Best No KYC Crypto Exchanges

Best No KYC Crypto Exchanges

Robert McDougall 

September 13, 2022

Cryptocurrency

Most of the best crypto exchanges follow strict KYC (Know Your Customer) protocols, to comply with local legislations regarding AML (anti-money laundering) regulations. KYC ensures that a crypto exchange verifies the identity of a user before allowing them to trade on their platform. This is to prevent criminals from using crypto exchanges to create accounts under false identities and transfer proceeds of crime.

Implementing KYC is useful for combatting crime, but it can be a hassle to those who simply want to trade anonymously, or who do not wish to upload their ID online. Luckily there are some crypto exchanges that do not require KYC, and we have compiled a list of the best ones for you to use.

The Best Crypto Exchanges with No KYC 2022

  1. Bybit: Best no KYC crypto exchange overall
  2. MEXC: Best no KYC crypto exchange in the USA
  3. KuCoin: Best for wide range of 700+ coins
  4. Margex: Best for margin trading 
  5. Bitfinex: Best for derivatives trading 
  6. PrimeXBT: Best for CFD trading
  7. AAX: Best for advanced features
  8. Bisq: Decentralized Bitcoin exchange with no KYC

The best no KYC crypto exchanges: Reviews

We tested out a range of no KYC crypto exchanges, and here are our pick of the best. Read a brief review about each one to learn what makes it an excellent exchange to use, and you can also read the full reviews by clicking the relevant links.

#1. Bybit: Best no KYC crypto exchange overall

Bybit is one of the best global crypto exchanges, and the best part is that it does not require KYC. Bybit has been around since 2018, and over 10 million customers around the world trade crypto on this platform, exceeding $10 billion of trading volume each day. Bybit has deep liquidity, 99.99% system functionality, and rapid trade speed of 100,000 trades per second.

Bybit is perfect for frequent traders, with 220+ coins and extremely low trading fees. Spot trading fees are only 0.1%, and derivatives trading fees are even lower, at 0.01% for makers and 0.06% for takers. There are plenty of advanced charts, technical tools, and trading options such as margin trading, with up to 100x leverage.

For those who are new to crypto and want an easy way to buy crypto with no KYC, Bybit also caters for you. You can use the fiat gateway to purchase crypto using various payment methods, such as Visa/Mastercard, Apple Pay, Google Pay, or bank transfer. If the crypto you want to is not available to buy directly, you can buy USDT and trade it for the coin of choice.

Bybit also looks after new traders with a testnet (demo) mode, where you can practise trading using virtual money. This is an excellent way to learn how everything works, and test out your strategies. The crypto prices in the testnet mode are exactly the same as the live crypto market, so your demo trades will be representative of a real trading environment. If you ever get stuck, you can contact Bybit's friendly customer support team via live chat 24/7.

The downside of Bybit is that it is not available for US residents, as Bybit blocks access to IP addresses in the US. However, since there is no KYC required, if you really want to use Bybit, you can download a VPN and set the location to Australia, where Bybit is accepted.

Pros
  • Large global exchange that has been around since 2018, and has over 10 million users
  • More than 220+ cryptocurrencies available to trade
  • Extremely low trading fees
  • 24/7 live chat support
  • Testnet demo mode so you can learn how to trade and test out new strategies risk-free
Cons
  • Not available in the USA

#2. MEXC: Best no KYC crypto exchange in the USA

MEXC is the best no KYC crypto exchange for US residents, since Bybit is not supported there. MEXC is one of the most popular crypto trading platforms, and this is partly due to the fact that it offers the widest range of markets, at more than 2110! The trading fees are quite attractive, at just 0.2% for spot trading, and only 0.02% for futures trading.

Copy trading is another excellent feature of MEXC, as it allows users to automatically mimic the trades of successful investors. This is great for those who are new to trading, or even experienced traders who don't want to spend time researching the market and conducting technical analysis. 

There are many more features available on MEXC, and to find out, you can read our comprehensive review here. If you want to sign up to MEXC, take advantage of our unique link here. It will grant you $25 USDT for FREE, as well as 10% discounted trading fees on your account. 

Pros
  • FREE $25 USDT plus 10% off trading fees
  • Over 1,520+ coins, and 2,110+ trading pairs
  • Spot, margin, and futures trading available
  • Low fees of 0.2% for spot trading and 0.02% for futures
  • Copy Trading supported so you can make the same trades as the most successful investors
Cons
  • Limited range of cryptocurrencies to buy directly using fiat

#3. KuCoin: Best for wide range of 700+ coins

KuCoin is the best no KYC crypto exchange for those who want a wide range of coins. KuCoin is one of the best exchanges in the world, boasting more than 11 million users, and it offers plenty of options for traders. There are more than 700+ coins to trade, low fees of just 0.1%, and additional features such as spot trading, margin trading, futures, P2P marketplace, and crypto lending

KuCoin even has FREE trading bots on its platform, which is useful for users that like to automate their trading. The bots you can access are Spot Grid, Futures Grid, Smart Rebalance, DCA, and Infinity Grid. By using these bots, you will be able to take advantage of market fluctuations even when you are offline, as the trades will be executed based on your parameters, with no further input from you. Usually you need to pay for a trading bot, so the fact that KuCoin offers them for free is an excellent advantage.

To read all about what KuCoin has to offer, see our detailed review here, and you can also see our article on KuCoin vs Bybit to compare the two exchanges.

Pros
  • More than 700+ coins available to trade
  • Low trading fees of 0.1% which can be discounted by 20% if you pay with KCS coin
  • Spot, margin, and futures trading available
  • Free trading bots included in the platform
  • Crypto lending, crypto borrowing, and staking supported
Cons
  • Poor customer service - no live chat available

#4. Margex: Best for margin trading 

Margex is a no KYC crypto exchange that specializes in margin trading, and is extremely secure. The exchange stores 100% of cryptocurrencies offline in cold storage, so you can rest assured your crypto is always safe, with bank-level security protocols. Margex even has a unique system called MP Shield that was developed to prevent any price manipulation from happening. It employs several techniques to make sure that users won't be unfairly liquidated by price manipulation. This is enforced by AI-based algorithms, continual monitoring of suspicious trading behaviour, and combined liquidity from over 12 providers.

The trading fees on Margex are extremely low, but keep in mind that this is for margin trading only - there is no spot trading available on this platform. The fees are 0.019% for makers, and 0.060% for takers, and you can access up to 100x leverage.

The one downside of Margex is that it has a limited range of 13 cryptocurrencies. However, the coins offered include the most popular coins, such as BTC, ETH, LTC, and SOL, and you don't have to worry about losing money from illiquid coins that are used for pump and dumps.

If you are interested in Margex, be sure to sign up with our link to access a special welcome offer. This gives new users $100 bonus FREE, plus 15% of your first deposit amount as a bonus. To learn how this works, and to claim the offer, click here.

Pros
  • Extremely low fees of 0.019/0.060% (maker/taker)
  • Excellent customer support available
  • Great for beginners to margin trading
  • Very secure exchange, and protected against price manipulation
  • Welcome offer of $100 bonus FREE, plus receive 15% of your first deposit as bonus
Cons
  • Only supports 13 cryptocurrencies
  • Only margin trading, no spot trading available

#5. Bitfinex: Best for derivatives trading

Bitfinex is next on our list of the best no KYC crypto exchanges. It is one of the most well-established crypto exchanges, founded in 2012, and offers deep liquidity and excellent customer support. On Bitfinex, you will be able to spot trade and margin trade, but the specialty is derivatives trading. 

The fees on Bitfinex are quite low, at 0.1% for makers and 0.2% for takers when spot trading, and only 0.02% and 0.075% (maker/taker) for derivatives trading. 

Bitfinex has a customisable interface, where you can opt for which theme you prefer, and set up any alerts you like. There are more than 150+ coins on offer, and 300+ trading pairs; you will definitely find a trading pair and a market that suits your needs. 

Pros
  • Best for derivatives trading, and ideal for experienced crypto traders
  • Well-established exchange that has been around for over a decade
  • High liquidity
  • More than 150+ coins and 300+ trading pairs
  • Spot and margin trading available
Cons
  • Trading fees are higher than some other exchanges on this list

#6. PrimeXBT: Best for CFD trading

PrimeXBT is the best no KYC crypto exchange for CFD (contract for difference) trading. It offers more than 40+ different cryptocurrencies, as well as a range of other traditional financial markets: forex, commodities and indices. 

One of the best features of this exchange is 'Covesting', which is another name for copy trading. You can easily automatically copy the most successful traders and make profits while they do too. This is an excellent feature for those that don't want to spend time continually monitoring the market, or simply are new to trading and do not have much experience.

PrimeXBT has a customisable interface that allows experienced traders to use which ever indicators and charts they prefer. The fees on PrimeXBT are just 0.05%, but keep in mind that this is for margin trading (with up to 100x leverage) using CFDs. CFD trading means that you can go long or short, so you can make money from the prices of crypto dropping, which is not supported in spot trading.

The downside of PrimeXBT is that spot trading is not supported; if you plan to spot trade, you need to look at one of the other options.

Pros
  • 40+ different cryptocurrencies, 50+ forex pairs, 11 stock indices, 5 commodities
  • Covesting available to copy the trades of successful investors
  • CFD trading means you can bet on prices to rise or fall
  • Live chat support
Cons
  • Only supports margin trading with CFDs - no spot trading
  • Not available in the USA, Canada, France, Japan, and Israel

#7. AAX: Best for advanced features

AAX is another option of no KYC crypto exchange, and is the best choice for those who are looking for lots of advanced features. AAX has spot trading, futures trading, and OTC service desk, as well as crypto interest earning options. The exchange is powered by LSEG Technology so the transactions are lightning-fast.

While AAX is packed with features, it is still suitable for beginners, as it is easy to navigate, and there is a learning center and live chat support if they are needed. There are more than 100+ cryptocurrencies available, with more than 20 fiat currencies supported. The fees for spot trading are just 0.1/0.15% (maker/taker) and 0.04/0.06% (maker/taker) for futures trading. 

One of the downsides of AAX is that it is not suitable for US residents, so you will have to choose another option if you live in the States.

Pros
  • Excellent customer support and learning content
  • Spot trading, futures trading, and OTC desk
  • More than 100+ cryptocurrencies available
  • Low trading fees
Cons
  • Not available in the USA
  • No margin trading supported

#8. Bisq: Decentralized Bitcoin exchange

Rounding out our list of the best no KYC crypto exchanges is Bisq. This is a unique exchange because it is actually completely decentralized, and you do not need to input any personal details, not even your name. Bisq is extremely secure, using Tor, and does not store any cryptocurrency or fiat funds on the server. 

There are more than 15 different payment methods, and a decent range of 125+ different cryptocurrencies available to trade. The trading fees are very low for makers at just 0.05%, but slightly higher for takers (0.35%). 

One disadvantage of Bisq is that you can only trade against BTC. You cannot trade against fiat currencies, or stablecoins, such as USDT. This is something to keep in mind before signing up to this exchange.

Pros
  • Fully decentralized platform
  • Trade completely anonymously
  • Extremely secure, with no crypto or fiat funds stored on the server
  • More than 125+ cryptocurrencies to trade
  • Over 15+ payment methods accepted
Cons
  • Not suitable for beginners
  • BTC is the only crypto you can trade against

Frequently Asked Questions:

What is the best crypto exchange without KYC?

Bybit (read review) is the best option for a crypto exchange with no KYC. However, Bybit is not available in the US; if you live in the USA, the best no KYC crypto exchange is MEXC (read review).

Can I buy crypto without KYC?

Yes, you can buy crypto without KYC if you use one of the exchanges on our list. This means that even if you are under 18, you will be able to buy or trade crypto.

Can I use Binance without KYC?

Binance used to be a no KYC exchange, but they have now implemented a stringent KYC process. If you want to use a similar exchange to Binance, try Bybit (read review), MEXC (read review), or KuCoin (read review). 

Can I use Kraken without KYC?

While Kraken is an excellent cryptocurrency exchange, there are strict KYC regulations it has to adhere to. If you want to sign up to a crypto exchange without KYC, check out our list here.

Can I use Coinbase without KYC?

Coinbase is a very popular crypto exchange, but it has to comply with very strict KYC rules to remain compliant. That means you cannot sign up to Coinbase anonymously. If you want to sign up to a crypto exchange that does not require KYC, read our list above for several options.

Marketplacefairness.org provides all its content for informational purposes only, and this should not be taken as financial advice to buy, trade or sell cryptocurrency or use any specific exchange. Please do not use this website as investment advice, financial advice or legal advice, and each individual's needs may vary from that of the author. This post includes affiliate links with our partners who may compensate us. 

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