXC: Great No KYC Option for Trading Perpetual Futures With High Leverage

MEXC is one of the best crypto exchanges in the market. It offers premium liquidity levels with deep order books. Not to mention some of the lowest fees in the industry. Those buying and selling coins on the spot trading markets will pay just 0.1% per slide. This covers more than 2,000 cryptocurrencies, including meme coins, DePIN tokens, and everything in between.

Note: MEXC may be bringing in KYC processes for new accounts.

That said, MEXC really stands out when it comes to leveraged trading. It supports hundreds of perpetual futures, covering large and small-cap markets. The minimum margin requirement is 0.5%, which converts to leverage of up to 200x. This means you can open a $20,000 position with just $200 in your MEXC account.

Perpetual futures at MEXC are also cost-effective — you’ll pay just 0.01% per slide. In terms of KYC, new MEXC accounts only require an email address or cell phone number alongside a password. While no KYC limits seem to vary depending on the account holder, most users can withdraw up to 5-10 BTC per day, which is plenty.

14. Bybit: 24-Hour Withdrawal Limits of 20,000 USDT Without Completing KYC

Bybit is one of the best crypto leverage trading platforms. It supports hundreds of derivative markets, and the maximum leverage limit is 125x. This turns a $1,000 account balance into $125,000 worth of trading capital. Bybit supports perpetual futures contracts that are settled in USDT or USDC.

More experienced traders will like Bybit’s inverse contracts, which are settled in the coin being traded. Delivery futures for Bitcoin, Ethereum, and Solana are also available, as are option contracts with extensive chains. Getting started with Bybit takes seconds, and no personal information is needed.

Best of all, you can withdraw up to 20,000 USDT every 24 hours without completing KYC, which will be sufficient for more traders. However, Bybit isn’t a regulated exchange, so traders should think carefully about holding large balances. It doesn’t accept US or UK traders, either. Nonetheless, most other nationalities are supported.

15. PrimeXBT: KYC-Free Accounts Allow $2,000 in Fiat Deposits and $20,000 in Daily Crypto Withdrawals

PrimeXBT is another great option for trading perpetual futures with leverage. It charges commissions of just 0.01% per slide. Dozens of futures markets are available, including Bitcoin, Cardano, Ethereum, Polkadot, and XRP. There’s also support for Axie Infinity, Internet Computer, Stellar, and other popular altcoins.

Futures contracts come with deep liquidity and high leverage limits. What’s more, advanced charting tools are available, including technical indicators like the MACD. Alternatively, eligible traders can also speculate on cryptocurrencies via contracts-for-difference (CFDs). Just like futures, CFDs support long and short selling.

In terms of ID verification, there’s no requirement to complete KYC at PrimeXBT. Anonymous accounts can deposit up to $2,000 with fiat payment methods, such as a debit/credit card. Crypto withdrawals are limited to $20,000 per day on KYC-free accounts. These limits are suitable for most trading profiles.

What Is KYC?

KYC, or Know Your Customer, is a legal requirement that centralized exchanges require to confirm users’ identities. The goal is to prevent crypto use for tax evasion, money laundering, and illegal financing.

The process includes providing personal data, such as the full legal name and home address, government-issued identification, proof of address, and completing biometric verification. In addition to confirming user identities, exchanges use this data to conduct further checks, such as screening against sanctions lists, requesting the source of funds, monitoring account activity for suspicious behavior, and assessing risk.

KYC procedures often offer great confidence in the legitimacy of exchanges. However, many people, for instance, those who want to buy Bitcoin on a crypto exchange without ID verification, avoid KYC exchanges due to the loss of anonymity and privacy.

Benefits and Risks of Using No-KYC Exchanges

The benefits of a crypto exchanges without KYC include:

• Privacy and anonymity: Users’ identities stay private, and their trading activities are obscured. 
• Accessibility and efficiency: The absence of time-consuming verification procedures enables users to quickly sign up with an email or an anonymous/no-KYC wallet, deposit funds, and begin trading. Moreover, these exchanges offer an easy entry point to the crypto space for marginalized communities.
• Great financial sovereignty: Users can have more control over their financial activities and retain full ownership of their funds, particularly through DEXs. This lowers the risks of potential insolvency or mismanagement of centralized entities.
• Credibility and trust: While non-KYC exchanges may not follow strict regulatory compliance, they can still build trust and credibility through transparency, strong security protocols, and user-focused practices. The best anonymous crypto exchange platforms appeal to users who prioritize privacy and financial sovereignty while maintaining their reputation by consistently offering secure and efficient services.

The drawbacks of no-KYC exchanges include:

• Data breach: No-KYC exchanges attract fraudsters because they lack identity verification, which increases the chances of money laundering and fraud. 
• Legal protection absence: In case of lost funds or disputes, users don’t have any legal resources since these platforms function without strict regulations.
• Lower liquidity: Even the best no-KYC crypto exchanges have lower trading volumes, which may lead to higher slippage and liquidity issues.
• High fees: Trading fees are typically higher, particularly when there’s high demand, which can affect profitability.

Factors to Consider When Picking a No ID Crypto Exchange

Consider the following factors when choosing a cryptocurrency exchange without KYC:

• Full Anonymity: Make sure the exchange offers anonymous accounts – meaning KYC procedures won’t take place. The only information required should be an email address or a cell phone number.
• Limits: Most no-identification crypto exchanges have 24-hour withdrawal limits. Make sure this aligns with your trading profile. Otherwise, you won’t be able to withdraw funds without uploading your ID.
• Supported Coins: Check which coins the exchange offers before opening an account. Some platforms offer more than a thousand coins, while others support a few dozen.
• Trading Markets: Some traders prefer the spot trading markets – as they directly own the coins they buy. Alternatively, you might also want to trade derivatives like perpetual futures or options. These products often support high leverage limits and the ability to go short.
• Security: Another important factor is security. Stick with established no-KYC exchanges with robust safeguards, such as proof of reserves and two-factor authentication. Client funds should be kept in cold storage for additional safety.
• Fees: Before proceeding, check the fee schedule. Explore commissions for your preferred market, such as spot trading or options. Assess fees related to payments and financing.

The Legality and Regulation of No-KYC Exchanges

Many people wonder: ‘Is no KYC legal?’ The absence of legality and regulation can make these platforms more susceptible to risks such as fraud or money laundering. As they usually operate separately from traditional financial systems, users have restricted resources if they lose their funds or face issues.

No-KYC exchanges’ legality varies by jurisdiction. For instance, many countries’ laws require crypto exchanges to implement KYC procedures, as otherwise, they may face legal repercussions, such as fines or even shutdowns.

Can No-KYC Exchange Users Be Tracked by the IRS?

Some exchanges outside US jurisdiction allow users to buy crypto without KYC and may not disclose user data to the IRS. This makes monitoring transactions from these platforms more challenging for the IRS.

However, by following wallet activity, the IRS can use blockchain analysis tools to directly track transactions on the blockchain, even from non-KYC exchanges. Attempting to bypass geographical restrictions on no-KYC exchanges using VPNs or other methods could expose users to legal risks.

Therefore, while users who buy crypto without verification may enjoy a higher level of anonymity, they are not completely shielded from IRS tracking due to blockchain analysis methods and the changing regulatory environment.

How to Buy Crypto Without KYC

It takes minutes to get started with a no-KYC crypto exchange. Here’s a step-by-step walkthrough for beginners:

Are No-KYC Exchanges Safe?

Like any financial platform, there are safe, no-KYC exchanges and those with murky reputations. This is why due diligence and research are so important. For a start, traders should assess when the exchange was launched, where it’s headquartered, and whether it holds any regulatory licenses.

Additionally, evaluate the exchange’s number of registered users and its public domain rating. Standard security tools should also be explored, such as how accounts are protected—whether that’s via two-factor authentication or IP whitelisting. Traders should also stick with exchanges that keep the majority of client tokens in cold wallets.

For an even safer experience, consider using a decentralized exchange like Best Wallet. No account is needed, so there’s no risk of being asked for KYC documents. Moreover, as a decentralized platform, Best Wallet never holds client cryptocurrencies. Instead, after completing a trade, the coins are instantly added to your wallet.

Conclusion

In summary, while most tier-one platforms have ID verification processes – there are still plenty of no-KYC exchanges worth considering. Most offer KYC-free accounts with huge 24-hour limits. So unless you’re a large-scale trader – you shouldn’t face any ID requests.

However, just remember that most exchanges without KYC are located offshore, meaning you won’t have access to domestic investor protections. Make sure you conduct due diligence and research before choosing a platform.

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