We have analyzed over 30 No KYC crypto exchanges to compile the top 6 options for crypto traders wishing to stay anonymous.
If you prefer to maintain your anonymity and avoid the hassle of KYC verification, there are some non-KYC crypto exchanges available. That means you can trade cryptos anonymously without having to verify your identity. Although these exchanges may have daily limitations, they offer the ease of trading or withdrawing without KYC requirements.
Best No KYC Crypto exchanges Reviewed
Below, we will discuss the 6 best no KYC crypto exchanges, highlighting their pros and cons, fee structures, deposit methods, withdrawal limits, and overall service. So, let’s dive in and learn where to trade crypto anonymously without KYC verification process.
- Bitunix – Best no-KYC crypto exchange overall
- BingX – Best no-KYC crypto exchange alternative
- Phemex – Beginner-friendly no-KYC exchange
- Blofin – No-KYC exchange with deep liquidity
- Hyperliquid – Best DEX withou KYC
- KCEX – No-KYC Exchange with 0% fees
- MEXC – Best no-KYC exchange for altcoins
- CoinEx – Alternative no-KYC exchange for altcoins
- PrimeXBT – Advanced no-KYC exchange with TradFi
- ApeX – No-KYC futures DEX by Bybit
1. Bitunix
Bitunix is the best no-KYC crypto exchange as of 2024. With low fees, over 300 supported cryptos, and global reach, Bitunix excels as the go-to crypto exchange for users from all around the world. What we love most about Bitunix is its ease of use. The platform was designed not only for advanced traders but also for newbies, making it a top option for traders of all skill levels.
In terms of withdrawal limits, Bitunix has a lot to offer. Without KYC verification, Bitunix allows users to withdraw $10,000 on a daily basis. If you want to increase your 24-hour withdrawal limit to $2,000,000, you must submit personal details like your ID or Passport.
Unlike competitor no-KYC exchanges, Bitunix truly has a global reach, including the most restricted areas, such as the United States. US citizens can use Bitunix services due to the MSB license of the platform.
Bitunix offers crypto trading for users from all around the world without having to download and activate a VPN. Simply register, deposit, and start trading without KYC verification and without a VPN.
Bitunix offers spot and futures trading for over 300 different digital assets with up to 100x leverage. New coins and projects are regularly added to the list, further enhancing the trading experience on Bitunix.
For new traders, Bitunix offers generous trading bonuses worth up to $5,500. Newcomers can claim these bonuses based on their trading activities. If you are an active trader, this bonus is definitely a great opportunity for you.
Bitunix charges very low fees, starting at only 0.02% maker and 0.06% taker on the futures market. For spot trading, Bitunix charges the industry standard rate of 0.1% maker/taker fees in spot trading.
The platform offers numerous means to contact their representative or customer support team. You can reach out to Bitunix staff with the 24/7 live chat support in the bottom right corner. If you have any questions or issues, customer support will be there to help you out quickly.
You can learn more about the exchange in our detailed Bitunix review.
Bitunix Pros & Cons
| 👍 Pros | 👎 Cons |
|---|---|
| ✅ Low trading fees | ❌ Only supports 20 fiat currencies |
| ✅ User friendly | ❌ Only $5,000 welcome bonus |
| ✅ High withdrawal limits | ❌ No copy trading |
| ✅ Deep liquidity |
2. BingX
BingX is the best alternative No KYC crypto exchange that was founded in July 2018. With over 8 million registered customers, BingX experiences a daily trading volume of 10 billion USDT. Without KYC, you can withdraw assets up to 50,000 USD daily and a maximum of 100,000 USD monthly. However, the daily limit can increase up to 3 million USD if you are verified.
BingX offers numerous trading styles and opportunities suitable for beginners and experts. It provides spot, futures, margin trading, copy trading, and strategy trading. Beginners can also benefit from copy trading in the same spot, futures, and strategy styles.
BingX also offers different side applications and services to improve your trading or earn a passive income. It includes their Proof of Reserves (PoX), Reward Center, Referral, and Affiliate Program. You can also benefit from API trading or becoming a Star Trader or Influencer Incubator.
The platform takes security seriously and has implemented industry-standard technology. US, Canadian, and Australian regulatory authorities license BingX to operate worldwide, which gives it 12 A+ scores from the SSL Labs. It also ensures the best security practices from the user end by providing two-factor authentication.
BingX is popular for its copy trading feature, where you automatically copy the trades from experienced crypto traders. You can easily analyze the past performance of other traders based on factors such as win rate, profitability factor, risk management, consistency, and more.
With low trading fees, starting at only 0.02% maker and 0.055% taker, BingX easily beats most of its competition when it comes to affordability.
The non KYC exchange offers numerous means to contact their representative or customer support team. You can reach out to them via 24/7 live chat.
You can learn more about the exchange in our detailed BingX review.
BingX Pros & Cons
| 👍 Pros | 👎 Cons |
|---|---|
| ✅ Very reputable crypto exchange | ❌ Lacks fiat support |
| ✅ 800+ supported assets | ❌ Too advanced for beginners |
| ✅ Up to 150x leverage | ❌ P2P requires KYC |
| ✅ Low trading fees | |
| ✅ Verious products & Services | |
| ✅ Great copy trading |
3. Phemex
Phemex is a versatile no KYC crypto exchange for crypto traders who don’t want to indulge in KYC verification. It went live globally in November 2019 and has grown rapidly. The platform has a $10 billion trading volume, where 300,000 transactions are processed each second. Without KYC, you can withdraw 2 BTC per day, but it becomes unlimited when verified.
Unlike many platforms that only offer to trade and withdraw without KYC, you can also stake coins at Phemex if unverified. It means you can also earn tokens and rewards by staking coins while retaining anonymity. The platform offers a 10% APY on fixed and a 7% on flexible staking.
Almost all crypto platforms provide a mobile application for ease of use and better accessibility. Phemex, in particular, has its application well-optimized and user-oriented. On Google Play, its user rating is 4.6 stars, while iOS users have rated it 4.5 on the App Store.
Rather than storing customers’ crypto assets in cold wallets, Phemex utilizes a Deterministic Cold Wallet System, which distributes users’ data at various addresses. It also allows only three withdrawals per day through offline signatures. On the user’s end, it protects their assets through four levels, i.e., passwords, codes, 2-factor authentication, and anti-phishing.
Phemex is also included among the crypto exchanges with the most competitive fees. The platform will charge a 0.1% maker/taker fee for spot trading on a standard account. In contrast, you will be charged a 0.01% maker and 0.06% taker fee for contract trading. However, these fees can be reduced up to 0% by enrolling in the VIP program and increasing the account level.
Phemex is well known for its reliable customer care service and multiple options to reach an agent. You can email them, talk to a representative in a live chat, or get help center support in no time. Moreover, their education center has many detailed guides to assist people seeking help for common issues.
You can learn more about the exchange in our detailed Phemex review.
Phemex Pros & Cons
| 👍 Pros | 👎 Cons |
|---|---|
| ✅ Very beginner friendly | ❌ Low withdrawal limits |
| ✅ Deep liquidity | |
| ✅ Advanced trading features | |
| ✅ Low trading fees | |
| ✅ Supports Copy trading |
4. Blofin
Blofin is a relatively new crypto exchange, yet it has already gained a user base of over 2 million traders. Where Blofin stands out is its comprehensive futures trading platform with 100x leverage and deep liquidity. Simply sign up for Blofing and start trading right away without having to verify your identity. Spot traders can access 200 coins, whereas futures traders can trade 250 coins with leverage. The spot trading fees are only 0.1% for makers and takers, while futures trading fees start at 0.02% for makers and 0.06% for takers. This makes Blofin a very affordable non KYC crypto exchange.
The best thing about Blofin is its generous withdrawal limit. Even if you have not verified your Blofin account, you can withdraw $20,000 on a daily basis. However, for higher withdrawal limits, you will have to verify your identity.
So far, Blofin offers the following products: Spot, Futures, Copy Trading, and “Earn” for passive income. It is very clear that Blofin’s main focus lies in trading. So, if you are a crypto trader seeking a no-KYC crypto exchange, Blofin may be one of your best choices.
Blofin Pros & Cons
| 👍 Pros | 👎 Cons |
|---|---|
| ✅ Simple to use | ❌ Small spot market |
| ✅ Deep liquidity | ❌ No fiat support |
| ✅ Advanced trading features | ❌ Only crypto withdrawals |
| ✅ Up to 100x leverage |
5. Hyperliquid
Hyperliquid has become one of the largest decentralized crypto exchanges in the world. The DEX is built on Arbitrum, a Layer 2 chain built on Ethereum. This makes Hyperliquid a very affordable decentralized crypto exchange, as the gas fees on this particular L2 are fairly low.
Where Hyperliquid stands out most is its self-custodial nature, meaning you always hold your own funds in your own wallet instead of having to send your funds to the platform. While using a DEX requires a few extra steps compared to using a centralized exchange (CEX), Hyperliquid is certainly a top contender due to its wide array of supported assets with up to 50x leverage.
A popular feature on Hyperliquid is the “Vault” where you can activate copy trading. You can check the performance of other traders and automatically join their Vault. Every time the lead trader makes a trade, you take the same trade.
As of 2024, the main focus of Hyperliquid is futures trading, but recently, Hyperliquid introduced spot trading with new pairs such as BTC, PURR, and more.
Futures trading fees start at 0.01% maker and 0.035% taker, making Hyperliquid one of the cheapest crypto exchanges without KYC.
Hyperliquid Pros & Cons
| 👍 Pros | 👎 Cons |
|---|---|
| ✅ Self custody (DEX) | ❌ Complicated to use |
| ✅ Very low trading fees | ❌ Requires separate wallet |
| ✅ Supports copy trading | ❌ No fiat support |
| ✅ Airdrop for users |
6. KCEX
KCEX is a fairly new contender in the non-KYC crypto exchange business. New users can sign up and start trading right away. The key selling point of KCEX is its generous fee structure. Spot trading comes with no fees at all. Futures trading on KCEX comes with 0% maker and 0.02% taker fees. This is one of the lowest rates in the crypto market and is definitely interesting for active day traders.
As of 2024, KCEX offers 170 cryptos on the spot market and 200 assets on the futures market with up to 100x leverage.
The daily withdrawal limit for unverified users is $10,000. For higher withdrawal limits, you must submit personal information including an ID.
It is safe to say that KCEX lacks advanced features and services, as they only offer spot and futures trading. However, crypto traders seeking anonymity should give KCEX a try.
KCEX Pros & Cons
| 👍 Pros | 👎 Cons |
|---|---|
| ✅ User-friendly no-KYC exchange | ❌ Relatively new |
| ✅ Up to 100x leverage supported | ❌ Lacks advanced features |
| ❌ No passive income products | |
| ❌ Low number of supported coins |
7. MEXC
MEXC is a well-known crypto exchange founded in April 2018. It is operating in over 170 countries with 10+ million active users. The platform lets you trade and withdraw crypto without KYC, but the withdrawal limit is 20 Bitcoins per day (significant enough for regular users). This is an incredibly high crypto withdrawal limit, making MEXC one of the best no KYC crypto exchanges.
However, verification will allow you to enjoy other various benefits that are not accessible to unverified users.
While MEXC is a no KYC crypto exchange, some countries are still restricted from using the platform. However, you can use MEXC with a VPN, no matter where you are from. It leaves MEXC as a top pick for people who want to keep their identity anonymous in heavily restricted countries like the United States.
Another reason is the huge crypto coins collection supported on MEXC. The exchange has more than 2,000 crypto assets, giving you a diversified range of options to invest, trade, or even stake. It also has over 180 trading pairs based on common coins like BTC, LTC, ETH, XRP, DOGE, ADA, etc.
MEXC has multiple payment methods, allowing you to purchase crypto or deposit fiat funds in your account for later use. You can use your VISA or MasterCard Credit/Debit cards, Apple Pay, Google Pay, or bank transfers. Additionally, you can trade via P2P transactions or use third parties. While these payment methods are great, some require KYC verification to unlock the deposit option. Crypto deposits will always work regardless of verification status.
The exchange also allows you to mimic professionals’ trading patterns and styles through copy trading. It imitates experts’ strategies to increase the chances of getting successful trades. The feature makes MEXC an excellent choice for beginners to get potential profit by following the traders’ strategies they think are most successful on the platform.
MEXC is among the most affordable crypto exchanges, charging no deposit fee. Spot trading is also free of charge on the platform for both makers and takers. In futures trading, the maker fee is 0%, while the taker fee is 0.02%. On the other hand, MEXC has different withdrawal fees for different cryptocurrencies.
The exchange offers numerous channels for its customers to reach a representative. It has 24/7 customer care with live agents and chatbots. Particularly speaking of reaching out, the team also provides multilingual assistance for people from different regions. They also have a ticket system for queries or complaints, but sometimes, the response time can get delayed.
You can learn more about the exchange in our detailed MEXC review.
MEXC Pros & Cons
| 👍 Pros | 👎 Cons |
|---|---|
| ✅ Over 2000 assets supported | ❌ Lacks fiat support |
| ✅ Up to 200x leverage | ❌ Rumors of incoming mandatory KYC |
| ✅ Lowest trading fees | |
| ✅ Advanced products and features |
8. CoinEx
A well-known no-KYC cryptocurrency exchange is CoinEx. The vast array of over 700 distinct altcoins that CoinEx offers is where it really excels. On the CoinEx spot market, cryptos can be easily exchanged with reasonable liquidity and low fees. For both makers and takers, the spot fees begin at 0.2%. However, if you possess the CET token, you may cut the fees down to as little as 0.08%, which makes CoinEx one of the least expensive cryptocurrency exchanges.
CoinEx serves both novice and expert traders with its very well-designed and user-friendly trading interface. CoinEx has created a trading dashboard that is extremely user-friendly.
For more advanced traders, CoinEx has even more to offer than just spot trading. CoinEx also provides futures trading for cryptocurrency traders looking for higher-risk opportunities. More than 120 alternative coins are available on the CoinEx futures market with leverage of up to 100x.
CoinEx Pros & Cons
| 👍 Pros | 👎 Cons |
|---|---|
| ✅ 800 supported assets on spot | ❌ Lacks fiat support |
| ✅ Futures supported | ❌ Lacks advanced features |
| ✅ Beginner-friendly |
9. PrimeXBT
PrimeXBT was launched in November 2018 and soon became popular due to its fast trading. The No KYC crypto trading platform operates in 150 countries, where more than 1 million users trade assets worth $1+ billion. Moreover, it is also ideal for unverified users due to no trading limits.
PrimeXBT is not just a crypto exchange, but it is also a great platform to trade forex, stocks, and indices. You can trade more than 50 forex pairs and 11 stock indices. Plus, you can also trade five commodities: gold, silver, natural gas, crude, and Brent oil.
Normally, crypto platforms have limitations for non-KYC users, so people verify their identity for better trades and withdrawals. But PrimeXBT offers you unlimited trading and deposits without KYC. Moreover, you can even withdraw up to $50,000 daily when unverified, which is too high to bother.
PrimeXBT is better known for its Contract for Difference (CFD) trading. Instead of owning the underlying asset, the seller gets revenue from the buyer in CFD, according to the price change. PrimeXBT offers these contracts at affordable fees. You can either hold the position for a day without charges or overnight(s) at a minimal price.
PrimeXBT is quite affordable, charging a 0.05% maker/taker fee on margin and copy trading for crypto only. Forex, indices, and commodities trading is 0%. On the other hand, trading fees for CFDs range from 0.0001% to 0.05%. However, its withdrawal fees depend on the crypto coin you are taking out.
You can reach out to the team via email, ticketing system, live chat, or through their social media channels like Twitter or Telegram. Unfortunately, they don’t have a phone number, but all the above-described means can sort out your issues. The agents respond quickly and effectively listen to solve your problem.
You can learn more about the exchange in our detailed PrimeXBT review.
PrimeXBT Pros & Cons
| 👍 Pros | 👎 Cons |
|---|---|
| ✅ Reputable no-KYC exchange | ❌ B-Book broker |
| ✅ Offers crypto and TradFi | ❌ Lacks liquidity |
| ✅ Up to 200x leverage | ❌ No fiat support |
10. ApeX Pro
ApeX Protocol is a non-custodial decentralized exchange (DeX), launched in November 2022. Since the platform is relatively new, it only has $100 million in daily trading volume. However, as the ApeX Pro exchange is built and owned by Bybit, the second largest crypto exchange in the world, the non-KYC DEX already has great liquidity. ApeX Pro doesn’t require KYC, which means you can trade without ID verification. The platform allows you contract trading at a leverage of up to 30x without KYC.
ApeX Pro is built and backed by ByBit, a leading centralized crypto exchange (CEX). With the surging popularity of DeX and to solidify its presence, ByBit integrated ApeX Pro, which indicates it is a legitimate platform with better fees, anonymity, and transparency.
The DEX has different mechanisms, but a highlighted one is Trade-to-Earn (T2E). By trading on the platform, you can earn BANA tokens and enjoy additional perks as a token holder. These benefits are immediately accessible to successful traders.
Another significant reason to switch to ApeX Pro is the no deposit limits. You can deposit any amount anytime from either an Ethereum or non-Ethereum wallet. Currently, your deposited asset will automatically convert to USDC through 1inch’s API. Hence, you can deposit as little as 1 USDC (which is usually $1).
Since it is a decentralized exchange ran by Bybit, the trading fees are comparatively low. ApeX Pro charges you a 0.02% maker and 0.05% taker fee. It also charges only 0.1% trading commission, which is quite low compared to other competitors. However, withdrawal fees are fixed, which is $1 for normal, slow withdrawals and $5 for faster ones.
You can contact the support team via the email address or through their social media channels. The social contacts include Twitter, Telegram, Discord, Medium, and GitHub. However, since the platform is relatively new, not much user satisfaction data is available. However, people are comfortable enough with the services by far.
You can learn more about the exchange in our detailed ApeX guide.
ApeX Pros & Cons
| 👍 Pros | 👎 Cons |
|---|---|
| ✅ DEX built by Bybit | ❌ No fiat support |
| ✅ Deep liquidity | ❌ Not many coins supported |
| ✅ Low trading fees | |
| ✅ Self custodial |
What is KYC?
KYC is a verification process that money businesses must apply. This process requires personal information such as a government-issued ID or Passport and sometimes even a selfie or video call. Know Your Customer (KYC) verification is essential for trading platforms or crypto exchanges to ensure security and integrity. Although KYC regulations restrict criminal and illegal activities, the process can be quite frustrating and time-consuming.
Also note that anti-money laundering laws (AML) apply in most countries, making the KYC process mandatory. Some crypto exchanges without KYC may be illegal or operating in gray areas.
KYC vs. No KYC Crypto Exchange Difference
The key difference between KYC exchanges and No KYC Exchanges is the identity verification process.
KYC crypto trading platforms usually require personal details such as a government-issued ID or Passport. On the other hand, No KYC crypto exchanges let you trade, deposit, and withdraw cryptos right away without having to submit personal details. This makes No KYC crypto exchanges an attractive option for traders seeking a simple signup process without having to undergo KYC.
Lastly, anonymity is a key aspect of the crypto world. Therefore, many crypto enthusiasts are religiously against KYC crypto exchanges as they go against the fundamental values of cryptocurrencies.
Are No KYC Crypto Exchanges Legal or Illegal?
There is no straight answer to this question, as every country has different laws and regulations in place. However, most countries implement AML laws and regulations, which also means that institutions offering money-related services must verify the details of their customers.
While KYC Exchanges are not necessarily illegal, they often operate in gray areas and try to stay under the radar.
Are No KYC Crypto Exchanges Safe and Secure?
Holding cryptos on centralized exchanges can result in horror stories. Examples of this are Mt. Gox or FTX. Both of these exchanges required KYC verification and complied with AML laws. The result was that the two exchanges still went bankrupt due to hacks or bank runs, and all customers lost their money.
No matter if a crypto exchange requires KYC verification or not, we never recommend trusting a crypto exchange or storing your funds in one. Only keep on a crypto exchange what you are trading with.
Overall, no-KYC crypto exchanges can be just as safe and secure as KYC crypto exchanges. Some traders from the CryptoWinRate team also use No KYC crypto exchanges such as MEXC or BingX for their trading activities.
The moral of the story is that you can’t trust centralized crypto exchanges. Holding cryptocurrencies on an exchange is a huge risk. The best option is always your private cold storage wallet.
Wrapping Up
Trading cryptocurrencies while staying anonymous can be easy if you know the best no KYC crypto exchange. No KYC crypto exchanges offer you a simple way to trade on the platform simply by registering with your email and password. No identity verification is required for trading. However, if you want to buy cryptos via credit card without KYC, most exchanges limit you. Also, most no KYC crypto exchanges will reduce your 24-hour withdrawal limit.
We’ve listed the five best No KYC crypto exchanges above, each with unique features and limitations. So, choose a platform from MEXC, BingX, Phemex, PrimeXBT, or ApeX Pro, and start trading crypto without any hassle.
FAQs
Is it Safe to Use Non-KYC Exchanges?
While it is possible to trade on some reputable and secure crypto exchanges without KYC verification, it is important to note that these platforms are not entirely risk-free. Without identity verification, you can be susceptible to scams and hacks. Therefore, it is recommended to exercise caution and use these platforms at your own risk.
Are No KYC Exchanges Legally Allowed?
If legal authorities regulate the exchange, you can use non-KYC exchanges legally. However, it is important to report any trade or income generated to the government because, as such, you will be committing tax evasion (which may cause you serious trouble in the future).
Can You Buy Crypto from a No KYC Crypto Exchange?
Yes, you can buy, sell, trade, and even stake crypto from a non-KYC exchange. However, it is important to note that unverified accounts may experience limitations while buying, withdrawing, or trading. If the exchange is regulated by a reputable and trusted organization or legal body, the risks may be lower. Often, credit card payments require KYC verification.
![How to Withdraw funds from MetaMask [2024]](https://www.cryptowinrate.com/wp-content/uploads/2024/06/Add-a-little-bit-of-body-text-1024x597.jpg)
