20 Best No KYC Crypto Exchanges (May 2025)

Researching the best no KYC crypto exchanges to use to trade securely and privately? We’ve rounded up 20 of the best non-KYC crypto exchanges in May 2025.

Want to buy, sell, or trade crypto without KYC verification? The list of secure, no KYC exchanges keeps shrinking as regulators, including tax offices, push crypto exchanges to collect personal data and issue forms like the IRS's 1099 form.

Some investors still value the anonymity of crypto above all else, and that’s where no KYC exchanges come in. We've rounded up the crypto exchanges without KYC where you can still trade without KYC, or only need it once you hit a certain limit.

But, please proceed with caution — KYC exists for a reason, and in many cases, it helps keep your funds (and identity) safer than you think.

Let’s dive into the 20 best no KYC crypto exchanges for 2025.

What is KYC in crypto?

Crypto KYC, or Know Your Customer, is a legal requirement for centralized exchanges to verify the identities of their users. It aims to prevent the use of cryptocurrencies for money laundering, tax evasion, and financing illegal activities.

What are the best no KYC crypto exchanges?

MEXC

MEXC doesn’t enforce mandatory KYC — at least, not at first. The platform offers three account tiers: unverified, primary KYC, and verified plus. Unverified users can withdraw up to 10 BTC every 24 hours, but some users have recently reported being asked to verify or withdraw funds, so the rules may shift without much notice.

In certain regions, you might hit a 1000 USDT trading limit before KYC is required, and withdrawals could be paused until verification is complete. Oh, and if you're in the US, MEXC isn't available as of late 2023. Tempted to use a VPN? Just know that violating their terms could get your account suspended and your funds locked.

Now for the platform itself — MEXC is a major global exchange with over 1600 cryptocurrencies, low trading fees (even lower for MXC token holders), and a range of features like spot, P2P, futures, leveraged ETFs, and crypto savings products.

So yes, no KYC… kind of. Just read the fine print.

CoinEx

CoinEx is a no KYC exchange that serves users globally, including in Europe, North America, and Australasia, at the time of writing.

Unverified users can withdraw up to 10,000 dollars per day or 50,000 dollars per month. That said, CoinEx may ask for verification at any time. If you plan to trade privacy coins, KYC is required before you can deposit or withdraw.

US users, be warned. In 2023, CoinEx agreed to stop onboarding new customers from the United States after a regulatory settlement and a ban in New York. The platform may still be accessible, but it is not officially available to new US users.

CoinEx supports more than 600 cryptocurrencies available for spot trading, margin trading, and futures trading. Plus earn products and promotional rewards.

Trading fees are competitive, starting at 0.2 percent and dropping to 0.1 percent for CET token holders. For now, CoinEx remains one of the easier exchanges to access without KYC, as long as you are in the right part of the world.

dYdX

There is no KYC on dYdX. As a non-custodial platform, get started by connecting a non-custodial wallet like MetaMask, Trust Wallet, Coinbase Wallet, and more including WalletConnect-compatible wallets.

Currently, dYdX is not available to users in the US or Canada. If you're based elsewhere, you're in luck.

The hybrid decentralized exchange offers perpetual contract trading on over 35 cryptocurrencies with leverage, so it's best suited to traders who know what they’re doing. If you're comfortable with risk, dYdX is an good option for more advanced investment opportunities as services like these are often restricted in many countries.

Bybit

Bybit does not require KYC to open an account or start trading, but there are limits. Non-KYC users can withdraw up to 20,000 USDT per day, but cannot access fiat deposits or withdrawals, and features like earn products and staking are off the table. Bybit also reserves the right to request KYC at any time, especially for withdrawal approvals.

Currently, Bybit is not available to users in the United States. And yes, using a VPN might be tempting, but breaking the rules could get your account suspended.

Outside of restricted regions, Bybit is one of the biggest exchanges in the world in terms of daily trading volume, It offers more than 400 cryptocurrencies and support for major fiat currencies including USD, EUR, GBP, AUD, and CAD. It offers a wide range of features including spot and margin trading, leveraged tokens, derivatives, and passive income products like savings accounts and liquidity mining.

If you are not in a restricted region and don’t mind some limitations, you can use Bybit without KYC — just don’t expect the full menu without verification.

PrimeXBT

PrimeXBT does not require KYC by default. Users can trade and withdraw crypto without verification, with a 24-hour withdrawal limit of 20,000 dollars and a deposit limit of 2,000 dollars. Fiat deposits and withdrawals may be restricted.. While the platform takes a strong stance on user privacy, it does reserve the right to verify your identity or source of funds at any time through a Customer Due Diligence process.

At the time of writing, PrimeXBT is available in many regions worldwide, though availability may vary depending on local regulations.

Unlike many other crypto platforms, PrimeXBT also offers access to traditional markets. Users can trade not only crypto but also forex, commodities, CFDs, and stock indices. The crypto selection is smaller than most, with major assets like Bitcoin, Ethereum, Litecoin, XRP, and EOS.

If you're looking for a more private way to trade both crypto and traditional assets, PrimeXBT offers a solid option — just be aware of the limits and keep an eye on the fine print.

Bisq

Bisq does not require KYC. In fact, Bisq is proudly anti-KYC. As a fully decentralized exchange, Bisq doesn’t hold your funds, doesn’t store your data, and definitely doesn’t want your ID. All trades are peer to peer, routed through Bisq’s own secure network built on Tor.

At the time of writing, Bisq is accessible worldwide. Since it’s not a platform in the traditional sense, there are no official regional restrictions, but your payment method may vary based on location.

Bisq is a decentralized Bitcoin exchange network that allows peer-to-peer trading using unique, open-source software that connects users who want to trade. All your trades are non-custodial, so Bisq never holds your funds, and all data is transferred using Bisq’s own secure, peer-to-peer network, built on the Tor network.

Bisq is built for privacy purists and operates a bit differently to your average exchange. It uses open-source software to connect buyers and sellers directly. While there is no KYC, there are a few limits based on the age and verification status of your account. New accounts start with fairly low trade limits — around 0.002 BTC to buy and 0.0624 BTC to sell, but these can increase over time, especially if you sign your account using a SEPA payment.

If you’re looking for true peer-to-peer trading with no middlemen and no paperwork, Bisq is about as decentralized as it gets. Just be prepared to learn a few new tricks.

HODL HODL

HODL HODL is a non-custodial Bitcoin trading solution that allows users to trade directly with each other without holding user funds. Instead, any funds traded on the platform are locked in multi-sig escrow, minimizing the possibility of theft and reducing trading time for users.

Since the platform doesn’t hold funds, it’s not subject to the complex compliance procedures that most centralized crypto exchanges are, meaning there’s no mandatory KYC on the platform, and HODL HODL will never ask you for your personal information.

As a P2P trading site, there are no withdrawal limits, but there are limits to the number of contracts, active offers, and volume allowed for a single trade.

Uniswap

Uniswap is the largest decentralized exchange, boasting a total value locked (TVL) of more than $4 billion. As a decentralized exchange, all you need to get started with Uniswap is a non-custodial wallet with funds. There’s no KYC, and at no point will Uniswap ask for your personal details.

Investors can trade Ethereum and ERC-20 tokens at speed with minimal slippage, as well as other native cryptocurrencies and tokens on other blockchains, including BNB Chain, Optimism, and Polygon. As well as this, there are opportunities for earning through liquidity provision on the dex.

Pancakeswap

PancakeSwap is the most popular decentralized exchange for BNB Chain, letting investors trade BNB and other BEP-20 tokens easily. All you need to get started is a non-custodial wallet like Trust Wallet. As a decentralized exchange, PancakeSwap will never ask you for personal details, and no KYC is necessary.

As well as trading, there are a number of other investment opportunities on the dex, including liquidity provision, farming, staking, and even a lottery.

Simpleswap

SimpleSwap is an instant crypto exchange, offering more than 900 crypto and fiat currencies available to trade. To use SimpleSwap, you don’t even have to register an account, you just set the terms of your trade, enter relevant wallet addresses, and go.

As such, there’s no mandatory KYC for SimpleSwap users, making it an easy option for buying and selling crypto without needing to provide your personal information in the process. As well as this, the interface for the platform is very straightforward, making SimpleSwap a potentially more appealing option than some decentralized exchange that take a little more getting used to.

It's important to note, SimpleSwap does make it clear that, should partners request KYC information, verification may be required.

Changelly

Changelly is a non-custodial crypto exchange that lets investors buy, sell, and trade more than 200 cryptocurrencies, as well as providing earn products, margin trading, and perpetual futures trading.

All you need to use Changelly is a non-custodial wallet like Exodus, Ledger, or MyEtherWallet (and more). 

As a non-custodial platform, Changelly does not enforce KYC processes as standard. However, the platform does reserve the right to request details should a transaction be flagged as suspicious. As well as this, some transactions and products available on Changelly may require KYC if you’re using Changelly to connect to another platform.

Unfortunately for US investors, Changelly does not provide services in the United States.

TradeOgre

TradeOgre does not require KYC. There are no verification steps, no forms to fill out, and no selfie requests. The exchange has a strong focus on user privacy, especially when it comes to trading privacy coins like Monero.

At the time of writing, TradeOgre does not list any restrictions for US residents in its terms of service. That makes it one of the few centralized exchanges still accessible to US users — at least for now.

Launched in 2018, TradeOgre is a centralized crypto exchange offering over 120 cryptocurrencies. It’s a no-frills platform that keeps things simple. If you are privacy-minded and looking to trade without giving up personal data, TradeOgre is worth a look. Just don’t expect any bells or whistles.

Pionex

Pionex does require KYC, but the process is tiered. At the time of writing, users can access basic features with Level 1 KYC, which only asks for your name and country. Unverified accounts are limited, but Level 1 lets you trade, deposit crypto and fiat, and withdraw USD — all within certain limits.

Pionex is available to US users, although a few offeatures are off the table. Leveraged grid bots, margin grid bots, and leveraged tokens are restricted in the US.

The platform launched in 2019 and now offers over 330 cryptocurrencies. Its main selling point is automation, with a suite of free crypto trading bots designed to help users automate strategies — no coding required.

If you're looking for a balance between convenience and control, Pionex offers a fairly low barrier to entry with light KYC and plenty of automation tools to experiment with.

ProBit

ProBit uses a tiered KYC system. Level 1 requires only email verification and gives access to basic features like deposits, trading, staking, and withdrawals up to 5,000 dollars. Level 2 unlocks higher limits and access to IEOs, but requires full identity verification. As with many exchanges, ProBit may request KYC at any time, regardless of level.

At the time of writing, ProBit is sadly not available to US residents (discover available US crypto exchanges here).

The platform supports over 400 cryptocurrencies and also offers staking, earn products, and initial exchange offerings. If you're outside the US and looking for a low-barrier exchange with decent volume and variety, ProBit could be a good fit — just don’t be surprised if KYC comes knocking later.

OpenPeer

OpenPeer is a decentralized peer-to-peer exchange built on EVM networks like Ethereum, Binance Smart Chain, and Polygon. You can trade on OpenPeer directly from your self-custody wallet like MetaMask or Trust Wallet. OpenPeer never holds your funds and uses a smart contract-based escrow system. 

KYC is optional and up to both traders if they want to require the other party to KYC through the decentralized identity systems that OpenPeer provides. Most trading on OpenPeer takes place in USDT, and it supports 100+ fiat currencies and payment methods. As a new exchange, liquidity in some trading pairs is limited. OpenPeer will never ask you for your personal details.

OpenPeer is not available to US residents and residents from other sanctioned countries, but the self-custodial nature means their on-chain contracts are all permissionless.

Bitcoin Well

Bitcoin Well is a non-custodial platform that allows users to buy, sell, and use Bitcoin directly, without needing to trust a third party with their funds. The service is geared toward those who prioritize self-custody and transparency, offering both online transactions and physical Bitcoin ATMs across Canada.

Bitcoin Well has tiered KYC. Without email verification, users can purchase gift cards. With email verification, users can sell Bitcoin. Online purchases typically require identity verification, while in-person ATM transactions may allow smaller purchases with minimal or no KYC, depending on local regulations. As a regulated business in Canada, Bitcoin Well complies with FINTRAC guidelines and may request verification at any time.

Bitcoin Well primarily serves Canadian and US users, and some services may not be available to residents of other countries.

BYDFi

BYDFi is a centralized cryptocurrency exchange that offers spot trading, derivatives, and copy trading. The platform supports over 280 cryptocurrencies and caters to both beginners and advanced traders.

When it comes to KYC, BYDFi states it allows users to trade and withdraw up to 5000 USDT per day without completing identity verification. Completing KYC will increase your deposit, withdrawal, and trade limits. It's worth noting, though, BYDFi reserves the right to request KYC verification at any time, and some users have reported this issue upon requesting withdrawals.

Currently, YDFi restricts access to users in certain jurisdictions, including the UK and the US, due to regulatory reasons.

Robosats

RoboSats is a peer-to-peer Bitcoin exchange where users can buy and sell Bitcoin directly with each other using the Lightning Network, all without the need for an account or personal information.

KYC is not required on RoboSats. Instead, users interact with the platform using disposable robot avatars and communicate through Tor or standard browsers. Trades are secured with escrow and reputation scores, and payments are made via Lightning or on-chain Bitcoin transactions. Trades are currently limited to $1,400 per transaction.

RoboSats is accessible globally, including in the US.

Haveno

Haveno is a decentralized, non-custodial, peer-to-peer exchange for trading Monero (XMR) that's accessible globally. Built on the Tor network and leveraging Monero’s privacy features, Haveno enables users to trade without intermediaries or centralized servers.

KYC is not required on Haveno. The platform was created to offer a KYC-free environment for exchanging Monero and fiat currencies. To mitigate fraud risks, Haveno implements account limits for fiat payment methods. New fiat accounts are initially limited to buying up to 3 XMR per trade. This limit can increase via an account signing process over time.

It's worth noting that Haveno is a relatively new exchange, which only launched on mainnet in 2024. Some users have warned of issues, including untested source code and low liquidity. You'll also need a relatively decent technical understanding to install and use the platform.

Peach Bitcoin

Peach Bitcoin is a mobile-only, peer-to-peer Bitcoin exchange. Operating without KYC verification, it enables users to buy and sell Bitcoin directly with many payment methods, including bank transfers, online wallets, and cash. The platform is available in Europe, Latin America, and Africa.

Peach Bitcoin is a non-custodial platform, and the app stores user data locally on the device, and all communications are end-to-end encrypted. Trades are secured through a multi-signature escrow system, and users are rated based on their trading history to prevent fraud. While the platform does not require KYC, it adheres to Swiss regulations, with daily and annual trading limits for users.

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

Yes. Even if you’re using no KYC crypto exchanges, most tax offices have released clear guidance that crypto is subject to tax, and any attempt to avoid tax on cryptocurrency is tax evasion and a criminal offense with steep penalties.

Tax offices around the world are cracking down on investors they believe may be avoiding crypto taxes, with dedicated operations to match wallet addresses with identities. So even if you’ve got away with not paying tax on your crypto for now, it’s inevitable that your tax office will catch up with you eventually.

How Koinly can help

Koinly crypto tax calculator makes it easy to do your crypto taxes, whichever exchange, wallet, or blockchain you’re using. We support all of the exchanges mentioned above, as well as hundreds more.

All you need to do is connect your exchange with Koinly using API or by importing a CSV file of your transaction history.

Once you’ve done this, you’ll be able to find all the information you need about your crypto capital gains, losses, income, and expenses under your tax summary. You can also download specific tax reports based on your location, including IRS, ATO, HMRC, and CRA reports (and many more).