7 Best No KYC Crypto Exchanges (Ranked and Reviewed)

Discover the best crypto exchanges without KYC that have at least 1 million users, high liquidity, and a good reputation.

Updated: May 22, 2024

Best Anonymous No KYC Crypto Exchanges

Highlights

  • Non KYC exchanges let anyone, anywhere start trading crypto with as little as an email address. They're popular for their convenience, privacy, and variety of trading features.
  • Our top choice right now is BYDFi, as it requires no KYC or VPN. You'll find 500+ coins and crypto futures at low fees.
  • BingX is another great choice. It has lower fees and 700+ coins. However, most people will probably need to buy a VPN to access it.

Overview (Top Picks)

BYDFi

The best exchange where no KYC and no VPN is required, yet still has low fees!

  • 500+ cryptos
  • No KYC + No VPN
  • 180+ crypto futures
  • Higher fees on small altcoins
  • No proof of reserves
BingX

The largest and best platform with low fees, but most users probably need to buy a VPN.

  • 700+ cryptos
  • 0.10% spot trading fees
  • Highest trading volume
  • 14+ million users
  • You might need a VPN

Why We Like It >

LocalCoinSwap

The top choice if you want to buy crypto using fiat currency without KYC.

  • Supports fiat purchases
  • 300+ payment methods
  • Relatively easy to use
  • Higher fees overall
  • Slow purchases

Why We Like It >

What Are Non KYC Exchanges?

Non KYC exchanges let anyone, anywhere start trading crypto without needing to verify their identity. With as little as an email address or crypto wallet, you can deposit, trade, and withdraw crypto on these platforms with ease. Reasons people use these platforms include:

  1. Convenience (easy registration)
  2. Increased privacy
  3. Access to more trading features (altcoins, derivatives, etc)
  4. They're underage or don't have a valid ID

These exchanges are generally unregulated which can have increased risks. However, it doesn't mean they're unsafe. You just need to research their security and make good choices. They are also come in different forms like centralized exchanges (CEXs), decentralized exchanges (DEXs), and Peer-to-Peer exchanges (P2P).

Best Non KYC Exchanges

Here are the best non KYC exchanges based on our comparison data and personal experience testing each platform:

  • BYDFi: Best No KYC, No VPN Option (Top Pick!)
  • BingX: Best Overall (If You Have A VPN)
  • LocalCoinSwap: Best for Fiat Purchases
  • MEXC: Former #1 Pick (But KYC Soon)
  • LBank400+ Coins Supported
  • Phemex: 200+ Coins Supported
  • ApeX: Decentralized Exchange

Keep in mind, some features on these platforms, like fiat purchases, might be restricted without KYC. Other platforms have geo-blocks in certain places, meaning you can't use it unless you invest in a VPN (like Surfshark or NordVPN).

BYDFi

BYDFi

500+

Coins

0.1% to 0.3%

Trading Fee

BYDFI is my top pick because it does not require KYC or a VPN, making it the easiest to sign up for. You'll find a wide selection of coins and low trading fees, especially for futures.

The spot trading fee is 0.10% for most coins, but up to 0.30% for smaller altcoins. Futures trading fees are a 0.02% maker fee and 0.06% taker fee, which is near the industry average.

When it comes to security, BYDFi does not have a proof of reserves. However, they still hold a good reputation. They were founded in 2019 and have never been hacked or lost user funds. And they have over 500,000 users with billions in trading volume. If you don't want to invest in a VPN, BYDFi is one the best non KYC platforms. Full Review...

  • Withdraw up to 0.5 BTC per day without KYC
  • Hundreds of coins and futures pairs
  • No VPN required

BingX

BingX

700+

Coins

0.10%

Trading Fee

BingX is also a great non KYC exchange because they have everything you need. 700+ coins, 200+ crypto futures, copy trading, and more.

It's better overall than BYDFi however, many regions will need a VPN to use BingX. Otherwise, they'll be geo-blocked (you can check out NordVPN for a low cost VPN).

BingX has 14 million users and several billions in daily trading volume. They also check many boxes when it comes to security like proof of reserves, no hacks, and a $400M insurance fund.

If you want a reputable platform with lots of altcoins and competitive fees, there’s a discount to BingX below.

  • 700+ coins supported
  • Good security and reputation
  • Competitive fees
  • Billions in daily trading volume

LocalCoinSwap

LocalCoinSwap

10+

Coins

0%-1%

Trading Fee

LocalCoinSwap is our top pick if you want to buy crypto using fiat. It's a Peer to Peer exchange that supports 300 payment methods like PayPal, Cash App, Zelle, bank transfer and interac e-transfer.

Once you find a trusted seller with good reviews, you can place your order and wait for them to send the Bitcoin or crypto directly to your wallet. To ensure the buyer and seller stay safe, the money gets held in escrow until the transaction is complete. If an issue arrises, you can easily start a dispute.

Keep in mind, with P2P exchanges, you are paying a premium which can be 5%-20% above market prices. This is the cost of using P2P exchanges.

  • Buy and sell crypto using over 300 fiat payment methods 
  • Most countries are supported
  • Lots of sellers and no KYC required

MEXC Global

MEXC

2,000+

Coins

0.10%

Trading Fee

MEXC is my former #1 platform, but now they're asking some regions to KYC. They will probably become full KYC soon, so it's probably best to skip them.

They are largest exchange on this list, have the lowest trading fees, and offer the most coins by far, at over 2000.

They list tokens quickly, so you can trade the latest meme coins, Ai tokens, or whatever is trending at the moment. The derivatives are popular as well, with 300+ crypto futures and up to 200x leverage.

The trading volume is also high. With over 10 million users, the platform average billions in daily trading volume, allowing you to get fast execution on your trades. Check out MEXC if you want to trade thousands of coins at the lowest trading fees. Full Review...

  • Withdraw up to 30 BTC per day without KYC
  • Largest selection of coins
  • Billions in daily trading volume
  • 80/100 trust score from Certik

LBank

LBank

400+

Coins

0.10%

Trading Fee

LBank is a good platform to consider since it averages billions in daily trading volume and has competitive spot and futures trading fees.

Founded in 2015, LBank is a global crypto exchange with 7 million users. It's available in 200+ countries and does not require mandatory KYC.

Users can trade 400+ cryptocurrencies and 240+ futures pairs with up to 125x leverage. There's also other trading tools like copy trading, staking, and crypto loans. Non-verified accounts can withdraw 0.5 BTC per day. Full Review...

  • 400+ cryptocurrencies and 240+ crypto futures
  • Competitive trading fees
  • Never had any hacks (founded in 2015)
  • Billions in daily trading volume

Phemex

Phemex

200+

Coins

0.10%

Trading Fee

Phemex is a cryptocurrency exchange with over 5 million users in 200+ countries. Users can quickly sign up with just an email and have access to a daily withdrawal limit of 50,000 USDT.

Non-KYC account can enjoy a variety of trading features, such as spot trading, margin, futures, copy trading, and more. And you'll find 200+ cryptocurrencies and 150 contract pairs with up to 100x leverage. 

  • Withdraw up to $50,000 USDT daily
  • High derivatives trading volume
  • Over 5 million users in 200+ countries

ApeX Exchange

ApeX

20+

Coins

0.02%/0.05%

Trading Fee

If you're looking for a decentralized exchange for derivatives trading, ApeX offers over 20 perpetual contracts with up to 50x leverage and low trading fees. 

It feels like a centralized exchange, but you don't even need an email to sign up. Just connect your crypto wallet and deposit USDC to start trading without any KYC requirements.

ApeX makes our list because it was created by Bybit, a popular centralized exchange with over 22 million users. Bybit recently introduced mandatory KYC, so their decentralized alternative, ApeX, is a good option. Full Review...

  • Clean user interface
  • Great for advanced traders and leverage
  • Non-custodial platform
  • Created by Bybit (Trusted CEX with 22 million users)

Other Platforms

StealthEx

StealthEx

700+

Coins

Varies

Trading Fee

StealthEx is a privacy-focused, non-custodial exchange where you can make crypto-to-crypto swaps or buy crypto with fiat in 90 seconds without having to KYC or even create an account. You can buy 9 cryptos with 10+ fiat currencies as well as swap 700+ coins cross-chain.

All you need is an email address, wallet address, and payment method and crypto will be sent directly to your wallet. Some transactions can have higher fees, however it's the fastest and easiest way to trade Bitcoin or altcoins on this list. Full Review....

  • Swap 700+ tokens cross-chain, including from EVM to non-EVM chains
  • Buy crypto with 10+ fiat currencies in under 90 seconds
  • No registration or sign up needed
  • Non-custodial (sends crypto directly to your wallet)
  • Accepted payment methods include credit/debit, Apple Pay and Google Pay

AscendEX

AscendEx

350+

Coins

0.20%

Trading Fee

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...

  • Withdraw up to 2 BTC per day without verification
  • 1 million users in 180+ countries
  • 10% discount on trading fees with this link

Comparison

Header

BYDFi

BingX

LBank

Phemex

LocalCoinSwap

Type

CEX

CEX

CEX

CEX

P2P

# Of Coins

500+

700+

400+

200+

11

Fiat Purchases

🚫

🚫

🚫

🚫

βœ…

Leverage

200x

150x

125x

100x

None

Number Of Users

500K

14 million

7 million

5 million

Unknown

24H Withdrawal Limit

0.5 BTC

?

0.5 BTC

50,000 USDT

No Limit

Sign Up

What Is KYC?

KYC stands for 'know your customer' which refers to verifying the customer's identity. It involves the user providing their government issued ID, name, address, and personal information before they can start transacting. In general, KYC exists to help prevent fraudulent transactions, money laundering, and criminal behavior. 

Are Non-KYC Crypto Exchanges Safe?

Generally speaking, non-KYC crypto exchanges are less safe because they lack the regulations, licenses, and consumer protections of their regulated peers. If you decide to use one, it's important to do your research, pick your platforms carefully, and approach it with caution. In the case of bankruptcy, hack or collapse, you could lose your funds permanently.

Tips for Non-KYC Exchanges

Using a non-KYC exchange poses risks, such as less consumer protections, potentially locking your funds, and more. Here are some basic tips to keep in mind:

  • If a platform is not working, you are likely getting geo-blocked based on your IP address. This is fixable with a VPN like Surfshark or NordVPN.
  • Test your account with a small amount of crypto first to ensure everything is working as it should - especially for withdrawals.
  • Don't hold large amounts of crypto on centralized exchanges. Do your trades and get out.
  • Look out for announcements from the exchange, as they may introduce KYC requirements in the future.
  • Avoid new or small platforms that do not have a track record.

Methodology

This page has been updated 10+ times to reflect recent changes, such as Binance, KuCoin, and Bitget now requiring mandatory KYC. Each platform was chosen based on various criteria like security, fees, and ease of use.

  • Security: Looked for platforms with robust security features, have been operating for at least a few years, and have a good reputation according to online reviews.
  • Platform Size: Platforms with an established track record, higher trading volume, and 1+ million users were given a higher ranking.
  • Ease of Use: The platforms below let you quickly deposit, trade, and withdraw crypto using just your email address. However, keep in mind that most of them have limited features without KYC, such as the inability to make fiat purchases.
  • Features: Number of supported altcoins, account types such as spot and margin, and more. For an extensive list of criteria to consider when choosing a crypto exchange, refer to this article.

Closing Thoughts

Over the years, many platforms like Binance, KuCoin, and Bitget have started to introduce mandatory KYC. However, there are still many alternatives available. Our best non-KYC platforms right now are BYDFi, BingX, and LocalCoinSwap. I've also included DEXs and other platforms in case these platforms introduce KYC in the future.

These are the best and largest non-KYC exchanges at the moment. You should also check out the best decentralized exchanges, since those do not require KYC either.

Edits

The crypto industry changes fast. Here is how this page has been edited over time:

  • Apr 2024: BYDFi added. MEXC removed from #1, as they are asking some regions to KYC.
  • Feb 15, 2024: BingX added.
  • Jan 23, 2024: LBank added.
  • Nov 17, 2023: LocalCoinSwap added.
  • Sep 3, 2023: Bitget removed from the list. They are adding KYC October 1, 2023.
  • Aug 25, 2023: Bitget added to the list. They do not have mandatory KYC.
  • June 28, 2023: Unfortunately, KuCoin announced they will require mandatory KYC effective July 15, 2023.
  • June 12, 2023: Added StealthEx to the list. First time it came across our radar.
  • May 6, 2023: We removed Bybit from the list. They introduced mandatory KYC effective on May 8, 2023.

Author

At RankFi.com, our goal is to be your trusted source for crypto reviews, guides and research. We seek out researchers with extensive crypto knowledge and firsthand experience using dozens of CeFi and DeFi platforms.

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