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In this article, we explore the 10 Best No KYC Crypto Exchanges in 2024. Due to several reasons, cryptocurrency investors are on the lookout for exchanges that do not require KYC verification for basic and advanced crypto investment operations. Following the regulatory enforcements on cryptocurrency exchange, the number of cryptocurrency exchanges that allow users to access services on their platforms without KYC is reducing.
To assist investors, we researched some cryptocurrency exchanges with no or loose KYC policies.
| Exchange | No KYC limits | Regional restrictions | Trading Fees | |
|---|---|---|---|---|
| Limited Daily Withdrawals | US, North Korea, Russia and More | 0.02% to 0.1% | Visit | |
| Limits on withdrawals and Promotional events | Not available in the US, China, Canada and others | 0.08% to 0.16% | Visit | |
| No Limits | United States, China, Cuba and More | 0.02% to 0.05% | Visit | |
| No Limits | Iran, Cuba, Belarus, and others | 0.3% | Visit | |
| Limited daily withdrawals | The US, Canada, Algeria, and others are restricted | 0.05% | Visit | |
| Limited daily withdrawals | North Korea, Venezuela, the US, and others are restricted | 0.2% | Visit | |
| Restrictions to participation in promotional events, Daily withdrawal limits | United States, United Kingdom, Canada, and others are restricted | 0.01% to 0.1% | Visit | |
| Limited daily withdrawals | North Korea, Palau, Rwanda, and others are restricted | 0.02% to 0.04% | Visit | |
| Limited daily and monthly withdrawals, Limited access to trading services. | Countries like Cuba, The US, North Korea, and others are restricted | 0.1% | Visit | |
| No limits for non-verified users | Japan, China, The US, and others are restricted | Up to 4.95% | Visit |
No-KYC cryptocurrency exchanges enable traders to perform basic operations on the platform without identity verification. Here, we take a look at some notable non-KYC exchanges that you can use for your routine cryptocurrency transactions;
Lbank is a no KYC crypto financial service provider available in over 100 countries worldwide based in the British Virgin Islands. The platform enables users to trade over 600 cryptocurrencies on its spot and derivatives trading platform without completing the KYC verification process. Lbank offers low trading fees for derivative and spot trading with fees as low as 0.02% for makers on the futures trading platform. Over 20 Fiat currencies are supported on the platform. Verified and non-verified users in no KYC regions can use several buy crypto on the platform using their traditional banking services through on-ramp trading services.
Lbank allows non-verified users to withdraw up to 10 BTC worth of crypto assets daily provided they set up authentication security on their accounts. LBank allows up to 125X leverage for no KYC crypto users and places no limits on crypto deposits. Lbank is sufficiently liquid with an average of $1.4 Billion worth of crypto assets traded on the platform daily. Users in regions such as Canada are however required to complete their KYC exchange verification before using the platform. LBank is also not available in several regions including Iran, Iraq, the United States, and more. Unlike most exchanges, a 24/7 customer service facility is available for verified and non-verified users.
Lbank is a low fee crypto exchange and a solid choice for usual and advanced trading operations like Day trading.
Non-verified users on LBank can only withdraw up to 10 BTC worth of crypto assets daily. There are no withdrawal limits for verified users.
| Fees | 0.02% to 0.1% |
| Regional Restrictions | Not Available in the US, North Korea, Russia and More |
| Minimum Deposit | No Minimum deposits |
| Deposit Limits | No Limits |
| Withdrawal Limits | 10 BTC per day |
CoinEX is no KYC custodial exchange for spot and derivative trading of Bitcoin, Ethereum, and over 1,000 other trading pairs. CoinEX enables advanced trading operations for users who are yet to complete their KYC verification process. CoinEX is available in over 120 countries worldwide and offers no KYC crypto financial services in these regions. Non-verified users can trade spots and use up to 10X leverage on the CoinEX futures trading platform. Over 100 crypto assets are supported on the futures trading platform. CoinEX is significantly liquid with a recorded average of $140 Million worth of cryptocurrencies traded on the platform daily, it is also a good choice for day trading.
While non-verified users have access to almost every service on the platform,with a daily withdrawal limit of 10,000 USD worth of crypto assets and a maximum of 50,000 worth of crypto assets in 30 days. Selected promotional events are also not available for non-verified users. CoinEX’s spot trading fees are as low as 0.08% for VIP users and 0.16% for normal users. CoinEX is not available for cryptocurrency investors in the United States, China, and Canada. A 24/7 support facility is available for verified and non-verified users. Users can also access all trading pairs on the go using the CoinEX mobile application
| Fees | 0.08% to 0.16% |
| Regional Restrictions | Not available in the US, China, Canada and others |
| Minimum Deposit | No minimum deposits |
| Deposit Limits | Not limited |
| Withdrawal Limits | 10,000 USD worth of crypto daily |
DyDX is a decentralized perpetuals trading platform on the Ethereum blockchain. As a non-custodial trading platform, DyDx does not require users to complete identity verification to use the platform. Users simply need to connect their wallets to the platform to access the perpetual trading platform. DyDx operates a permissionless vault on which trading liquidity and earnings from profitable trades are paid out. Traders also earn passive income in DyDx for trading on the platform, liquidity providers earn from trading fees, and extra DyDx token rewards. DyDX users also govern the platform through a DAO.
These operations do not require KYC process. DyDx is however not available for investors in the US, China, Cuba, and more. Fees for trading on the platform are as low as 0.02% of the traded amount.
DyDx is sufficiently liquid TVL on the platform is over $370 Million and an average of $230 Million worth of perpetual trades are executed on the platform daily. Users can also trade crypto perpetuals on the go using the DyDx mobile application available for Android and iOS devices.
DyDx is a decentralized exchange, KYC is not generally required and no limits are placed on non-verified users.
| Fees | 0.02% to 0.05% |
| Regional Restrictions | United States, China, Cuba and More |
| Minimum Deposit | No limits |
| Deposit Limits | No Limits |
| Withdrawal Limits | No Limits |
Uniswap is a multichain decentralized exchange deployed first on the Ethereum blockchain and then to other EVM networks and Ethereum layer-2 networks. Uniswap is a permissionless, non-custodial crypto trading platform powered by AMM technology. Users are not required to perform KYC verification of any sort. Users from supported regions can simply connect their wallets to the network and perform operations like instant cryptocurrency swaps and liquidity provision. Anyone can create a liquidity pool and enable trading of any crypto asset pair, provided they are deployed on the same network as the exchange. Uniswap charges 0.3% of the traded amount as trading fee. This fee is split into liquidity provider rewards and platform fees. Liquidity providers commit their assets to selected liquidity pools, these assets are used to serve trade requests.
Uniswap is governed by the community via a DAO. These operations do not require KYC verifications. No limits are placed on users’ activity. Uniswap is available in over 200 countries worldwide, however, countries like Iran, Cuba, Belarus, and others are restricted. Uniswap is one of the most liquid decentralized exchanges, over $4 Billion worth of crypto assets are locked in liquidity pools on the platform. Moreover, it is an anonymous crypto exchange that does not require any registration.
As a decentralized exchange, KYC is not generally required and no limits are placed on non-verified Uniswap Exchange users.
| Fees | 0.3% |
| Regional Restrictions | Iran, Cuba, Belarus, and others. |
| Minimum Deposit | No Limits |
| Deposit Limits | No Limits |
| Withdrawal Limits | No Limits |
PrimeXBT is a no KYC derivatives trading platform based in Seychelles. Users on the platform can trade CFDs (Contract for Difference) for cryptocurrencies and Fiat currencies. PrimeXBT requires no prior verification to start using the platform, however, new users may be unable to access their accounts immediately after registering if they don’t complete their KYC verification. KYC verification removes the 24-hour limit on new accounts. Non-verified users on the platform are able to access every service on the platform, however, they are only limited to a daily withdrawal of $20,000 worth of assets maximum. Non-verified users can also be restricted from the weekly contests on the platform.
Prime allows up to 200X leverage for crypto futures and is one of the best crypto futures trading platforms. As a top Copy trading platform, PrimeXBT users can automatically set their trading according other experienced traders on the exchange. . Users are also able to fund their accounts via their traditional banking institutions through on-ramp trading services available on the platform.
PrimeXBT is available in over 100 countries across several continents, however, traders from countries like the United States, Canada, Algeria, and others are restricted from the platform. Fees for trading on the platform are as low as 0.05% for supported crypto assets. About 37 crypto pairs are tradable on the platform. PrimeXBT is considerably liquid, daily trading volume on the platform is over $240 Million. Users can also trade crypto derivates on the go via the PrimeXBT mobile application available for Android and iOS devices. A 24/7 support system is also available for every user.
| Fees | 0.5% |
| Regional Restrictions | The US, Canada, Algeria, and others are restricted |
| Minimum Deposit | No Minimum deposits |
| Deposit Limits | No Deposit limits |
| Withdrawal Limits | Maximum of $20,000 worth daily |
Probit is a custodial crypto trading platform based in Seychelles. Probit is one of the best crypto exchanges offering spot trading services for crypto assets. Over 800 cryptocurrencies are supported on the platform. Probit is a no KYC trading platform, users are not required to complete their KYC verification to access basic services on the platform.
Non-verified users are however limited to daily withdrawals of $5,000 maximum. Fees on the platform could be as high as 0.2% of the traded amount discount could apply if users pay in the Probit token. Probit is available in over 100 countries worldwide, but traders from regions like the United States, North Korea, Venezuela, and others are restricted.
Probit is a considerably liquid platform, reported daily trading volume is at an average of $200 Million. Derivatives trading is not available on the platform but Probit offers additional financial services including crypto staking and IEOs. Users can trade cryptocurrencies supported on the platform ‘on the go’ using the Probit mobile application available for Android and iOS.
Non-KYC verified users can only withdraw a maximum of $5,000 worth of crypto assets daily.
| Fees | 0.2% |
| Regional Restrictions | North Korea, Venezuela, the US, and others are restricted. |
| Minimum Deposit | No minimum deposit |
| Deposit Limits | No deposit limits |
| Withdrawal Limits | Maximum of $5,000 worth of crypto assets daily |
Phemex is a custodial cryptocurrency exchange based in Singapore amd is one of the best crypto exchanges without KYC. It offers spot and derivatives trading services for over 250 crypto assets. KYC process is not required to use the platform, even though this is recommended. Non-verified users are able to access basic services on the platform, however, a daily withdrawal limit of $50,000 applies. Non-verified users can also be restricted from participating in promotional events.
On the Phemex exchange, users can purchase crypto with fiat through on-ramp trading services, but the platform doesn’t support crypto-fiat pairs. Phemex’s futures trading platform allows up to 100X leverage. It charges up to 0.1% of the traded volume on the spot trading platform. Fees on the derivates trading platform are as low as 0.01%.
Phemex is available in over 100 countries worldwide. However, traders from regions like the United States, The United Kingdom, and Canada are restricted.
| Fees | 0.01% to 0.1% |
| Regional Restrictions | United States, United Kingdom, Canada, and others are restricted |
| Minimum Deposit | No minimum deposits |
| Deposit Limits | No Deposit limits |
| Withdrawal Limits | Withdrawal is capped at $50,000 for non-verified users |
KCEX is a custodial crypto trading platform established in 2021 and registered in Seychelles. KCEX is a no KYC trading platform. Users are able to access crypto spot and derivatives trading services on the platform without completing their KYC process. However, limits are placed on the daily withdrawals and access to platform rewards, including welcome bonuses. KCEX is a sufficiently liquid exchange. reported daily trading volume is over $1 Billion.
KCEX supports over 300 crypto assets in its spot and futures trading platforms. Trading fees are also considerably low, users pay 0.2% to 0.04% of the traded amount. It also offers a high leverage allowance, users can use up to 200X leverage. KCEX is available in over 100 countries worldwide, however, traders from regions like North Korea, Palau, Rwanda, and others are restricted from using the platform. Users can on the go via the KCEX mobile application.
| Fees | 0.02% to 0.04% |
| Regional Restrictions | North Korea, Palau, Rwanda, and others are restricted |
| Minimum Deposit | No minimum deposits |
| Deposit Limits | No deposit limits |
| Withdrawal Limits | Withdrawal limits are placed on non-verified users. |
Changelly is a no KYC custodial crypto financial service platform that offers direct cryptocurrency swaps to users in over 100 countries worldwide. Changelly’s KYC structure is tiered. Users who are yet to complete their KYC verification are placed on the starter plans. Non-verified users have access to direct crypto swap services and can easily exchange their crypto on the platform. However, they are limited to a daily withdrawal of only 1 BTC worth of crypto assets and a monthly withdrawal of 5 BTC. Non-verified users are also unable to access the margin trading services on the Changelly PRO platform.
Changelly charges up to 0.1% of the traded amount in trading fees. the direct swap service connects to partner crypto exchanges via API to enable one-way exchange of crypto assets. The Changelly PRO platform is designed for more advanced trading operations. Changelly Pro is considerably liquid, over $100 Million worth of crypto assets are traded on the platform daily. Changelly restricts traders from countries like The United States, North Korea, Cuba, and others.
| Fees | 0.1% |
| Regional Restrictions | Countries like Cuba, The US, North Korea, and others are restricted |
| Minimum Deposit | No Minimum deposits |
| Deposit Limits | No Deposit limits |
| Withdrawal Limits | Maximum of 1 BTC worth of assets daily |
SimpleSwap is a plain non-custodial (but centralized) crypto exchange platform for the direct swap of crypto assets and fiat currencies. SimpleSwap supports over 200 cryptocurrencies including Bitcoin and Ethereum. The platform enables users to swap these assets directly with other supported assets and fiat. KYC connects to top crypto exchanges and executes trade requests via API. KYC verification is generally not a requirement to use the platform, no tangible restrictions are placed on users who are yet to verify their identity. Simpleswap is available in over 100 countries worldwide, however, traders from Japan, China, The US, and others are restricted.
Fees charged for operations on the platform vary according to the asset swapped. Fees for fiat transactions could be up to 4.95% of the swapped amount. Crypto network fees also apply to crypto transactions. Users can swap cryptocurrencies on the go using the SimpleSwap mobile application available for Android and iOS devices. A 24/7 customer support service is also available.
As a direct crypto swap platform, no significant limits are placed on non-verified users.
| Fees | Up to 4.95% |
| Regional Restrictions | Japan, China, The US, and others are restricted |
| Minimum Deposit | No deposits required |
| Deposit Limits | No deposit limits |
| Withdrawal Limits | No Withdrawal limits |
No KYC crypto exchanges are centralized exchanges or non-custodial crypto financial service provider that does not require customers to undergo a complete KYC (Know Your Customer) verification process before they are able to access basic services on the platform. KYC exchanges require the provision of personal documents and other authentication processes that confirm the identity and genuineness of users. This is usually required to ensure compliance on the platform. Non KYC exchanges exclude this operation for the whole or selected services on their platforms.
There are several reasons why a cryptocurrency investor might opt for a no-KYC crypto exchange to buy crypto without KYC. Some of these reasons include;
Non KYC exchanges save cryptocurrency investors the time consumed by implemented KYC procedures. Traders can simply create accounts on custodial no KYC exchanges and start trading cryptocurrencies without being held up by the KYC processes.
On non-custodial non KYC exchanges, users don’t even need to create an account. This further simplifies the user’s journey to trading a desired crypto asset. This is even more relevant in cases where traders rush to catch a temporal market momentum.
KYC exchanges require users to provide several personal documents. Exchanges stay in possession of these documents and can release them to third parties. In case of data breaches, this information can be accessed by an attacker and used in fraudulent schemes like SIM swap attacks. By completing a KYC procedures, crypto traders also give away their rights to a private financial operation as long as they interact with the exchange. No-KYC crypto exchanges salvage users’ data privacy and security.
KYC is mainly a regulatory compliance process and enables exchanges to ascertain the genuineness of their customers. However, in cases where a trader simply wishes to run a quick trade on a new exchange, this process could be a major source of delay and sometimes a complete barrier. No KYC exchanges lower the barrier to participating in basic cryptocurrency trading operations by allowing users to buy crypto without KYC and without identity verification. This opens the door to participation for traders who are unable to verify their identity at that point in time or who do not wish to verify their identity at all. For this reason, non KYC exchanges are quite popular as crypto exchanges for beginners.
Here are some of the risks that could be associated with no-KYC crypto exchanges
Every custodial crypto exchange has security risks, however, a no-KYC policy could add an additional layer of insecurity to a crypto exchange platform. Due to the non-identification of users, non KYC exchanges can be used for fraudulent transactions like money laundry. The perpetrator finds it easier to escape forensics as the crypto exchange does not hold any relevant data for tracking them.
KYC policies are part of the global drive for ‘safer’ financial operations. Central governments in geographic regions enforce these policies on custodial cryptocurrency exchanges. Non KYC exchanges run a risk of non-compliance and could be implicated in regulatory crackdowns. In this case, users’ funds might also be at risk as part of the penalty procedure for the defaulting exchange. It is therefore advised that traders apply caution while interacting with non KYC exchanges; as well as any crypto exchange. As a recommended practice, only hold funds for immediate trading on custodial exchanges. This is also why some of the best crypto exchanges have some of the strictest KYC processes.
Uniswap and DyDx are some of the best non-custodial no KYC crypto exchanges. Uniswap is an AMM-powered Dex on the Ethereum blockchain and several other EVM networks. DyDx is a decentralized perpetual crypto exchange on the Ethereum blockchain. Both crypto exchanges do not require KYC process for basic and advanced trading operations. Centralized crypto exchanges like Phemex, LBank, and CoinEX are also a solid choice for traders in search of a no-KYC centralized exchange.
Before you create an account or start trading on non KYC crypto exchanges, there are a few factors to look out for, they include;
While some exchanges do not enforce the KYC policy generally, the no-KYC privileges are usually limited. Usual limits include limits on crypto and fiat withdrawals and Fiat deposits. Non KYC Exchanges can also place restrictions on accessible financial services, for instance, Non-verified users could be limited to spot trading only. KYC exchanges like Kucoin only allow non-verified users to SELL. Users must be verified to make crypto purchases. Ascertain the no-KYC limits on the exchange you wish to use and ensure that this aligns with your trading plans.
Verify the security practices of the exchange and how the no KYC policy affects their compliance with regulatory specifications. Especially for the exchanges operating in your region. Ensure that you use an exchange that conforms to the financial rules of your region, and evaluate the fund and user security practices of the platform.
Also, consider the assets tradable on the platform and the available financial services. Ensure that the no-KYC exchange supports the assets you wish to trade and offers basic services like spot and Derivative trading and any other additional financial services that apply to you.
To avoid significant slippages on the non KYC exchange it is also recommended that you evaluate the liquidity on the platform. Parameters like daily trading volume and the spread between order levels in the order book are good measures of liquidity. Evaluate these parameters as they apply to you before creating an account or transferring funds to the exchange platform.
In the course of this article, we reviewed notable no KYC exchanges where cryptocurrency investors can perform basic and (as the case may be) advanced cryptocurrency trading operations. It is, however, important to note the need for proper verification as they help most centralized exchanges with regulatory compliance and mitigate fraud in any case. Even as a trader, using a KYC exchange could also come in handy in case you are a victim of fraud.
Regardless, non-KYC exchanges, especially decentralized exchanges are vital for investors who care most about the privacy of their operations. While interacting with a non KYC exchange and any cryptocurrency exchange, it is recommended that you verify the fund and user security practices of such platforms to reduce the risk of running into unfortunate events.
The safety level of Non-KYC crypto exchanges is not certain. This could vary for different centralized exchanges. Before using non-KYC crypto exchanges, it is advised to inquire about their fund security practices, past user experiences, and fund custody verification facilities like the platform’s Proof of Reserves (POR). Non-KYC decentralized crypto exchanges are mostly safe, however, ensure that you are interacting with the correct platform.
coinpress prepared a review methodology to rate crypto exchanges, tools, and apps. We curated a list of metrics to evaluate crypto platforms based on their services, user experience, security and customer support, payment gateways and charges, pricing and promotions. Visit our Review Methodology page to learn more about how we review each crypto platform.
This content is purely for educational purposes and should not be considered as financial advice. Do your own research before investing in any crypto platform and only invest the amount you can afford to lose.
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