Trading crypto without KYC has become a growing search trend in India. KYC (Know Your Customer) guidelines have become an important element in financial systems. While full KYC exchanges dominate the Indian market, several global platforms still allow trading with minimal or no verification.
KYC is the process of verifying the identities of people who use a specific service, and in various countries. Therefore, if you are active in crypto trading, you must be aware that various crypto exchanges do not let you trade without updating KYC; thus they lessen the risk of financial transactions.
Why Choose a no KYC Crypto Exchange?
A no KYC crypto exchange allows you to trade digital assets without providing personal information.
- Privacy: Keep your identity protected from third-party access.
- Convenience: Skip lengthy verification processes and start trading instantly.
- Freedom: Overcome geographic restrictions and trade without barriers.
What are the best no KYC crypto exchanges?
| Exchange | Cryptocurrencies | Custody? | KYC? | Location restrictions |
|---|---|---|---|---|
| MEXC | 1600+ | Custodial | Tiered | No US residents |
| CoinEx | 600+ | Custodial | None | No US residents |
| dYdX | 35+ | Hybrid | None | No US or Canadian residents |
| Bybit | 400+ | Custodial | Tiered | No US residents |
| PrimeXBT | 5+ | Custodial | None | No US residents |
| Bisq | 30+ | Non-custodial | None | None |
| Hodl hodl | 1 | Non-custodial | None | None |
| Uniswap | 900+ | Non-custodial | None | None |
| PancakeSwap | 50+ | Non-custodial | None | None |
| SimpleSwap | 500+ | Non-custodial | None | No US residents |
| Changelly | 200+ | Non-custodial | None | No US residents |
| XT.com | 1,000+ | Custodial | Tiered | No US or Canadian residents |
| Pionex | 330+ | Custodial | Tiered | None – but products may be restricted |
| ProBit | 400+ | Custodial | Tiered | No US residents |
| OpenPeer | 10+ | Non-custodial | None | No US residents |
| Bitcoin Well | 1 | Non-custodial | Tiered | Only Canada & USA |
| BYFDi | 280+ | Custodial | On request | No US or UK residents |
| Robosats | 2 | Non-custodial | None | None |
| Haveno | 1 | Non-custodial | None | None |
| Peach Bitcoin | 1 | Non-custodial | None | None |
Crypto Exchanges Without KYC Verification
Here is the list of Non-KYC Crypto Exchanges you can use to do your crypto transactions. All these exchanges are completely reliable and safe, so you can, without any fear, trade with them:
Binance (no KYC Option)
Binance allows no KYC trading with basic accounts for limited activity. You don’t create an account. You connect a wallet and trade instantly. The platform supports over 280 cryptocurrencies and caters to both beginners and advanced traders.
Bybit
It is one of the most well-known derivates exchange that would become even more popular if they introduced KYC. Basic features remain accessible without identity checks. This platform is best for traders who like venturing into margins trading.
The good thing is that they do not require KYC for registration or trading. Users who want to try derivatives trading without jumping through verification hoops.
Binance
This is another best crypto exchange without KYC; it supports all Altcoins. They have more than 6 million users and are based out of China. For opening an account, all you require is an email address, and the good thing is that you do not require KYC for spot trading as well.
Changelly
Changelly is an instant cryptocurrency exchange with the best exchange rates for BTC, ETH, XRP, ADA and 1000+ other digital assets. This platform was launched in 2013, and to date, it supports more than 150 cryptocurrencies. You would need to complete KYC only if they detect any suspicious activity on or from the user’s account.
KuCoin
Various exchanges operate partial KYC, and this platform is one of them. It allows users to trade without KYC, although unverified accounts. This platform is said to be one of the best alternatives for Binance.
Bisq
Bisq is a fully decentralized no KYC crypto exchange, enabling peer-to-peer trades. It is the world’s only fully decentralized exchange where you need not enter your personal details. In fact, Bisq is proudly anti-KYC. A lot of people prefer Bisq because no KYC requirements.
Evonax
It is another crypto exchange without KYC that was launched in 2016. Evonax is one platform that keeps privacy and security the first priority.
Conclusion
No KYC crypto exchanges are ideal for users who value privacy. No-KYC trading means you can buy, sell, and withdraw cryptocurrencies without submitting documents. All these exchanges do not require KYC verification or AML documents.
