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Best Crypto Exchanges without KYC in 2024

In the world of cryptocurrencies, anonymity is a fundamental part of any buying and selling process. That is why we will recommend you the best No KYC crypto exchanges to buy cryptocurrencies anonymously so that you can decide the best place to keep your money.

Unlike traditional exchanges, which require you to go through an identity verification process, the exchanges we will show you below allow you to carry out operations without revealing any personal data.

It may seem complicated at first glance, but the reality is that it is very simple to understand. Do you want to know more about this topic? If your answer is yes, then say no more, let’s get started!

List of Best No KYC crypto exchanges to buy cryptocurrencies anonymously

What is KYC (Know Your Customer)?

KYC or “Know Your Customer” is a very common process in the commercial or financial sectors that are responsible for verifying the identity of each customer. This in order to avoid any type of criminal activity, whether money laundering, terrorist financing, among others.

Generally, this procedure is based on the presentation of various legal documents through the web. For example passports, driver’s licenses, ID cards, details of the address where you live and even selfies for facial verification.

In this way it is possible to carry out a comparison between the data provided by you and the data that is available in the different governmental areas. The main objective is to collect the most accurate information about your customers and in turn, monitor any suspicious or fraudulent movement.

This procedure has become a legal requirement as it seeks to promote transparency and integrity of customers in each transaction performed. It also ensures the protection of financial institutions from the use of their platforms for illegal purposes.

Benefits of using crypto exchanges without KYC

To help you get a better idea of what KYC-free cryptocurrency exchanges can offer you, here is a short list of some of their most outstanding advantages:

  • Private system: If you want to keep your identity completely anonymous, these exchanges do not disclose personal information. Perfect for those who prefer to keep a low profile in their transactions.
  • Faster and simpler process: By not requiring identity verification, crypto exchanges without KYC have a simpler registration experience. No legal documentation needs to be provided.
  • Universal access: This process does not require your geographic location or identification requirements, as many countries have KYC-free exchanges.
  • Complete control over your transactions: Since you do not have to depend on any financial institution that requires your identification data, you can manage in a faster and simpler way each of your movements.

Disadvantages of using crypto exchanges without KYC

Not everything is rosy when using this type of exchange, since it can also present certain limitations and possible risks. Since no verification is required, transactions and exchanges can fall into the hands of fraudsters.

On the other hand, there are occasions in which users will have to pay other transaction costs when performing a transaction. Also, revenues and outflows may be significantly limited.

For cryptocurrency exchanges that do not require KYC verification, you may run the risk of having liability when a user of your platform engages in fraudulent activity.

What are the best crypto exchanges without KYC?

Now, you know the concept, advantages and disadvantages of using exchanges of this type. But, which are the best ones? We took the task of analyzing and testing some of the cryptocurrency exchanges without KYC to check how they work.

Next, we have compiled the best options to show them quickly and accurately. This is so that you can choose the platform that best suits your needs.

Without further ado, let’s get started!

KuCoin

We start this list with KuCoin, one of the best options among crypto exchanges without KYC, which has more than 370 cryptocurrencies, being one of the platforms with the greatest variety in the market.

This Exchange allows you to make use of its multiple services without KYC, however, it has some limitations when withdrawing cryptocurrencies. Below we show you these restrictions:

  • Verified individual account: Withdrawal of 100 BTC every 24 hours.
  • Verified Institution: 500 BTC every 24 hours.
  • Unverified accounts (no kyc required): 2 BTC per 24 hours.
KuCoin Crypto Exchange without KYC procedure

More info at: https://www.kucoin.com

Binance

We cannot make a list of cryptocurrency exchanges without KYC without mentioning Binance, one of the platforms par excellence in this world of virtual currencies like Bitcoin, Ethereum, Ripple, Cardano, Binance Coin, Solana, Litecoin,… This platform allows you to make daily transactions and withdraw an amount of up to 2 BTC per day by simply entering your email address and without KYC.

Please note that this platform is blocked in several countries. So, if you are a resident of this or any other country without access to Binance, we recommend you continue reading this article.

Binance as Crypto Exchange without KYC

More info at: https://www.binance.com

CoinEx

It is one of the most popular cryptocurrency platforms around the world, since it has great benefits that make it stand out from other renowned platforms.

This Exchange is available in more than 100 countries and has a great liquidity for the 264 cryptocurrencies found in this site. Like other cryptocurrency exchanges without KYC, in CoinEx you can trade without KYC as long as it does not exceed its limit of 2 BTC.

CoinEx No KYC Crypto Exchange

More info at: https://www.coinex.com

BitFinex

BitFinex has been gaining more and more users’ affection thanks to its convenient interface. This platform allows you to withdraw and make KYC-free transactions of up to 10 BTC every 24 hours.

It has a wide variety of cryptocurrencies available, making it the home par excellence for users. Its only disadvantage is that it is not available anywhere in the United States.

BitFinex No KYC Crypto Exchange to buy cryptocurrencies anonymously

More info at: https://www.bitfinex.com

FAQs about crypto exchanges without KYC

Does it make sense to run a crypto exchange without KYC?

It is legal to trade crypto without KYC. It is important to keep in mind that even if your platform doesn’t ask for your identification, your tax authorities may still require you to declare your cryptocurrency earnings.

Is it necessary to pay tax on my profits from these crypto exchanges?

Yes, in general any profit made from the exchange or sale of cryptocurrency must be declared and taxable. You are responsible for keeping a record of all your transactions, and making sure that you declare them correctly.

What are the risks of not verifying your identity on a kyc-free cryptocurrency exchange?

Trading without KYC can offer greater privacy but also carries risks, such as lower transactional limits, the possibility that the platform will limit or freeze your account without warning, or falling victim to fraud on platforms less known.

How can I ensure that my trading is secure and anonymous?

To keep your cryptocurrency safe, use tools like Trezor or Ledger. It is also advisable to always use VPN connections, and avoid sharing financial or personal details on untrusted websites.

Great! We have reached the end of our article on Cryptocurrency Exchanges without KYC, which means you are now an expert on this topic. Which platform did you like the most? Tell us about it in the comment box!

FTMO vs Topstep vs Blufx vs Fidelcrest vs The5ers vs City Traders Imperium

A quick comparison table between the best prop trading companies (such as FTMO and its main competitors) to help you choose on your journey to becoming a funded trader:

Proprietary Trading Firm Fees Profit Share Profit Target Max. Drawdown Available Instruments Allow Trade News Weekend Position Visit Prop Firm
10k balance for €155
25k balance for €250
50k balance for €345
100k balance for €540
200k balance for €1080

Scaling plan up to $2 million.
In non scaled accounts: 80% for the trader.

In scaled accounts: 90% for the trader.
10% for Step 1 and 5% for Step 2 in Normal Mode.

20% for Step 1 and 10% for Step 2 in Aggressive Mode.
Normal Mode:
5% Maximum daily loss.
10% Maximum loss.

Aggressive Mode:
10% Maximum daily loss.
20% Maximum loss.
Forex, Indices, Commodities, Cryptocurrencies and Stocks.
Yes in FTMO Challenge and Verification. After passing the Evaluation Process there are restrictions (except for Swing accounts).
Yes in FTMO Challenge and Verification. After passing the Evaluation Process there are restrictions (except for Swing accounts).
50k balance for $165 $49/month
100k balance for $325 $99/month
150k balance for $375 $149/month
100% of the first $10,000 you generate and 90% from that amount.
6%
4% to 3% Max loss limit(the percentage varies depending on the account you choose).
Futures Markets: CME Exchange (22 instruments) NYMEX Exchange (7) COMEX Exchange (6) CBOT Exchange (14)
Not recommended
No

10k balance for $129
25k balance for $199
50k balance for $299
100k balance for $499
200k balance for $939
300k balance for $1,409
400k balance for $1,879

Standard Challenge
(other programs available)
80%
(90% with scaling plan)
10% for Step 1.
5% for Step 2.
None in funded account.
5% (Daily loss limit).
10% (Max loss).
Forex, Indices, Commodities and Crypto.
Regular Mode: Yes in Step 1 and Step 2. No in Funded Account.
Swing Mode:
Yes in Step 1 and Step 2. Yes in Funded Account.
Regular Mode:
No
Swing Mode:
Yes
6k balance for $59
15k balance for $119
25k balance for $199
50k balance for $299
100k balance for $519
200k balance for $999

Scaling plan up to $4,000,000

Prices for Stellar Challenge 2 Steps
80% by default and 90% with scaling plan.

15% Profit share from challenge phase.
8% (Phase I).
5% ( Phase II).
5% Max Daily Loss (Balance Based).
10% Max Overall Loss.
Forex, Indices, and Metals.
Yes
Yes

10k balance for $99
20k balance for $179
50k balance for $399
100k balance for $999

Scaling plan up to $5,000,000
50% to 80% depending on the account chosen and the level of scaling plan.
8% or 10% depending on the account chosen.
5% (Daily drawdown).
10% (Max trailing drawdown).
Forex, Futures, CFDs, Indices, Commodities, Stocks and Crypto.
No News trading 2 minutes before and after events
Yes

25k balance for $250
50k balance for $400
100k balance for $700
250k balance for $1.8k
500k balance for $3.5k
1m balance for $6.5k

No scaling plan.
75%
(or 90% with add-on purchase)
10%
5% (Daily loss limit).
8% (Max trailing drawdown).
Forex, Stocks and Crypto.
Yes (except single share equity CFD)
Yes
15k balance for €99M
30k balance for €199M
60k balance for €299 M
250k balance for €999 P
500k balance for €1,899 P
1m balance for €2,999 P

M=Micro Trader
P= Pro Trader

Prices for Normal Mode
(Aggressive Mode Available)
80%
(90% in Aggressive Mode).
Micro Trader: 10% for Phase 1 and 5% for Phase 2.

Pro Trader: 10% for Phase 1 and 2.
5% Maximum daily loss.
10% Maximum loss.
Forex, Indices, Metals, Commodities and Stocks.
Yes
Yes
$6,000 balance for €235
$10,000 balance for €385
$20,000 balance for €745

Scaling plan up to $4,000,000
50%
6%-7% (Low Risk Mode).
12% (Aggressive Mode).
6% of the balance at LV1 and LV2 of the scaling plan. 4% at higher levels.
Forex, Metals and Indices.
Yes (except indices)
Yes
$10,000 balance for £119
$20,000 balance for £209
$40,000 balance for £389
$50,000 balance for £459
$70,000 balance for £659

Scaling plan up to $2,000,000
50% to 100%
10% (9% in the Evaluation phase)
5% Absolute Drawdown from the initial balance.
No daily drawdown.
Forex, Crypto, Commodities and Major Index Stocks
Yes
Yes

In the table above you can find the main features of FTMO, the world’s leading prop trading firm and probably the best known company in this sector that has financed traders from more than 180 different countries. FTMO started its activity in 2014 so it is one of the most experienced and reliable prop firms. Its headquarters are located in the historical centre of Prague in the Czech Republic. It offers an evaluation process divided into two phases, the first known as FTMO Challenge and then the Verification phase, before becoming a trader funded by FTMO and being able to get up to 90% of the profits you generate and with an scaling program that will allow you to manage a funded trading account of up to 2 million dollars.

If you want to know more about this firm here is our review of FTMO.

In addition to FTMO you will also find in the table the most important features of some of the other best proprietary trading firms on the market today that represent some of the main alternatives to FTMO. This way you can easily compare FTMO with its competitors such as:

At the same time you can also compare these other prop firms with each other and find the one that best suits your preferences. We hope you find the comparison table useful.