15 Best No-KYC Crypto Exchanges of 2023 | ZenLedger (2023) (2023)

FAQs

15 Best No-KYC Crypto Exchanges of 2023 | ZenLedger (2023)? ›

From Users' Perspective

With no-KYC, users can purchase small amounts of cryptocurrencies without the extra step of verifying the identity. Customers just need to register, fill in the card info, specify the amount, and as long as it's less than €700, they'll be able to buy crypto without KYC.

From Users' Perspective

With no-KYC, users can purchase small amounts of cryptocurrencies without the extra step of verifying the identity. Customers just need to register, fill in the card info, specify the amount, and as long as it's less than €700, they'll be able to buy crypto without KYC.

Like other decentralized exchanges, dYdX does not require KYC.

You will need to pass KYC and add your bank account details for completing P2P trades.

Changelly is one of the best instant exchange platforms that does not require KYC for exchanges. Transactions on Changelly are fast, easy, and secure. You can set up your order in 3 simple steps and get your new crypto in your wallet within 30 minutes or less.

Answer: In addition to ShapeShift, BitQuick, and LocalBitcoins.com, Paxful, and DameCoins, you can check Coingate, Lobstr, Paybis, and Coinmama which allow you to buy Bitcoin anonymously. In fact, peer-to-peer platforms do not need you to use a credit card.

Moreover, KYC verification is highly recommended on KuCoin because such KYC information can help you recover your KuCoin account quickly in the event of you forgetting your credentials for accessing the platform or your account being taken over by others due to the leakage of personal information.

Kraken takes every measure to prevent fraud and be fully compliant with KYC and AML regulations for trading of cryptocurrencies. We offer different levels* of verification for your account - Starter, Express, Intermediate and Pro.

By using prepaid debit cards and a broker that does not require identification, it is possible to buy Bitcoin anonymously. For example, P2P services like SimpleSwap accept prepaid cards from Bitcoin buyers without them needing to register first.

Which decentralized wallet has no KYC? ›

dYdX. dYdX is a decentralized exchange that operates on the Ethereum blockchain and allows users to trade various ERC-20 tokens and ETH using smart contracts. It is a non-KYC exchange, meaning users can maintain their privacy without providing any personal information.

A user who has not provided KYC information is subject to a 50,000 USDT withdrawal limit every 24 hours, and a cumulative withdrawal limit of 100,000 USDT.

KYC is an essential method in the fight against money laundering in the crypto industry. Binance, a major cryptocurrency exchange, has implemented KYC and anti-money laundering measures to safeguard its investors against financial crimes.

Hotbit doesn't require KYC for the majority of users, only users identified as high risk, like if they need to reset their 2FA settings.

CoinSwitch is one of the top cryptocurrency exchanges that require no KYC verification since it allows you to trade crypto at the best rates. They allow you to trade 400+ cryptos, cryptocurrencies, and tokens without having to create an account on any exchange. Additionally, there is no withdrawal limit on CoinSwitch.

Yes, MEXC is available for USA users and lists a vast number of cryptocurrencies. MEXC also offers a range of trading products along with earn and derivative options too.

Best for Beginners Coinbase

Because of its large number of supported assets (300+) and easy-to-use platform, Coinbase has become the go-to exchange for many first-time crypto buyers.

When you set up an account with a crypto exchange, you'll typically be asked to go through the know-your-customer (KYC) process.

Does RockItCoin require ID? ›

Rather than require every customer to provide a form of government-issued ID, all we ask for is a phone number. New users will receive an SMS code on their phones which they will be prompted to enter into the RockItCoin ATM. to verify their identity.

When you buy or sell bitcoin at an ATM, it will not be necessary to produce your SSN. Depending on the amount of the transaction, you may need to provide only your phone number, or you might need to supply your phone number and a photo ID.

Yes. Earning cryptocurrency from mining, staking, or other related transactions is a form of income that needs to be reported on your taxes.

It's also one of the quickest growing exchanges in 2022. Of course, you'll need a VPN to use safely while traveling in the US, so you can change your location and avoid any temporary restrictions. Is KuCoin legal in the US? Yes, but they lack a proper license.

The maximum leverage available on KuCoin Futures is 100x, while the default leverage is 20x. Users can enter the leverage they want or drag the slider to set the leverage. Users need to pass KYC first.

People bypass KYC requirements for multiple reasons:

Illicit organizations looking to access crypto exchanges to launder money; Other users may want to evade tax; Underage users looking to trade cryptocurrencies. For these reasons and more, some users may resort to dubious methods to avoid KYC checks.

While both Coinbase and Kraken are highly trusted cryptocurrency exchange platforms, Coinbase's benefits are more specific to U.S. traders, while Kraken is the best for international traders overall. It has some of the lowest fees in the industry and offers robust security for users.

In order to buy and sell cryptocurrencies, you'll need to verify your account with Kraken.

U.S. customers can only pay by card

If you're in the United States and want to buy crypto on Switchere, the only accepted payment method is a credit or debit card. These card payments carry hefty processing fees.

Are Bitcoin ATMs traceable? ›

Yes. Bitcoin is traceable. While bitcoin can be minted, moved around, and stored without the oversight of any central authority like the government, each bitcoin transaction is recorded on a permanent publicly available ledger known as the blockchain.

ZenGo is unlike any other crypto wallet:

ZenGo is the self-custodial wallet of the future: Never hacked and always recoverable thanks to 3 industry-pioneering technologies. This is how: No seed phrase vulnerability, powered by MPC. Guaranteed wallet recovery model.

We chose Trezor as best for security because it comes with the strongest security features and track record of any reviewed hardware wallet. Trezor, like Ledger, is a name synonymous with crypto cold wallet storage.

Does SimpleFX have KYC? Since deposits are mostly made through cryptocurrencies (whose transactions are anonymous) the SimpleFX platform does not request KYC processes. Confirming your email will be enough to become an official member.

BingX is the registered trademark of Bing Group, whose global subsidiaries and/or related entities have obtained the following regulatory approval (where necessary):

Know-your-customer (KYC) verification is required by all regulators. It is also one of the strongest ways for platforms to protect users against hackers, market manipulators, and money launderers.

At Bittrex Global, we try to make our services available to as many people as possible in as many countries as possible. All of our users must go through our Identity Verification (KYC) process in order to trade on the platform.

P2P, or peer-to-peer trading, is one of the most reliable ways to purchase crypto without KYC. After all, these platforms simply connect buyers and sellers without interfering in their transactions.

We require customers to fully verify their identity to ensure the safety and security of their transactions prior to using our platform. All users must comply with our User Agreement policy.

Does Uniswap need KYC? ›

No KYC (know your customer) process

Since it doesn't require creating an account, Uniswap doesn't have a KYC process.

KuCoin allows users to trade cryptocurrencies without completing the full verification process. However, there are certain limitations and restrictions for unverified accounts. Unverified accounts on KuCoin can trade up to 5 BTC per day, which is equivalent to around $250,000 USD at current market prices.

The KYC is based mainly on a simple ID check- The majority of KYC verification processes today do not include real background investigations, meaning fraudsters can easily avoid detection by using fake IDs, hiding behind secondary team members, or hiring actors to pass the ID check for them.

With this partnership, users who use Moonpay to buy crypto on the Uniswap web app are required to go through the KYC process. The process and documents required for KYC may vary based on the user's country of residence.

3. What KYC information does Banxa require? We require the following information for each customer: First Name, Middle Name (if any), Last Name, Date of Birth, Address and Country of Residence.

7. Which crypto exchange does not report to IRS? Several cryptocurrency exchanges, such as KuCoin, OKX (except for P2P trades), and CoinEx, do not collect Know Your Customer (KYC) information or provide 1099 forms for most small traders.

Not available to users in the United States: OKX is not available to U.S.-based users for regulatory and compliance reasons. Low liquidity for certain currencies: While it's a top-20 exchange, certain currencies trade with a low liquidity level.

Currently, Don't KYC is not supported across Coinbase's ecosystem regardless of payment system, including PayPal.

Coinbase uses identity verification in order to comply with Know Your Customer (KYC) laws. KYC is a way to identify and confirm that a customer is who they say they are. It's a multi-step process that helps prevent the creation and use of fraudulent accounts. How to verify your ID on Coinbase.

Do all crypto exchanges require SSN? ›

When you buy or sell bitcoin at an ATM, it will not be necessary to produce your SSN. Depending on the amount of the transaction, you may need to provide only your phone number, or you might need to supply your phone number and a photo ID.

Laws and regulations require that we verify your account by asking who you are and where you live. Kraken takes every measure to prevent fraud and be fully compliant with KYC and AML regulations for trading of cryptocurrencies.

When you set up an account with a crypto exchange, you'll typically be asked to go through the know-your-customer (KYC) process. This is a standard identity verification that major exchanges require for anyone who wants to trade crypto.

What information does Coinbase send to the IRS? Coinbase sends two copies of each cryptocurrency tax form: one to the taxpayer and one to the IRS. Thus, if you have received a Coinbase 1099, so has the IRS—and they'll expect you to file taxes on your cryptocurrency income.

KYC is an essential method in the fight against money laundering in the crypto industry. Binance, a major cryptocurrency exchange, has implemented KYC and anti-money laundering measures to safeguard its investors against financial crimes.

To access the platform's full suite of trading features, users also need to complete its Know Your Client (KYC) verification process, which involves uploading a government-issued photo ID. This process is designed to reduce instances of fraud on Gemini.

Know Your Customer (KYC)

If this is your first time using Simplex, you may be required to complete a KYC process to confirm your identity. You will be asked to provide personal information and submit a valid form of ID.

A: Unfortunately, as a regulated financial institution, we are required by law to verify the identity of our customers and collect their TIN/SSN as part of that process. Without a TIN/SSN, you will not be able to open an account.

How can I buy and sell bitcoins without an SSN? You don't necessarily have to provide your SSN to purchase cryptocurrency. There are exchanges like binance, KuCoin etc…. That make it easier to purchase crypto coins by making use of your credit card and other various payment options.