11 Best No KYC Crypto Exchanges in 2025

Here are some of the best no KYC crypto exchanges that are highly popular. The anonymous crypto exchange gives new users the opportunity refrain from identity verification.

MEXC is a global spot, margin, and futures trading platform supporting over 3,000 cryptocurrencies. Unverified users on MEXC can access basic spot trading and limited withdrawals, but advanced features such as futures, staking, and higher withdrawal tiers require KYC.

Founded in 2018, MEXC has grown to serve over 36 million users across 170+ countries. It is widely known for rapid token listings and ultra-low trading fees.

LBank is one of the best centralized no KYC crypto exchanges for crypto investors. It allows unverified users to trade supported crypto assets. Spot and leverage trading anonymously is available to non-KYC users. No limits are placed on the amount a non-verified user can trade on the platform daily. However, there could be limits on withdrawals. KYC verification is also required for fiat deposits on the platform.

CoinEX is a spot and leverage trading platform with support for over 1200 crypto assets. Unverified users on CoinEX can access basic platform services, including leverage trading. While certain limits apply to non-verified users. But a majority of the platform’s services are available to them. CoinEX was founded in 2017 and maintains its non-KYC structure to date. It is available to investors in over 200 countries worldwide.

DyDx is a decentralized perpetual contract trading platform for crypto assets. At the time of writing, it supports over 200 assets, including Dogecoin, XRP, Solana, Ethereum, and Bitcoin. DyDx is a DeFi platform and does not require users to verify their identity. Only a crypto wallet is required to start trading on the platform.

Uniswap is a multichain DeFi protocol on the Ethereum network and selected EVM chains. Uniswap is a permissionless platform. It does not require users to create an account or verify their identity before using the platform. Uniswap also places no limits on users’ activity. However, it only offers spot trading services for ERC20 standard tokens. Derivative trading is not available on the platform at the time of writing.

PrimeXBT is a no KYC derivatives trading platform based in Seychelles. Users on the platform can trade crypto futures with up to 200x leverage and CFDs (Contract for Difference) for cryptocurrencies and Fiat currencies. PrimeXBT requires no prior verification to start using the platform. Non-verified users on the platform are able to access every service on the platform.

Probit was launched in 2018 and is meant to enable investors to trade crypto with ease. Users are not required to verify their identity before trading on the platform. Up to 800 crypto assets are supported on the platform and are available to non-verified users. Probit, however, only offers spot trading services.

KCEX was launched in 2021 and registered in Seychelles. It offers spot and futures trading services for over 500 crypto assets. Leverage multiplier on the crypto futures trading platform is up to 20X. KCEX has a relaxed KYC policy, users are not required to complete basic KYC verifications before using the platform.

SimpleSwap is one of the custodial No KYC crypto exchanges operating with direct crypto swaps. The exchange supports over 1000 digital assets and has a no-KYC policy. Users are not required to create an account or verify their identity before they can buy or sell crypto on the platform. Fiat services are also available on SimpleSwap.

Jupiter Exchange is a Dex Aggregator and a decentralized perpetual trading protocol on the Solana network. It is a permissionless trading platform. Jupiter requires no KYC verification to use. Users from most countries can connect to the platform and trade Solana and other SPL tokens. Jupiter selects the best path for swap crypto transactions. This helps users to save on fees and trade with reduced slippage. Jupiter Exchange was launched in 2021 and has maintained its KYC policies since this time.

BingX was launched in 2018. It reportedly serves over 10 million crypto investors in more than 150 countries worldwide. BingX is a no KYC crypto exchange. Users are not required to complete the basic verification process before using the platform. Specified limits apply to non-verified users. But they can trade over 800 supported cryptocurrencies on the spot and leverage the cryptocurrency trading platform.

No KYC crypto exchanges are centralized exchanges or non-custodial crypto financial service provider that does not require customers to undergo a complete KYC (Know Your Customer) verification process before they are able to access basic services on the platform. KYC exchanges require the provision of personal documents and other authentication processes that confirm the identity and genuineness of users. This is usually required to ensure compliance on the platform. Non KYC exchanges exclude this operation for the whole or selected services on their platforms. 

There are several reasons why a cryptocurrency investor might opt for a no-KYC crypto exchange to buy crypto without KYC. Some of these reasons include;

Ease Of Transaction For New Users

Non KYC exchanges save cryptocurrency investors the time consumed by implemented KYC procedures. Traders can simply create accounts on custodial no KYC exchanges and start trading cryptocurrencies without being held up by the KYC processes.

On non-custodial non KYC exchanges, users don’t even need to create an account. This further simplifies the user’s journey to trading a desired crypto asset. This is even more relevant in cases where traders rush to catch a temporal market momentum.

Privacy Of User’s Data

KYC exchanges require users to provide several personal documents. Exchanges stay in possession of these documents and can release them to third parties. In case of data breaches, this information can be accessed by an attacker and used in fraudulent schemes like SIM swap attacks. By completing a KYC procedures, crypto traders also give away their rights to a private financial operation as long as they interact with the exchange. No-KYC crypto exchanges salvage users’ data privacy and security.

Reduced Barrier To Participation

KYC is mainly a regulatory compliance process and enables exchanges to ascertain the genuineness of their customers. However, in cases where a trader simply wishes to run a quick trade on a new exchange, this process could be a major source of delay and sometimes a complete barrier. No KYC exchanges lower the barrier to participating in basic cryptocurrency trading operations by allowing users to buy crypto without KYC and without identity verification. This opens the door to participation for traders who are unable to verify their identity at that point in time or who do not wish to verify their identity at all. For this reason, non KYC exchanges are quite popular as crypto exchanges for beginners.

Here are some of the risks that could be associated with no-KYC crypto exchanges

 Security Risks

 Every custodial crypto exchange has security risks, however, a no-KYC policy could add an additional layer of insecurity to a crypto exchange platform. Due to the non-identification of users, non KYC exchanges can be used for fraudulent transactions like money laundry. The perpetrator finds it easier to escape forensics as the crypto exchange does not hold any relevant data for tracking them.

Regulatory Compliance

KYC policies are part of the global drive for ‘safer’ financial operations. Central governments in geographic regions enforce these policies on custodial cryptocurrency exchanges. Non KYC exchanges run a risk of non-compliance and could be implicated in regulatory crackdowns. In this case, users’ funds might also be at risk as part of the penalty procedure for the defaulting exchange. It is therefore advised that traders apply caution while interacting with non KYC exchanges; as well as any crypto exchange. As a recommended practice, only hold funds for immediate trading on custodial exchanges. This is also why some of the best crypto exchanges have some of the strictest KYC processes.

Uniswap and DyDx are some of the best non-custodial no KYC crypto exchanges. Uniswap is an AMM-powered Dex on the Ethereum blockchain and several other EVM networks. DyDx is a decentralized perpetual crypto exchange on the Ethereum blockchain. Both crypto exchanges do not require KYC process for basic and advanced trading operations. Centralized crypto exchanges like Phemex, LBank, and CoinEX are also a solid choice for traders in search of a no-KYC centralized exchange.

Before you create an account or start trading on non KYC crypto exchanges, there are a few factors to look out for, they include;

No-KYC Limits

While some exchanges do not enforce the KYC policy generally, the no-KYC privileges are usually limited. Usual limits include limits on crypto and fiat withdrawals and Fiat deposits. Non KYC Exchanges can also place restrictions on accessible financial services, for instance, Non-verified users could be limited to spot trading only. KYC exchanges like Kucoin only allow non-verified users to SELL. Users must be verified to make crypto purchases. Ascertain the no-KYC limits on the exchange you wish to use and ensure that this aligns with your trading plans.

Regulatory Compliance And User Security

Verify the security practices of the exchange and how the no KYC policy affects their compliance with regulatory specifications. Especially for the exchanges operating in your region. Ensure that you use an exchange that conforms to the financial rules of your region, and evaluate the fund and user security practices of the platform. 

Supported Assets And Services

Also, consider the assets tradable on the platform and the available financial services. Ensure that the no-KYC exchange supports the assets you wish to trade and offers basic services like spot and Derivative trading and any other additional financial services that apply to you.

Liquidity

To avoid significant slippages on the non KYC exchange it is also recommended that you evaluate the liquidity on the platform. Parameters like daily trading volume and the spread between order levels in the order book are good measures of liquidity. Evaluate these parameters as they apply to you before creating an account or transferring funds to the exchange platform.

In the course of this article, we reviewed notable no KYC exchanges where cryptocurrency investors can perform basic and (as the case may be) advanced cryptocurrency trading operations. It is, however, important to note the need for proper verification as they help most centralized exchanges with regulatory compliance and mitigate fraud in any case. Even as a trader, using a KYC exchange could also come in handy in case you are a victim of fraud.

Regardless, non-KYC exchanges, especially decentralized exchanges are vital for investors who care most about the privacy of their operations. While interacting with a non KYC exchange and any cryptocurrency exchange, it is recommended that you verify the fund and user security practices of such platforms to reduce the risk of running into unfortunate events.