Anonymous crypto exchanges have changed huge popularity in recent years. The majority of platforms need an identity verification procedure for AML – Anti-Money Laundering – purposes, which includes a KYC – Know Your Customer – check in accordance with the laws in the country or region where they operate.
These rules have the effect of making clients seek out more anonymous transactions where they can find greater privacy and are less likely to divulge personal information. Fortunately, there are still anonymous cryptocurrency exchanges that provide varying levels of privacy and let users access the market using their cryptocurrency wallet without having to register for anything. In this article, we will take a look at them.
10 Best anonymous cryptocurrency exchanges without KYC verification
This list contains the 10 best anonymous cryptocurrency exchanges without KYC verification to start buying crypto or trading.
One of the best no-KYC cryptocurrency exchanges, Binance accepts all well-known altcoins and enables anonymous trading. You do not need to complete KYC if your daily withdrawal cap is less than 2 BTC. This should not be confused with Binance.us policies.
A cryptocurrency and Bitcoin trading platform called Kraken was founded in the US. One of the few exchanges worldwide that permit US consumers to trade futures with leverage of up to 50 times. The Kraken exchange also provides institutional account management, an OTC desk, and other services.
KuCoin, a global cryptocurrency exchange that was established in 2017, offers its six million members a variety of trading possibilities. These include loans, staking, futures, spot, margin, and peer-to-peer trading. KuCoin asserts to provide the highest level of security and a variety of about 400 coins. Kucoin offers withdrawal limitations of 2 BTC per 24 hours without verification and does not demand ID for trading.
A non-custodial cryptocurrency exchange called Changelly gives its consumers anonymity. With just an email address, you will be able to trade one cryptocurrency for another without having to worry about KYC requirements. However, in order to trade larger quantities or deposit money (the daily limit is 20,000 USD and the monthly limit is 50,000 USD), the platform requires KYC checks.
As a decentralized exchange (DEX) aggregator, 1inch looks for the cheapest exchange rates and transaction fees on the cryptocurrency market. The user just connects their wallet to the 1inch exchange and begins trading while maintaining their anonymity. It might offer better rates than some of the bigger exchanges, depending on the currency pair.
Shapeshift was established in 2014 as a crypto-to-crypto exchange platform that allowed users to easily purchase different cryptocurrencies and trade them against one another. The exchange was not obligated to conduct KYC checks on its users prior to 2018. Even though more and more local governments around the globe started requiring KYC, Shapeshift stayed of the same opinion till now. That’s why it’s considered one of the best anonymous no-KYC crypto exchanges.
Uniswap is a decentralized network protocol-based cryptocurrency exchange. The business that created the Uniswap protocol originally went by the name of Uniswap. Because it strives to provide a straightforward peer-to-peer trading experience, the platform does not request KYC information.
Bybit is a cryptocurrency exchange that does not require users to complete a Know Your Customer (KYC) verification process in order to use its services. This means that users can access the platform and trade cryptocurrencies without providing personal information or identification documents.
Paxful is a peer-to-peer cryptocurrency exchange that was founded in 2015 in New York City. It allows users to buy and sell Bitcoin and other cryptocurrencies using a variety of payment methods. The company has a global presence, with users and sellers from over 200 countries around the world. The platform allows you to remain anonymous unless your country’s legislation requires cryptocurrency exchanges to perform KYC checks on all of their clients to be compliant.
Godex is a private cryptocurrency trading platform that enables users to trade cryptocurrencies quickly and anonymously. More than 200 different currencies, including well-known ones like Bitcoin and Ethereum, are sold and traded by them. The platform does not require registration, login credentials, or personal data verification in order to utilize the exchange.
Buy crypto without verification or identification
Now that we know about the exchanges, let’s take a look at where else is it possible to buy and store cryptocurrencies.
A Finnish crypto exchange that has four account verification Tiers: T0, T1, T2, and T3. T0 accounts, or accounts that have merely completed onboarding, can purchase and sell Bitcoins on LocalBitcoins by responding to user-created adverts.
An entirely anonymous transaction can be made on the decentralized trading platform Bisq. Users can buy crypto assets without a middleman managing their transactions and assets, unlike centralized exchanges. Therefore, Bisq is our top-recommended cryptocurrency exchange if you like this P2P (peer-to-peer) trading strategy. No registration or authorization from any government is necessary. It takes just ten minutes to complete the onboarding process.
StormGain is a cryptocurrency exchange that allows users to trade a variety of digital assets and offers margin trading with leverage of up to 200x, as well as a mobile app that allows users to trade on the go. StormGain was founded in 2019 and is headquartered in London, United Kingdom. Users are able to use their cloud mining function to earn Bitcoin for leveraged trades. Users are able to create an account without the necessity of identity verification.
AAX is a cryptocurrency trading platform that provides over-the-counter, futures, and spot markets. The LSEG Technology utilized by top exchanges like the London Stock Exchange forms the foundation of the AAX matching engine. More than 2 million investors have confidence in it and are pleased with the excellent functioning and user-friendly layout it offers. Additionally, KYC is not required.
It’s a recently launched anonymous crypto exchange that doesn’t require KYC (know your client) and only requires your email address to finish the signup process. They make the case that they stand for the original crypto principles, making it a reliable platform. You can only withdraw Bitcoin from the website, and they only accept Bitcoin as payment (no fiat currency support).
Without having to create an account with any exchange, CoinSwitch enables you to quickly trade more than 300 cryptocurrencies. Additionally, the service enables users to buy Bitcoin using Visa and Mastercard credit cards. Because it has a large selection of cryptocurrencies, is easy to use, and permits fiat exchanges, CoinSwitch is well known. It also doesn’t require KYC.
Another one among anonymous crypto exchanges, Evonax, launched in 2016 and enables rapid exchanges between various cryptocurrencies. A worldwide quick-swap operating exchange that many people use is called Evonax, and it stresses anonymity and security.
Using Fixedfloat, a non-KYC exchange, users can trade cryptocurrencies among themselves. The exchange does not keep your valuables in storage. It offers trading without requiring KYC and is one of the best cryptocurrency exchanges to link your wallet address.
Similar to ordinary ATMs, bitcoin ATMs allow users to purchase (and, in some cases, sell) Bitcoin, Ethereum, Bitcoin Cash, and sometimes other coins. Since they don’t require KYC for small transactions, using them is simpler than opening an account at an exchange.
Many exchanges nowadays can be called anonymous cryptocurrency exchanges as they allow trading without KYC but with significant limits, especially on withdrawals. It’s annoying but it is what it is.
But that’s not the only drawback of crypto exchanges. FTX, once a darling of the cryptocurrency world, crashed due to a lack of liquidity and mismanagement of funds. The question on everyone’s mind is, who is next? Will your favorite exchange be the next to crumble? Only time will tell.
Best No KYC Crypto Exchanges FAQs
What is the best anonymous cryptocurrency exchange?
There are a lot of them. ShapeShift, Uniswap, Kukoin, and Bybit are considered quite good as they guarantee your anonymity. You can find a full list of exchanges without KYC in this article.
Does MetaMask need KYC?
No, it does not. Due to the fact that MetaMask is a non-custodial wallet and you control your own keys, it does not need verification of any sort. MetaMask does not store your cryptographic keys because it does not possess your keys.
Does Coinbase require KYC?
Unfortunately, identity verification is used by Coinbase to adhere to Know Your Customer (KYC) regulations. It involves several steps and serves to prevent the creation and use of fraudulent accounts. If you are looking for a non-KYC exchange, check out other options.
Can I use Binance without KYC verification?
Yes, it is possible. If you want to receive a Binance Debit Card or withdraw more than 2 BTC per day, you will need to pass Know Your Customer. But if your activities are less than that you can totally use Binance without KYC verification.
Can you buy crypto without KYC?
Yes, there are a lot of platforms that allow you to buy crypto anonymously, without passing a verification process. For example, Evonax and CoinSwitch are among the most popular sites to buy crypto or Bitcoin ATMs that don’t require any information from you.
Does Kraken require KYC?
Yes, Kraken takes all necessary precautions to avoid fraud and to fully adhere to KYC and AML requirements for trading cryptocurrency. That’s why you do need to pass the KYC check in order to use Kraken.