The cryptocurrency market has seen rapid growth, but for many, the process of buying Bitcoin and other digital assets can be daunting due to stringent Know Your Customer (KYC) requirements. These regulations often involve sharing personal information, which many find intrusive. If you’re looking for a way to buy cryptocurrencies without verification, this guide is for you.
We will review the best no-KYC crypto exchanges and trading platforms, discover how to buy Bitcoin without ID verification, and understand the pros and cons of using such non-KYC exchanges.
Key Takeaways:
- The best no-KYC crypto exchanges are MEXC, BingX, PrimeXBT, CoinEx, Changelly, Uniswap, dYdX, Hodl Hodl, PancakeSwap, and ProBit Global.
- The benefits of using exchanges without verification include enhanced privacy, the ability to trade anonymously, quicker access to trading platforms, and avoiding the hassle of submitting personal documents.
- Buying crypto without ID verification has drawbacks such as limited access to advanced trading features, lower crypto withdrawal limits, and risks of using unregulated platforms.
Non-KYC Crypto Exchanges Ranked: Our Top Picks
Here is our list of top 10 no-KYC crypto exchanges:
- MEXC: Overall Best no-KYC crypto exchange with low fees
- BingX: Highly secure and regulated cryptocurrency exchange
- PrimeXBT: No-KYC crypto platform for high-leverage trading
- CoinEx: Popular no-KYC crypto exchange to build altcoin profitable
- Changelly: Best for crypto swaps without verification
- Uniswap: Best no-KYC decentralized crypto exchange for ERC-20 tokens
- dYdX: Trade perpetual futures contracts without ID verification
- Hodl Hodl: Instantly buy Bitcoin without verification in a P2P manner
- Pancakeswap: Low fees no-KYC crypto decentralized exchange
- ProBit Global: Best centralized platforms for buying Bitcoin anonymously
Reviewing the Top Crypto Exchanges Without ID Verification
Explore our detailed guide to leading no-KYC cryptocurrency platforms that prioritize privacy:
1. MEXC
MEXC is our #1 choice as a no-KYC crypto exchange. The platform allows you to deposit, withdraw, and trade cryptocurrencies using only an email address, making it an attractive option if you seek privacy. It implements a tiered withdrawal limit system, catering to unverified and verified users. As an unverified account holder, which requires no ID verification, you enjoy a generous daily withdrawal limit of 10 BTC.
For users who opt to complete the KYC process, MEXC offers increased withdrawal limits. KYC Level 1 verification allows a daily withdrawal limit of 80 BTC, while KYC Level 2 verification increases this limit to 100 BTC. This tiered approach offers more options for those wanting to upgrade their account later.
MEXC supports 2,500+ cryptocurrencies and provides various advanced trading features, including spot trading, perpetual futures contracts, copy trading, and P2P trading. The exchange also offers 0% trading fees and a user-friendly interface, making it a top choice for both beginners and experienced traders. Read our detailed MEXC review for more information.
Pros
- No KYC needed for basic account setup and trading
- 10 BTC high withdrawal limits for unverified users
- 2,500+ altcoins and trading pairs available
- Offers futures trading without ID verification
- 0% fee for spot trading and 0.01% futures taker fees
Cons
- Limited fiat currency support for no-KYC accounts
- Regulatory restrictions in certain jurisdictions including the U.S.
- Does not offer options trading and margin trading
2. BingX
BingX is another privacy-focused and anonymous crypto exchange that does not require KYC verification. It provides spot trading, futures contracts with 125x leverage, and copy trading services. The exchange supports 800+ cryptocurrencies, including Bitcoin, Ethereum, and other major altcoins.
BingX’s no-KYC policy allows unverified users to withdraw without the need to submit personal identification documents. However, there are certain limits in place. Unverified accounts can withdraw up to 20,000 USDT daily, which is quite competitive compared to other crypto exchanges.
The platform also offers low trading fees, with spot trading fees set at 0.1% and futures trading fees at 0.02% (maker) and 0.05% (taker). BingX’s fee structure is designed to be affordable, particularly for active traders. Additionally, the exchange provides a user-friendly interface and robust security features, including cold wallet storage and two-factor authentication. Check out our complete BingX review here.
Pros
- No KYC required for withdrawals
- A wide range of cryptocurrencies is available
- Competitive trading fees
- User-friendly interface and mobile app
- Copy trading feature for beginners
Cons
- Advanced features like P2P and leverage trading require KYC
- No access to fiat currency deposits and withdrawals without verification
