The Best No-KYC Crypto Exchanges Ranked for 2025

In the fast-paced world of crypto trading, finding a non-KYC crypto exchange is a necessity for many seeking privacy. These exchanges let you trade without disclosing personal details, offering a way to preserve your anonymity while staying active in the market.

Yet, as regulations tighten and KYC (know-your-customer) requirements become more widespread, finding these exchanges can be difficult.

This guide breaks down the 8 best no-KYC crypto exchanges for 2025, including trusted names like Margex, Best Wallet, and BloFin. From ultra-low fees to high withdrawal limits, we’ll help you find a platform that aligns with your trading goals and lets you keep your personal information to yourself.

The 9 Best Non-KYC Crypto Exchanges at a Glance

Before we get into more detailed reviews, here’s a quick overview of the 8 best non-KYC crypto exchanges in 2025.

1. Margex — Flexible collateral options on futures trading with no-KYC
2. Best Wallet — Secure no-KYC crypto wallet for swapping, storing & joining presales
3. BloFin — Robust risk management tools for non-KYC traders
4. KCEX — Beginner-friendly no-KYC platform with 0% trading fees
5. BingX – Copy trading features without mandatory KYC
6. Bitunix – KYC flexibility for pro & novice derivatives traders
7. WeeX – Withdraw up to 500K $USDT worth of crypto without KYC
8. Changelly – No-KYC exchange that shows top rates across exchanges
9. ChangeNOW – Swap over 1.3K cryptos without verification or hidden fees

What Wallet Can I Use With a No-KYC Exchange?

None of our chosen exchanges require KYC upon sign-up. However, you may need to bypass this verification process by sharing your personal information (like name, address, and a photocopy of your passport or driving license) if you want to move or withdraw large sums of funds.

Moreover, these exchanges have the power to change their procedures at any given time, so they might introduce KYC later down the line. This could affect users who value privacy and want to protect their digital footprints.

Additionally, not all these exchanges are non-custodial and still control your private keys, which can put you at risk of online hacks or platform-related woes.

If you’re worried about your online privacy, we advise you to store your crypto in Best Wallet. This software app prides itself on being a no-KYC, non-custodial crypto wallet. You can use any crypto exchange and then transfer your funds to it for ultimate privacy.

The Top No-KYC Exchanges Reviewed

If you’re wondering how to buy crypto without KYC, this section will dig into the best no-KYC platforms offering anonymity and convenience.

Whether you’re also looking for low trading fees, access to thousands of top-notch altcoins or advanced tools like copy trading and leverage, these platforms cater to a wide range of preferences, all with no-KYC.

Let’s explore what each exchange brings to the table.

1. Margex — Flexible Collateral Options on Futures Trading With No-KYC

Margex is a centralized crypto derivatives exchange designed for traders who value both flexibility and privacy. One of its standout features is the ability to post collateral in various cryptocurrencies, including $BTC, $ETH, and $USDT, providing you with greater versatility in managing your assets.

With optional KYC, you can register from almost any region and start trading without revealing your identity, making it an attractive choice if you value discretion.

The platform supports over 49 perpetual contracts and offers leverage ranging from 5x to 100x, catering to diverse risk appetites.

Its intuitive interface and live demo accounts make it particularly accessible for newcomers just starting out with derivatives trading.

Key features include:

• Flexible collateral options: $BTC, $ETH, $USDT, and more
• Up to 100x leverage for tailored risk strategies
• Beginner-friendly interface with live demo accounts
• Manual withdrawal process for added transaction oversight

Margex charges competitive fees, with a maker fee of 0.019% and a taker fee of 0.06%. To reduce trading fees when making a deposit, you can get a 20% deposit bonus by using the promo code ‘MARGEXBONUS.’ All you need to do is deposit over $100 in any currency.

However, cryptocurrency withdrawals are processed manually only once per day, leading to potential delays. The exchange also only supports trading on perpetual contracts, with no options for spot trading.

Based in privacy-friendly Seychelles, Margex is considered secure, with 100% of funds reportedly held in cold storage. Despite lacking Proof of Reserves, the platform has maintained a solid reputation since its launch in 2020, with no reported security breaches or data leaks.

Visit Margex.

2. Best Wallet — Secure No-KYC Crypto Wallet for Swapping, Storing & Joining Presales

While it’s not a centralized exchange in the traditional sense, Best Wallet earns a spot on our list for its balance of privacy, utility, and security.

This mobile-first, non-custodial wallet gives you full control over your crypto — no ID, no account verification, and no custodial risk. You get the privacy of a cold wallet with the convenience of in-app swaps and DeFi access.

Currently available on Android and iOS, Best Wallet supports Bitcoin, Ethereum, Polygon, and BSC networks out of the gate, with plans to integrate 60+ additional chains, including Solana, Avalanche, and Cardano.

The app is still in active development, but it’s already caught the eye of privacy-focused crypto users thanks to its slick interface, multichain support, and in-app integrations with tools like DEX Screener, DexTools, and PancakeSwap.

Best Wallet lets you swap tokens cross-chain using an autorouter that automatically finds the best exchange rates and lowest gas fees. Holders of the native $BEST token get substantially reduced swap fees.

And when it’s time to exit, you can sell your crypto from inside Best Wallet, converting it back to your local currency without leaving the platform. Again, $BEST holders get discounted processing fees on both buys and sells.

But the real game-changer here is the Upcoming Tokens feature: a curated presale tracker. You can browse, research, and directly join meme coins on presale within the app, sidestepping sketchy mirror sites and fake pages. It’s arguably one of the safest ways to ape into a presale, and it’s already becoming a go-to for degens looking for early access without compromising security.

Key features include:

• 100% non-custodial and no KYC required
• In-app token swaps across multiple chains
• Built-in scam token filter for added safety
• DeFi tools, staking options, and crypto news integrations
• Proprietary token ($BEST) offers discounted fees for swaps
• Presale tracking and early access via the Upcoming Tokens section
• Curated crypto news section and market insights dashboard

The app is free to use, and you’re never forced to verify your identity or hand over sensitive info. You can trade, swap, or move funds however you like and then withdraw everything straight to cold storage if needed.

You can’t trade derivatives here or access advanced charting, but if you’re serious about staying off the grid and maintaining full control over your crypto, Best Wallet offers a privacy-first alternative to centralized exchanges.

Try Best Wallet.

3. BloFin — Robust Risk Management Tolls for Non-KYC Traders

BloFin stands out as a centralized crypto exchange with no-KYC that prioritizes robust risk management and privacy.

Established in 2019 and headquartered in the Cayman Islands, the CEX offers access to sophisticated tools like stop-loss orders, adjustable leverage, and detailed liquidation mechanisms.

These features empower you to navigate volatile markets with precision, all while preserving your anonymity, as KYC is optional for most activities.

As with many of the best crypto exchanges, KYC is optional. You can trade on BloFin and withdraw up to 20K $USDT daily without verification.

That said, you’ll need to complete level 1 KYC verification to withdraw up to 1M worth of $USDT and level 2 to pull out the equivalent of 2M $USDT per day.

Some of its top-tier features also won’t be able to be leveraged without completing the KYC levels.

Key features include:

• Adjustable leverage and stop-loss mechanisms for better risk management
• Proof of Reserves with Merkle Tree technology for transparency
• Insurance fund to cover liquidation shortfalls
• Demo trading for risk-free strategy testing
• Advanced futures trading with up to 150x leverage

BloFin caters to both novice and experienced traders with a customizable interface powered by TradingView. Key features include advanced order types, margin trading, and API integration for automated trading strategies.

The platform also supports demo trading, enabling you to practice risk-free with virtual assets.

It works in over 150 countries but is unavailable in the U.S., Canada, China, and some other jurisdictions. Traders in restricted regions may technically access the platform without KYC, though doing so violates BloFin’s terms and conditions and carries some risks.

Try BloFin.

4. KCEX — Beginner-Friendly No-KYC Platform With 0% Trading Fees

Established in 2021 and headquartered in Seychelles, KCEX positions itself as a beginner-friendly exchange that provides access to spot and futures markets without the need for KYC.

The platform supports over 1K cryptocurrencies and delivers robust functionality suitable for both casual traders and seasoned crypto traders alike.

KCEX stands out with its 0% maker and taker fees on spot markets, making it an attractive choice for high-frequency or budget-conscious traders. The exchange’s futures rates are also cost-friendly, with 0% maker fees and 0.02% taker fees.

It has a user-friendly interface that highlights the trending crypto trading pairs, including their current values and percentage changes in value, for quick insights into coins with high performance.

KCEX doesn’t require verification for trading or withdrawals. However, daily withdrawal limits apply to non-verified accounts. The daily withdrawal rate for basic verification is 30 $BTC.

Key features include:

• User-friendly interface designed for new traders
• Free transfers between KCEX users with no fees
• Spot and futures trading with up to 200x leverage
• Robust security options: anti-phishing codes and SMS verification
• Incentives for new users, including trading bonuses and rewards

While KCEX excels in simplicity and accessibility, it lacks support for fiat transactions, meaning you’ll need to deposit cryptocurrency to start trading.

Advanced tools like copy trading or automated bots are also not available without identity verification.

Enjoy 0% trading fees on KCEX.

5. BingX — Copy Trading Features Without Mandatory KYC

BingX is a versatile trading platform popular for its no mandatory KYC policy and its copy trading feature, which has surpassed $51M in copier earnings. These make it a go-to for traders seeking anonymity, flexibility, and advanced trading tools.

While verification is recommended to unlock the full set of features, you can still enjoy benefits while remaining unverified.

These include up to 20K $USDT in daily withdrawals and access to major trading features like spot trading, futures trading with up to 125x leverage, and an extensive selection of 800+ cryptocurrencies.

Key features include:

• Advanced copy trading: position ratio, fixed margin, and spot grid replication
• Mobile-friendly platform with seamless app navigation
• Competitive trading fees: 0.1% for spot and 0.02%-0.05% for futures
• Extensive cryptocurrency support with 800+ trading pairs
• Daily withdrawal limit of 20K $USDT for unverified users

Nonetheless, users with higher verification status have higher deposit and withdrawal limits. When completing basic KYC verification, you can withdraw up to 5K $USDT daily and 50K $USDT monthly.

You can withdraw however much you wish, with no set limit, if completing advanced KYC.

Copy trade on BingX.

6. Bitunix — KYC Flexibility for Pro & Novice Derivatives Traders

Established in 2021 in Seychelles, Bitunix is a crypto derivatives exchange that offers KYC flexibility.

On the CEX, you can buy, sell, and trade freely across 200+ trading pairs starting at just $10, and without handing over your data.

If you want to trade on Bitunix, its fees are competitive depending on your VIP level (which depends on the significance of your trading volume). To encourage active buying, the more crypto you own, the lower the fees.

Spot maker fees are 0.08% and 0.10% for VIP 0 users with less than 100K worth of $USDT, whereas spot maker fees are 0.02% and 0.05% for VIP 4 users who own the equivalent of 2M $USDT in crypto.

But a slight downfall is that you must submit at least one of your credentials if you want to withdraw funds on the exchange.

If you hand over one security item (email, phone number, or Google Authentication), you can withdraw the equivalent of $10K USD daily. But if you complete level 1 KYC, you can withdraw up to 2M $USDT – and 5M $USDT if you finish level 2.

Key features include:

• Futures trading with up to 125x leverage
• Tiered fee structure that lowers fees when trading volume increase
• Copy trading tool to mimic advanced traders’ tactics for potential gains
• Displays margin requirements, maximum leverage, and national values
• Robust reserve fund that exceeds the 1:1 ratio

Another added benefit of the exchange is that, upon signing up, you can win up to 8K $USDT. Owing to this, it comes as no surprise that the exchange has 1.3M+ global users and a 24-hour futures trading volume surpassing 200M.

It also supports fiat currencies for trading and onboarding, so you can deposit and trade through fiat payment methods (Visa, MasterCard, Apple Pay, and bank transfers).

Visit Bitunix.

7. WeeX — Withdraw Up to $500K $USDT Worth of Crypto Without KYC

WeeX is a highly user-friendly crypto futures exchange that offers over 1.6K trading pairs. You can start trading on the platform immediately with zero fees, which has helped propel its global user base to 5M+.

KYC is entirely mandatory. You can withdraw up to 500K $USDT every day without handing over your data.

However, you’ll have to complete KYC verification to pull out transactions worth 100K $USDT and up to 2M $USDT daily, also to unlock the exchange’s premium tools and trading options.

If you are new to crypto, its copy trading tool should be noticed. It enables you to follow in the footsteps of over 5K professional traders for significant gains. Impressively, it has attracted $8M+ in copy trading volume, earned by over 50K copiers.

Key features include:

• Copy trading tool with over $8M in volume
• 30K $USDT welcome bonus for new users
• 1K $BTC protection fund in the event of a hack
• Broad crypto support with over 1K digital assets
• Futures trading with up to 200x leverage

It also has fee-friendly trading costs. Spot trading fees are  0% for makers and 0.1% for takers, whereas futures fees are 0.02% for makers and 0.08% for takers. If you want to trade futures, you can enjoy a 70% discount if you hold the exchange’s native token, $WXT.

Check out WeeX today. 

8. Changelly — No-KYC Exchange That Shows Top Rates Across Exchanges

Changelly is a hybrid exchange that pulls market rates from other exchanges to give you the best rates.

Although it does have KYC measures, you can bypass them by sending a form to compliance@changelly.com. The compliance team will then send you a link to pass KYC within 24 hours.

The only time the exchange will insist that you partake in KYC is if its risk-scoring algorithm flags any risk-scoring activity, such as creating multiple accounts using disposal emails and detecting black market wallet addresses.

So, provided you’re not a fraudster (which hopefully you’re not!), you should be able to safely leverage Changelly and enjoy buying, selling, and trading over 1K cryptos, including some of the best meme coins, while safeguarding your online presence.

Maker and taker fees are both fixed at 0.1% for starter accounts that own 0 – 5 $BTC. However, the more Bitcoin you own, the cheaper the costs. For example, if you own more than 100K $BTC or more, maker fees are just 0%, and taker fees are 0.03%.

Key features include:

• DeFi Swap (DEX aggregator) that finds the best rates on many DEXs
• Market rates aggregated from multiple trading platforms
• Dedicated support team that advises users around the clock
• Strong reputation, having launched in 2015
• $50 welcome bonus for new in-app users

If you are a crypto newbie, you’ll be happy to know that it provides various options for easily buying crypto using fiat, including MoonPay, Simplex, Banxa, and Topper.

Join Changelly for the best rates.

9. ChangeNOW — Swap Over 1.3K Cryptos Without Verification or Hidden Fees

ChangeNOW is an instant crypto exchange that allows you to start swapping crypto straight away with no verification and no hidden fees.

As a non-KYC, non-custodial platform, it enables you to swap, buy, and sell 1.3K+ cryptocurrencies while you have complete control of your funds and secure your personal data.

Similar to Changelly, the only time it would require you to undergo the KYC procedure is if its automated risk-control system marked your exchange account as suspicious.

Impressively, it supports over 50K currency pairs, and you can easily switch your crypto for fiat and vice versa using 60 fiat currencies.

Key features include:

• Exchange any amount starting at just $2 with no upper limits
• Broad support of over 500K crypto pairs
• Offers access to over 1.3K cryptocurrencies
• Buy crypto with fiat (over 50 options) using your Mastercard or Visa Card

It also has enhanced features like fee savings, AML address checks, and cashback from 0.1% to 0.2%, depending on your membership level.  Once you obtain the ‘Brilliant Level,’ you can earn unlimited amounts of cashback.

Swap crypto straight away on ChangeNOW.

Comparing the Best No-KYC Exchanges

Choosing the right no-KYC crypto exchange involves weighing up factors like fees, supported cryptocurrencies, fiat compatibility, and trading features.

Check out this table for the essential aspects to help you select the best non-KYC crypto exchange that matches your trading style and priorities.

What is a No-KYC Crypto Exchange?

A crypto exchange with no-KYC allows traders to transact without undergoing identity verification, prioritizing privacy.

Unlike traditional exchanges, which often mandate you to supply personal details like ID uploads or proof of address to comply with Anti-Money Laundering (AML) regulations, no-KYC exchanges operate with fewer barriers. This appeals to privacy-focused traders, crypto enthusiasts in regions with restrictive regulations, and those simply seeking quick access to trading.

The mechanics are straightforward: you create an account—often with just an email address—then you deposit cryptocurrencies and begin trading. No-KYC platforms typically set withdrawal limits for unverified accounts to mitigate risks.

You might be restricted in how much cryptocurrency you can withdraw per day, such as 1 $BTC or 20K $USDT. Nevertheless, they let you maintain your anonymity while still participating in the market.

Such exchanges primarily cater to experienced traders and privacy advocates who understand the risks and benefits of trading without verification. By skipping KYC, these platforms reduce onboarding time, making them particularly useful for quick trades during volatile market conditions.

However, you should always DYOR to fully understand how to buy crypto without KYC before using one of these platforms, especially since some no-KYC exchanges operate in regulatory gray areas.

Should I Opt for a No-KYC Exchange to Buy Crypto?

Deciding whether to use a no-KYC exchange boils down to your trading goals, privacy priorities, and tolerance for risk.

While the best no-KYC exchanges offer greater privacy, they also come with trade-offs that traders must weigh carefully.

Below, we’ll explore the pros and cons to help you make an informed decision.

Why Choose No-KYC Exchanges?

There are many reasons why you should choose no-KYC exchanges.

Enhanced Privacy

No-KYC exchanges let you trade without sharing your personal information, ensuring a higher level of anonymity. This can matter if you value your privacy or live in a jurisdiction with restrictive crypto policies.

Faster Onboarding

No-KYC exchanges let you skip lengthy verification processes and start trading within minutes. This makes them perfect for seizing market opportunities during volatile price movements.

Global Accessibility

By bypassing identity verification, these exchanges often sidestep regional restrictions, making them available worldwide—even in countries with limited crypto access.

Lower-Entry Barriers

With no need to verify identity, anyone can trade on these platforms, regardless of access to traditional financial systems or valid identification documents.

Disadvantages of Using a No-KYC Crypto Exchange Platform

Like all good things, no-KYC crypto exchange platforms have a few snags.

Limited Features

Non-KYC users may face restrictions on withdrawal limits, participation in rewards programs, and access to certain advanced trading features like margin or copy trading.

Higher Fraud Risks

Operating in a regulatory gray area means these platforms might lack oversight, increasing the potential for scams or sudden shutdowns.

Always DYOR to avoid falling victim to vaporware exchanges.

Lack of Consumer Protection

Recovering funds from hacks or disputes becomes significantly harder, as no-KYC platforms may not have as robust user protection policies as those that enforce verification.

Fiat Integration Challenges

Most no-KYC exchanges don’t allow fiat currencies, so converting crypto to traditional money often requires additional steps on KYC-compliant platforms.

Regulatory Risks

Using a no-KYC platform in jurisdictions with strict crypto laws could lead to legal complications. It’s best to familiarize yourself with local regulations before proceeding.

How to Choose the Best No-KYC Cryptocurrency Exchange Platform

Selecting the right no-KYC crypto exchange is the best way to ensure a seamless trading experience without compromising your safety or privacy. Here are the key factors to evaluate before diving in:

• Trading Fees: Look for platforms with competitive maker and taker fees, especially if you plan to trade frequently. Beware of hidden charges for withdrawals or specific features.
• Accepted Payment Methods: Check whether the platform supports your preferred payment option, such as crypto-only deposits or fiat alternatives like credit cards.
• Supported Cryptocurrencies: Choose exchanges that list a wide range of cryptocurrencies, including major coins like BTC and ETH, as well as niche tokens or altcoins you may want to trade.
• Security Features: Verify that the exchange employs robust security measures, including SSL encryption, cold storage, and two-factor authentication (2FA).
• Liquidity Levels: Higher liquidity ensures faster trades with minimal slippage, especially for large-volume traders or during volatile market conditions.
• Leverage Options: If you’re a seasoned trader, evaluate the leverage limits and margin trading availability for enhanced flexibility.
• Withdrawal Limits: Some platforms impose limits on unverified accounts. Choose one that aligns with your trading volume and withdrawal needs.
• Platform Usability: Ensure the interface is intuitive and user-friendly, catering to both beginners and experienced traders. Mobile app functionality can be a bonus for on-the-go trading.
• Customer Support: A responsive support team can make all the difference during technical issues or disputes. Look for platforms with live chat or 24/7 support options.
• Geographic Availability: Confirm that the exchange operates in your region without requiring VPNs or workarounds that may breach terms of service.

These considerations also played a role in how we compiled our list of the best no-KYC exchanges, ensuring they meet a variety of trading needs while maintaining user privacy and convenience.

The Best No-KYC Crypto Exchanges — Summary

No-KYC crypto exchanges offer crypto trading without identity verification, making them ideal if you prize your privacy and anonymity.

These platforms vary widely in terms of features, fees, cryptocurrencies supported, and advanced trading tools. However, they typically feature limitations like withdrawal caps for unverified users or restricted access to fiat payments.

Choosing the best KYC-free exchange involves evaluating fees, security, supported cryptos, and ease of use. Our list highlights platforms that balance privacy with functionality, catering to both beginners and experienced traders.

Remember, though, this is not financial advice—always DYOR and align your choice with your goals and risk tolerance.

FAQs

1. Are no-KYC exchanges legal?

Yes, no-KYC exchanges are legal in jurisdictions with more relaxed or undefined cryptocurrency laws.

However, always be cautious, as trading on such platforms in areas with strict KYC/AML rules could lead to legal risks.

It’s always best to research your country’s stance on crypto regulations before using these exchanges.

2. Are non-KYC crypto exchanges safe?

Safety on no-KYC platforms depends on the exchange. Many utilize security measures like cold storage, SSL encryption, and two-factor authentication to protect user funds.

However, their lack of regulatory oversight can make resolving disputes or recovering assets after hacks quite challenging. Ensure the platform has a good reputation, solid reviews, and a proven track record of secure operations before trading on it.

3. Can I withdraw crypto without doing KYC?

Yes, no-KYC exchanges typically allow withdrawals without identity verification, but limits may apply. For example, platforms may cap withdrawals at 20K $USD to 1 BTC daily for unverified users.

While this works for small to mid-level traders, if you intend on exceeding these limits or accessing advanced features, you might need to complete KYC verification. Always check a platform’s withdrawal policies before depositing funds.

4. Why do some people prefer no-KYC exchanges?

No-KYC exchanges appeal to those seeking privacy, faster onboarding, and freedom from identity verification hurdles. They’re popular among traders in regions with restrictive crypto regulations or those concerned about data breaches from centralized platforms.

Additionally, if you don’t have government-issued ID documents, a no-KYC exchange may be your only option, though it can come with risks.