Looking for the best anonymous crypto exchanges? There are many platforms that do not require ID or KYC to deposit, trade and withdraw cryptocurrency. However, you need to make sure it's safe and reputable.
Here at RankFi, we've reviewed over 50 cryptocurrency exchanges and are sharing the 3 best platforms that let you trade without KYC. Each platform on this list has at least 1 million users and has been around for a few years. Here are the top picks based on looking at safety, popularity, fees, features, and other criteria.
KuCoin tops the list because it's the largest centralized exchange in the world without KYC. Advanced trading, derivatives, 700+ coins, and low fees and much more are what KuCoin offers. The token launchpad, credit card buys and some specific features do require verification. However, spot trading, derivatives, trading bots, and most things only require an email address. Full Review...
Spot trading, derivatives, 0.10% trading fees, and lots of features are what you'll find on Bybit. The platform only requires an email to trade and they have attracted over 5 million users around the world. While it doesn't have the same trading volume or coins as KuCoin, Bybit is still quite large with hundreds of millions in daily volume. Full Review...
AscendEx is a Singapore-based exchange founded in 2018 with 1 million users. The trading fees are 0.20% for altcoins and 0.10% for large-cap coins. They have roughly $100M in daily trading volume according to CoinMarketCap and it's easy to start trading with just an email address, no KYC required. Full Review...
What Are The Risks of Anonymous Exchanges?
Using a non-KYC exchange poses risks, such as locking your funds and more. Here are some tips to keep in mind:
In our opinion, these are the best non-KYC exchanges at the moment. Each platform has at least one million users, some have even more, and they have all been around for a few years. Plus, they have high liquidity, hundreds of coins, and low trading fees.
There are a few risks to be aware of when using an anonymous crypto exchange, but if you take the necessary precautions, they can be a great way to trade without having to go through KYC. Even so, always be careful when storing your crypto on centralized exchanges, no matter how safe they seem.
You should also check out the best decentralized exchanges since those do not rot require KYC either.