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: Feb 15, 2024

Best Anonymous No KYC Crypto Exchanges

Highlights

  • We made a comparison table of all the non KYC crypto exchanges we could find. These are our top picks from that list which include MEXC, LBank, BingX, and more.
  • Non KYC exchanges let you trade from anywhere in the world using just an email. They are popular in the crypto community for their convenience, privacy, and access to additional trading features.
  • Keep in mind, most platforms don't let you access every feature (such as fiat purchases) unless you KYC. And some platforms IP-block certain regions, meaning you have to go something else or invest in a VPN.

Top Picks

MEXC Global

The top choice for trading thousands of altcoins with the lowest trading fees. 

  • 2,000+ cryptos
  • Zero spot trading fees
  • 300+ crypto futures
  • Unregulated in some areas
  • VPN might be required
Apex.Exchange

Top choice if you want a decentralized exchange for derivatives trading.

  • Powerful trading platform
  • Low fees
  • Up to 50x leverage
  • Only ~20 trading pairs
  • Less beginner-friendly
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
  • Slow purchases

Why We Like It >

What Are Non-KYC Exchanges?

Non KYC crypto exchanges allow users from anywhere in the world to open an account using just an email. They can usually deposit, trade and withdraw cryptocurrency without having to verify their identity. The main reasons people use non KYC exchanges include:

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

They also come in various forms like centralized exchanges (CEXs), decentralized exchanges (DEXs), and Peer-to-Peer exchanges (P2P).

It's important to note these platforms are generally unregulated, so they could have increased risks if you don't do your research. You can watch my video below for my top picks and a more detailed breakdown.

Best Non KYC Crypto Exchanges

Header

MEXC

LBank

ApeX

Phemex

LocalCoinSwap

Type

CEX

CEX

DEX

CEX

P2P

# Of Coins

2,000+

400+

20+

200+

11

Fiat Purchases

🚫

🚫

🚫

🚫

✅

Leverage

200x

125x

50x

100x

None

Number Of Users

10 million

7 million

?

5 million

?

24H Withdrawal Limit

30 BTC

0.5 BTC

No Limit

50,000 USDT

No Limit

Sign Up

While non KYC crypto exchanges are getting harder to find, there are still many choices available. I searched through Twitter, Reddit, and other online resources to find the best ones.

Here's an updated list of platforms where you can start trading and withdrawing funds immediately using just an email. 

MEXC Global

MEXC

2,000+

Coins

Free

Trading Fee

MEXC is the largest exchange on this list, clearly has the lowest trading fees, and offers 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

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.

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

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

BingX

BingX

700+

Coins

0.10%

Trading Fee

With 14 million users BingX is another leading non KYC exchange to consider. BingX averages billions in daily trading volume and offers 700+ coins and 200+ crypto futures.

They also have a strong reputation and security, offering a $400M insurance fund, proof of reserves, and no hacks.

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

  • Lots of coins supported
  • Good security and reputation
  • Competitive fees
  • Billions in daily trading volume

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)

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

Phemex

Phemex

200+

Coins

0.10%

Trading Fee

Phemex is a cryptocurrency exchange that has over 5 million users in more than 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

Other Platforms

StealthEx

StealthEx

700+

Coins

Varies

Trading Fee

StealthEx is a privacy-focused, non-custodial exchange where you can make cypto-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

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, 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 AtlasVPN 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 post has been updated over 7 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, popularity, 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.

Edits

The crypto industry changes quickly. Here is how this page is changing over time:

  • 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.

Wrapping Up

Lots of platforms like Binance, KuCoin, and Bitget have started to introduce mandatory KYC over the years. However, there are still many alternatives available. The best non-KYC platforms right now are MEXCApeX, 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.

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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