Top 9 No KYC Crypto Exchange

Maintaining one’s identity when purchasing and selling assets is crucial in the cryptocurrency market. For this reason, cryptocurrency users and investors typically choose exchanges that allow them to purchase cryptocurrency without requiring KYC or even account opening. In this article, ‘Top 9 No KYC Crypto Exchange,’ we’ll review some of the best non-KYC cryptocurrency exchanges, emphasizing their benefits and characteristics that make them appealing to users seeking more anonymous cryptocurrency trading.

What is Crypto Exchange? 

Like stock exchanges, cryptocurrency exchanges facilitate the purchase and sale of virtual currencies like Tether, Ethereum, and Bitcoin by investors. These platforms operate through computer functions similar to e-brokerages or digital marketplaces like mobile apps. They also give their consumers access to various trading and investing tools. Cryptocurrency exchanges charge a fee for users’ transactions, which varies depending on the deal they made and the transaction volume, to support their users with these endless services. 

9 Best No KYC Crypto Exchange

1. BingX

BingX, a social trading platform, functions as a cryptocurrency exchange providing spot and derivatives trading services. In 2018, the platform entered the cryptocurrency industry.

In addition, BingX Exchange, a cryptocurrency social trading network, is dedicated to providing users with trading techniques and ensuring they invest easily, entertainingly, and transparently. In addition, the platform offers contract trading products, global indices, currency, commodities, and an automated copy trading feature.

Features:

1. BingX traders may effortlessly trade one cryptocurrency for another with only one click and the “Exchange” option. 
2. BingX takes this into account and meets traders’ demand for an accessible, more advanced trading platform. It offers its traders a cutting-edge, intuitive user experience compatible with desktop and mobile devices. Furthermore, TradingView offers charts with overlays, indicators, and other conversation capabilities.
3. 100,000 VSD tokens, virtual currency provided by BingX, are credited to each newly formed account. These tokens can be exchanged on the platform without requiring a real deposit. Traders can learn how to trade leverage and become comfortable with the trading platform with this demo trading.

2. MEXC

One of the biggest and most well-known non-KYC cryptocurrency exchanges, MEXC provides some features at affordable prices without requiring users to reveal their identity. Founded in April 2018, MEXC Global Exchange is a top global platform for trading digital assets. The team’s core members come from prestigious companies and investment organizations and have vast experience in the financial and blockchain industries.

It can offer users one-stop services for digital assets, including PoS staking, contract trading, leveraged ETF, margin trading, and spot trading. It works with elite security companies and puts together a skilled safety team to protect the integrity of the user’s belongings.

Features:

1. A staggering 1.4 million transactions per second are handled by high-performance trade matching engine technology.
2. The platform boasts substantial resources and sufficient liquidity thanks to its ten million+ traders and MEXC partners.
3. Multiple languages are supported globally, enabling the creation of localized material for our native merchants.
4. Offers a range of trading pairs and cryptocurrencies to MEXCers, such as BTC, ETH, USDT, etc.

3. Changelly

Changelly is a non-custodial cryptocurrency exchange for buying, selling, and exchanging digital assets. With up to 200 cryptocurrency assets, it has been the top platform for instantaneous cryptocurrency trading.

Changelly is an all-inclusive cryptocurrency marketplace that combines the finest offers, prices, and trading opportunities from the main exchanges for traders. Furthermore, traders can add cryptocurrency assets, wallets, other cryptocurrency platforms, and APIs to their needs because it is configurable.

Features:

1. Changelly’s committed support staff is on hand 24 hours daily to provide users with individualized help.
2. They work with over 20 cryptocurrency trading platforms in their relationships to obtain the best prices for users’ transactions.
3. Their average transaction time is between 5 and 40 minutes so they may take advantage of market opportunities quickly.
4. For the highest level of protection, cryptocurrency is transmitted straight to users’ wallets following the exchange rather than being stored by them. 

4. Hodl Hodl

Hodl Hodl is a distinct peer-to-peer (P2P) Bitcoin trading platform that emphasizes decentralization, security, and anonymity. It functions as a non-custodial exchange, which means it does not retain user funds, in contrast to conventional centralized exchanges. Rather, Hodl makes it easier for consumers and sellers to conduct direct exchanges, with multi-signature escrow smart contracts protecting the transaction.

Features:

1. With Hodl Hodl, users may transact directly in Bitcoin with one another and without middlemen.
2. With a focus on privacy and anonymity, Hodl Hodl enables users to trade Bitcoin without requiring a thorough KYC verification process.
3. Hodl Hodl accepts several payment options when purchasing or selling Bitcoin, such as bank transfers, cash deposits, online payment gateways, and cryptocurrency exchanges.
4. The user-friendly and straightforward UI is intended to make trading easier.

5. PancakeSwap

PancakeSwap is a decentralized exchange platform (DEX) based on the Binance Smart Chain (BSC). It is also a decentralized application (DApp) that does not keep conventional order books and instead uses an automated market maker (AMM). Through yield farming, lending, and staking, users can earn fees through the liquidity pool function.

PancakeSwap’s main goal is to make trading BEP-20 tokens easier. It operates and performs similarly to Uniswap and is, therefore, a significant rival of the latter.

Features:

1. Users can provide liquidity to liquidity pools in exchange for trading fees and CAKE tokens.
2. Users can bet LP (liquidity provider) tokens to obtain extra benefits in the form of CAKE tokens.
3. By staking CAKE tokens, users can increase their rewards and participate in platform governance.
4. Users can purchase, sell, and exchange NFTs on PancakeSwap’s NFT market.
5. PancakeSwap’s interface is simple and intuitive, making it easy for traders of all skill levels to traverse the site.

6. DYdx

With dYdX, consumers may trade directly with no middlemen using a no-KYC decentralized exchange on the Ethereum blockchain and a Starkware Layer 2 scaling protocol. Leverage, loan, margin, and borrowing are among the sophisticated trading capabilities the platform provides.

With up to 20x leverage, users can trade perpetual contracts on various cryptocurrency assets. Since its inception in 2017, the platform has handled over $20 billion trading volumes and over 38,588 wallets. Additionally, it contains DYDX, a native token that is utilized for fee reductions, staking, and governance.

Features:

1. dYdX charges competitive fees for trading and other services, which are generally less than those of conventional centralized exchanges.
2. To reduce possible losses, dYdX customers can modify their leverage levels and put risk management techniques into practice.
3. Through peer-to-peer lending and borrowing of digital assets, dYdX enables users to borrow assets for trade or to earn interest on their idle cash.
4. Additionally, users can purchase and sell cryptocurrencies at the current market price through spot trading.
5. dYdX users can borrow money to trade on margin, increasing the size of their trading position and possible gains (or losses).

7. Uniswap

Uniswap is a DeFi platform that enables Ethereum trading, earning, and development. Best of all, you can purchase Bitcoin without KYC. It provides pricing, execution, and liquidity using smart contracts. Any ERC-20 token can be traded without restrictions, fees, or middlemen. Tokens from any pool can be traded on Uniswap.

Additionally, it contains a token called UNI that can be used to vote on platform enhancements and modifications. Holders of UNIs have the option to participate in decision-making or lend their votes to others. Uniswap is managed by its users, who fund projects and developers who enhance the ecosystem. In addition, the app offers cross-device syncing, Moonpay integration, and alarms.

Features:

1. Uniswap is available to users worldwide, regardless of their location, nationality, or financial situation.
2. In addition to many other tokens representing different projects and assets in the cryptocurrency ecosystem, Uniswap offers a wide range of ERC-20 tokens, including well-known cryptocurrencies like Ethereum (ETH) and stablecoins like USDC and DAI.
3. Users can contribute money to trading pairs using Uniswap’s liquidity pools and receive fees in exchange for their liquidity. 

8. Bisq

Without a central bank or identity verification, Bisq is a peer-to-peer (P2P) Bitcoin (BTC) trading network that uses fiat currency. It is designed to be user-friendly, private, open-source, and safe. Bisq uses 2-of-2 multisig wallets and a security deposit system that enforces both parties’ adherence to the trading rules in order to ensure that deals are safe and fair. It features a decentralized arbitration mechanism that can swiftly and equitably resolve any issues.

Features:

1. Users’ money is never held by Bisq. Deposits made into 2-of-2 multisig wallets promote profitable, risk-free trading.
2. Users can complete their first deal in less than ten minutes!
3. A decentralized exchange based on Bitcoin with decentralized governance.
4. Project strategy is freely discussed on GitHub and Keybase, and the code is available for public use.

9. PrimeXBT

A cryptocurrency trading platform named PrimeXBT provides more than 50 assets, such as indices, FX, commodities, and cryptocurrencies. They can leverage their trades up to 100 times to increase users’ gains. With just an email address and a password, users can register with PrimeXBT and begin trading in a few minutes since the service requires no KYC verification.

It offers sophisticated trading tools and features in an intuitive and adaptable interface. Professional charts, several order kinds, safe wallets, and real-time risk management are all available. 

Features:

1. PrimeXBT offers 24/7 customer assistance and is available on mobile and web devices. 
2. Several agencies regulate them.
3. They collaborate with leading suppliers such as Fireblocks to offer cold storage services and financial insurance.

Conclusion

These top 10 no-KYC cryptocurrency exchanges provide several features and advantages without requiring identity verification for traders who value confidentiality and anonymity. These platforms offer safe and discreet bitcoin trading options, regardless of trading expertise. When purchasing cryptocurrency without a KYC, we advise using MEXC and several other exchanges mentioned above. You can purchase ERC20 tokens without an ID by using decentralized exchanges like Uniswap.

Frequently Asked Questions