10 Best No-KYC Crypto Exchanges in 2025

No-KYC crypto exchanges allow users to start trading without submitting ID documents like a passport or driving license. With cryptocurrency constantly breaking new ground, more users prioritize privacy and anonymity.

The regulatory landscape can change at any moment. In the future, crypto exchanges may request all users undergo a KYC verification procedure. To save you time and effort, these are the best exchanges to buy crypto without KYC in 2025.

In our latest update, we removed MEXC and ByBit as these exchanges now require KYC to deposit and trade crypto. These have been replaced with fresh exchanges.

Our top platforms to buy crypto with no KYC

Now, let’s provide a more detailed overview of our top no-KYC crypto apps and exchanges. We’ll discuss fees, features, payment methods, and more.

1. Best Wallet: The best all-in-one no KYC wallet/exchange

Best Wallet makes this list because it offers a true non-KYC experience while supporting thousands of cryptocurrencies across over 60 chains.

You can buy, swap, store, and sell digital assets without providing personal identification. It’s a top pick for those exploring cheap cryptocurrencies and seeking a secure, no-KYC trading experience.

It also integrates a decentralized exchange, cross-chain swaps, and an in-app token launchpad. With advanced security features and seamless access to DeFi, Best Wallet provides a complete crypto management solution without compromising anonymity.

Overview of Best Wallet

Best Wallet is a fully non-custodial app, meaning you maintain full control over your assets at all times. It features decentralized account recovery and advanced fraud protection to safeguard your funds. Whether you’re holding Bitcoin, Ethereum, or stablecoins, all assets stay in your possession without third-party risks.

Buying crypto is simple with Best Wallet’s Onramper integration, offering competitive exchange rates and low fees. You can purchase Bitcoin, Ethereum, Solana, and more while reducing costs by holding the $BEST token.

Spending crypto is seamless with the Best Card, which integrates with Google and Apple Pay. Holding and staking $BEST unlocks up to 8% cashback and lower transaction fees.

For early investors, Best Wallet’s token launchpad provides access to exclusive presales. Users can analyze tokenomics, buy at the earliest stage, and track presale progress directly in the app.

Best Wallet combines security, privacy, and full DeFi functionality, making it one of the best non-KYC exchanges to use in 2025.

Early investors have poured more than $10 million into the $BEST presale, showing confidence in its potential.

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KYC tiers, limits, and restrictions

No KYC account limits	None
Payment methods	MCredit Card, Skrill, Neteller, Google Pay, Debit Card, Cryptocurrencies
Cryptocurrencies	Supports the Ethereum Mainnet, Polygon Mainnet, and BSC Mainnet
Trading fees	No additional markups from liquidity providers

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2. Margex: The top no-KYC crypto exchange for novice investors

Margex is a top no KYC crypto exchanges in 2025, thanks to its wide range of features, with just an email address required to start trading.

This decentralized exchange platform allows users to go long or short on 36 different cryptocurrencies and trade with leverage of up to 100x. It also boasts low trading commissions, at just 0.06% per slide on market orders and 0.019% on limit orders.

Overview of Margex

Margex is one of the most reputable no KYC crypto exchanges on the market thanks to its wide range of features, user-friendly interface, robust security and high leverage.

The platform’s 100x leverage on crypto futures is a standout attribute, opening the door to higher returns. However, this can also increase the risk of losses, so users are advised to approach this feature carefully.

Margex also boasts features such as a demo account, allowing users to practice and hone their strategies without committing financially, and copy trading, allowing users to replicate the trades of highly reputable investors. 

KYC tiers, limits, and restrictions

No KYC account limits	Accounts without KYC can only be funded with crypto
Payment methods	More than 150 options, including various cryptocurrencies and stablecoins, MasterCard, Visa, Google Pay, Apple Pay etc
Cryptocurrencies	36
Trading fees	0.06% (market orders) or 0.019% (limit orders)

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Use promo code MARGEXBONUS when making a deposit to get a 20% deposit bonus for deposits above $100 in any currency. The bonuses can be used to offset trading commissions.

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3. BloFin – Top no-KYC exchange charges low trading fees

BloFin stands out as a secure, privacy-focused platform with extensive trading options and robust security. With spot and futures trading built into the wallet, users can trade more than 120 cryptocurrencies, including BTC and ETH. 

Prioritizing anonymity, BloFin allows for up to $20,000 in withdrawals without KYC verification. 

Overview of BloFin

Launched in 2023, BloFin is a top platform for accessing futures and spot crypto trading. While users can access no-KYC trading for up to $20K in withdrawals, they must verify their accounts once this threshold is reached. 

On BloFin, users can trade more than 120 digital assets, starting with an extremely low trading fee of 0.1% per transaction. BloFin integrates spot and futures trading in a secure environment, backed by partnerships with Fireblocks and Chainalysis for enhanced security. 

Staking options, such as up to 3% APY on Bitcoin, add appeal, while the platform’s passkey authentication and transparent 1:1 asset reserve reinforce user trust. These features make BloFin ideal for privacy-focused investors who value asset security and anonymous withdrawals.

KYC tiers, limits, and restrictions

No KYC account limits	Up to $20K in withdrawals. KYC may also be required for certain features.
Payment methods	Debit/Credit cards + direct crypto payment methods
Cryptocurrencies	120+
Trading fees	Starts from 0.1% per transaction

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4. KCEX – Pay 0% spot trading fees with this no-KYC exchange

KCEX is a top choice for no-KYC crypto trading, offering a streamlined registration process requiring only a phone number and passcode.

This centralized exchange supports over 170 cryptocurrencies, with 0% fees on all spot trades, allowing users to trade anonymously without verification.

Overview of KCEX

Launched in 2021, KCEX is designed for traders seeking anonymity and low fees. To start trading, users only need to enter a valid phone number and create a unique passcode for the platform. 

Notably, KCEX offers zero-fees spot trading on the 170+ digital assets supported on the ecosystem. Furthermore, users can also trade crypto futures and perpetual contracts – applying up to 100x leverage on their trades. The platform charges a Taker fee of 0.01% on futures but no Maker fees. 

KYC tiers, limits, and restrictions

No KYC account limits	KYC required to unlock higher withdrawal limits. The daily withdrawal limit for basic verification is 30 BTC
Payment methods	Supports only crypto payments
Cryptocurrencies	~500
Trading fees	No spot trading fees

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5. Bitunix – No-KYC derivatives exchange with copytrading features

Bitunix is one of the leading no-KYC cryptocurrency exchanges. Beyond its no-KYC policy, Bitunix offers user funds security via maintaining a substantial reserve fund that exceeds a 1:1 ratio against user holdings. This means users’ assets are securely backed if something goes wrong with the exchange.

Users can start their crypto journey with an investment as low as $10, and get real-time market updates to help them make better decisions. The platform supports spot and futures trading, catering to a wide range of trading strategies and preferences.

Overview of Bitunix

The platform’s user-friendly interface and comprehensive resources make it accessible to novice and experienced traders. For a minimum of $10, users can start trading and investing in various cryptocurrencies and meme coins.

With multilingual 24/7 customer support, users can access assistance whenever needed, ensuring a smooth and satisfying trading experience. Overall Bitunix is an exchange worth checking out.

KYC tiers, limits, and restrictions

No KYC account limits	KYC required to unlock higher withdrawal limits. The daily withdrawal limit with no KYC is $500,000
Payment methods	Crypto payments and direct crypto purchases
Cryptocurrencies	~300
Trading fees	From 0.01/0.0325% (maker/taker) to 0.08/0.1%

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6. Weex – Crypto exchange with over 600 crypto paris with 0% maker fees

WEEX is one of the leading no-KYC cryptocurrency exchanges that offers a comprehensive suite of trading options, including spot trading, futures trading with leverage up to 200x, over-the-counter (OTC) trading, and copy trading.

The platform supports over 600 pairs, providing traders ample opportunities to diversify their portfolios. Moreover, spot trading has 0% maker fees, meaning traders who set limit orders can save money on transactions.

Overview of Weex

The platform’s user-friendly interface and intuitive design make it accessible to traders of all experience levels. WEEX also offers a mobile application for iOS and Android devices, allowing users to manage their trades on the go.

A dedicated customer support team is available 24/7 to assist whenever needed, ensuring a smooth and satisfying trading experience.

The exchange implements robust security measures, such as two-factor authentication (2FA), advanced encryption protocols, and undergoes regular security audits. Additionally, WEEX maintains a 1,000 BTC user protection fund and provides transparent Proof of Reserves (PoR), ensuring that user assets are securely backed.

KYC tiers, limits, and restrictions

No KYC account limits	KYC required to unlock higher withdrawal limits. The daily withdrawal limit with no-KYC is $500,000
Payment methods	Supports fiat and crypto payments
Cryptocurrencies	~600
Trading fees	0% maker fees

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7. BingX – Trade 700+ Cryptos with this No-KYC Exchange

BingX is a standout no-KYC exchange, allowing users to trade over 750 assets without identity verification. This platform is ideal for those valuing privacy, as it offers a daily withdrawal limit of $20,000 without requiring KYC checks. 

Overview of BingX

On BingX, users can trade up to $20K in daily withdrawals anonymously. However, P2P exchanges will not be supported without verifying your identity. The platform supports advanced trading features, including perpetual futures with leverage options up to 150x, making it appealing.

One of BingX’s highlights is its competitive Taker fees, starting at 0.10%, and a range of innovative features. Users can engage in copy trading by selecting from over 17,000 elite traders, offering a way to mirror successful trading strategies. BingX also boasts strong cybersecurity measures, backed by proof-of-reserve verification with top cybersecurity partners.

Additionally, the platform offers staking and crypto-backed loans, further enhancing its value for users seeking versatile crypto investment options. These features make BingX a strong choice for those looking to trade with privacy, flexibility, and robust security.

KYC tiers, limits, and restrictions

No KYC account limits	Up to $20K in daily withdrawals, no P2P trading features available
Payment methods	P2P payments, Apple Pay, Google Pay, Debit/Credit card payments
Cryptocurrencies	750+
Trading fees	Starts at 0.10% per transaction

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8. AlphaX: Decentralized crypto exchange with high leverage and low latency

AlphaX has introduced decentralized exchange (DEX) functionality, which allows users to trade digital assets without requiring identity verification. This exchange delivers a trading experience that rivals centralized exchanges in speed and efficiency.

The platform supports high-speed transactions, enabling users to capitalize on market opportunities with minimal latency. With an extensive selection of over 100 futures trading pairs, AlphaX offers a wide range of trading strategies and preferences, providing ample opportunities for portfolio diversification.

Overview of AlphaX

To trade on the AlphaX exchange, you need an email or a self-custody wallet like MetaMask. Such wallets allow users to maintain full control over their assets and reduce their reliance on intermediaries, making it an excellent no-KYC option.

Each transaction is executed via transparent and auditable smart contracts, enhancing trust and reliability within the platform. ​Users can exchange cryptocurrencies on the spot market or trade with leverage in the futures market, with up to 125x leverage.

Users can reach out to AlphaX on Discord where they can open a ticket if they have an issue.

KYC tiers, limits, and restrictions

No KYC account limits	No KYC required to trade on the platform
Payment methods	Decentralized crypto exchange with crypto deposits
Cryptocurrencies	200
Trading fees	0.02% (Maker) – 0.05% (Taker)

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9. Changelly: Popular non-custodial crypto exchange

​Changelly is a non-custodial cryptocurrency exchange that allows users to swap over 1,000 digital assets without mandatory identity verification for small transactions. While Changelly generally doesn’t enforce KYC procedures for minor trades, the platform reserves the right to request verification if a transaction appears suspicious or exceeds certain limits. ​

One of Changelly’s notable strengths is its user-friendly interface, which makes swapping crypto seamless. The platform integrates with major exchanges like Binance, Poloniex, and Bittrex, enabling it to offer competitive rates by aggregating the best available prices. This integration ensures users can execute trades efficiently and at favorable rates, enhancing the overall trading experience.

Overview of Changelly

While Changelly doesn’t require KYC to swap cryptocurrencies, investors who buy crypto with a card must pass KYC to a third-party provider. The same goes for those selling crypto for fiat currency since you must provide transaction details.

Unlike most no-KYC exchanges offering advanced charts and futures trading on leverage, Changelly doesn’t provide any. And that’s okay, as it caters to investors who don’t care about bells and whistles, but only to swap their cryptocurrencies.

Changelly boasts 24/7 live support and best market rates. In addition, Changelly doesn’t store any cryptocurrencies. Instead, they are just an intermediary between your wallet and the exchange.

KYC tiers, limits, and restrictions

No KYC account limits	KYC is required for buying or selling crypto for fiat currencies
Payment methods	Card purchases and bank transfers are supported
Cryptocurrencies	1,000+
Trading fees	0.25%

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10. ChangeNOW: No-KYC exchange with over 900 cryptocurrencies

ChangeNOW is a non-custodial cryptocurrency exchange allowing users to swap, buy, and sell over 900 digital assets without registering or verifying identity. However, it’s important to note that while ChangeNOW generally does not enforce KYC procedures, the platform reserves the right to request verification if a transaction appears suspicious or exceeds certain limits. ​

One of ChangeNOW’s notable strengths is its user-friendly interface, which is designed for seamless cryptocurrency exchanges. The platform integrates with major trading platforms such as Binance, Bitfinex, HTX, OKEx, and Kucoin, offering competitive rates by aggregating the best available prices.

Overview of ChangeNOW

ChangeNOW is a Web3 exchange where users can buy crypto with a card or swap various cryptocurrencies. The maximum amount you can exchange is $2, but the minimum is $2. Moreover, ChangeNOW offers fewer network fees and on-chain transactions, saving users money.

As a non-custodial platform, ChangeNOW doesn’t hold users’ funds, reducing the risks associated with centralized fund storage. Additionally, ChangeNOW employs an automated risk prevention system to monitor transactions. If a transaction is flagged as suspicious, the system may pause the exchange and request identity verification to ensure compliance with Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) regulations. ​

ChangeNOW also offers a comprehensive ecosystem that includes the NOW Wallet and NOW Tracker. These provide users with secure storage solutions and real-time portfolio tracking. The platform boasts swift exchange processes, typically completing transactions within five to thirty minutes. Furthermore, ChangeNOW provides 24/7 live support to assist users with any inquiries or issues.

KYC tiers, limits, and restrictions

No KYC account limits	No KYC needed for crypto swaps but buying crypto with fiat requires KYC with the third-party provider
Payment methods	Cryptocurrencies and fiat
Cryptocurrencies	900+
Trading fees	Network fees vary

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Are no-kyc crypto exchanges safe?

No-KYC exchanges, like Margex, allow users to buy and trade cryptocurrencies without completing identity verification (Know Your Customer or KYC).

These exchanges allow users to remain anonymous, bypassing the usual submission of personal documents. They provide faster registration and access, attracting traders seeking privacy and those in jurisdictions with strict regulations.

Although they offer privacy, they carry higher risks, including potential legal issues or security vulnerabilities.

Despite these risks, no-KYC platforms remain popular among users who prioritize speed and anonymity and are safe for quick crypto transactions as well as trading.

Why choose a no-KYC exchange? (Explained using real-world scenarios)

Trading using No-KYC platforms is interesting for a number of reasons — we’ll explore the most notable ones below:

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Pros and cons of non-KYC crypto exchanges

With all this in mind, what is the standard view regarding No-KYC?

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Is KYC good or bad?

The idea that “if you’ve got nothing to hide, you don’t need privacy” is flawed. You wouldn’t want your emails exposed to the world, and the same applies to your financial transactions.

These reveal far more—your wealth, spending patterns, and even political affiliations. In some countries, donations to certain causes could lead to persecution. As reported by Reuters, Hong Kong protestors learned this firsthand when their bank accounts were closed.

Even Bitcoin users should be cautious; a transaction linked to your identity could make you a target. Enhancing privacy isn’t always necessary, but it strengthens Bitcoin’s fungibility and makes it a more secure store of value for everyone.

Comparison of KYC and No-KYC Exchanges

Feature	No-KYC exchange	KYC exchange
KYC requirement	No identity verification required	Mandatory identity verification
Anonymity	High level of anonymity	Low level of anonymity
Security & customer protection	Lower security due to lack of identity verification	Higher security due to identity verification
Regulatory compliance	Often operate in unregulated markets	Must comply with strict regulatory requirements
Accessibility	Easy to use, no registration process	May have more complex registration processes
Transaction speed(s)	Generally faster transactions	May have faster transactions due to centralized verification
Transaction limits	Higher transaction limits due to lack of regulation	Lower transaction limits due to regulatory compliance
Suitability	Ideal for privacy-conscious users and small transactions	Best for regulated users and large transactions
Risk	Higher risk due to lack of identity verification	Lower risk due to regulatory compliance
Transaction fees	May have lower transaction fees due to lack of regulation	Higher transaction fees due to regulatory compliance
Fiat currency support	Limited fiat currency support	Extensive fiat currency support
Leverage trading	May not offer leverage trading	Often offers leverage trading
Derivative products	Limited derivative products	Offers a wide range of derivative products
Tax reporting	Minimal tax reporting	Comprehensive tax reporting

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Regulations and No-KYC Exchanges: What you need to know

As crypto evolves, so do global regulations.

The International Organization of Securities Commissions (IOSCO) laid out 18 global recommendations, while the World Economic Forum (WEF) led the Digital Assets Regulatory (DAR) initiative, analyzing national regulatory strategies.

Europe’s Markets in Crypto-Assets Regulation (MiCA), introduced in May 2023, sets strict rules, including wallet ownership verification for self-hosted wallets exceeding 1,000 euros.

Asia has significant variances in crypto laws. Japan welcomes crypto as legal property, while China and India maintain strict bans on exchanges and mining. South Korea, however, has passed the Virtual Asset Users Protection Act to enhance transparency.

Any firm offering digital currencies in Britain must be authorized by the Financial Conduct Authority (FCA), even if it is based outside the UK.

Global regulatory bodies aim to balance innovation with consumer protection, making it essential for users to stay informed about evolving rules around no-KYC exchanges.

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How do no-KYC exchanges affect tax reporting?

No-KYC exchanges can complicate crypto tax reporting. Since non-KYC Bitcoin isn’t tied to your identity, many users may not declare it to tax agencies.

However, if Bitcoin’s value skyrockets and you decide to make a large purchase, such as a house, your declared income may not justify the transaction.

Even if you use Bitcoin directly, authorities could question how you acquired such wealth. This scenario raises concerns about future limitations on large purchases with non-KYC Bitcoin.

While moving between currencies without intent to sell may not trigger taxes, cashing out could lead to significant tax liabilities. In some countries, expats take advantage of tax-free havens, but U.S. citizens face capital gains taxes even when living abroad.

Disclaimer: These rules are subject to change as regulations develop.

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Alternatives to no KYC crypto exchanges

For US-based traders, KYC is a requirement for all exchanges. Nevertheless, there are alternatives.

Decentralized Exchanges (DEXs) and non-custodial transaction services emerge as viable options. DEXs operate on a P2P network, eliminating the need for a central authority to hold user funds. This creates anonymity but may result in complexity and lower liquidity than traditional exchanges.

Non-custodial transaction services like MoonPay and Ramp offer another solution. These services act as fiat-to-crypto gateways, allowing users to purchase cryptocurrencies directly with debit or credit cards while being regulated in most states.

MoonPay, for instance, focuses on speed and user-friendliness, facilitating quick crypto purchases with minimal verification depending on the purchase amount.

Conversely, Ramp leverages KYC/anti-money laundering checks from licensed partners, enabling users to buy crypto using various payment methods while licensed in the United States.

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Do I have to report my transactions on no KYC crypto exchanges?

While KYC exchanges are useful for bypassing the usual jurisdictional regulations and allowing you to trade crypto regardless, you must still declare your earnings from no KYC crypto exchanges. Failure to do so will be classed as tax avoidance.

For instance, while crypto tax has always been somewhat of a grey area in the UK, His Majesty’s Revenue and Customs (HMRC) has recently ramped up its crackdown on avoidance, sending ‘nudge’ letters to investors suspected of failing to declare earnings.

Similarly, in the US, cryptocurrencies are classed as property for tax purposes. While some crypto-related actions are not taxable, property tax must be paid on the sale of digital assets for fiat currency, selling or using such assets to pay for goods and services, and trading any digital asset for another.

If you’re using no-KYC exchanges to protect your privacy, you might also want to take the next step by using wallets that don’t require ID either. To show you how to store and manage your crypto without ever giving up your personal information, check this guide to the best anonymous crypto wallets.

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Our methodology for reviewing no KYC crypto exchanges

Our team of experts assessed various factors for each exchange and arrived at a cumulative score for each.

Some of the areas examined by our experts were:

• Security: One of the biggest drawbacks of even the best exchanges is that they can be a safety risk. With this in mind, security is an especially critical area to assess.
• Fees: This is one of the most variable aspects of crypto exchanges and, therefore, a key competition area. The fees we examined include trading fees, deposit and withdrawal fees, and any other hidden fees imposed by the platform.
• Liquidity: This is a critical aspect of any crypto exchange. High trading volumes mean more buyers and sellers, making trading easier without impacting the token’s price.
• Customer service: This aspect can be tricky for some people, so customer support is one of the most critical elements for any exchange. We examined the range and quality of customer service channels available.

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The best non-KYC crypto exchanges – Conclusion

After thoroughly examining 10 of the best no KYC exchanges for crypto, we determined that Best Wallet was the overall winner. Its all-in-one ecosystem of an exchange, wallet, and utility token is highly impressive and will likely tick all the boxes for most people.

Margex is another honorable mention. While its range of cryptocurrencies is fairly limited, we loved its beginner-friendly interface, low trading fees and charting tools.

We’ve also examined the regulations and alternatives for no-KYC exchanges in the USA and the tax obligations surrounding no-KYC crypto platforms. Most importantly, investors should know that most jurisdictions tax cryptocurrency profits.

FAQs