Looking for No KYC exchanges?
Are you interested in buying/ trading altcoins without getting into the hassle of answering questions?Tired of going through the KYC process over and over again on crypto exchanges?Are you looking for options to evade the haggling KYC & AML processes?
If you are, you have come to the right place.
I am going to tell you about a few altcoin exchanges that allow you to trade without going through the KYC and AML check. Not only this, there are no withdrawal or deposit limits to stop you from buying/selling bags of altcoins.
Needless to say, this will be the norm once the decentralized exchanges increase their market share, which I think is going to take a while.
Tip: It’s better to create a new email account using something like Protonmail, which does not track your activities and use a browser like Brave or use any no logs VPN to accessing these no KYC exchanges more privately.
Until then, we can use these services, some of which are centralized and some of which are decentralized, to avoid KYC and AML to protect your privacy.
5 Best Altcoin Exchanges Without KYC & AML
MyCoinChange is one of the best cryptocurrency exchange, and mixers on the market that supports all popular Altcoins and let you use the platform anonymously. They have a strict no KYC and no logs policy, perfect for every user, anywhere. It’s a centralized exchange which does not push you to complete the KYC or AML in order to use its services.
There is no ID verification registration that you need to do for using their services. For enhanced security, you can even use this service with a VPN.
Use MyCoinChange with no KYC
Binance is one of the next best cryptocurrency exchanges that supports all popular Altcoins and lets you use the platform anonymously. You don’t need to do KYC for basic usage.
For those looking for more than spot trading, you also get access to Margin and future trading on the same platform.
This exchange is registered in Malta and outside the jurisdiction of the USA, China, or other countries that could ask for users’ data.
Use Binance with no KYC
Bybit is a popular no KYC derivative exchange that supports USDT perpetual and Inverse perpetual contracts. You can trade BTC, ETH, XRP, EOS, and USDT coin. Check out my review of Bybit to learn more about how this no KYC exchange works.
4. Bisq (aka BitSquare)
BitSquare is a peer-to-peer marketplace for cryptocurrencies like BTC, ETH, etc. It is a fully decentralized exchange which requires no name, email ID, or verification, so there is no question of KYC or AML.
Also, your privacy is secured because it uses Tor and doesn’t hold fiat or bitcoins on their servers or in their account. Currently, it supports 126 cryptocurrencies (including BTC) and is available on Windows, Mac, and Linux platforms. The trade volumes, however, are low.
The volume at the time of writing on this exchange is 4 BTC with 11 cryptocurrencies/crypto assets pairs listed on it.
Sign up at BitSquare
Bitmex is another centralized Altcoin exchange that doesn’t require you to undergo AML and KYC for deposits and withdrawals.
Despite it being a predominantly BTC exchange, you will also find some altcoins like DASH, Cardano, Bitcoin Cash, Ethereum, Ethereum Classic, etc.
When you use the Bitmex exchange, you need not worry about liquidity because it has a humongous volume of over 126,000 BTC with a ranking in the top 10 on CMC.
Conclusion: No Kyc Exchanges
I think not requiring AML and KYC will become more mainstream this year because a lot of decentralized exchanges are in the pipeline, which may put the centralized exchanges under pressure to get rid of the KYC requirements.
Also, having AML and KYC goes against the basic tenant of decentralized currencies, which is why we are witnessing the unprecedented development of decentralized infrastructure, which is putting privacy at the forefront.
Well, that is all from my side.
Now it is time to hear from you: If you know more altcoin and cryptocurrency services that don’t require AML & KYC, share them with us in the comment section below.
Non-KYC & AML Bitcoin and Altcoin Exchanges: Top 5 for 2023 was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.
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