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17 Best No KYC Crypto Exchanges: Top Choices in 2024

22 mins
Updated by Maria Petrova
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Non-KYC crypto exchanges offer users the ability to buy, sell, and trade cryptos without undergoing identity verification processes. This unique feature has made them particularly appealing to individuals who prioritize their privacy and seek to anonymous crypto trading.

Here’s our top selection of crypto exchanges without KYC that will help preserve your anonymity when trading cryptocurrency in 2024.

What is KYC?

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KYC stands for Know Your Customer. It is a process performed by financial services that handle fiat payments from their customers. Crypto businesses, known as VASPs (Virtual Asset Service Providers), have to verify the identities of their clients during the onboarding process or occasional transactions. This is done as part of the due diligence process and to ensure compliance with regulations, particularly anti-money laundering (AML) regulations.

During onboarding, clients must provide certain minimum information, including their full name, residential address, and date of birth. The platform then compares this information to the government-issued documents submitted by the client. Depending on the jurisdiction, the platform may request additional personal data such as place of birth, nationality, tax code, wallet addresses, and transaction hashes.

Many crypto services rely on specialized third-party solutions to conduct the KYC process. While KYC is a great tool for helping with money laundering, it also affects everyday users who wish to preserve their anonymity.

This Chainalysis crime report demonstrates the scale of the problem of criminality in crypto — the other side of the coin when it comes to KYC.

no kyx exchanges chainalysis
Crypto value received by illicit addresses: Chainalysis

It’s not unexpected to see these trends. As anticipated, the total volume of transactions decreased following the start of the bear market, and as previously illustrated, the volume of illicit transactions experienced a slight increase. This pattern was first observed in August when it was noted that legitimate transaction volumes were diminishing at a quicker rate compared to illicit volumes.

Can’t bypass the KYC verification? If privacy is your main concern, you can also use a crypto mixer to regain privacy for your crypto funds. 

What are the best no-KYC crypto exchanges?

1. StealthEX

Best for exchange rate
Availability
Global
Supported assets
1,500+
Withdrawal limit
N/A
Trading fee
Varies

2. BingX

Best for copy trading
Availability
E.U. & 100

Supported assets
BTC & 500+
Withdrawal limit
50,000 USDT/ 24h
Trading fee
0.05% – 0.2%

3. BloFin

Best for derivatives trading
Availability
130+ countries
Supported assets
320 (perps) & 129 (spot)
Withdrawal limit
No limit
Trading fee
0.02% (maker) & 0.06% (taker)

4. CoinEx

Best for wallet
Availability
E.U., S.I.C., and 100+
Supported assets
BTC, ETH, and 700+
Withdrawal limit
$1M / 24h
Trading fee
0.08%-0.2%

5. ProBit Global

Best for trading fees discounts
Availability
190+ countries
Supported assets
BTC, ETH and 800+
Withdrawal limit
$5,000 / day
Trading fee
0.03%-0.2%
Availability
E.U. &150+



Supported assets
BTC & 40+

Withdrawal limit
No limit
Trading fee
0.1% to 0.3% maker/taker fees

7. dYdX

Best overall decentralized exchange
Availability
Global




Supported assets
BTC & 37+

Withdrawal limit
$200,000
Trading fee
0

8. Kraken

Best for beginners
Availability
U.S. &150+
Supported assets
BTC & 220+
Withdrawal limit
$5,000
Trading fee
0.16% maker / 0.26% taker

9. Margex

Best for fees
Availability
Everywhere except U.S. and U.S. sanctioned countries
Supported assets
39
Withdrawal limit
No
Trading fee
0.019% to 0.06% maker/taker

10. MEXC

Best for altcoin trading
Availability
U.S. & 150+


Supported assets
BTC & 1600+

Withdrawal limit
5 BTC / 24h
Trading fee
0.2%

11. Apex

Best for security
Availability
Global

Supported assets
BTC & 15+
Withdrawal limit
No limit
Trading fee
0.02% maker / 0.05% taker

12. PancakeSwap

Best for BNB users
Availability
100+




Supported assets
1000+

Withdrawal limit
N/A
Trading fee
0.01%-0.25%

13. Gate.IO

Best for novice traders
Availability
E.U. & 180+





Supported assets
BTC & 1700+

Withdrawal limit
$100,000
Trading fee
0.2%

14. Changelly

Best for mobile app
Availability
EU & 150+
Supported assets
BTC & 500+
Withdrawal limit
no limit
Trading fee
0.25%

15. ChangeNOW

Best for reliability
Availability
E.U. & 100+





Supported assets
BTC & 400+


Withdrawal limit
No limit
Trading fee
0.5% to 4%

16. Bisq

Best for peer to peer trades
Availability
Global




Supported assets
BTC & 500+


Withdrawal limit
0.01 BTC/first month
Trading fee
0.65%

17. Bitfinex

Best for professional traders
Availability
E.U. & 180+





Supported assets
BTC & 190+


Withdrawal limit
No limit
Trading fee
0.1% maker 0.2 % taker
ExchangeAvailabilityAssetsFeesEverywhere except U.S. and U.S.-sanctioned countriesWebsite
StealthexGlobal1,500VariesAndroidwww.stealthex.io
BydfiE.U. &150+BTC & 40+0.1% to 0.3% maker/taker feesAndroid & iOSwww.bydfi.com
BloFin130+19 (spot) & 300 perpetual contracts0.1% (spot),
0.02 (maker) & 0.06% (taker) futures
Android & iOSwww.blofin.com
CoinExE.U., S.I.C., and 100+BTC, ETH, and 700+0.08%-0.2%Android & iOSwww.coinex.com
ProBit Global190+BTC, ETH & 800+0.03-0.02%Android & iOSwww.probit.com
BingXE.U. & 100BTC & 500+0.05% – 0.2%Android & iOSwww.bingx.com
dYdXGlobal (limited)BTC & 37+0iOSwww.dydx.exchange
Kraken U.S. &150+BTC & 220+0.16% maker / 0.26% takerAndroid & iOSwww.kraken.com
MargexEverywhere except U.S. and U.S. sanctioned countries390.019% to 0.06% maker/takerAndroid & iOSwww.margex.com
ChangellyEU & 150+BTC & 500+0.25%Android & iOSwww.changelly.com
ApeXGlobalBTC & 15+0.02% maker / 0.05% takerAndroid & iOSwww.apex.exchange
MEXCU.S. & 150+BTC & 1600+0.2%Android & iOSwww.mexc.com
Pancakeswap100+1000+0.01%-0.25%Android & iOSpancakeswap.finance
Gate.ioE.U. & 180+BTC & 1700+0.2%Android & iOSwww.gate.io
ChangeNOWE.U. & 100+BTC & 400+0.5% to 4%Android & iOSwww.changenow.io
BisqGlobalBTC & 500+0.65%Android & iOSwww.bisq.network
BitfinexE.U. & 180+BTC & 190+0.1% maker 0.2 % takerAndroid & iOSwww.bitfinex.com

Why use a non-KYC crypto exchange?

This listicle demonstrates ways to buy cryptocurrencies without undergoing Know Your Customer (KYC) verification. No-KYC crypto exchanges connect buyers and sellers directly, operating on a peer-to-peer basis without the need for intermediaries or centralized authorities.

Furthermore, transactions can often involve using crypto wallets, enhancing privacy and security for users who prefer anonymous crypto trading while participating in the cryptocurrency market.

This inclusivity opens up opportunities for users worldwide, including countries with restrictive regulations or limited access to traditional financial services.

However, it’s important to note that while no identity verification exchanges provide certain advantages, users should also consider the potential risks involved. These exchanges may have lower security standards and increased vulnerability to illicit activities. Therefore, individuals must exercise caution, conduct thorough research, and implement additional security measures to safeguard their funds and personal information.

Is there a way to buy crypto without KYC?

Deepfake AI, Tencent artificial Intelligence China

As demonstrated in this listicle, there are ways to buy cryptocurrencies without undergoing Know Your Customer (KYC) verification. These no-KYC top crypto exchanges typically operate on a peer-to-peer basis, connecting buyers and sellers directly without the need for intermediaries or centralized authorities. Additionally, you can buy Bitcoin anonymously through some of these platforms, further enhancing privacy.

For users seeking anonymity while partaking in the cryptocurrency market, transactions can often be conducted using anonymous crypto wallets. This approach enhances privacy and security by concealing the user’s identity and details from third parties.

No identity verification exchanges provide a solution for individuals who prioritize privacy and want to trade cryptocurrencies without disclosing personal information. Platforms like Tornado Cash enhance this privacy by enabling further anonymization of transactions. Additionally, the Railgun network employs advanced cryptographic strategies to ensure user anonymity within DeFi applications. Users can maintain anonymity and keep their personal data secure using decentralized exchanges (DEX).

In addition to non-KYC exchanges, there are also peer-to-peer trading platforms. These P2P platforms allow users to interact directly with other individuals to buy or sell cryptocurrencies without KYC verification. These platforms facilitate secure transactions between parties and often offer various payment options to accommodate different preferences. It’s important to note that while non-KYC options provide privacy advantages, users should still exercise caution.

How to pick a no-KYC exchange

SushiSwap, Sushi, DeFi, Uniswap SEC

Now that you know some of the best no-KYC exchanges on the market, you will need a way to choose the right exchange. Here are a few strategies to find the cream of the crop among crypto exchanges that don’t require KYC. 

Additionally, anonymous crypto wallets can significantly enhance your privacy and security when transacting on these platforms. This extra step ensures that, beyond choosing a suitable exchange, your assets are kept in wallets that prioritize remaining unidentified.

“Pros of No KYC include privacy, as your personal information isn’t shared with exchanges; faster access, with no waiting for verification; unrestricted access, free from geographic restrictions; and decentralization, staying true to Bitcoin’s principles. Use cases include protecting financial privacy, trading quickly and anonymously, navigating strict regulations, and supporting Bitcoin’s principles.”


@Thebitcoinway_: X

Here are the factors to consider:

1. Geographical restrictions

You should always check to see if the exchange is available in your region or jurisdiction. This will determine if you can use it at all. You should also stay wary of any local laws governing the use of no-KYC exchanges.

2. Reputation

An exchange’s reputation, regardless of KYC status, will always play a significant role in choosing whether or not you should use it. Naturally, a bad reputation means that you should avoid the exchange.

However, a bad reputation can mean a lot of things, such as:

  • Multiple hacks
  • Arbitrary account closures
  • Too many bad customer reviews
  • Market manipulation

In this scenario, your best bet is to scour social media, forums, and customer review websites to get the most accurate reputation of the exchange.

3. Security

Unizen hack, Unizen exploit, $2M Unizen hack

Security is often a broadly interpreted term. In general, you need assurance that your data is not collected, your funds are safe, and your account is safe.

This means good encryption methods; the majority of the assets remain in cold storage, account protections, and protocols for handling customers’ funds. What helps give customers the assurance of safety is the transparency of these methods.

Search for any information on 2FA or multi-factor authentication. Is the platform self-custody, or does it use a web3 security company? Does the platform have crime insurance, and what are the privacy policies? These are all key considerations.

4. Liquidity and asset support

It should go without saying, but you will naturally want an exchange with deep liquidity. Using an exchange where you can’t get in or out of positions as you please wouldn’t make much sense. Secondly, you will probably want a good selection of altcoins to purchase. Naturally, when you see a token you like, or that has potential, you will want to grab it before most people catch on.

On the other hand, you may want to trade derivatives like crypto options, futures, or perpetuals. In this case, you will need both good liquidity and asset support for trading pairs. Some centralized exchanges will have liquidity providers to ensure that you are able to trade with ease. In this case, you may also want to remain aware of the low-fee crypto exchanges.

5. Customer support

Finally, excellent customer service is essential for any business. Ensure that the exchange provides prompt and helpful support. Look for services like a chatbot, customer help center, email, or phone support where you can interact with a real person.

This aspect becomes even more critical for a no-KYC exchange since customers typically have fewer assurances than they would with a KYC exchange. Effective customer service, combined with transparency, is key to preventing customers from feeling left out of the loop.

What’s the best no-KYC crypto exchange for you?

From the platforms we have listed, Bisq stands out as a decentralized exchange that offers increased privacy. ChangeNOW is a versatile platform with a wide range of cryptocurrencies. Gate.io is known for its extensive selection of cryptos. These are a few examples of crypto exchanges that don’t require KYC.

Additionally, dYdX offers a decentralized trading experience for professional traders who want to unlock features such as margin trading. For beginners and altcoin traders, the MEXC crypto exchange provides a comprehensive trading platform with advanced features and a large selection of cryptocurrencies at competitive fees. Whether you’re a seasoned trader or just starting, finding the right exchange is crucial to steering the crypto market successfully. But ultimately, the best exchange for you depends on your specific requirements and preferences. Always review the terms and policies of any exchange before you register to ensure they align with your needs.

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Iulia Vasile
Iulia Vasile is a seasoned professional in the cryptocurrency and blockchain industry, working full-time in the field since 2017. With a background in computer engineering, she has the unique ability to write about complicated topics, including DeFi, NFTs, trading, and AI, in a way that is easy to understand. Iulia learned multiple programming languages while completing her Software Engineering degree in Bucharest at Politehnica University. Iulia brings her expertise and personal...
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