Looking for No KYC exchanges?
|No KYC Exchanges with the Withdrawal limit|
|Non-KYC exchanges||Description||No KYC Withdrawal Limit|
|Bybit||Crypto margin trading exchange that does not require KYC.||2 BTC/24 hour|
|Binance (Editor’s choice)||Top volume exchange which does not require KYC unless you want to withdraw more than 2 BTC in 24 hours.||2000 USDT/24h|
|1Inchexchange||A DEX aggregator that can be used to exchange any amount of ERC20 tokens.||No limit|
|Bitfinex||Users wishing to deposit/trade/withdraw most cryptocurrencies are not required to verify their account||10 BTC/24h|
|Changelly||Another popular spot trading platform that does not require KYC.||2 BTC/24h|
|Orion protocol trade||Anonymously exchange tokens||No limit|
If you are, you have come to the right place.
I am going to tell you about a few altcoin exchanges that allow you to trade without going through the KYC and AML checks. Not only this, there are no withdrawal or deposit limits to stop you from buying/selling bags of altcoins.
Needless to say, this will be the norm once the decentralized exchanges increase their market share, which I think is going to take a while.
Tip: Its better to create a new email account using something like Protonmail which does not track your activities and use a browser like Brave or use any no logs VPN to accessing these no KYC exchanges more privately.
Until then, we can use these services, some of which are centralized and some of which are decentralized, to avoid KYC and AML to protect your privacy.
Binance is one of the best cryptocurrency exchange that supports all popular Altcoins and let you use the platform anonymously. You don’t need to do KYC if your daily withdrawal limit is no more than 2 BTC.
2022 update: Binance has updated the daily withdrawal limit for no KYC users, and now they allow daily withdrawal of 2000 USDT for users who have done basic verification.
For those looking for more than spot trading, you also get access to Margin and future trading on the same platform.
This exchange is registered in Malta and outside the jurisdiction of the USA, China or other countries that could ask for users’ data.
Note: Binance.com does not offer services to users from USA. If you are from USA, you should look at Binance alternatives or other anonymous crypto exchanges that I have listed below.
Bybit is a popular no KYC spot and derivative exchange. You can trade BTC, ETH, XRP, EOS, SUSHI, AAVE and USDT coin. Check out my review of Bybit to learn more about how this no KYC exchange works.
In 2022 BYbit has added many new tokens, and here you can withdraw tokens worth 2BTC daily without needing KYC.
Changelly, is a centralized Altcoin swapping service, which does not push you to complete the KYC or AML in order to use its services.
There is no ID verification registration that you need to do for using their services. For enhanced security, you can even use this service with a VPN.
This method, however, requires you to have supporting altcoins like LTC/ETH/DASH etc to exchange for BTC or any other supporting currency. If you have altcoins, you can buy Bitcoins in seconds with no verification using Changelly.
1Inchexchange is perhaps one of the best non-KYC exchanges out there for ERC20 tokens. It is a DEX aggregator which helps you get the best rates from decentralized exchanges like Uniswap, Sushi, and others. If your purpose is to do trading without worrying about KYC, this is the best website for you.
You can connect to 1inchexchange using metamask or any wallet connect supported crypto wallet.
Thorswap is powered by Thorchain, which is the world’s first Multi-chain DEX that provides an interface to perform the cross-chain swap. What that meant for you are, you will be able to exchange Bitcoin for Ethereum permissionlessly, and without KYC. There are many more chains that are supported by Thorchain, and it is one of its kind. They have started becoming popular in 2022, and anyone looking for no kyc crypto exchange should look into Thorswap.
BitSquare is a peer-to-peer marketplace for cryptocurrencies like BTC, ETH etc. It is a fully decentralized exchange which requires no name, email ID or verification so there is no question of KYC or AML.
Also, your privacy is secured because it uses Tor and doesn’t hold fiat or bitcoins on their servers or in their account. Currently, it supports 126 cryptocurrencies (including BTC) and is available on Windows, Mac, and Linux platforms. The trade volumes, however, are low.
The volume at the time of writing on this exchange is 4 BTC with 11 cryptocurrencies/crypto assets pairs listed on it.
Here is an introductory video on Bitsquare:
Orion protocol is a dark pool liquidity provider, and it also offers a trading terminal where you can anonymously exchange cryptocurrencies. The best part, you can also use your hardware wallet directly on this platform for exchanging.
Learn how to trade on Orion Protocol:
I think not requiring AML and KYC will become more mainstream this year because a lot of decentralized exchanges are in the pipeline which might put the centralized exchanges under pressure to get rid of the KYC requirements.
The best way to buy Crypto without KYC is using a permission-less swap. However, if you are first time looking to get into crypto without doing KYC, the best solution is via P2P exchanges.
In 2022, every non-KYC crypto exchanges require you to verify your account before depositing the funds, which in sort is a soft KYC. The best way to get USDT without KYC is by peer-to-peer exchanges using cash. If transacting in cash and crypto is not illegal in your country, you should find another peer who is willing to sell his USDT or cryptos in the form of cash. Further, you can use something like Rango.exchange to convert those cryptos into USDT.
Here are the P2P sites from where you can find peers who are willing to sell your USDT or cryptos in cash.
If you are not looking for a higher limit of withdrawal, then you can use Bybit or Binance without needing KYC. They have a daily limit of 2BTC and 2000 USDT for non-verified accounts respectively, which is good enough for small value traders.
There are new DEXs on other layers 1 blockchain like Solana, Atom and others that can be used for day-trading. However, the fees are not as low as centralized exchanges. This situation gets worse when you are trading on a DEX like Uniswap on Ethereum blockchain, as the ETH Gas fees make it impossible to trade on DEX.
In such cases, you should use a centralized non-KYC exchange. However, if you must not touch a centralized exchange and looking to only invest for the long term, using a decentralized exchange is ok, as they don’t require any kind of KYC. Just to improve your privacy, make sure you use a VPN when interacting with these exchanges.
The daily limit is 20,000 USD and the monthly limit is 50,000 USD. Please note that the daily and monthly limits include all fees.
No, Metamask does not need KYC.
You can use Bybit or Binance for buying small amount of Bitcoin without KYC. Though the bank processor might ask you for your ID’s fo adding funds to these exchanges.
Also, having AML and KYC goes against the basic tenant of decentralized currencies which is why we are witnessing the unprecedented development of decentralized infrastructure which is putting privacy at the forefront.
Well, that is all from my side.
Now it is time to hear from you: If you know more altcoin and cryptocurrency services that don’t require AML & KYC, share it with us in the comment section below.
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