Best No-KYC Crypto Exchange

BYDFi is a well-known name in the crypto exchange industry. So well-known, in fact, that it was named as one of the top-10 best cryptocurrency exchanges in 2023 by none other than Forbes.

What makes BYDFi so unique, you might wonder? Well - a lot of things, actually!

First and foremost, BYDFi offers its users a huge variety of crypto assets to trade and exchange. You’ll find over 600 different coins & tokens available to be accessed on the platform in question - for the vast majority of traders out there, this number will likely more than suffice.

Secondly, one of the most important features of an exchange is security. This point is universal, whether you’re looking for the best no-KYC crypto exchange or the top NFT broker. Well, BYDFi’s stance on security is rather clear - the company enforces AML regulations, as well as features such as 2FA and cold storage.

As far as the main topic of this list is concerned, BYDFi is considered to be a “no-KYC” exchange, at least to an extent. Users who want to perform trades with fiat money will need to pass strict KYC checks - that’s a given.

The fiat-usage KYC requirement is mostly relevant for users who’d like to make a fiat deposit on BYDFi before they start trading. Do note that, while it is possible to avoid a direct deposit and use a third-party payment gateway to purchase crypto on BYDFi, that third party will require you to pass KYC checks, either way.

Key Features

One of the things that makes BYDFi such a solid pick in the no-KYC space is how it treats users like actual traders, not permissions-dependent applicants. Here are four standout features that show what that really looks like:

• Competitive Trading Fees. The exchange offers some very competitive trading fees. It offers flat maker and taker fees at 0.1% for spot trading. Very decent numbers!
• Highly Regulated. BYDFi ensures regulatory compliance and is available in both the US and Canada. That’s not necessarily something many high-profile exchanges today can boast of!

• Lightning-Fast Onboarding with Real Privacy. Sign up with just an email or phone number and start trading almost instantly.
• Generous Withdrawal Allowance. You can pull up to 1.5 BTC per day without completing KYC, and that cap jumps to 6 BTC if you do choose to verify.

Taken together, it delivers meaningful trading freedom, safe infrastructure, and smart tools that don’t require surrendering your identity.

Coinbase is one of the most well-known and user-friendly cryptocurrency exchanges globally, especially popular in the United States. Founded in 2012 and headquartered in San Francisco, it has grown into a publicly traded company (NASDAQ: COIN), which adds to its credibility and transparency. Coinbase is often the first choice for beginners due to its simple interface and straightforward buying process.

Coinbase supports over 250 cryptocurrencies, including major assets like Bitcoin (BTC), Ethereum (ETH), and a wide range of altcoins. It caters to different user levels through two platforms:

• Coinbase (Standard Platform): Focused on beginners, offering easy buying, selling, and holding of crypto.
• Coinbase Advanced (formerly Coinbase Pro): Designed for more experienced traders, providing advanced charting tools, lower fees, and a range of order types.

Coinbase places a strong emphasis on security to protect user funds and data. It secures approximately 98% of customer assets in cold storage, keeping them offline and away from potential hackers. Additionally, two-factor authentication (2FA) is required for account access, adding an extra layer of protection.

For US-based customers, USD balances are FDIC-insured up to $250,000, providing a safety net in case of platform issues. Sensitive user data is safeguarded through encryption protocols, ensuring that personal and financial information remains private. Coinbase also runs a bug bounty program, encouraging security researchers to report vulnerabilities, which helps maintain the platform’s robust defense systems.

For many, WEEX is one of the best no-KYC crypto exchanges because it seems to have no limitations tied to the verification of your account. It started to employ KYC processes in 2023 and encouraged users to pass it, but it’s not mandatory.

For encouragement, WEEX offers some limited-time programs or events where passing KYC is one of the tasks that yields rewards. Keep in mind that while there are no restrictions for unverified accounts as of writing, there might be some in the future.

Now, what can you do on WEEX without revealing personal details about yourself?

For starters, you can go the usual route with spot trading or trade perpetual futures settled in USDT with up to 400x leverage. You can also try out your skills in demo futures trading.

In addition, WEEX has a copy trading platform on which you can either become an elite trader and let others copy from you or copy yourself.

If you decide to pass KYC, you’ll need to verify your real name, so you’ll need to provide your ID. As of writing, it seems like it’s the only verification there is on WEEX, so even if you choose to pass KYC on the platform, it should be pretty quick and easy.

Key Features

As you can see, WEEX does offer full services to users who don't want to go through the ID verification process. Which is great if you're looking for a no-KYC exchange. But, to give you more context on what the platform has to offer, here are some key reasons why you should consider WEEX:

• Generous Withdrawal Limits. Unverified users can withdraw up to 50,000 USDT per transaction and 500,000 USDT daily, far higher than most competitors allow.
• Copy Trading. WEEX lets you follow experienced traders and copy their trading strategies. This is great for beginners who want to jump-start their trading journey.

• Risk-Free Demo Trading. Beginners can practice strategies in demo mode before using real funds, making WEEX more welcoming than many other no-KYC platforms.
• Strong Security with Transparency. WEEX safeguards funds with a 1,000 BTC protection fund, proof-of-reserves, and regulatory licensing, all while respecting user privacy.

Now, whether or not WEEX is the best no-KYC exchange is up to you. But from my perspective, it is a great option, especially if you prefer using a CEX.

Generally, CoinEx is known as one of the best no-KYC crypto exchanges. Without verifying your account, you can:

• Withdraw up to $10,000 worth of crypto daily (but up to $50,000 monthly);
• Access spot, futures, and margin trading;
• Use CoinEx Financial Account (where you can deposit crypto and earn interest);
• Participate in some promotional activities (but not all).

So, you definitely can do plenty of things. But, as you can see, your withdrawal possibilities are pretty tight, given that there is not only a daily limit, but also a monthly one. If you want to increase your withdrawal limits and access all features, you’ll have to pass that KYC.

There are three KYC levels on CoinEx: personal, advanced, and enterprise verification.

By passing the personal verification, you unlock access to all promotional events and increase the withdrawal limit to $1,000,000 daily (plus, you don’t have a monthly withdrawal limit). You just need to provide some basic info, your ID, and pass facial recognition.

The advanced KYC level is needed for those who want to become P2P merchants. For that, you have to pass the personal verification and provide proof of address.

On the other hand, the enterprise verification level is made for businesses and requires extensive business-related information. Though it increases the daily withdrawal limit to $5,000,000 and unlocks exclusive customer service.

Key Features

Now that you know what an unverified user can and can't do on CoinEx, let's take a brief look at some of its core features:

• True No-KYC Access for Most Users. You can register using just an email or phone number and start trading right away. KYC is only required when withdrawing above $10,000 within a 24-hour period. Most users can use the platform without identity verification.
• Wide Crypto and Financial Product Selection. CoinEx supports 1,300+ cryptocurrencies across spot, futures (up to 100× leverage), margin trading, staking, DeFi mining, AMM, and even copy trading.

• Security-First Infrastructure. The platform protects your assets with cold storage, multi-signature wallets, mandatory 2FA for withdrawals, an insurance fund, and proof-of-reserves.
• Competitive Trading Fees. Spot fees start as low as 0.1-0.2%, further reducible using CoinEx’s CET token and VIP tier discounts. There are also perks like no-fee swaps via CoinEx Swap, plus attractive affiliate and mining-yield programs.

My verdict? You can do a lot on CoinEx without KYC, but for the full experience and significant withdrawals, you will have to verify yourself.

Changelly is one of the oldest non-custodial crypto exchanges, operating since 2013. It’s also one of the best no-KYC crypto exchanges, and it actually is a pretty unique one at that.

Why? It allows you to exchange, buy, or sell crypto without passing KYC AND creating an account in the first place. You do need to submit your email address in the purchasing process, but only for 2FA purposes. So, you can just pick the action, the asset pair, and proceed to payment.

Of course, you can also create an account.

Now, there are definitely not many platforms like that. For one, most eventually get closed because bad guys start using them for bad stuff. Or, they usually set the AML/KYC process in place to be able to operate with proper compliance further.

Changelly obviously has chosen the latter, but it takes a very unique approach to that.

It doesn’t usually require users to pass KYC, BUT it has a risk-scoring algorithm that identifies any suspicious activity, stops it, and then prompts the user to verify their identity. Some of the activities that usually trigger this algorithm to react are as follows:

• Multiple account creation with disposable emails;
• Mixer and/or black market wallet address usage;
• Suspicious transactions.

So, basically, if you don’t plan on doing any shady stuff, you’ll be able to easily trade without verifying your identity. Of course, a bigger transaction could prompt this, too.

If your transaction is put on hold, you’ll have to provide your full name, email, identity verification document, a selfie, and complete liveness check. If Changelly sees the need for that, it might even ask you to provide even more information, like proof of source of funds, and so on.

Key Features

If you're after a swap platform that delivers speed and privacy without diving into verification, Changelly ticks a lot of the right boxes. Here's why it’s widely regarded as one of the best options for no-KYC exchanges:

• No Account Needed. In most cases, you can trade directly by just entering your wallet address. No account, no ID, no hassle.
• Non-Custodial Design. Changelly never holds your funds. It simply routes the swap between wallets. That means less risk of hacks, more control for you.

• Support for Over 1,000 Cryptocurrencies. Whether it's major tokens or more niche ones across chains like Ethereum, BNB, or Tron, you’ve got wide access without jumping through KYC hoops.
• Swift & Simple Swap Experience. Trades often complete in 5–30 minutes, at a transparent flat fee of around 0.25%, making it fast, clear, and beginner-friendly.

All in all, if you’re looking for a very quick and easy way to buy, sell, or trade, you can do that with Changelly, and you don’t even need to create an account for that (hence, no need to pass KYC).

When we’re talking about the best no-KYC crypto exchanges, it’s inevitable to talk about decentralized ones, like dYdX. After all, DEXs don’t require passing any KYC verification or even creating an account. Usually, you just connect your wallet and start trading.

The same is true with dYdX. What makes it stand out among other DEXs, though?

Well, for one, it provides users with advanced trading options and other tools like perpetual contracts, margin trading, and a vault for earning passive income. So, in a way, it gives you tools that are usually accessible in CEXs, but it does that with the privacy and transparency of a DEX.

Plus, dYdX’s non-custodial nature means users maintain full control over their assets. So, it’s not only that you don’t have to worry about disclosing personal information; your funds are also accessible only to you.

📚 Check Out: dYdX Affiliate Program

That said, you can use all of dYdX’s features without any KYC as long as you reside in a country where the exchange is accessible.

Key Features

Trading with dYdX feels like tapping into professional-grade tools, all while keeping your identity in your wallet, not on their server. Here are the key reasons it truly stands out:

• Efficiency. dYdX leverages StarkWare's Layer 2 technology, which processes transactions off-chain to enhance speed and reduce gas fees. This solves the usual con of lower transaction speed in decentralized exchanges.
• Full Decentralization. dYdX is non-custodial, meaning you maintain custody of your funds. Trades are executed via smart contracts and an off-chain order book, giving you transparency and control unmatched by centralized platforms.

• Pro Trader Tools and Governance Perks. You'll find a pro-style interface packed with advanced charting, order types (like stops and limits), and both isolated and cross-margin. Plus, holders of the DYDX token can participate in governance, staking, and even benefit from token buybacks and fee discounts.
• Full Trading Control via Your Wallet. You just connect a Web3 wallet and start trading. No identity checks, no signup forms, just smart-contract-powered trading directly from your address.

These features show why dYdX stands out: it delivers institutional-grade tools, but without KYC. So, personally, I think it is an exchange worth considering if you value privacy.

LBank has earned a strong reputation as one of the best no‑KYC crypto exchanges due to its unusual combination of privacy, flexibility, and advanced trading tools. New users can get started with just an email (no ID required) yet enjoy access to more than 800 spot crypto assets, over 230 futures markets with up to 200× leverage, automated trading bots, and copy trading features.

Despite its no‑KYC approach, LBank doesn’t compromise on safety. It employs two‑factor authentication, whitelisted withdrawals, and anti‑phishing defenses. In May 2025, it introduced a publicly verifiable Merkle‑tree proof‑of‑reserves, demonstrating asset backing and transparency.

Spot trading fees start at around 0.1-0.2%, while futures trading fees can be as low as 0.02% for makers, ensuring competitive pricing regardless of verification status.

Key Features

If you're on the hunt for an exchange that lets you dive in quickly without getting bogged down in paperwork, LBank has a lot going for it. Here are the four key features that help it stand out:

• Optional KYC. No KYC is required for standard crypto trading, withdrawals (within limits), and most core services. So, you can start trading fast. Verification is only needed for fiat services, higher withdrawals, or certain exclusive features.
• Wide Crypto Support. You’ll find over 800 supported cryptocurrencies, including meme coins and new tokens, with high liquidity that helps ensure smooth and slippage-free trades.

• Multi-Product Ecosystem. LBank doesn’t just offer spot trading. You also get futures, leveraged tokens, grid bots, copy trading, lending, staking, NFTs, a launchpad/pool for new projects, and even a P2P market, all available without filling out identity forms.
• Transparent Security. Even without KYC, LBank keeps your data and assets protected with SSL encryption, 2FA, cold storage, IP whitelisting, proof-of-reserves, an insurance fund, and more.

Overall, LBank offers a combination of no‑KYC onboarding, advanced trading options, and solid security, making it a good option for privacy-conscious active traders.

Uniswap is a decentralized exchange (DEX) that operates on the Ethereum blockchain. It was launched in November 2018 and has since become one of the most popular DEXs in the crypto space, making it one of the best no-KYC crypto exchanges among its peers.

Uniswap operates using an automated market maker (AMM) model, which is different from the traditional order book model used by centralized exchanges (CEXs). In the AMM model, liquidity is provided by users who deposit their funds into liquidity pools. These pools are then used to facilitate trades between different tokens.

In addition to its numerous advantages, Uniswap has also been a trailblazer in the Decentralized Finance (DeFi) space, consistently introducing innovative features and functionality. This commitment to innovation has also translated into a user-friendly platform.

However, even though DEXs have many advantages, you have to be much more cautious with them than with CEXs.

Overall, when choosing a non-KYC crypto exchange, it’s important to do your research and choose a platform that meets your needs. Look for platforms that, like Uniswap, have a good reputation and have been around for a while. Additionally, it’s important to keep your assets safe by using a hardware wallet or other secure storage method.

Key Features

If you're in the market for decentralized exchanges, then Uniswap should be one of your first considerations. Here are four key features of this exchange that might pique your interest:

• Non-Custodial. Uniswap users retain control of their funds at all times. There is no need for users to go through any KYC process, which makes it a popular choice for privacy-conscious investors.
• Competitive Fees. Uniswap charges a 0.01%, 0.05%, 0.3%, or 1% fee on swaps, and those fees go to liquidity providers. The fees are actually determined by those liquidity providers, and most trading pairs are usually tied to a 0.3% fee.

• Strong Liquidity. The platform's liquidity pools are a standout feature of the platform. They allow token holders to earn a return by funding paired tokens of equal value based on the exchange rate. The liquidity providers are able to define a price range, and Uniswap prevents trades outside that range.
• Permissionless Trading and Earning. Anyone can list a token or provide liquidity to earn fees, keeping the exchange open and community-driven rather than controlled by a central operator.

In summary, Uniswap is a decentralized exchange that operates using an automated market maker model. It is non-custodial, has low fees, and has been at the forefront of innovation in the DeFi space. Due to all the factors mentioned above, Uniswap is a popular choice for anonymity-focused traders, and many claim that it is surely one of the best no-KYC crypto exchanges as of writing.

PancakeSwap is a decentralized exchange (DEX) that operates on the Binance Smart Chain (BSC), and couldn’t be left out of this best no-KYC crypto exchanges list.

As a DEX, PancakeSwap enables users to trade cryptocurrencies without the need for a centralized intermediary or a KYC verification process. This makes it a great option for cryptocurrency privacy advocates who do not want their information to be shared with third parties.

On PancakeSwap, liquidity providers add funds to the pools, which are used to facilitate trades. In exchange for their contributions, liquidity providers receive a portion of the trading fees generated by the platform.

Another advantage of PancakeSwap is its low transaction fees, which are a fraction of those charged by centralized exchanges. When you trade on PancakeSwap, you'll be charged a fixed fee of 0.25%. However, 0.17% of that fee is returned to the liquidity providers.

📚 Read More: How to Swap Crypto on PancakeSwap?

The low fee offered by PancakeSwap is due in part to the fact that the BNB Chain is designed to be more efficient than other blockchain networks, such as Ethereum. This makes PancakeSwap a cost-effective non-KYC exchange choice for users.

In addition to its core trading functionality, PancakeSwap also features a range of other tools and services. These include yield farming, where users can earn rewards by staking their cryptocurrency holdings, and lotteries, where users can win prizes by purchasing tickets with their PancakeSwap tokens (CAKE).

Overall, PancakeSwap is an excellent option for traders looking for a decentralized, no-KYC crypto exchange that offers low fees and a range of features.

Key Features

If you're an active user of the Binance Smart Chain and are interested in using a DEX, then Pancakeswap should be a good choice. Here are some of its key features to help you understand the platform better:

• Automated Market Maker. One of the key features of PancakeSwap is its automated market maker (AMM) system. This allows users to trade cryptocurrencies using liquidity pools instead of traditional order books.
• Powered by BSC. PancakeSwap’s integration with the Binance Smart Chain (now BNB chain) makes it highly compatible with other popular decentralized finance (DeFi) protocols. So, not only is PancakeSwap one of the best no-KYC crypto exchanges, it is also an excellent choice for those who are interested in exploring the wider world of DeFi.

• Huge Variety of BEP-20 Tokens. PancakeSwap supports thousands of tokens on BSC, from popular projects to up-and-coming launches, making it a go-to hub for discovering new assets.
• Extra Earning Opportunities. Beyond swapping, users can farm, stake CAKE, join lotteries, or participate in Initial Farm Offerings (IFOs), giving more ways to earn without giving up privacy.

So, if you're searching for "crypto exchanges no KYC", decentralized exchanges like Pancakeswap should come up pretty often, and I think they can be a pretty good option considering what it has to offer.

Kraken is one of the longest-standing and most reputable cryptocurrency exchanges in the world, founded in 2011 and based in San Francisco, USA. It is known for its strong focus on security, regulatory compliance, and a diverse range of supported cryptocurrencies. As of 2024, Kraken supports over 500 cryptocurrencies, making it one of the more versatile platforms for traders and investors looking to access a broad selection of digital assets.

Kraken is popular among both beginners and experienced traders because it offers a variety of trading options, including spot trading, margin trading, futures contracts, and staking services. Its trading fees are competitive, typically ranging between 0.00% and 0.4%, depending on the user’s trading volume and order type.

Security is one of Kraken’s most notable strengths. It employs cold storage for the majority of user funds, two-factor authentication (2FA), SSL encryption, and strict surveillance of its systems. Additionally, Kraken has a Proof of Reserves audit feature, ensuring customers that their funds are adequately backed.

The platform also follows regulations in multiple regions worldwide, including the US, UK, Canada, and Australia. So, it is a great option if you’re looking for a platform with strong regulatory compliance.

Crypto.com is a prominent player in the cryptocurrency world, offering a comprehensive suite of financial services centered around digital assets. Founded in 2016, the platform has grown rapidly, boasting a user base of over 100 million by mid-2024.

Crypto.com provides a user-friendly app for buying, selling, and trading around 400 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and many altcoins. Beyond its exchange services, Crypto.com offers a non-custodial DeFi wallet, an NFT marketplace, and even a direct payment service for cryptocurrency transactions.

One of Crypto.com's most recognizable features is its Visa card, which allows users to earn cashback in CRO, the platform's native token, on their everyday spending. The card comes in various tiers, each offering different levels of rewards and perks, such as rebates on streaming subscriptions and airport lounge access.

Crypto.com also takes security seriously. It holds all customer assets deposited on our platform in institutional-grade reserve accounts on a 1:1 basis. Users’ accounts are protected by the latest security advancements, including Passkeys, HSMs, and FIDO2, as well as MFA methods like passwords, biometrics, and authenticator codes.

It also runs an active bug bounty program on Hacker One, where people can disclose security vulnerabilities on the platform and get rewards.