Best No-KYC Crypto Exchanges in 2025: Trade Altcoins With No KYC

A no-KYC crypto exchange offers largely the same benefits as standard exchanges without the complexities associated with “Know Your Customer” (KYC), like sharing personal info and documents. This change results in higher privacy, near-full trading anonymity, and quicker access to the platform’s services.

To help you find a good no-KYC exchange, we’ve prepared quick reviews of the top ones and a complete guide for these platforms, covering their legality, benefits, risks, and more.

Reviews of the Top 7 Best No-KYC Crypto Exchanges

Before we cover all the information you need on no-KYC exchanges, let’s review the top 7 platforms you should consider joining.

1. Best Wallet DEX

Best for: Instant KYC-free crypto purchases

Best Wallet is a new player on the software crypto wallet market. It’s a mobile non-custodial wallet that offers an integrated decentralized exchange (DEX). Through it, you can buy, sell, and swap coins and tokens on over 60 chains, including both popular and niche ones.

This leads to the ability to trade thousands of cryptocurrencies, including top coins and tokens on networks like Ethereum, Polygon, and Binance Smart Chain. More than that, Best Wallet focuses on supporting new tokens and being a trendsetter for new meme coins, so you’ll find various niche cryptos that aren’t (yet) available elsewhere.

To trade all these, you need an account and the mobile app. You can download the app like any other, while registration on Best Wallet is quick and easy. No documents or personal information other than your email are needed. When you create a profile, you can start trading on the best non-KYC crypto exchange.

Key features and functionalities:

• Buy crypto — You can use the wallet to buy crypto with fiat payment methods supported by the integration of Onramper.
• Trade crypto — The integrated DEX allows you to trade thousands of cryptocurrencies found on the 60+ chains Best Wallet supports.
• Store crypto — Being a non-custodial mobile wallet, Best Wallet offers a secure method of storing all the crypto you trade through the integrated DEX.
• Deposit and send crypto — If you have crypto on other exchanges and wallets, you can easily deposit it into Best Wallet. You can also send your crypto to any address while paying transparent gas fees.
• Swapping — You can swap on- and cross-chain through the wallet or DEX.
• Staking — You can stake many cryptocurrencies in the app. It also includes exclusive staking partner offers.
• BEST token — Best Wallet uses a native token with the same name, and holding it offers benefits like zero gas fees and airdrop rewards.

2. Margex

Best for: Derivatives trading without KYC

Margex is a self-proclaimed ‘crypto trading boutique’ — a marketing strategy that aims to show how bespoke the crypto trading services on this platform are. The exchange lets you buy and trade crypto and perpetual futures with up to 100x leverage. You can also convert crypto, while copy trading and staking are also available.

Margex is best suited for derivatives, as the company has poured most of its resources into them, as is clear from the user-friendly platform and high leverage.

More than that, you get to trade perpetual futures without completing a KYC process. You only need an email address to get started, but to unlock higher withdrawal limits and other benefits, you’ll still need to verify your identity.

 

Margex offers new traders a straightforward $50 registration bonus, a $50 deposit bonus, and even a 50% discount on trading fees when placing long and short positions. The site also has a referral program with as much as 40% commissions on each referral.

The platform comes with a 0.019% maker fee and 0.06% taker fee. The former is in line with what the majority of trading services offer, but the taker fee is slightly higher, as the common value is 0.05%.

Margex makes things easier for beginners through its straightforward copy trading capabilities. You get a list of top traders with their track records, and you only need to choose one. Once you do, enter the amount you want the copy trading feature to work with and let the system start.

3. BloFin

Best for: High-volume traders seeking privacy

BloFin is a crypto trading platform that’s been operational since 2019. It offers spot and futures trading, the option to buy crypto using over 80 fiat currencies, copy trading, and staking. The platform covers over 500 trading pairs for futures trading and over 250 pairs for spot trading. Moreover, futures come with leverage of up to 150x.

Besides copy trading, which lets you easily follow experienced traders, BloFin also offers bots that you can use to automate your trades.

BloFin also offers promotions, most of which can be found in the Rewards Hub. For example, new users can win up to 5,000 USDT if they complete specific tasks that are fairly straightforward and require them to deposit and trade.

And yes, this is a no-KYC crypto exchange. However, it uses a tiered system like most others on this list. Without KYC, you get to deposit and engage in spot and futures trading, but with a limit of 20,000 USDT for withdrawals. You must verify your identity for everything else, including higher withdrawal limits.

Your daily withdrawal limit will increase based on the information you have verified. If you confirm your personal info only, the max daily limit is 1 million USDT. If you prove your address, the limit doubles.

4. KCEX

Best for: Futures and spot trading anonymously

KCEX is a novel cryptocurrency exchange that started operations in 2021. It focuses on user-friendliness and both spot and futures trading.

Because it is new, it offers many incentives for new users, including 0% maker and taker fees on spot trading and only 0.01% taker fees for futures. Moreover, it offers various rewards for completing tasks as a new user, like KYC verification.

Speaking of KYC, it’s not a requirement for basic features, but you must do it if you want to unlock the full suite of capabilities and higher withdrawal limits. Moreover, many promotions require you to be verified to get the rewards.

However, unlike many other exchanges with low limits on no-KYC accounts, KCEX lets you withdraw up to 30 BTC a day, which is more than enough for most beginners and probably most experienced traders.

KCEX lets you trade over 500 cryptocurrencies and has around 700 trading pairs. Sometimes, it lists niche and emerging coins and tokens. Futures trading comes with up to 100x leverage.

The platform is also available in many parts of the world, imposing fewer restrictions than others and consequently being available in markets where the number of exchanges is low.

5. BingX

Best for: Copy trading without KYC

BingX is an international crypto exchange established in 2018. It offers a suite of services for active crypto traders, including spot and futures trading, P2P trading with decent activity, quick crypto purchase, staking, OTC trading, and copy trading. It even offers a detailed set of charts you can customize with its TradingView integration.

It’s especially regarded for its copy trading capabilities, letting you automatically replicate trades from many experienced traders. Every pro trader comes with detailed performance statistics so you can easily gauge their capabilities before following them.

As for no KYC, BingX lets you trade with smaller balances without going through verification, which also covers copy trading, making it ideal for beginners. Even for more expert users, it’s still a great choice due to its advanced features and no limits after verification.

BingX does stand as one of the best no-KYC exchanges, offering standard and perpetual futures with leverage of up to 150x on more popular pairs. It covers over 1,000 cryptocurrencies and around the same number of trading pairs, a substantial number compared to its competition.

Spot trading largely comes with 0.01% fees for both makers and takers, while futures carry an industry-standard 0.02% fee for makers and 0.05% for takers.

6. Bitunix

Best for: Advanced traders seeking privacy tools

Bitunix is a global crypto exchange that offers a plethora of crypto trading services, including spot trading, buying crypto with fiat, P2P trading, futures trading, investment opportunities, and copy trading.

It’s widely regarded as a good option for advanced traders thanks to high-leverage futures trading being one of its core features, where certain USDT-margined perpetual contracts feature up to 125x leverage. Moreover, it’s praised for its advanced trading tools like TradingView charts and the K-Line Ultra App, which offers enhanced charts for mobile users.

Unverified accounts can trade in large numbers, as the daily limits on withdrawals are as high as 500,000 USDT, while KYC-verified users can withdraw as much as 5 million USDT daily.

The platform supports over 400 cryptocurrencies and over 700 trading pairs, with over 300 available for futures trading. The brand has a reserve fund that covers all tradable assets. Traders can start by depositing as little as $10.

Fees are higher than the industry standard, with makers paying up to 0.08% for spot and 0.02% for futures trading, and takers paying up to 0.1% on spot trades and 0.06% on futures contracts.

7. Weex

Best for: Margin trading without ID verification

Weex is a centralized crypto exchange that’s an interesting choice for traders who value their privacy because it’s also a no-KYC exchange. This is an interesting choice for centralized exchanges — one not often seen in the industry — although the exchange limits you to more basic trading.

You can register only with an email and deposit without providing any documents. Both spot and futures trading will be available, but you’ll be limited in how much money you can withdraw. You’ll still need to complete the verification process to unlock higher limits and more advanced functionalities.

Weex offers up to 30,000 USDT as a welcome bonus, and it features a Rewards Center with a daily check-in bonus and a constant slew of competitions with large prize pools. Bear in mind that the welcome bonus comes through various tasks you need to complete to get a reward, and some require KYC verification.

The platform supports over 600 cryptocurrencies and offers over 1,700 trading pairs. With futures trading, certain perpetual contracts offer leverage of up to 200x.

Weex’s main downside is the fees. Spot trades come with 0.10% fees for both makers and takers, while futures trading comes with a 0.02% fee for makers and 0.08% for takers.

Best No KYC Crypto Exchanges 2025 Compared

To see how our top picks measure against each other, we’ve prepared a comparison table with a few key aspects you’ll want to know about:

No-KYC Exchange	Supported Cryptocurrencies	KYC Requirements	Custody
Best Wallet	Several thousand on 60+ chains	None	Non-custodial
Margex	50+	None for basic perpetual futures; Standard KYC for higher limits and perks	Custodial
BloFin	400+	None for basic trading; Tiered KYC for higher limits	Custodial
KCEX	500+	None for basic trading; Standard KYC for higher limits, and part of the rewards from promos	Custodial
BingX	1,000+	None for trading with lower balances; Standard KYC for unlocking the full set of features and limits	Custodial
Bitunix	400+	Basic trading with relatively high withdrawal limits; Standard KYC for the full set of features	Custodial
Weex	600+	None for basic trading; Standard KYC for higher limits and full functions	Custodial

What Is a No-KYC Crypto Exchange?

A no-KYC exchange does not require its customers to complete the standard KYC verification process, where you need to provide:

• Government-issued documentation, like a passport or driver’s license, that verifies your identity and age
• Proof of address, like a utility bill
• A selfie for further identity verifications (sometimes)

KYC is a standard requirement that trading platforms like crypto exchanges usually impose, and it’s there to ensure there’s no money laundering involved and that the traders are real people from the jurisdictions where the exchange is registered to operate.

No-KYC exchanges can come in different shapes and forms:

• Full no-KYC exchanges: They require little to no personal information, often just an email.
• Tiered KYC exchanges: These exchanges offer depositing, basic trading features, and withdrawals with limits without having to go through KYC, while they require complete verification to unlock the full suite of functionalities and increase limits.
• Decentralized exchanges (DEXs): These are inherently privacy-focused and require no personal details, making them no-KYC by default. They facilitate peer-to-peer trading and let you use your own wallets.

Anonymous crypto exchanges that don’t require KYC tend to offer the same services as other exchanges, while also providing added benefits:

• Simplified registration procedure
• Higher privacy and near-anonymity
• Availability in highly restrictive jurisdictions

These are also some of the main reasons people choose to go no-KYC, along with not having to present personal and banking data. Many users also feel these exchanges are more in line with the decentralized nature of cryptocurrencies.

Moreover, they are helpful in some specific use cases. For instance, traders interested in small or infrequent trades find them more convenient because they don’t need to go through KYC for low trading activity. Furthermore, traders who want to test out platforms also find no-KYC exchanges a better choice.

Is It Legal to Use Non-KYC Crypto Exchanges in 2025?

There’s no straightforward answer to this because the laws differ for each jurisdiction. In addition, the legality of these platforms is constantly evolving, just like everything else in the realm of crypto.

However, there are some commonalities between countries. For instance, much of the Western world restricts or bans no-KYC exchanges; usually, only tiered KYC exchanges are allowed. The US, EU countries, Canada, Australia, Japan, and South Korea all have strict KYC requirements.

Only a few nations, notably China, ban exchanges and cryptocurrency in general. Most other countries either have no regulations or have relatively lax laws regarding cryptocurrencies and exchanges.

It’s worth adding that DEXs that don’t use fiat currency at all are not subject to KYC rules and are available worldwide. However, they tend to avoid countries with explicit bans or strict requirements. That’s why many no-KYC and decentralized exchanges don’t allow people from the US to join.

Benefits and Risks of Using No-KYC Crypto Exchanges

Everything in the crypto realm comes with benefits and risks, and no-KYC exchanges are no exception. Let’s start with the benefits:

• High privacy — The most significant advantage of a no-KYC exchange is the increased privacy that stems from you having to provide very little personal information to start trading.
• Higher speed — Even though trading itself isn’t faster, the time it takes to reach that point is significantly shorter. You don’t have to provide extensive information or wait for the platform to verify your documents.
• Better accessibility — No-KYC exchanges, especially DEXs, are more broadly available, especially in regions with higher restrictions.

And now, let’s cover the risks:

• Scams — The anonymity of no-KYC exchanges makes them attractive targets for scammers who list fake investment schemes and fraudulent cryptos. Users don’t get the same level of protection as on KYC exchanges when they get scammed.
• Hacks and security vulnerabilities — Some no-KYC exchanges have lax security measures, making them prime targets for hacks and other security breaches. Unless that exchange has an insurance policy, you’re unlikely to get your funds back in case of a breach.
• Lower user protection — Even though reputable no-KYC exchanges offer high user protection, the lack of KYC is a downside because law enforcement can’t do much to help you if there is an issue.

How to Choose the Best No KYC Crypto Exchange in 2025

If you’re still wondering where to buy crypto without KYC, there are a few key considerations you need to make to determine which no-KYC platform is safe and right for you. Let’s explore them:

• KYC limitations — Since many non-KYC exchanges use a tiered system where only specific functionalities are unlocked for unverified users, it’s important to check what is available. Focus on the withdrawal limits, as these tend to be very low on some no-KYC exchanges and might not be enough for you.
• Supported cryptocurrencies — The best non-KYC exchanges have many supported coins, usually in the hundreds. The same goes for trading pairs in both spot and futures trading.
• Security — You need to check that the no-KYC exchange employs top security measures since they’re not typically legally required to implement these. This is especially the case with DEXs. It’s thus best to go for reputable platforms with good ratings and user feedback.
• Fees — It’s crucial to check the fees involved, especially trading fees. Compare the maker/taker fees on spot and futures trading between the no-KYC exchange you’re considering and several reputable KYC exchanges to ensure they are equal or even lower. Also, check the fees for when you withdraw crypto, which tend to vary between cryptocurrencies.
• Availability — Even though no-KYC exchanges are more broadly available than their counterparts, many still don’t operate in certain jurisdictions, like the US, due to complex rules. It’s essential to check that the exchange you’re considering is available in your country.
• Check for red flags — The biggest red flags that should make you stay clear of a no-KYC exchange include anonymous or undisclosed owners, unrealistically high yields, lack of transparency, poor interface quality, limited or fake online presence, sudden changes in fee structure or key policy, and inflated trading volumes.

How Do I Trade Cryptos Anonymously on No-KYC Exchanges?

We’ve prepared a quick step-by-step guide to help you learn how to buy crypto without KYC. Here’s how anonymous trading works:

1. Pick a wallet and set up an account.

You can choose any non-custodial software wallet, or pick the top pick on our list, Best Wallet, which is also one of the best non-KYC crypto exchanges because it includes a high-quality, integrated DEX. Visit its official site and download the app to start. Follow the instructions for setting up your non-custodial wallet and write down your recovery phrase.

1. Set up a VPN or Tor for added privacy.

If you’re highly privacy-focused, install and keep a VPN running while trading. Top choices include NordVPN, ExpressVPN, Surfshark, Proton VPN, TunnelBear, and IPVanish.

You can also opt for Tor, the open-source platform for enhanced privacy and anonymity that uses onion routing to make it difficult for others to trace you to a specific location. It’s also often used to access the dark web.

• Pick a no-KYC exchange and start trading.

The last step is to choose an exchange without KYC. You can also continue using Best Wallet because it has an integrated DEX, which doesn’t require you to go through identity verification.

To start trading, you’ll need to transfer crypto to Best Wallet if you already have it, and if not, use the app to purchase some with fiat. Once you’re done, you can start trading in the Best Wallet DEX that covers thousands of cryptocurrencies.

Are Non-KYC Crypto Exchanges Here to Stay in 2025?

No-KYC exchanges are affected by the ever-changing legal landscape surrounding them and the rest of the crypto market.

Counter-Terrorist Financing (CTF) and Anti-Money Laundering (AML) continue to advance and become more stringent, negatively impacting non-KYC exchanges. The model these exchanges use is a gray area in many jurisdictions.

Western countries, especially the US, compel crypto exchanges to register, which leads to them being required to implement AML and KYC programs. This is another reason why most non-KYC exchanges use a tiered system where higher limits and more functionalities are available only to verified users.

All this uncertainty means that the number of no-KYC crypto exchanges will likely decrease in the coming years, as evidenced by the fact that even some DEXs now require at least some KYC checks, even though they operate with crypto only.

Should You Use a No-KYC Crypto Exchange Today?

No-KYC crypto exchanges garner much attention, regardless of whether they’re full or partial non-KYC platforms. The latter shows just how sought-after this feature is, since CEXs are certainly not required to offer no-KYC trading. In fact, they must do the opposite.

If you’re interested in joining one and are unsure which crypto exchange does not require KYC, you can always go for our top choice, Best Wallet.

It’s a non-custodial mobile wallet with an integrated no-KYC exchange that lets you trade thousands of cryptos from 60+ chains. The DEX integrates Onramper, which allows you to use fiat to purchase coins, and Best Wallet DEX strives to offer the best exchange rates and lowest processing fees.