What Are the Best No KYC Crypto Exchanges?

The best no KYC crypto exchange is what you’ll find here.

Registering with KYC data might discourage you from using a modern exchange.

This is why it helps to understand what KYC, the likely benefits or drawbacks are. “Know Your Customer” data helps businesses to protect themselves from fraudsters, but you don’t need to offer yours. 

Here’s how to buy crypto without KYC in our review of the best non KYC crypto exchanges.

What Is KYC in crypto?

In crypto, “Know Your Customer” verification uses our personal data to register on regulated exchanges. Since money laundering and tax evasion has increased due to crypto, this data is often required by businesses licensed by a jurisdiction. 

If the decentralized exchange you use asks for this data, it’s because they are likely required by their regulators.

Uphold

• High-level security
• Easy, intuitive operations
• Excellent customer support

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4.2

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The data, itself, consists of your name and verified address. This calls for an acceptable ID card. Additional documents include utility bills, face and biometric verifications.  

Keep reading if you want to find which non KYC crypto exchanges don’t ask for this information. Get ready to learn how to buy crypto without KYC.

Our Best No KYC Crypto Exchanges

Crypto was created to keep money and users anonymous, so revealing your identity might go against the philosophy that you believe in. There’s still a number of no KYC exchanges.

PrimeXBT

• Intuitive user interface
• Wide range of markets
• High-level security

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4.1

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Here’s our top list of no KYC crypto exchanges where you can open an account today.

PancakeSwap 

As a non KYC crypto exchange, this option is easy to start with. 

PancakeSwap (see review) is not just a cool name, it’s a crypto platform that securely operates off of the Binance blockchain.

As of late, the exchange uses its third-generation technology, making PancakeSwap fast, secure and easy to get started with. As a decentralized exchange, this platform makes sure that your personal data remains yours and yours alone. 

Though you will have to register with this exchange, KYC data will not be requested to do so. Among crypto exchanges with no KYC, PancakeSwap is open to Americans.

Uniswap

We hold Uniswap in high regards on this list of crypto exchanges without KYC verifications.

What Uniswap (see review) offers as an automated market maker (AMM) is secured through staking of its UNI token. We like it because the platform operates as an ERC-20 token, meaning you can interact with Ethereum with ease. For basic accounts, you won’t need your KYC credentials. 

However, savvy investors looking to sake UNI tokens might need to register to become liquidity providers. Uniswap is an open source blockchain, making it customizable to your needs. 

ZenGo 

Here’s a crypto exchange without ID verification.

You will have to register your account, but the platform does not require KYC data. 

Zengo (see review) is also a nice option to consider, because it eliminates the need for passcodes, and yet, the exchange is highly secure and reliable.

It takes the average person a minute to sign up. This app is, technically, a wallet, but its mobile interface offers all you need for trading, exchanging and swapping. 

This no KYC crypto exchange for USA is also known for its robust customer service, and currently you’ll find all the major tokens for payments or those for using and surfing web3.0.

Zengo

• Simplified user interface
• In-app buying and selling

Zengo

4.7

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Exodus

With the rest of our no KYC crypto exchanges, this option helps you remain anonymous. 

Exodus (see review) makes exchanging crypto while being mobile super easy.

Think of this option as a multi-crypto wallet where you not only hold various assets but where you can also connect to the larger world. What made this wallet such a hot item is its non-custodial nature.

You will be the owner of your own assets and the passcodes that protect them.

What tops this all is that you won’t need KYC verification. In fact, you don’t even need to sign up. Just download the app, and everything then gets managed on your mobile device.  

Changelly 

For more flexibility among crypto exchanges that don’t require KYC, we suggest Changelly. 

Changelly (see review) has a great feature that keeps its users anonymous.

Through its integration APIs, the platform has become an ideal choice for developers in crypto and blockchain. You’ll also find what’s among the fastest transactions, which complete instantly.

The only odd point about Changelly is its regulation.

In the manner it speaks, it’s hard to tell if it’s an unregulated crypto exchange or not. However, it’s available to U.S. users and 200 other countries. On it, you’ll find roughly 500-crypto assets and a simple dashboard to trade them on. 

ChangeNow

You can also buy crypto with no KYC on ChangeNow (see review). 

As a non-custodial exchange, you won’t have to store your crypto on the ChangeNow platform.

What’s also impressive are the 700-plus crypto assets it offers. Though appearing on this list, there are some basic restrictions for accounts that don’t register through KYC.

Submitting your KYC verification, however, isn’t required.

The platform is secure, easy to use and comes in both a web browser and mobile option. If you’re just buying crypto, there’s no need to register. Simply download the app, and begin buying or exchanging.

Why Use No KYC Crypto Exchanges?

Investors prefer using a crypto exchange without KYC because it holds fast to the promises that crypto first emerged on the scene with. With easy regulation, there are KYC-free exchanges that accept US investors, so you’ve plenty of wiggle room here.

However, you might be particular about how you invest and should know why or why not KYC is beneficial to you. 

Data Breaches 

If you store your KYC on an exchange, that data becomes vulnerable to hacks. Although, hacking might not happen, if it does, it’s best not to have given the site your personal data. 

Decentralization

Decentralization is a tricky thing to achieve. When someone receives your data, interestingly, they become a central entity in charge of managing that data. You decide if this happens. 

Additional Fees

Maintenance fees are expected to be higher on exchanges that require KYC verification from you. This is because of the regulations and systems in place to collect the data and protect it. The exchange will transfer that cost onto you and other users. 

VantageFX

• Regulated broker
• Crypto trading on MT4 and MT5
• Crypto CFD trading

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3.9

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Investing in CFDs carries high risks.

Are There Risks In Using No-KYC Exchanges?

Here are some of the risks you might encounter with or without using KYC verification:

1. Vulnerability—Sites that require KYC are often supported by regulators so that if your funds are stolen, insurance might be there to help you out. 
2. Investing Regulation—Platforms with KYC registry are more likely to protect your trading history because such exchanges are regulated. If that exchange is isolated by the SEC, for example, then the penalties are heavier if they didn’t get KYC from you. 
3. Credibility/Trust—Though not the rule of thumb, a site that asks you to register shows a healthy level of credibility. You can be confident, to a certain degree, that the site operates legitimately. 

How to Buy Crypto On a No KYC Exchanges

Your P2P crypto exchange with no KYC data will accept both crypto and card payments. Depending on your bank or creditor, your card payment may not go through. However, apart from often not needing to register, you will trade and exchange crypto like any other platform, following these simple steps:

1. Research and Sign Up: Start by identifying exchanges that do not require Know Your Customer (KYC) verification. Ensure the platform is reputable and secure by checking user reviews. Sign up using only an email address, or trade directly from a wallet if the exchange allows.
2. Secure and Fund Your Account: Use strong passwords and enable two-factor authentication if available to secure your account. Transfer funds to the exchange, using cryptocurrencies like Bitcoin or Ethereum, as many no KYC exchanges do not accept fiat currencies.
3. Place and Complete Your Order: Choose the cryptocurrency you wish to buy and place a market or limit order. Once executed, the cryptocurrency will be credited to your exchange account. Always double-check transaction details before confirming.
4. Withdraw and Stay Informed: Transfer your purchased cryptocurrency to a personal wallet for added security and full control. Regularly check the exchange for updates or changes in terms of service to remain compliant and secure.

In most cases, however, you will need to start off with a secure payment option other than crypto. Some no KYC exchanges allow you to connect an existing wallet with crypto. Others ask for cash. If you already have Bitcoin, connecting a wallet to an exchange gives you access to more features in terms of depositing and transferring your funds. 

Conclusion

There’s nothing fraudulent in working with crypto exchanges that don’t require KYC.

However, you must still take precaution to protect your own funds from theft, loss or misplacement. For investors hoping to keep their identities private, the list above works. 

With these exchanges, you won’t be penalized by regulators, and you won’t even need to register in many cases. Simply download the apps, connect a wallet or use a credit card. If you are looking for a simpler option, a platform such as AvaTrade could, for instance, be great for you.

AvaTrade

• Reputable Broker
• Diversification through ETFs Cryptocurrency
• CFD Trading

AvaTrade

4.4

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