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

Not only that, but BYDFi ensures regulatory compliance, as well - the exchange is available in both the US and Canada. That’s not necessarily something many high-profile exchanges today can boast of!

Furthermore, the exchange offers some very competitive trading fees. Both maker and taker fees fluctuate between 0.1% and 0.3% - some very decent numbers, especially when compared to the industry standard of 0.25%!

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.

However, if you’d like to start trading and only use cryptocurrencies, chances are that you’d be able to do so without having to pass KYC.

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.

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 did start to employ KYC processes in 2023 and encourage 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 200x 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.

There is an overall withdrawal limit (regardless of whether your account is verified) of 50,000 USDT per transaction or equivalent in another asset. There is also a daily withdrawal limit of 10 withdrawals. Quick maths: you can withdraw up to 500,000 USDT per day.

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.

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. However, your withdrawal possibilities are pretty tight, given that there is not only a daily limit, but also a monthly one.

Plus, without KYC, you can’t access P2P trading, buy crypto via various payment gateways, participate in CoinEx Dibs events, become a lead trader in copy trading, and so on. If you want to increase your withdrawal limits and access all features, you’ll have to pass that KYC.

There are several KYC levels: 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 info. Though, it increases the daily withdrawal limit to $5,000,000 and unlocks exclusive customer service.

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, too.

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.

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 for passing 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.

Besides, it 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.

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.

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.

As of writing, residents from the US, Canada, North Korea, Syria, Myanmar (Burma), Iran, Cuba, the regions of Crimea, Donetsk and Luhansk, or any other regions (or countries) that are the subject of region-wide economic sanctions by the US cannot use dYdX.

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.

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.

One of the main advantages of Uniswap is its non-custodial nature, which means that 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.

Another advantage of Uniswap is its low fees. Unlike CEXs that charge high fees for trading, 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.

While on that matter, I should tell you that Uniswap’s liquidity pools are a standout feature of the platform. They allow token holders to earn a return by funding paired tokens in equal value based on the exchange rate. The liquidity providers are able to define a price range and Uniswap prevents trades outside that range.

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 and careful with them than 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.

On that though, if you're searching for a worthy hardware wallet, you should check out Ledger Nano X.

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 exchange 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.

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.

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 rewarded back to the liquidity providers.

The low fee offered by PancakeSwap is due in part to the fact that the Binance Smart 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.

Furthermore, PancakeSwap’s integration with the Binance Smart Chain also 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.

As a side note, if you want to find out more about other DEXs like Uniswap and PancakeSwap that might come up when searching for "crypto exchanges no KYC", check out this article.

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 480 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.