In any field, Rules & regulations always lead a system to handle the responsibility of its security and in-depth database system, and to bypass any malicious actions. Well, in the finance world knowing about the customer becomes a crucial thing for any business to run smoothly. Here’s why KYC ( Knowing your Customer ) comes in front and does its job in the Crypto world.
Let’s uncover the layer of No KYC Crypto Exchanges available in the market right now.
While KYC is an effective tool in the battle against fraud, it can be a headache for those who just wish to trade anonymously or who don’t want to show their ID online. We’ve compiled a list of the 7 Topmost No KYC Crypto Exchanges to get hands-on in 2023 for you to utilize that don’t demand KYC for doing something you always wanted to do anonymously.
Summary: Topmost No KYC Crypto Exchanges
|Rank||No KYC Crypto Exchange||Availabilty||Help & Support||Known for||No. of Coins||Joining Link|
|1||Kucoin||All Countries except the USA||Yes, 24/7 live chat support||the vast range of coins||750+||Kucoin|
|2||Bitfinex||All Countries||Yes, 24/7 email support||known for trading in f&o||150+||Bitfinex|
|3||PrimeXBT||All Countries||Yes, to email & live chat||Known for copy trading||150+||PrimeXBT|
|4||MEXC||All Countries||Yes, 24/7 chat support||Known for legit No KYC Crypto Exchange in the USA||250+||MEXC|
|5||BaseFEX||Not in the USA||Yes, on live chat||Known for Low trading fees||200+||BaseFEX|
|6||AAX||No data||Yes, 24/7 email support||Best for advanced tools & features||150+||AAX|
|7||1InchExchange||All Countries except the USA||Yes, live chat support||Known for Best DEX available||100+||1InchExchange|
Frequently Asked Questions
What exactly is a cryptocurrency exchange without Know Your Customer (KYC)?
Without KYC, exchanges don’t know who their users are. Users can get around this step by using a crypto exchange that doesn’t require them to show ID. Even if you don’t have KYC, you can still open an account, but some may have limits on transactions.
Why would someone not want to do KYC?
Many people want to get around KYC so they can stay anonymous on the cryptocurrency market. When there is no Know Your Customer (KYC) check, users can keep control of their private keys. It makes sure they can’t see what a user does with their money or manage it.
Which crypto exchange has no KYC?
Well, All Crypto centralised exchanges has KYC layer built on them as compulsory. but there are some decentralised exchanges which doesn’t even require any information to trade. Just connect your wallet and you are good to go with trading or buy & sell any crypto.
We have shared our 7 Topmost No KYC Crypto Exchanges list below.
Can I buy crypto without KYC?
Yes absolutely, there are some legit ways for you to own crypto without filling any personal information such as KYC. This means that even if you are younger than 18, you will be able to buy or sell cryptocurrency. Read full article to know more.
Can I use Binance without KYC?
Binance used to not have a KYC procedure, but it now has a strict one. If you want to use an exchange like Binance, you can try PrimeXBT, MEXC, or KuCoin. Read full review about Top 7 No KYC Crypto Exchanges.
Can I use Kucoin without KYC?
Yes, Kucoin is one of the popular crypto exchange which has a feature to make deposit and withdrawal without even fillion any KYC details. More details below!
There are No KYC Crypto Exchange India?
Well, India has regrous policies on Crypto after they have published several crypto laws regarding to its regulation. Its pretty unethical to get any indian exchange which may operate without filling KYC details for you. But dont you worry, you can alternatively use Internation crypto exchanges. More details on our article on 7 Topmost No KYC Crypto Exchanges.
There are No KYC Crypto Exchange USA?
There are some specific crypto exchange which requires No KYC Crypto Exchanges in USA country. Exchanges like Kucoin, PrimeXBT, MEXC, more are operable in US without any KYC details.
Is it legal to use No KYC Crypto Exchange?
Absolutly, you have a power to whether you want to share your private details to any random exchange in a name of KYC right? if you ar one of them then this article on 7 Topmost No KYC Crypto Exchanges is for you, where you can easily do all in exchange with no KYC details submission.
List of Best No KYC Crypto Exchange?
There are many such as:
All doubts clear pals? Lets move into list of No KYC Crypto Exchanges and find out their speciality in crypto exchanges field.
This information is provided for educational purposes only. While CryptoSharX may receive compensation for links contained within this article, this in no way influences the ratings of our writers.Disclaimer
#1 on our list of No KYC Crypto Exchanges is; KuCoin a decentralised exchange for cryptocurrencies. Its main activities are loans, staking, derivatives, mining pools, and spot trading, including margin trading. On the exchange, the verification process is optional, so customers can buy and sell bitcoins with or without meeting their KYC requirements.
Like almost all other cryptocurrency exchanges, KuCoin puts limits on the number and size of trades. But compared to other cryptocurrency exchanges, the limits are much more manageable.
Customers don’t have to give KuCoin any personal information in order to put Bitcoin into their account right away. This lets customers skip the time-consuming verification process that many exchanges require before customers can start trading.
Also, users have full control over any and all currencies they have put in, and they can withdraw their money at any time.
Also remember to note that there are some serious benefits if you have completed your KYC on Kucoin such as:
Bitfinex is holding its 2nd Best cryptocurrency exchanges that require No KYC Crypto Exchanges. It was established in 2012, making it one of the oldest cryptocurrency exchanges. It has strong liquidity and great customer service. Bitfinex lets you spot trade and trade on margin, but derivatives trading is the main focus.
Bitfinex has very decent trading fees: for spot trading, makers pay 0.1% and takers pay 0.2%, and for derivatives trading, makers and takers pay only 0.02% and 0.075%, respectively.
There are more than 150 coins and more than 300 trading pairs, so you will definitely find a trading pair and a market that meet your needs. With this method, you can trade a wide range of digital assets on a single platform.
It also has API support, so you can change the software/website in any way you want. Bitfinex might be the best choice for you if you want a software for exchanging cryptocurrencies that appears to work with a wide range of devices and operating systems.
In the case of using Bitfinex without KYC details, you will fall under the Basic benefits category. Also remember to note that there are some serious benefits if you have completed your KYC on Bitfinex such as:
PrimeXBT is a DEX that doesn’t have restrictions on who can use it or who can trade on it. It lets people trade stocks, cryptocurrencies, foreign exchange, and leverage. PrimeXBT covers up our list on #3 in No KYC crypto exchanges.
It gives you access to many trading pairs for cryptocurrencies. They include Ripple, Litecoin, EOS, ETH, and BTC. Most trading assets are based on Bitcoin, and you can trade them without having your KYC checked.
With PrimeXBT’s customizable interface, expert traders can use any indicators and charts they want. Even though PrimeXBT only charges 0.05% in fees, this is only for CFD margin trading (with up to 100x leverage).
CFD trading is different from spot trading because you can go long or short, which means you can make money when the price of a cryptocurrency goes down.
Here comes another rival, MEXC. MEX is a good NO KYC crypto exchange that should let users access a lot of crypto assets, and MEXC does a great job of meeting this need. With support for more than 1,520 crypto assets, users can trade or invest their money in any way they want. Because there are so many trading pairs, you will have a tonne of options to choose from.
MEXC offers more than just spot trading and trading on margin. They also have a market for ETF indices and a market for futures. If you want to trade with leverage, you can get up to 125x leverage on the token of your choice on the MEXC futures market. The quick and useful charts will make your experience better and easier.
MEXC’s ability to solve user problems quickly and effectively is likely helped by the fact that they offer service in multiple languages. Also, real people are there to answer your questions and help you find a solution, which makes it a good rival with other No KYC Crypto Exchanges.
BaseFEX is a newcomer in the world of No KYC Crypto exchange with very low trading costs and a platform that is easy to use. It also lets you trade on margin with high leverage and has great security systems. The trading platform is well-designed, easy to use, and fully functional, with a variety of indicators and chart styles.
Users can also use the platform to make futures contracts, trade futures, make contracts that last forever, trade crypto derivatives, and trade on margin. BaseFEX is a great platform for both new and experienced traders who are comfortable trading on margin with assets that have different levels of risk.
BaseFEX is a No KYC Crypto Exchanges platform that is mostly for new traders. It has a clean, easy-to-use user interface and trading options for mobile devices.
Users can now get to the platform from almost every country. But because the US doesn’t have any rules, the exchange doesn’t let US traders join.
AAX is another alternate option for someone who is finding No KYC crypto exchanges while the best choice for people who want a lot of advanced features. AAX offers spot trading, futures trading, and an OTC service desk. It also lets you earn interest on cryptocurrencies. LSEG Technology runs the exchange, which makes transactions go as fast it can.
Even though AAX has a lot of features, it is still good for beginners because it is easy to use and has a learning centre and live chat support if you need it. There are more than 100 cryptocurrencies and more than 20 fiat currencies that can be used. For spot trading, the maker/taker fees are only 0.1/0.15%, but they are 0.04/0.06% for futures trading or options trading.
AAX is not available for someone who stays in US Country as it is not legally available there.
1inchExchange comes is DEX which comes under our list of Topmost No KYC crypto exchanges. Many decentralised exchanges have emerged thanks to Bitcoin’s exponential rise in popularity. Users of these 1inchExchange marketplaces need only to link their wallets to the exchanges and they may immediately begin trading. Those who contribute to the site’s liquidity are typically rewarded monetarily. No one is in charge of these transactions as so-called trading fees.
Because 1inch consolidates so many different markets, you may rest assured that you’re getting the greatest swap rate possible.
Connecting a web3 wallet makes it simple to buy and sell ERC-20 tokens at competitive pricing. To ensure that customers receive the best possible price, the exchange will often split orders over many markets.
The exchange guarantees low costs for deposits and withdrawals, as well as competitive exchange rates and a large number of available funds. Users can now engage in yield farming because of the recently released 1inch Liquidity Protocol.
Users can bypass the Know Your Customer (KYC) process by logging onto 1InchExchange using Metamask or any other Crypto wallet.
Takeaway on No KYC Crypto Exchanges
After reading our No KYC crypto exchange article, you must have known there are some limits with every exchange if you only want to play yourself as an unverified user inside any exchange.
Limits are significant if you trade a lot, or have a much bigger position size than usual. While Crypto is getting more and more attention from government and legal authorities which creates a chance to make KYC verification compulsory.
Kucoin is one of the most popular and has 700+ quality crypto coins becoming the #1 recommended No KYC crypto exchange in a CEX category. But, meanwhile, 1inchExchange catches my attention when it comes to DEX.
Although all 7 of them are pretty good options to go that depends solely on your decision. That’s all from today, See you soon at CryptoSharX