18 No KYC Exchanges August 2025 (Available Worldwide)

In this guide, we’ll share everything you need to know about KYC regulations and go through 18 exchanges that allow you to trade crypto with no KYC. 

Note: KYC policies change frequently. This article is updated regularly to reflect each exchange’s current KYC policies. 

What is KYC? 

KYC stands for Know Your Customer. This refers to a set of standards and regulations that allow financial institutions to verify a customer’s identity. KYC laws were originally put into place to protect against money laundering and terrorist activity.

Exchanges with KYC policies will ask you for information like your name, address, a copy of government-issued ID, and a selfie of you upon signup.

18 Non-KYC exchanges 

Let’s walk through 18 exchanges that allow users to trade cryptocurrencies without KYC. 

Hodl Hodl 

Hodl Hodl is a P2P Bitcoin trading platform. Unlike other exchanges, Hodl Hodl does not hold customer funds. Instead, the platform locks Bitcoin in escrow.

Hodl Hodl offers support for 100+ fiat currencies and a variety of different payment options for peer-to-peer transactions. This includes bank transfers and in-person payments. 

At this time, Hodl Hodl does not require KYC for users. 

Currently, Hodl Hodl is not available to customers in the United States due to ‘regulatory uncertainty’.

MexC

MexC is a cryptocurrency exchange founded in 2018 and headquartered in Seychelles. MexC offers more than 3,000 trading pairs and fees as low as 0.025%.

MexC offers a tiered KYC system. You can start making trades and withdraw up to 10 BTC with no KYC. However, MexC does require KYC for certain types of transactions, such as crypto-to-crypto and derivative trades. 

For years, MexC was one of the most popular no KYC exchanges in the United States. However, MexC stopped offering services to US customers in 2023.

Changelly 

Changelly is a cryptocurrency exchange founded in 2016 and headquartered in the Czech Republic. 

You can get started with Changelly simply by providing your email address, which allows you to trade with no KYC through the exchange’s P2P feature. You will need to provide more information to unlock more advanced features, such as buying cryptocurrencies with fiat currencies. 

Changelly is known for offering fees as low as 0.25%. 

Changelly is not available in the USA.

ByBit 

ByBit is a crypto derivatives exchange founded in 2018 and based in Singapore. 

At this time, ByBit does not require KYC to create an account. However, the exchange’s withdrawal limit is 20,000 USDT monthly for accounts with no KYC. 

ByBit also offers fees as low as 0.01% on spot trades.

ByBit is not available for customers in the U.S. and the UK. To use the site, you must confirm that you are not from a restricted country. 

TradeOgre 

TradeOgre is one of the original no-KYC cryptocurrency exchanges that still operates under the radar. 

The exchange allows users to buy and sell cryptocurrencies like Bitcoin as well as privacy-focused coins like Monero. At this time, TradeOgre does not collect KYC information from customers. 

TradeOgre offers a 0.2% fee on all transactions. 

TradeOgre is available in the US.

Pionex 

Pionex is a popular cryptocurrency exchange and trading bots that offers more than 400 cryptocurrencies for trading with a flat 0.05% trading fee.

Pionex offers different levels of KYC verification — including Unverified, Level 1, and Level 2. You can trade, withdraw, and deposit cryptocurrencies after providing just your name and country (no ID required!) 

While Pionex is not available in the US, American users can use Pionex.US (which has stricter KYC procedures to stay compliant with American regulations). 

CoinEx 

CoinEx is a Hong-Kong based cryptocurrency exchange that offers more than 700 cryptocurrencies! 

CoinEx allows you to trade cryptocurrency without KYC. However, the platform has significantly higher withdrawal and deposit limits for users who verify their identity. 

After a regulatory settlement in 2023, CoinEx agreed to stop onboarding new users in the United States. While the platform is technically still available in America, you can’t join if you don’t have an existing account. 

RoboSats 

RoboSats is a peer-to-peer exchange built specifically for Bitcoin. Because the network is peer-to-peer, there’s no KYC requirement — the platform allows you to get started trading Bitcoin with just your email address! 

RoboSats uses a Lightning Network integration so that your Bitcoin transactions will finalize within minutes! The platform charges a 0.2% fee which is split between the buyer and the seller. 

RoboSats is available in the US. Currently, the platform only allows users to trade up to $1,400.

Bisq 

Bisq is a decentralized exchange built to trade Bitcoin and dozens of other cryptocurrencies. Bisq is open source and peer-to-peer — meaning that no identity verification is required!

Bisq allows you to pay for crypto  using a variety of different methods — ranging from ACH to face-to-face transfers! 

Bisq charges 1.3% fees on BTC trades, which is split between the buyer and the seller.

Bisq is available in the US. 

ProBit 

ProBit is a cryptocurrency exchange founded in 2018 and headquartered in Seychelles. 

You can get started trading cryptocurrencies on ProBit with email verification only. The withdrawal limit for accounts with email verification is $5,000, while the withdrawal limit for accounts with full KYC is $500,000. To access higher trading limits, you’ll need to verify your identity. 

ProBit’s effective trading fee ranges from 0.03-0.20%.

ProBit is not available in the US.

Uniswap 

Uniswap was founded in 2018 by Hayden Adams. Today, Uniswap is one of the world’s biggest decentralized exchanges, offering a 0.3% standard fee on trades.

At this time, decentralized exchanges like Uniswap don’t collect customer information. All you have to do to get started is plug in your Ethereum wallet. 

Uniswap is available in the US and most other jurisdictions. 

SushiSwap 

SushiSwap was originally created as a hard fork of the Uniswap protocol in 2020. Today, the protocol has more than $150 million in Total Value Locked. SushiSwap offers a 0.3% standard fee on trades!

SushiSwap is available in the US and most jurisdictions. 

PancakeSwap 

PancakeSwap is a decentralized exchange built on the Binance Smart Chain (BSC). The BSC is EVM-compatible — meaning that it’s easy to port over assets from the Ethereum blockchain! 

The BSC is well-known for offering lower gas fees than other blockchains. All you need to get started is a Trust Wallet or another BSC-based wallet! PancakeSwap has 0.25% fees on crypto-to-crypto trades. 

PancakeSwap is available in the US and most other jurisdictions.

dYdX 

dYdX is a decentralized exchange founded in 2017 by Antonio Juliano. dYdX allows users to trade cryptocurrencies like ETH and DAI using leverage. dYdX offers advanced trading options for experienced investors, including perpetuals and margin trades. The platform offers fees of 0.05% and lower.

Like other decentralized exchanges, dYdX does not require KYC. 

dYdX is currently not available in the US. 

Jupiter 

Jupiter is a decentralized exchange aggregator built on the Solana blockchain. Jupiter allows you to see the best prices available for cryptocurrency trades, helping you save money on fees. 

Jupiter is a great option for investors interested in assets on Solana. The exchange has a perpetuals exchange which allows users to open leveraged long/short positions on BTC, ETH, and other assets. 

Jupiter is available in the United States and most other jurisdictions. 

Bitcoin Well 

Bitcoin Well serves users in the United States and Canada, and allows investors to buy and sell BTC online and through more than 200 Bitcoin ATMs in Canada. 

Bitcoin Well offers tiered KYC. The platform allows users to buy Bitcoin gift cards that can be used to purchase a limited amount of BTC with no KYC. To buy BTC directly and unlock higher transaction limits, you must verify your identity. 

Bitcoin Well has a 1.2% spread on transactions. 

OpenPeer

OpenPeer is another decentralized P2P marketplace available on Ethereum and EVM-compatible networks. 

What differentiates OpenPeer from competitors is that it allows users to buy crypto using their bank account with zero additional fees. While OpenPeer provides a decentralized identity system, KYC is optional. 

OpenPeer currently supports more than a dozen cryptocurrencies, including ETH and BNB. 

It’s important to remember that OpenPeer is relatively new. Some traders have experienced outages when trying to use the platform. 

Peach Bitcoin 

Peach Bitcoin is a peer-to-peer Bitcoin marketplace built specifically for mobile. The app supports online wallets like Revolut and PayPal, making it easier than ever to buy Bitcoin anonymously. 

Peach Bitcoin uses multisignature escrow and encryption to keep customers safe, and offers zero fees on Bitcoin sales. 

Peach Bitcoin can be downloaded on Google Play and on TestFlight on iOs. 

Peach Bitcoin is available in the US and most other jurisdictions. 

LocalCoinSwap 

LocalCoinSwap is a peer-to-peer marketplace that offers support for BTC, ETH, and other cryptocurrencies. The platform has enabled more than 200 million trades and offers 24/7 customer support. 

LocalCoinSwap allows you to create an offer to buy/sell crypto. The person who creates the offer pays a 1% transaction fee, while the person who takes the offer pays 0%. 

LocalCoinSwap is available in the US and most other jurisdictions.

Are crypto mixers legal in the US?

Tornado Cash — a service that mixed ‘identifiable’ cryptocurrency with cryptocurrency that couldn’t be identified — was banned by the United States in 2022. In recent years, the US government has targeted crypto mixer services over money laundering concerns.

It’s recommended to stay away from crypto mixing services to avoid legal trouble.

Why might someone avoid KYC in crypto? 

Crypto investors seek out non-KYC exchanges for several reasons. 

Right to privacy: The right to privacy and the importance of anonymity have long been central tenets of the cryptocurrency ecosystem. 

Access to more cryptocurrencies: Non-KYC exchanges often have access to newer cryptocurrencies that are not yet available on regulated exchanges. 

Don’t want to wait for validation: Validating your identity can take time. Non-KYC exchanges often can offer investors instant access to trades. 

What type of crypto exchanges are no KYC in the US? 

In the United States, centralized exchanges like Coinbase and Kraken are required to have KYC. However, decentralized exchanges and P2P exchanges do not have custody over customers’ crypto, which means they are not subject to the same requirements. 

Let’s walk through how these exchanges work. 

Decentralized exchanges: Decentralized exchanges (DEXs) are platforms that allow users to trade cryptocurrencies with other users. Smart contracts are used to algorithmically determine prices and match buyers with sellers. 

‍P2P exchanges: P2P exchanges match users who want to buy crypto with users who want to sell crypto. These exchanges typically hold crypto in escrow until the two parties set up a payment through check, bank transfer, or in-person payment.

Are non-KYC exchanges safe? 

In general, non-KYC exchanges are not as safe as their regulated peers. 

Non-KYC exchanges often don’t operate with the same consumer protections as their regulated counterparts. In the case of an exchange bankruptcy or shutdown, you may lose access to your funds permanently. 

Will the government crack down on non-KYC exchanges? 

It’s possible that some of the non-KYC exchanges listed below may change their policies in the future. In 2021, Binance started requiring KYC for all new users after years of pressure from regulators. 

Starting in 2026, all centralized exchanges operating in the US will be required to issue Form 1099-DA to customers and the IRS. To comply with these requirements, exchanges will be required to collect KYC information. 

Should I use a decentralized exchange to avoid KYC?

At this time, decentralized exchanges don’t have KYC. 

Still, it’s important to note that you’ll typically need to transfer your cryptocurrency to a centralized exchange to convert to fiat. 

If you’ve transferred cryptocurrency between a decentralized wallet and a centralized exchange where you provided KYC information, it’s likely that the IRS will be able to identify you as the owner of the wallet.

Is KuCoin a non-KYC exchange? 

KuCoin started requiring KYC for customers in 2023.

This policy change shows the pressure that no-KYC exchanges are facing around the world. It’s likely that some of the exchanges listed above will introduce KYC policies in the near future due to increased scrutiny from governments. 

Which non-KYC exchange has the lowest fees? 

ByBit is known for offering fees as low as 0.01%. However, the platform is not available in the US. 

LocalCoinSwap offers no fees if you accept an existing buy/sell offer. 

Are Bitcoin ATMs no KYC? 

Most Bitcoin ATMs do not require customers to verify identity for small purchases. 

Can the IRS track me if I use a non-KYC exchange? 

It’s important to remember that the IRS can track your transactions, even if you do use a non-KYC exchange. 

Remember, transactions on the blockchain are publicly visible and permanent. In the past, the IRS has worked with contractors like Chainalysis to link ‘anonymous’ wallets to known individuals.

Do I have to report transactions from non-KYC exchanges on my tax return? 

Even if your exchange doesn’t KYC, you are still legally required to report any capital gains, losses, and income generated from your crypto investing activity on your taxes.

Remember, tax evasion is a serious crime with serious consequences. The maximum penalty for tax evasion is a prison sentence of up to 5 years and a fine of $100,000. 

Once 1099-DA reporting requirements go into effect, it’s likely that the government will have more information to trace your ‘anonymous’ transactions.

In addition, not reporting transactions from non-KYC exchanges can cause issues if you transfer your cryptocurrency to a centralized exchange and convert to USD. Consider the following scenario.

If Zack decides not to report his trades from Uniswap, he now has UNI in his Coinbase account with no cost basis and no explanation of how he acquired it. This can cause tax reporting issues in the future.
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