The crypto exchange market is diverse, with some traders valuing anonymity and others preferring a centralized system. Anonymous crypto exchanges are in no way inferior to those that require KYC verifications for operations. They, especially the best No KYC crypto exchanges in 2025 on this page, offer robust services, support hundreds of coins, and even accept fiat payments.
These platforms allow you to trade crypto and store your assets directly without referring to an external wallet. Registration is also hassle-free on these platforms. That is because they typically require only an email to set you up for trading.
Besides anonymity, the top No KYC crypto exchanges offer quick withdrawals, data protection, and transparency. These platforms are not all positive, though. There are risks involved when using them. We’ll highlight these risks as we take you through our top recommendations for trading crypto without KYC.
When it comes to fluidity, robust services, and amiable reputation, these are the top platforms we recommend for trading without KYC:Best No KYC Crypto Exchanges in 2025
Why Many Crypto Exchanges Include KYC Verification
KYC simply refers to “Know Your Customer.” It is part of the regulatory framework to prevent money laundering or fraud among the platform users.
For many crypto exchanges, including KYC verification as part of the registration process is mandatory for operations. That is typically because of the local laws in the countries where they are licensed to operate. These countries also provide guidelines on how the verification process will be done.
A prominent example is the US KYC verification. Crypto exchanges must obtain and verify the personal details of the users. Verification is typically done through the submission and examination of government-issued or accepted documents like IDs, driver’s licenses, passports, utility bills, and even bank statements.
To many crypto exchanges, there is no way to operate in such countries without implementing KYC verification for their users. Those who prefer to keep their users anonymous often do not operate in such countries. As such, the No KYC crypto exchanges typically have limited availability globally.
What No KYC Crypto Exchanges Do Differently
Let’s get one thing out of the way concerning crypto transactions. Trades on no KYC crypto exchanges are not anonymous. Instead, they are pseudonymous. In other words, the transactions are available on a public ledger (the blockchain), but the identity of the traders remains unknown.
The transactions connect with wallet addresses instead of the real names of the actual wallet owners. As a result, you can trade on our top No KYC crypto exchanges in 2025 without worrying about your identity being out there.
Some platforms, like Best Wallet, take things even further. They require no name for registration. You simply provide your email, get the verification code, and create your password to get an account. With that setup, you can then buy crypto with PayPal, Apple Pay, credit card, or any other supported payment option. However, note that many platforms require KYC when it comes to fiat deposits.
While No KYC crypto exchanges remain popular among those who mind anonymity, you should be aware of recent developments in regulating the crypto industry. One of these is the creation of an SEC task force in the United States to create a comprehensive and clear regulatory framework for the market.
These developments might lead to further limitations in the industry, especially for traders in the US. Already, we have limitations like withdrawal limits.
The best possible approach to staying anonymous without KYC is to use peer-to-peer crypto exchanges. With these, you can buy crypto with crypto and avoid the use of fiat currency.
Top No-KYC Exchanges Review
The absence of KYC might have been the primary criterion when we picked these platforms. However, we equally considered the ease of use, safety, transparency, supported cryptocurrencies, commissions, and other crucial factors.
With that said, here are our top seven No KYC crypto exchanges in 2025:
Best Wallet not only removes the need for KYC but also removes verification or ID requirements from the users. You can set up your account without submitting any official documents. All you need is a valid email to receive your verification code. From there, you can set up your password, save your seed phrase, enable 2-factor authentication, and even add a biometric lock to your account. With Best Wallet, you can set up and manage multiple web3 wallets. You can also import your existing wallet and your assets to manage them directly on Best Wallet. To add a new wallet, simply go to the “Add Wallet” section and create a new wallet. Even better, all the wallets are multi-chain. That means they support cryptocurrencies from different blockchains. With each wallet, you can buy, send, swap, and receive cryptocurrency anonymously. Simply tap on any of the icons to initiate the action. While Best Wallet isn’t a centralized crypto exchange, it still provides access to DeFi and other DApps. For the DeFi, the wallet supportsPancakeSwap DexScreener, and DexTools. The other DApps include Rocket Pool, Lido, Crypto News, CoinDesk, and Cointelegraph. Best Wallet is the best bet for the latest ICO drops or tokens. The platform lists new tokens even before other exchanges, allowing you to purchase them at a discounted price. Better still, you can trust Best Wallet’s thorough screening to remove scams and other fraudulent crypto projects. As for trading, you can do that on the BEST DEX. The platform supports trading on Ethereum and BNB Smart Chain. It also checks and lists the best exchange rates in seconds to give you the best rates. You can hold the Best Wallet token for reduced fees when selling on the platform. The token also qualifies its holders for airdrops and other perks.
1. Best Wallet — Overall Choice for No-KYC Trading and Storage
Top Features of Best Wallet
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TorrentSwap offers a platform to swap cryptos without KYC or registration. Even better, it is decentralized, fast, and secure, with enhanced privacy compared to centralized exchanges. The seamless crypto exchange makes it a favorite among crypto users. You can swap cryptos across the major blockchains, including Bitcoin, Ethereum, Polkadot, Solana, and Arbitrum, but it doesn’t end there. The platform also supports swapping without having to divulge any of your crucial personal information. Simply pick the cryptocurrencies you want to swap and receive. Then, enter the addresses. TorrentSwap will provide a quote for the transaction. This quote includes the fees, exchange rate, and estimated time for the swap. Send the cryptos to the address provided. Once confirmed, you’ll receive your swapped assets immediately. To facilitate cross-chain swaps, TorrentSwap leverages decentralized liquidity sources. The primary source is Chainflip. This source is a decentralized, trustless protocol that allows cross-chain swaps with state chains and vault systems. Anonymity is a strong suit with TorrentSwap, making it a notable alternative to Best Wallet. Your funds will remain in your control throughout the swap, thanks to the self-custody approach on the platform. Most swaps on TorrentSwap take less than 30 minutes, but that’s not the best part. You can monitor all the transactions in real time through a public tracker. This feature enhances transparency. When it comes to global access, TorrentSwap is right there among the best. The absence of a registration or account creation process means anyone can use it anywhere in the world, provided crypto transactions are legal.
2. TorrentSwap – Swap Crypto Across Blockchains with no KYC
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GhostSwap is another notable option for No KYC exchanges that adds crypto purchases to its services. Even better, the platform supports payments in local currencies worldwide, cementing its spot among global No-KYC cryptocurrency exchanges. Just like Best Wallet and TorrentSwap, there is no need for ID verification when working on GhostSwap. You don’t even need to create an account before you start swapping tokens or buying cryptos. Speaking of crypto swaps, GhostSwap supports over 1,500 cryptocurrencies. The cross-chain swaps include popular options like Bitcoin, Ethereum, and even emerging altcoins. What’s better is that you’ll perform all these transactions while remaining completely anonymous. GhostSwap isn’t notable for its No KYC policy alone. It offers robust security for transactions via advanced encryption protocols. As such, all transactions are protected from unauthorized access. There is also a seamless refund process if a transaction fails. When it comes to the actual transactions, GhostSwap processes them quickly. There is no time wasted on KYC verification and the like. Hence, you can expect your swaps to be complete within a few minutes. Since its debut, GhostSwap has processed transactions worth over $600 million. It has also served over 1 million users and counting. To use GhostSwap, simply select the cryptocurrencies you want to swap and click Exchange. Then, provide the address and send crypto to the deposit address. Once the platform marks your transaction as finished, you’ll receive your crypto instantly. Using GhostSwap is seamless, thanks to the user-friendly interface. The platform is also custody-free, meaning you are in control of your funds all the way.
3. GhostSwap – Swap and Buy with No KYC
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KCEX offers spot and futures trading together with access to Bitcoin, Ethereum, and Solana. You can trade anywhere via its mobile app. Simply download the appropriate one for your device (iOS or Android). This platform shines when it comes to trading the best altcoins. It is one of our top No KYC crypto exchanges with a special focus on trading altcoin futures with the lowest fees. But it gets even better. The platform has launched a zero withdrawal fee event among other innovations. You’ll get a safe and reliable platform with KCEX, as it complies with industry-leading security and professional operations. Its services are also multilingual to support its large 1 million+ user base. When it comes to futures trading, KCEX supports leverage of up to 100x. You can also use triggers, trailing stops, and post-only for your orders. Spot trading supports various trading pairs, including meme coins, AI agent coins, Solana, Ton, Base, and Tron. You’ll get advanced charts and trading indicators for over 1,000 cryptocurrencies on the platform. KCEX is one of the top No KYC crypto exchanges where you can find niche cryptocurrencies. Simply go to the “Newest” section of the market to view emerging coins. When you are ready to trade, you can trust KCEX for brisk order executions. Deposits and withdrawals are also swift on the platform.
4. KCEX — Top Choice for Trading Altcoin Futures
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Margex allows users to stay anonymous if they transact in cryptocurrencies. The moment you switch to fiat transactions, you will have to complete the KYC procedure. As for the features, Margex stands out for its perpetual trading. It allows perpetual trading and provides up to 100x leverage for you and other traders. The platform also offers up to 50x leverage on other prominent cryptos like Polygon. Leverage allows you to trade with significantly more buying power than what you have in your account. Speaking of trading, you can start with a demo account. When you are ready, you can open a real account for free. You will get swift order execution times, low fees, and liquidity from over 12 top providers. The platform has over 500,000 users so far, with a presence in 153 countries. As such, it is not only reliable but also widely available. Besides perpetual futures and other derivatives, Margex offers copy trading. This feature allows you to follow and copy the trades of over 100 top traders on Margex. It takes only one click to copy the trade and apply it to your account. When copying trades, you’ll find the top five traders by ROE (return on equity). Then, simply click “Copy trade now.” Margex offers other noteworthy features to enhance safety and ease of use. One of these is the MP Shield system. With this system, you’ll have a market free of manipulation from fraudulent players or even whales. To get started with Margex, simply download the application on your device. The platform has apps for Android and iOS. You can download it from the official stores or use the APK file for installation.
5. Margex — Trade and Invest Anonymously
Top Features of Margex
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BIoFin offers futures trading, where you can trade trending tokens. It also lists tokens much earlier, like Best Wallet but it gets even better. With BIoFin, you’ll have a full trading experience with advanced charts, trading indicators, and tools. Order books and trade history are also available to aid your trading decisions. Better still, you can use the signal bot to trade futures automatically using signals from TradingView. A TWAP feature is also available to split large orders. You can use it to place orders at scheduled times and reduce slippage. Besides futures trading, BIoFin offers spot trading. Like futures trading, you’ll get advanced charts, trading indicators, order books, trade history, etc. However, the platform does not offer trading bots for spot trades. Like Margex, BIoFin supports copy trading. There is a leaderboard where you can track the top traders on the platform. Or, you can still track all the traders on the platform before picking your preferred trader. The categories you can search within include top ROI, top prudent, highest copier’s PnL, and top new talent. Once you find a preferred trader, simply click “Copy” to copy the trade. BIoFin stands out with low latency, fast processing, and stable systems. It also has enhanced security thanks to Fireblock’s security and Chainalysis real-time monitoring.
6. BIoFin — Enhanced Trading Experience with Bots
Top Features of BIoFin
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Bitunix boasts over 300 USDT-margined contract trading pairs, but it gets better. These pairs come with up to 125x leverage for the traders, making Bitunix one of the best platforms for margin trading. This platform accepts fiat deposits and crypto payments. But, like the others, paying with fiat currency will require KYC verification. If you choose to continue with crypto alone, you can do so without KYC verification. But there will be limitations. Withdrawals without KYC are limited to 500,000 USDT. For any withdrawal above that, you’ll have to complete the basic KYC and the advanced verification. Back to trading, Bitunix offers crypto trading services in over 100 countries, including the US and Canada. The platform operates in the US with a US MSB (money services business) license. You can trade spots and futures on Bitunix. Better still, you can engage in P2P trading with other traders directly. Bitunix offers a tiered risk limit system to reduce the likelihood of forced liquidation. This system adjusts the leverage and margin requirements based on your position size. It will remain active during a trade. Copy trading is also available on Bitunix. Like other platforms with copy trading, you simply have to copy the trades of other successful traders.
7. Bitunix — Top Platform for Crypto Derivatives
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Weex glides past other top No-KYC crypto exchanges with its daily rewards. Every day, users have a chance to win BTC and XRP through the daily spins. Better still, new users will receive airdrops while existing users have more VIP perks as they trade. This platform has a 1,000 BTC protection fund with top-level liquidity. It is available for download on the Apple Store and Google Play Store for on-the-go trading. With Weex, you’ll get over 1,000 trading pairs and a daily trading volume of over 28 billion USDT. The platform serves over 5 million users and features spot, futures, and copy trading. For futures trading, you can trade crypto with up to 200x leverage. The extensive trading pair support also allows you to diversify your portfolio as you do so. The copy trading section features over 5,000 traders with over 50,000 copiers. So far, the platform has exceeded 800 billion USDT in copy trading volume. Signing up with Weex comes with a reward to kickstart your trading journey. You can also participate in the current WWFC for a shot at 800,000 USDT.
8. Weex — Trade with Daily Rewards
Top Features of Weex
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BingX stands out from the rest of the No-KYC crypto exchanges on this list, thanks to its support for personal trading strategies. You can create yours with spot grid and futures grid trading. All you have to do is go to the grid trading page and create your strategy. The entire process is intuitive. The platform promotes transparency through 100% proof of reserves. It has top cybersecurity firms as partners and undergoes regular security audits to prove its commitment to transparency and user satisfaction. Like other No-KYC crypto exchanges on this page, BingX is available on mobile through its mobile application. Download it, set up your account, and you will receive 6,000 USDT as a welcome gift. BingX supports futures and spot trading. For futures trading, you can enter long and short positions with leverage as high as 125x. Spot trading, on the other hand, features over 1,000 coins with automatic calculation of average costs and PnL. Copy trading is also available on BingX. The platform has over 17,000 elite traders to pick from. So far, it has made over 51M in copier earnings and processed over 600M in orders. While copying, you’ll find out how many people have copied the same trade.
9. BingX — Create Your Personal Trading Strategy
Top Features of BingX
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No-KYC Crypto Exchange Comparison
| Exchange | Supported Cryptos/Trading Pairs | Trading Fees |
| Best Wallet | 60+ chains | 0% |
| Margex | 55+ cryptocurrencies | 0.06% taker fees and 0.019% maker fees |
| BIoFin | 1,000+ trading pairs | Varies according to VIP level |
| KCEX | 500% cryptos | 0% |
| Bitunix | 300+ trading pairs | Varies according to VIP level |
| Weex | 600+ cryptocurrencies | 0.02% for makers and 0.08% for takers (futures trading) |
| BingX | 700+ cryptos | 0.045% for all trades |
Why You Should Consider Crypto Exchanges without KYC
Enhanced privacy and anonymity are the hallmarks of No KYC crypto exchanges. They are also the primary reasons why many opt for them instead of centralized platforms. Nevertheless, these platforms offer a lot more than anonymity when it comes to your personal details.
Here are the other advantages of using non-KYC crypto exchanges:
Accessibility
Non-KYC crypto exchanges are the best bet for those in regions with strict financial regulations or limited access. Because of how they operate, these platforms can onboard users without breaking any financial regulations. They typically do this by operating offshore while the no-KYC requirement allows users from such regions to register and conduct transactions.
If you lack the necessary documentation for KYC verification, our recommended top No-KYC crypto exchanges will work best for you. Simply pick one (Best Wallet is our top recommendation), set up your account, and start trading without worrying about KYC.
Reduced Risk of Identity Theft
With non-KYC crypto exchanges, the only information out there will be the wallet address and the transaction on the blockchain. Your name, banking details, and other crucial personal information are not needed. As such, there is nothing for identity thieves to work with.
Besides identity theft, you’ll also protect your banking information. That is because your transactions will primarily be in crypto, from one wallet to another.
Swift Withdrawals
Non-KYC crypto exchanges typically have swift withdrawal processes. There is no need for extra verification, which typically takes time on centralized exchanges. Instead, you simply provide your wallet address, and the transaction is processed immediately.
How to Select a Crypto Exchange without KYC
Having no KYC requirements is not enough to get the best out of these platforms. Other factors you should consider when picking a non-KYC crypto exchange include the following:
Withdrawal Limits
Most No KYC crypto exchanges impose withdrawal limits on accounts without KYC. An example is Bitunix with a 500,000 USDT cap on withdrawals.
Best Wallet, our top choice, has no such limits, as it is completely anonymous for all users. For other platforms, consider how much you are ready to work with when it comes to withdrawals. Then, pick a platform that has higher limits than that amount.
Supported Chains and Crypto
This factor is primarily based on your preferred cryptocurrencies. Even so, we recommend picking platforms that support as many cryptos as possible. You can also consider platforms that support NFTs as well.
With Best Wallet, you’ll have little to worry about when it comes to your preferred coins. The platform supports over 60 chains and features multi-chain wallets to store old and new cryptocurrencies.
Safety and Security
Go for platforms with reputable license information, or at least, proof of compliance with industry best practices and regulations. As for personal security, we recommend platforms with valid SSL encryption technology, 2FA support, biometric locks for mobile apps, and even connection with authenticator apps.
Avoid blacklisted platforms or those that have been involved in fraud in the past.
Advanced Trading Charts, Indicators, and Tools
For expert traders, we recommend reviewing the exchange to see if it has your preferred indicators, charts, and tools. The top technical indicators to look out for are moving averages, relative strength index, Bollinger bands, and average directional index.
The Risks of Using No-KYC Crypto Exchanges
Scammers and malicious actors will appreciate the anonymity no-KYC crypto exchanges offer. As such, they are often present, especially in the P2P trading section. You must be mindful of how you transact and always make use of the escrow service most no-KY crypto exchanges, like Best Wallet, offer.
Other risks to look out for are as follows:
- Limited regulatory protection from the government
- Security vulnerabilities that may result in hacks, breaches, and even loss of funds
- Loss of funds in the event of a government crackdown on such platforms
- Risk of violating local laws against trading on such platforms
What Lies Ahead for No-KYC Crypto Exchanges
For now, most no-KYC crypto exchanges operate as offshore platforms. They do so from countries that allow such or have less strict regulations on KYC. However, regulations are ongoing to force these platforms to conduct KYC verifications.
One such regulation is the travel rule from the Financial Action Task Force (FATF). This rule requires virtual asset service providers (VASPs) to share user information during transactions.
The United States is also set to implement mandatory 1099-DA reporting in 2026. With this regulation, crypto exchanges will have no choice but to collect user information.
Final Thoughts
Best Wallet remains our top choice among the best no-KYC crypto exchanges. It provides anonymous multi-chain wallets and offers access to various DApps, including DeFi like PancakeSwap.
For a more robust trading experience, you can consider Best DEX, Margex, BIoFin, KCEX, and BingX. However, you can still use Best Wallet as your primary storage as the wallet is no-custodial.
FAQs
Is it legal to use a No-KYC crypto exchange?
Which No-KYC crypto exchange is the best?
How do I sign up with Best Wallet?
