Best No KYC Crypto Exchanges

Finding truly private no-KYC trading platforms has become increasingly challenging. Many top exchanges have introduced partial KYC requirements, while others now restrict withdrawals or even freeze assets until users complete full verification.

To provide you with the best currently available options as of late 2024, we explored a mix of both centralized and decentralized exchanges, testing them for spot trading, futures, fiat onramps, and withdrawals.

Below is a quick overview of the top contenders based on our analysis.

1. BloFin

BloFin is our top choice for a no KYC crypto exchange, offering deep liquidity on crypto futures trading with up to 150x leverage. Founded in 2019 by Matt Hu, BloFin attracts roughly 900,000 monthly visitors who can withdraw up to $20,000 in 24 hours without submitting any identification documents.

The platform demonstrates rigorous security measures, including a 1:1 proof-of-reserves system currently holding $59.81 million. BloFin has earned a BBB security rating on CER.live, passing both penetration tests and bug bounty challenges.

Besides spot and futures trading for over 650 crypto pairs, users can explore demo trading, trading bots, copy trading, and yield products, all without KYC verification, though it is restricted in 45 countries as of late 2024.

• Fees: 0.02% maker and 0.06% taker fees.
• Supported Assets: Over 650 trading pairs.
• Deposit Methods: Cryptocurrency deposits, MasterCard, and VISA purchases.
• Additional Features: Unlimited futures trading with up to 150x leverage.

2. Bitunix

Bitunix is our top alternative for a crypto exchange with a good no-KYC tier as it offers all basic functionalities like spot and futures trading with a $500,000 USDT daily withdrawal limit. Founded in 2021, Bitunix now often sees daily trading volume of over $5 billion, while supporting over 500 trading pairs.

Bitunix also supports a proof-of-reserves system and holds 400% collateral for Bitcoin, 230% for Ethereum, and 150% for USDT. According to CER.live, Bitunix also scores a BBB rating while providing excellent no-KYC functionalities.

However, similar to other no-KYC exchanges, Bitunix is restricted in certain jurisdictions including the US, China, Canada, the UK, Japan, China, Hong Kong, and Singapore. Yet, Bitunix has licenses in both the United States and Canada, so it might get available there soon as well.

• Fees: 0.02% maker and 0.06% taker.
• Supported Assets: 500+ cryptocurrencies.
• Deposit Methods: Cryptocurrency deposits, fiat purchases with debit and credit cards.
• Additional Features: Futures trading with up to 100x leverage and no-KYC withdrawal limit of 10 BTC per day.

3. Hyperliquid

For those familiar with using decentralized exchanges and crypto wallets, Hyperliquid is the best no-KYC option. The platform operates as a decentralized perpetual exchange, offering up to 50x leverage and processing nearly half of the total DeFi perpetual trading volume.

Most known for its recent HYPE token launch and airdrop, Hyperliquid has become popular among experienced on-chain traders. To start trading, users can connect via a decentralized EVM-compatible wallet such as MetaMask or WalletConnect, or choose an email onboarding process.

Hyperliquid supports USDC as collateral and uses ETH as gas on the Arbitrum network, which ensures efficient on-chain transactions. The platform has smooth onboarding, allowing users to easily deposit and trade with no gas costs, with clear instructions for placing perpetual contracts.

• Fees: 0.010% maker and 0.035% taker fees.
• Supported Assets: 50+ trading pairs, focused on perpetual contracts.
• Deposit Methods: Cryptocurrencies (USDC and ETH) on Arbitrum.
• Additional Features: Decentralized perpetual exchange with up to 50x leverage.

4. CoinEx

Established in 2017, CoinEx offers a variety of no-KYC options, including a 24-hour withdrawal limit of $10,000 and a 30-day limit of $50,000. Users have access to spot and margin trading, as well as a futures account with up to 100x leverage across 200 trading pairs.

With a daily trading volume of around $1 billion, CoinEx has a BBB rating on CER.live and provides proof-of-reserves showing $865 million in assets. Approximately 10% of these assets are in CoinEx's own token, CET, with the rest in Bitcoin, Ethereum, Dogecoin, and stablecoins like USDT and USDC.

CoinEx also offers a range of features such as P2P trading, pre-token trading (buying tokens before they are officially listed), and financial services like staking, loans, mining, and a dedicated airdrop tab.

• Fees: 0.03% maker / 0.05% taker fees.
• Supported Assets: 200+ trading pairs.
• Deposit Methods: Cryptocurrencies, bank transfers, and credit/debit cards.
• Additional Features: Staking, loans, mining, and a dedicated airdrop tab.

5. Jupiter

Jupiter is the most well-known Solana DEX aggregator, processing about $3 billion in daily volume entirely on-chain. Solana traders highly praise Jupiter for its low fees, excellent spot market rates, and the availability of 100x leverage on perpetuals.

However, many may not know that Jupiter also provides convenient fiat-to-crypto on-ramp functions without requiring KYC. During our experimentation, we tested both EUR and USD deposits using two distinct methods on the onboarding page.

For EUR, we chose SEPA Instant as a payment method, which provided Onramp Money as an option without needing ID or other documents. For USD, we used Instant Automated Clearing House, allowing us to purchase SOL via Stripe without KYC.

• Fees: 0% on spot swaps and 0.06% for maker/taker on perpetuals.
• Supported Assets: Aggregator supporting 1000+ tokens across the Solana blockchain.
• Deposit Methods: Cryptocurrencies and fiat onramp via SEPA and ACH.
• Additional Features: Limit orders, DCA automation, trading bots.
  

What is a No KYC Crypto Exchange?

A no KYC crypto exchange is a platform where users can trade, open leverage positions, or exchange fiat for crypto and vice versa without verifying their identity. By removing the requirement for personal documents, no KYC exchanges offer a straightforward way to access crypto markets without lengthy verification processes.

Since 2023, most centralized crypto exchanges have begun requiring at least a basic level of KYC (national ID), and this trend is expected to continue. This has made decentralized exchanges a popular alternative, as virtually all of them do not require you to expose your true identity, with all transactions conducted on blockchains like Ethereum, Solana, and Arbitrum.

Are No KYC Exchanges Legal?

The legality of no KYC exchanges varies depending on the jurisdiction, as some countries require identity verification for financial transactions. It is essential for users to check local regulations to ensure compliance when using such platforms.

Examples of regulatory bodies include FinCEN in the US, FCA in the UK, and ESMA in the EU. These regions often enforce identity verification requirements to combat illicit activities and ensure compliance with financial regulations.

While Trump’s 2024 re-election may signal potential crypto-friendly changes in the US, KYC measures are unlikely to be reversed globally. In the EU, the upcoming MiCA regulations in 2025 could further tighten requirements, even for decentralized exchanges (DEXs).

How Many No KYC Exchanges Are There?

If we don't count the 900+ active decentralized exchanges, there are probably fewer than 10 legitimate centralized exchanges left with solid no-KYC features.

The options will likely grow even tinier as many exchanges that other publishers online still rank as no-KYC have long since implemented mandatory KYC requirements or significantly limited their no-KYC offerings.

Here is a list of exchanges that are no longer no-KYC:

• Bybit: Only offers crypto withdrawals of $20,000 USD daily, but no fiat deposits/withdrawals or crypto deposits, and no trading without KYC.
• MEXC: MEXC added KYC requirements for all users by June 30, 2024, but still allows a daily withdrawal limit of 10 BTC without KYC, although OTC trading isn't available.
• Changelly: Changelly was a popular exchange in no-KYC rankings and was endorsed by Ledger, but has since added KYC/AML policy, leading to reported issues with stuck assets.
• Rollbit: Rollbit is a top crypto exchange and betting site that may allow certain users to wager high volumes without KYC, but requirements vary depending on location and are split into 5 levels.
• Binx: Binx is often mentioned as a no-KYC CEX, but users cannot deposit, use P2P, or participate in launchpads, and can only withdraw up to $20,000 daily.

How to Buy Crypto Anonymously?

The best way to buy crypto anonymously is to use one of the no-KYC exchanges from this article, such as BloFin, Bitunix, or CoinEx, or an onramp gateway like the one from Jupiter. Alternatively, you can use peer-to-peer (P2P) platforms for direct exchanges.

A popular choice for Bitcoiners is Bisq, although it requires downloading dedicated software to your computer. Additionally, many users give Hodl Hodl high reviews for P2P Bitcoin trading.

Another option is to use an established centralized exchange for P2P transactions. While some will require KYC for account creation, you can still use the P2P platform anonymously afterward. Once you acquire crypto, you can transfer it to a DEX like Hyperliquid for further trading.

If you are going to use this alternative method, we suggest finding an exchange with high P2P activity as that will give you higher security. Here is the most up-to-date list using p2p.army.

Bottom Line

Using no KYC exchanges allows individuals to participate in the crypto market with greater autonomy and discretion. However, recent regulatory changes worldwide have substantially reduced the number of such options.

Despite this, the demand for privacy will continue to drive innovation, ensuring that new privacy-focused platforms emerge, with decentralized exchanges like Hyperliquid and Jupiter setting the standard for now.