Reviewed and Compared – The 7 Best No-KYC Crypto Exchange Platforms in 2025

In this review, we’ll explore the top crypto exchanges that don’t require the often tedious and time-consuming, not to mention potentially risky, know-your-customer (KYC) verifications.

Why? Because a no-KYC crypto exchange lets you handle, trade, and sell digital assets easily without sacrificing your personal data and maintaining your anonymity. Plus, you can start trading right away.

Among our list of the best no-KYC crypto exchanges, you’ll find popular exchanges like Margex, MEXC, and BloFin. Let’s unpack all they have to offer.

At a Glance – Our Top 7 Crypto Exchanges

Here are some key reasons why these seven no-KYC crypto exchanges are ranked in our top list.

What Is a No-KYC Crypto Exchange?

Non-KYC crypto exchanges like Margex and MEXC let you manage, buy, sell, and trade cryptocurrencies without KYC verification. They let you skip the invasive and long-winded process other platforms often require before letting you get started.

Sometimes, KYC can take up to 24-48 hours to verify, meaning your investment opportunity could have come and gone by the time you get the go-ahead.

Why Use a Non-KYC Crypto Exchange?

No-KYC crypto exchanges are often favored because they don’t require you to give up your personal data. But, like many good things, these crypto exchanges have a few drawbacks worth bearing in mind. Here are a few pros and cons.

Pros

• Enhanced privacy: You can buy, sell, and trade cryptocurrencies without sharing your personal information. This is likely appealing if you care about protecting your digital footprint and not falling victim to data breaches.
• Fast transactions: By skipping the KYC procedure, you can set up a crypto exchange account faster and start trading straight away.
• Sidesteps censorship: In some instances, non-KYC crypto exchanges allow you to bypass jurisdiction restrictions in non-friendly crypto countries, like South Korea and China. Therefore, they let you trade in crypto from anywhere in the world.

Cons

• Security risks: Because exchanges without KYC have fewer security protocols, they can be more vulnerable to malicious online attacks, boosting the likelihood of theft, fraud, and security breaches.
• Limited recovery options: Because your data isn’t saved, if you lose account access, the crypto exchange might not be able to recover your login details.
• Regulatory risks: It can be risky when dealing with crypto exchanges that operate outside legal frameworks. In the worst-case scenario, this could lead to you having no legal recourse if you lose your funds.

While it’s clear that KYC exchanges offer many perks – especially if you’re privacy conscious – it’s vital to ensure the exchange has robust security measures to prevent any risk to your digital assets.

Best No-KYC Crypto Exchange Platforms

Now that we’ve covered the basics of KYC verification, let’s explore what makes our top no-KYC crypto exchanges stand out.

1. Margex – No KYC and 100x Leverage When Going Long or Short

Margex is a user-friendly crypto exchange suitable for both new and old margin traders (hence its name). You can buy and sell cryptocurrencies from anywhere in the world and withdraw your funds, all without KYC verification.

Although it’s not an option for those who want to spot trade, it has many other attractive features on both desktop and mobile.

We’re fans of its copy-trading tool. This makes it an excellent choice for beginners who want to mirror crypto professionals to enhance their strategies and discover opportunities for significant gains.

Its funding rates are approximately –0.12% for both long- and short-term positions. But it’s vital to know that they might change depending on your order size and current market dynamics.

Meanwhile, taker fees remain at 0.06%, while maker fees are lower at 0.019%.

Takers trade at the current price set by the market, whereas makers create buy and sell orders. Margex likely offers lower maker fees to encourage traders to place orders on the order book for greater liquidity.

Another important aspect that makes the exchange stand out is that you can earn passive income by staking specific cryptocurrencies with up to 7% APY.

It also has some appealing bonuses. $50 for simply signing up to Margex, and an extra $40 when depositing your first $100 or more.

You can also halve your trade fees by participating in the exchange’s generous marketing campaigns.

Visit the official Margex website today.

2. MEXC – No-KYC CEX with ETFs, an NFT Index, & Perpetual Futures

MEXC is a no-KYC crypto exchange that offers ultra-low fees across spot and future markets (just 0.05% for spot makers and takers).

On the platform, you can buy, sell, and trade both leading and evolving cryptocurrencies with top potential. In addition, it offers leveraged exchange-traded funds (ETFs), an NFT index, and perpetual futures without completing KYC verification.

If you’re a new user, you’re in for a treat. As a welcome reward, you can win a 20 $USDT voucher and an extra 5 $USDT when downloading the MEXC app and logging into it for the first time.

On top of this, you’ll have the chance to win two $10 $USDT bonuses if you maintain a 500 $USDT net deposit for three consecutive days and reach a futures trading volume of over $5K $USDT.

You can also earn passive income by staking certain cryptocurrencies. This includes $SHIRO and $USDT, which have significant APYs of 300% and 100%, respectively (at the time of writing).

Another huge advantage is that it doesn’t charge you for more deposits.

Notably, MEXC doesn’t require KYC verification to sign up.  However, you won’t be able to withdraw 200 $BTC or more if you don’t complete ‘Advanced KYC’ (which includes giving up your personal information and facial recognition).

Visit the official MEXC website today. 

3. BloFin – KYC-Free Platform with Cold Wallet Security & Real-Time Crypto Monitoring

BloFin is a super safe and compliant KYC-free crypto exchange, having partnered with Fireblocks for its cold wallet security and Chainalysis for real-time digital asset monitoring.

Holding digital assets in a cold wallet is beneficial because it stores them offline, which protects them from online threats.

Although BloFin doesn’t require KYC to set up an account and start trading, it does, however, insist that you complete its KYC level 1 (hand over your personal info) to withdraw more than $1M $USDT in one day.

You can also win a generous 50% commission just by participating in the exchange’s affiliate program. All you need to do to qualify is refer to BloFin when publishing articles, videos, blog posts, and ads.

You can also stake some of the world’s largest cryptocurrencies, $USDT, $ETH, and $BTC, for passive income. At the time of writing, $USDT has the most significant APY at 2.8%, although this is subject to change.

Its trading bots and copy trading tools are also helpful, especially if you’re a crypto novice. By copying advanced crypto professionals, you can learn new tactics to boost your crypto confidence and possibly also your gains.

Also worth mentioning is BloFin’s academy and news sections that shine a light on key terminology and pressing industry issues to help boost your blockchain knowledge. These features can help you become a crypto pro in no time.

Visit the official BloFin website today.

4. Bybit – No-KYC Crypto Exchange with Welcome Rewards Worth Over $30K

Easy perpetual, futures, options, margin, and spot trading make Bybit another no-KYC exchange worth checking out. It offers various options for crypto traders with different risk tolerances and investment incentives, many without KYC verification.

You can amplify potential returns through margin trading or take a more conservative approach with spot trading, which enables you to purchase or sell assets directly.

What really sets Bybit apart, however, is that it has its own crypto card. With this card, you can spend your digital assets while on the move from anywhere. The card currently supports $BTC, $ETH, $XRP, $TON, $USDT, $USDC, $MNT, and $BNB.

Another boon of the crypto card is that you can earn up to 10% cashback on everyday expenses up to $300.

Bybit’s bonuses are also not to be ignored. You can unlock over $30,050 in welcome rewards. Plus, an extra $50 when you sign up to the platform, deposit $500, and trade over $5K.

Moreover, you’ll get a $100 reward when depositing $3K and trading $10K and another $800 when depositing $50K and trading $1.5M.

As usual, VIP users gain the most. VIP 1 users can win a whopping $8.8K in bonuses by depositing $125K and trading $50M, whereas VIP 2 members are awarded $30K for depositing $250K and trading $150M.

To become a VIP 1 user, you must rack up a 30-day spot trading volume of over $10M. You can graduate to a VIP 2 user when the volume exceeds $25M.

Visit the official Bybit website today.

5. BingX – Peer-to-Peer Trading for Bargain Buys Without KYC

BingX offers KYC-free access to the world’s largest cryptos, including $BTC, $ETH, and $SHIB, alongside hundreds of other altcoins. This allows you to diversify your portfolio and explore new opportunities, all from a single exchange.

We found it’s a good choice for both new and experienced traders, particularly because it lets you buy crypto quickly and easily using Visa and Mastercard.

We also appreciate that it offers peer-to-peer (P2P) trading. Setting your own prices can lead to bargain buys and greater returns.

Besides being able to withdraw fiat, all its features are available without KYC verification. However, you have to disclose your personal details to withdraw more than $20K USDT, make unlimited deposits and withdrawals, and use its launchpad.

When creating a BingX account, you can claim an eye-watering 6K+ $USDT in welcome gifts. You also get an extra 500 $USDT when you make your first deposit and another 500 $USDT when you trade.

Although KYC isn’t required to use the exchange, you’re incentivized to do so with an additional 500 $USDT when completing advanced identity verification for the first time.

What’s more, your funds are 100% backed by reserve funds, which protects them against liquidity issues or fraudulent activity.

For maximum security, you can use two-factor authentication (2FA) when signing in, including an authentication app or fingerprint scan.

Visit the official BingX website today.

6. PrimeXBT – 24/7 Live Customer Support and No KYC Requirement

PrimeXBT is yet another excellent no-KYC crypto exchange. When testing it hands-on, it was no surprise that millions of users in over 150 countries use it for future trading – without having to hand over their data. However, you must complete KYC verification to buy its variety of cryptocurrencies (40+) using your Visa or Mastercard and deposit fiat.

If any issues arise, rest assured that it offers support around the clock from real people – not just robots. Humans can better understand specific situations compared to machine learning, which is only designed to respond to common questions.

Another perk is that the exchange offers live currency exchange rates, which ensures that all crypto prices correctly reflect current market dynamics.

Its economic calendar is also helpful in staying abreast of market movements and planning your trading strategies.

Rewarding higher activity incentivizes users to execute large and frequent trades, which helps keep the exchange’s liquidity afloat.

Further boosting PrimeXBT’s value is that it offers market research. This includes detailed market analysis, educational articles, industry news, and a trading glossary to help you better understand standard crypto terms.

It also offers a no-deposit bonus, so you can get trading straight away and explore the exchange’s features without spending a dime.

Another perk is that you can earn a welcome bonus worth up to $500 and join its loyalty program for up to $10K. All you need to do is participate in special promos, raffles, and a referral program.

Visit the official PrimeXBT website today.

7. KCEX – No-KYC CEX with Zero Fees for Spot Trading

KCEX is a top-notch, centralized exchange that caters to millions of users across dozens of countries worldwide. It leverages AI for multilingual user-friendliness and supplies futures, spot, and derivatives trading, all without needing KYC verification.

To attract its hefty user base, KCEX has been running a zero-fee spot trading campaign with low futures trading fees (0% maker and 0.04% taker) since April 2024. This way, you can execute crypto trades without the often high fees eating away at your profits.

The exchange’s futures trading competition, with a 20K $USDT prize pool, also boosts its appeal. Users with futures trading volumes exceeding 10K $USDT will be ranked according to daily profits, and the top 300 participants will share the capital.

New users can also win 100 $SUDT by creating an account and another 100 $USDT when completing account verification.

All can be achieved without KYC verification, but completing the process unlocks greater withdrawal limits. The daily withdrawal limit for basic KYC verification is 30 $BTC.

Visit the official KCEX website today.

Tips on Choosing the Best Cryptocurrency Exchange Platform

When selecting a crypto exchange without KYC, many aspects need to be considered. Here are some tips on what to think about:

• Risk management: Ensure adequate security measures – like insurance policies and stop-loss orders – are in place to protect you from online threats.
• Liquidity: Check out the exchange’s liquidity to ensure your trades are fast and efficient and you don’t face price slippage.
• Features: Make sure the exchange’s features (such as staking, trading tools, or crypto-fiat conversions) meet your trading needs.
• Security & regulatory compliance: Select a crypto exchange with robust security protocols that adhere to regulatory standards to minimize the risk of legal issues and fraud.
• Supported crypto: Check out which cryptos are featured to ensure you can buy the ones you want.
• Payment methods: Make sure it supports your preferred payment method so you can deposit and withdraw funds without any hassle.

The Best Trading Platforms for Crypto Compared

Here is a quick summary of our best non-KYC crypto exchanges, covering the number of supported cryptos, trading fees, staking leverage, and rewards.

Conclusion – The Best No-KYC Crypto Exchanges

Now you know where and how to buy crypto without KYC, you can expand your crypto portfolio without compromising your personal security.

In reviewing the best no-KYC exchanges, we found that each offers worthy perks. The best choice for you depends on your priorities. If you are planning to do long term investment without KYC, your best choice might be different than if you aim to use your crypto on a online casino without KYC from USA, analyzing every product and your necessities is the key to success.

If you’re interested in saving on fees, KCEX is currently running a zero-fee campaign for spot trading and futures maker fees. On the other hand, if you’re interested in earning passive income, Bybit lets you snag up to a hefty $30,050 in rewards. Meanwhile, if staking is your game, MEXC lets you stake $USDT with a generous 100% APY.

Regardless of which one you try out, make sure to do your homework before joining and never funnel more money into it than you’d be sad to lose. The crypto sector can be extremely volatile.

FAQs

1. Can I withdraw crypto with no KYC?

Yes, you can withdraw crypto with no KYC on several exchanges, including Margex. Other centralized exchanges only let you withdraw a limited amount without the KYC verification process. For example, to withdraw 200 $BTC on MEXC (in one day), you’ll need to complete ‘Advanced KYC,’ which insists you hand over your personal details and facial recognition.

2. Are non-KYC crypto exchanges safe?

Yes, the best non-KYC crypto exchanges are generally considered safe. They don’t require you to share your personal information, which helps protect against online threats like breaches and data theft.

However, without verifying your identity, it can be tricky for exchanges to recover stolen assets if fraudulent activity occurs because they do not have the essential information to do so.

3. Why would you use a no-KYC exchange?

Using a no-KYC crypto exchange protects your personal data and lets you trade crypto from anywhere, even in crypto-unfriendly jurisdictions. The KYC verification process requires you to hand over your name, address, and often a form of government ID (such as your passport or driving license).

4. Are there any risks of using a non-KYC crypto exchange?

Yes. The risks include recovery difficulties if your assets are compromised, not getting personalized support because the exchange doesn’t have your information, and regulatory changes causing the exchange to shut down, meaning you lose your funds.

5. Which no-KYC crypto exchange has the lowest fees?

Out of our top list, KCEX has the lowest fees – 0% maker and taker fees for spot trading and 0% maker and 0.4% taker for futures trading. By contrast, BloFin has the highest fees, with a 0.1% maker and taker fee for spot trading and 0.02% maker and 0.06% taker fees for futures.