Looking for No KYC exchanges?
Top Pick for 2024
Phemex – No KYC Crypto Exchange
Phemex is a top tier exchange with high volume. As of 2024, they offer no KYC account where withdraw limit capped at 50000 USDT/Day.
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| No KYC Exchanges with daily Withdrawal limit | ||
|---|---|---|
| Non-KYC exchanges | Description | No KYC Withdrawal Limit |
| Phemex (Editor’s choice) | If you are looking for a higher withdrawal limit with No KYC, Phemex currently supports that. | 50000 USDT/Day |
| ApeX Pro | No KYC crypto derivative dex | No KYC needed |
| MEXC (Growing Fast) | Top volume exchange that does not require KYC unless you want to withdraw more than 2 BTC in 24 hours. | 2 BTC/Daily |
| Toobit (new kid in the town) | Toobit is a newer Non KYC crypto exchange with higher withdrawal limit per day. | 5 BTC/Day |
| LBANK | A established crypto exchange with lot of crypto pairs and extremely high withdrawal limit for non-KYC users. | 280000 USDT/Daily |
| Binance | A decentralized exchange that supports perpetual trading, margin and spot trading, lending, and borrowing. | 2000 USDT/24h |
| GMX (Decentrazlied exchange) | A perpetual contract trading platform for top cryptocurrencies. | Unlimited |
| KuCoin | In 2024, KuCoin made KYC compulsory | Unlimited |
| Changelly | Another popular crypto swap platform that does not require KYC. | 2 BTC/24h |
| 1Inchexchange | A DEX aggregator that can be used to exchange any amount of ERC20 and supports multiple blockchain. | No limit |
| Orion protocol trade | Anonymously exchange tokens | No limit |
- Are you interested in buying altcoins without getting into the hassle of answering questions?
- Tired of going through the KYC process over and over again on crypto exchanges?
- Are you looking for options to evade the haggling KYC & AML processes?
If you are, you have come to the right place.
I will tell you about a few altcoin exchanges that allow you to trade without going through KYC and AML checks. Not only this, but there are also no withdrawal or deposit limits to stop you from buying/selling bags of altcoins.
Needless to say, this will be the norm once the decentralized exchanges increase their market share, which I think is going to take a while.
Note: Laws on identity verification for crypto exchanges differ by location. Readers must check their local laws before using any exchange, particularly foreign ones without KYC. Users are solely responsible for complying with all applicable regulations when trading cryptocurrencies. This page provides general information only, not legal or financial advice.
Tip: It is better to create a new email account using something like Protonmail, which does not track your activities and use no logs VPN to access these no KYC exchanges more privately.
Until then, we can use these services—some of which are centralized and some of which are decentralized—to avoid KYC and AML checks and protect your privacy.
9 No KYC Exchanges for Crypto
1. Phemex (Anonymous trading)
Phemex is a well-known exchange headquartered in Singapore, as stated on their website. After KuCoin and Bybit made KYC compulsory, traders who prefer a no-KYC exchange are flocking to Phemex.
On Phemex, you have the option to complete KYC only if you wish to withdraw funds in USD. If you are only trading cryptocurrencies, you can continue with a non-KYC account, and your daily withdrawal limit is capped at 50,000 USDT or a similar value of cryptocurrencies.
Features of Phemex
- Competitive trading fees and discounts for high volume traders
- Wide variety of cryptocurrencies available for trading
- Advanced trading features like leverage and derivatives
- High liquidity for popular trading pairs
- Excellent security infrastructure
- Responsive customer support
- Working mobile app for trading crypto
Read a detailed review of Phemex here, and sign using the below link to claim a joining bonus.
2. ApeX Pro – No KYC DEX
Apex Pro stands out as an innovative derivatives exchange that puts traders fully in control of their funds and data. Let’s explore how.
Key Features
- No KYC Needed: Apex Pro does not require any invasive KYC checks or identification documents to start trading. Users can simply connect their wallet and begin trading anonymously in a permissionless manner.
- Non-Custodial: As a true DEX, Apex Pro never takes custody of trader funds. You remain in control of your assets in your own wallet at all times when trading on Apex Pro.
- No VPN Required: Since Apex Pro is fully decentralized, traders from most jurisdictions can use it without the need for a VPN. There are no IP restrictions to access this platform.
- Powerful Trading Features: Apex Pro offers advanced trading capabilities like up to 30x leverage, cross-margining between assets and instant trade settlement.
- Multi-Chain Support: Apex Pro will integrate with top layer 1 and layer 2 chains to make trading seamless across different blockchain networks.
- Social Trading: Traders can execute strategies from top performers on the platform using Apex Pro’s planned social trading features.
Summary
Apex Pro brings a refreshing approach to decentralized derivatives trading by eliminating invasive KYC checks, third-party custody of funds while also providing a feature-rich trading experience. For traders who value privacy, anonymity and retaining control of their assets, Apex Pro is shaping up to be a premier platform for trading crypto perpetual contracts. The exchange enables you to trade freely without cumbersome identity checks or region restrictions.
3. MEXC (High-limit No-KYC exchange)
MEXC has been around for many years, and they have gained a significant user base because of new features and relaxed KYC rules. As a non-KYC user, you can withdraw crypto worth 30 BTC daily, and you can increase the limit to 80 BTC and more by completing the primary KYC.
MEX offers various trading systems for investors and traders. Read MEXC review to learn more about this exchange.
Some of the reasons why MEXC is popular:
- Low trading fees
- The higher withdrawal limit for Non-KYC MEXC account
- Spot, Derivative trading
- Offers an exchange token to lower the trading fees.
- A modern mobile app to trade from smartphones.
- Up to 200X Leverage
4. Toobit
As a lot of top tier exchanges like KuCoin, Bybit and others have made KYC (Know your customer) compulsory, new centralised exchanges are sprouting which are not so strict with KYC rules. If you are looking for a crypto trading platform without KYC, Toobit could be something you can use.
They also let you buy crypto without KYC on the platform, but depending upon your payment method, the payment provider may ask for verification.
Features of Toobit exchange for Non KYC users
- Daily withdrawal up to 5 BTC
- Trade crypto without KYC
- For Buying crypto with fiat, basic verification is required.
- Functional mobile app
The leadership team of Toobit is from Bybit, Huobi and Xioami. Overall, if you are looking for crypto exchange without KYC, Toobit exchange is a good option.
5. LBANK – Trade Crypto without KYC
LBANK is another non KYC high withdrawal limit crypto exchange with friendly user interface. They offer all the features you can expect from a top exchange such as spot trading, futures trading, grid bot and earn program.
Platform is also quite fast in adding new cryptocurrencies and this is what makes LBANK popular among traders and investors. Though, I would suggest always prefer limit order on LBANK, as often you might not find deep liquidity.
None the less, for anyone looking to trade crypto without KYC, LBANK is a great alternative choice.
What’s the daily withdrawal limit of LBANK?
You can withdraw up to 280000 USDT or equivalent value of crypto every 24 hour without having a KYC account.
6. Binance – (Now they need KYC)
Binance is one of the best cryptocurrency exchange that supports all popular Altcoins and let you use the platform anonymously. You don’t need to do KYC if your daily withdrawal limit is no more than 2 BTC.
2024 update: Binance has updated the daily withdrawal limit for no KYC users, and now they allow daily withdrawal of 2000 USDT for users who have done basic verification.
For those looking for more than spot trading, you also get access to Margin and future trading on the same platform.
What is Binance No KYC limit?
It seems like Binance has increased the KYC requirement, and if you have an existing non-KYC account, you can withdraw crypto assets worth up to 2000 USDT daily.
This exchange is registered in Malta and outside the jurisdiction of the USA, China, or other countries that could ask for users’ data.
Note: Binance.com does not offer services to users from the USA. If you are from USA, you should look at Binance alternatives or other anonymous crypto exchanges that I have listed below.
7. KuCoin
Note: KuCoin made KYC compulsory in July 2023.
When it comes to the top No-KYC exchange, KuCoin emerges as a leading solution. It is a centralized exchange that has been around for many years and offers all the bells and whistles you expect from a top exchange.
How to use KuCoin without KYC?
KuCoin was one of the top exchanges that allowed you to use the platform without needing KYC. However, on July 15, 2023, this rule was changed, and now KuCoin has made KYC compulsory. Existing users can withdraw funds from KuCoin without KYC, but if you wish to deposit funds or trade regularly, you need to complete the KYC.
Many users are now turning to Phemex and MEXC exchange as alternatives to the new KuCoin KYC requirement.
You can read my review of KuCoin to learn everything about this growing and established exchange.
8. Bybit
Note: Bybit made KYC compulsory in June 2023.
Bybit is a popular no KYC spot and derivative exchange. You can trade BTC, ETH, XRP, EOS, SUSHI, AAVE and USDT coin. Check out my review of Bybit to learn more about how this no KYC exchange works.
Here are the top features of Bybit exchange –
- Spot trading
- Margin trading
- Earn ( Earn yield on your ideal crypto)
- Perpetual trading
- Meta trader 4 on Bybit
- Crypto loans
Bybit also runs many trading competitions, providing a great opportunity for you to make money with your trading skills.
In recent times, Bybit has added many new tokens, and you can open an account without KYC, with a daily withdrawal limit of 20K USDT and a monthly withdrawal limit of 100K USDT.
9. GMX Exchange – Non KYC DEX
When FTX imploded in 2022, many traders understood the importance of self-custody and migrated to decentralized exchanges. GMX exchange is one such non-KYC exchange that allows you to trade without needing any permission.
To start trading on the GMX exchange, you must be well-versed with self-custodial crypto wallets such as Metamask or Trust Wallet. If you have never used these wallets before, it is advisable to learn about them or continue using other listed centralized no-KYC exchanges.
Here are the features of GMX exchange :
- Available on Arbitrum and Avalanche
- Decentralized Perpetual Exchange
- Supports many popular tokens such as ETH, BTC (WBTC), LINK, UNI , USDT, DAI And a few more
Also, check out GMX referral code to save money on GMX forever.
10. Changelly
Changelly is a centralized Altcoin swapping service, which does not push you to complete the KYC or AML to use its services.
There is no ID verification registration that you need to do to use their services. For enhanced security, you can even use this service with a VPN.
This method, however, requires you to have supporting altcoins like USDT/ETH/XRP/DOGE, etc., to exchange for BTC or any other supporting currency. If you have altcoins, you can buy Bitcoins in seconds with no verification using Changelly.
12. 1InchExchange
1Inchexchange is perhaps one of the best non-KYC exchanges for ERC20 tokens. It is a DEX aggregator that helps you get the best rates from decentralized exchanges like Uniswap, Sushi, and others. If you want to do trading without worrying about KYC, this is the best website for you.
You can connect to 1inchexchange using metamask or any wallet-connected supported crypto wallet.
12. Thorswap
Thorswap is powered by Thorchain, the world’s first Multi-chain DEX that provides an interface to perform cross-chain swaps. What that means for you is that you will be able to exchange Bitcoin for Ethereum permissionlessly and without KYC. Thorchain supports many more chains, making it one of a kind. It has started gaining popularity in 2022-23, and anyone looking for a no-KYC crypto exchange should explore Thorswap.
13. Bisq (aka BitSquare)
BitSquare is a peer-to-peer marketplace for cryptocurrencies like BTC, ETH etc. It is a fully decentralized exchange which requires no name, email ID or verification so there is no question of KYC or AML.
Also, your privacy is secured because it uses Tor and doesn’t hold fiat or bitcoins on its servers or in its account. Currently, it supports 126 cryptocurrencies (including BTC) and is available on Windows, Mac, and Linux platforms. However, the trade volumes are currently low.
The volume at the time of writing on this exchange is 4 BTC with 11 cryptocurrencies/crypto assets pairs listed on it.
Here is an introductory video on Bitsquare:
14. Orion Protocol Trade
The Orion Protocol is a dark pool liquidity provider that also offers a trading terminal where you can anonymously exchange cryptocurrencies. The best part is that you can use your hardware wallet directly on this platform for exchanging.
Learn how to trade on Orion Protocol:
Conclusion: No KYC Exchanges for Crypto
I think not requiring AML and KYC will become more mainstream this year because a lot of decentralized exchanges are in the pipeline, which might put the centralized exchanges under pressure to get rid of the KYC requirements.
Can you buy Crypto without KYC?
The best way to buy Crypto without KYC is using a permission-less swap. However, if you are first time looking to get into crypto without doing KYC, the best solution is via P2P exchanges.
How to buy USDT without KYC?
In 2024, every non-KYC crypto exchanges require you to verify your account before depositing the funds, which is a soft KYC. The best way to get USDT without KYC is through cash-to-peer exchanges. If transacting in cash and crypto is not illegal in your country, you should find another peer who is willing to sell his USDT or cryptos in the form of cash. Further, you can use Rango.exchange to convert those cryptos into USDT.
Here are the P2P sites from where you can find peers who are willing to sell your USDT or cryptos in cash.
Which is the best Crypto trading app with no KYC?
If you are not looking for a higher withdrawal limit, then you can use Phemex exchange without needing KYC. They have a daily limit of 50000 USDT for non-verified accounts respectively, which is good enough for small value traders.
Should I use DEX over centralized exchanges for trading without KYC?
There are new DEXs on layer two scaling solutions like GMX, dydx, and others that can be used for day-trading. However, the fees are not as low as centralized exchanges. This situation worsens when trading on a DEX like Uniswap on Ethereum blockchain, as the ETH Gas fees make it impossible to trade on DEX.
In such cases, you should use a centralized non-KYC exchange. However, if you must not touch a centralized exchange and looking to only invest for the long term, using a decentralized exchange is ok, as they don’t require any kind of KYC. Just to improve your privacy, make sure you use a VPN when interacting with these exchanges.
What are the Changelly KYC limits?
The daily limit is 20,000 USD, and the monthly limit is 50,000 USD. Please note that the daily and monthly limits include all fees.
Does Metamask need KYC?
No, Metamask does not need KYC.
Which are no KYC Bitcoin exchanges?
You can use Phemex exchange or MEXC to buy a small amount of Bitcoin without KYC. However the bank processor might ask you for your IDs fo adding funds to these exchanges.
Can I withdraw from KuCoin without KYC?
KuCoin made KYC compulsory, and yes, you can withdraw funds from KuCoin without KYC.
Why crypto traders prefer Non KYC exchanges?
There are multiple reasons for using an exchange without KYC. Some of them are:
Many users don’t trust 3rd party exchanges without their private data
A lot of users live in suppressed economy and Geo, and such exchanges help them avoid reporting it to authorities.
Many users to hide proceeds from creditors, employees, or spouses
Also, having AML and KYC goes against the basic tenets of decentralized currencies, which is why we are witnessing the unprecedented development of decentralized infrastructure, which puts privacy at the forefront. Also, there are newer crypto exchanges which have reluctant KYC norms, but as they become bigger, to avoid fraudulent activities or money laundering, many of them make KYC compulsory.
Here at CoinSutra, we do try to bring the updated list of Non-KYC exchanges, and we update the info as the rules and regulations changes. Do note that, none of these exchanges are for mixing or money-laundering activities, and we do not promote the same. If you are indulging into any of such activities, depending upon your jurisdictions, there could be legal consequences.
Well, that is all from my side.
Now it is time to hear from you: If you know more about altcoin and cryptocurrency services that don’t require AML & KYC, share it with us in the comment section below.
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