12 Best No KYC Crypto Exchanges in December 2025

Head of Content

Alan Draper

Head of Content

Alan Draper

Part of the Team Since

Jun 2023

About Author

Alan is the Chief Editor of guides and reviews on Cryptonews.com. He’s responsible for ensuring all the content on the site is accurate, up-to-date, and reliable.

Has Also Written

• Best Crypto Presales to Watch in December 2025
• How to Buy Ionix Chain (IONX): Easy Guide
• How to Buy Snorter Bot Token (SNORT) After Presale: Exchange Guide
• How to Buy THORChain (RUNE) in 2025 - A Step-by-Step Guide for Beginners
• How to Buy PEPENODE – Step-by-Step Guide for 2025

Author Profile

Share

Copied

Fact Checked by

Tsvetomir Koychev

Content Lead

Tsvetomir Koychev

Part of the Team Since

Feb 2025

Author Categories

Exchanges Wallet Security Crypto Regulation

About Author

Tsvetomir is a Crypto Editor and Writer at Cryptonews, where he produces data-backed and impactful content focused on cryptocurrencies, exchanges, wallets, and blockchain technology.

Has Also Written

• 10 Best Crypto Wallets for January 2026
• 15 Best Crypto Wallets in South Africa for 2025
• Best Crypto Wallets in Australia for December 2025

Author Profile

Ad Disclosure

Ad Disclosure

We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More

Last updated: 

December 9, 2025

Based on our testing and analysis, Best Wallet and GhostSwap topped our list of the best no KYC crypto exchanges in 2025 due to their excellent privacy features. The former is suitable for novice and experienced traders, as it offers an integrated wallet, built-in DEX, and access to hot crypto presales, while the latter is our top choice for anonymous swaps.

Exchanges without KYC verification allow you to buy and sell cryptocurrencies anonymously. In many cases, you won’t be required to open an account, let alone upload identifying documents.

We assessed over 80 legitimate exchanges to single out the 12 best anonymous crypto exchanges with no KYC for 2025. We based our criteria on security features, reputation, supported crypto markets, fees and exchange rates, trading tools and analytics, and passive income tools.

Here’s all you need to know about the best no KYC platforms in 2025.

Best Anonymous Crypto Exchanges Shortlisted

FEATURED

Best In-Wallet Crypto Exchange

9.8/10

Best Wallet Review

• Anonymous in-wallet crypto exchange with no KYC requirements
• Trade thousands of coins across 60+ blockchains with low fees
• Beginner-friendly interface with numerous payment options

Visit Now

Top No-KYC Crypto Exchange for Instant Swaps

9.5/10

• No KYC and account creation requirements
• Instantly swap between 1,500+ cryptos
• Fast and beginner-friendly platform with 1M+ users

Visit Now

Best Crypto Futures & Options Trading Platform

9.4/10

CoinFutures Review

• Trade crypto futures & options with up to 1000x leverage
• No KYC requirements and instant withdrawals
• Low trading fees and deep liquidity

Visit Now

Crypto Exchange with Futures Trading and Exclusive Bonuses

9.2/10

WEEX Review

• Trade and upgrade to claim up to 500 USDT
• Buy and hold WXT to unlock perks and airdrops
• Trade cryptos and futures with deep liquidity & access copy trading

Visit Now

Low-Fee Anonymous Crypto Exchange

8.9/10

KCEX Review

• Benefit from 0% spot trading fees
• Trade and invest in 850+ cryptocurrencies
• Enjoy full access and high wihtdrawal limits without KYC

Visit Now

Best No KYC Exchanges – Full Reviews

No KYC in crypto means no identity verification is required to trade. You maintain privacy and avoid sharing personal data, which makes the process faster, more private, and easier to navigate. However, you might face fewer features and lower withdrawal limits. Exchanges like Binance have KYC, while others like Best Wallet or Margex offer no KYC options.

If privacy and speed are priorities over transaction limits for you, read our full reviews of the 9 best no KYC crypto exchanges for 2025. Here, we take a close look at key metrics, such as fees, supported coins, security, and user-friendliness.

1. Best Wallet – Overall Best No KYC Crypto Exchange for 2025

We rate Best Wallet as the best no-KYC crypto exchange in 2025 for trading and storing digital assets. As a decentralized exchange, it allows you to trade directly from your wallet, ensuring full control over your funds without the need for identity verification.

With support for over 1,000 cryptocurrencies, Best Wallet lets you diversify your portfolio with ease. Its user-friendly interface simplifies the trading process, making it an excellent option for both beginners and experienced traders. Additionally, we were impressed by the platform’s competitive fees, ensuring cost-effective transactions compared to other decentralized exchanges.

Beyond trading, Best Wallet provides integrated features such as staking and yield farming, allowing you to earn passive income from crypto. The platform’s commitment to user autonomy and privacy, combined with its comprehensive service offerings, solidifies its position as the top no-KYC crypto exchange in 2025.

Visit Best Wallet

2. GhostSwap – Best No KYC Exchange for Instant Swaps

GhostSwap is the best instant swap, non-KYC crypto platform we tested for this guide. The exchange supports over 1,500 coins across 25+ blockchains with zero KYC requirements. You don’t even have to create an account. All you need to do is select the coins you wish to swap and set the payout wallet address where you want to receive them.

Furthermore, GhostSwap is completely non-custodial, which means it doesn’t hold or have control over your assets at any point. This means that your funds remain safe even if the platform gets hacked. GhostSwap also uses encrypted smart contracts to guarantee high security during the transaction process.

The platform is also beginner-friendly with a clean, intuitive interface and self-explanatory menus and settings. In addition, it offers a 24/7 live chat option and support via email, so you can rest assured that its team is there to help you if you have any questions or technical difficulties.

3. CoinFutures – Best Anonymous Crypto Platform for Futures Trading

CoinFutures is a no-KYC trading platform that lets you trade with up to 1,000x leverage completely anonymously. Apart from not requiring an ID, name, and proof of residence, you don’t even need to provide an email address, as the provider allows you to simply download the app and connect your MetaMask wallet to start trading.

As a relatively new platform, CoinFutures lets you trade 11 popular coins, such as Bitcoin, Ethereum, Solana, Ripple, Chainlink, and more. The provider is constantly adding new listings, with the latest ones being Cardano and Avalanche. CoinFutures also impressed us with its flexible fee structure, letting you predict your costs in advance by choosing the Fixed Fee option or paying a small amount of your profits via PnL-based fees.

The trading platform also lets you deposit funds anonymously through any non-custodial wallet. Keep in mind, however, that CoinFutures isn’t the best option if you want to buy crypto anonymously, as it’s a trading-only exchange that doesn’t give you market exposure. What you’ll be doing is betting on the price chart of your selected asset without actually buying and selling.

4. WEEX – Best Global Crypto Exchange Crypto Exchange for Pro-Level Trading

Founded in 2018, WEEX is a trusted, no-KYC crypto exchange that offers a high-grade trading experience for professional traders. With just an email address, users can create an account and trade over 1,000 cryptocurrencies across spot and futures markets. Additionally, traders’ assets are protected by the platform’s 1,000 BTC insurance reserve.

WEEX’s advanced crypto futures interface delivers a professional level of token management. Its sleek interface handles up to 450,000 transactions per second (TPS), and traders have access to up to 400x leverage. The exchange also offers other in-demand cryptocurrency features, including a peer-to-peer (P2P) marketplace, copy trading, and a mobile app.

Furthermore, the platform offers one of the most competitive trading fees, and traders can receive an additional 70% discount on these costs by holding the WEEX native token, WXT. Currently, WEEX holds financial licenses in North America and Canada, and serves over 6 million global users.

5. KCEX – Best Anonymous Crypto Exchange for Spot Trading

KCEX is a no-KYC crypto exchange that excels in spot trading. It offers zero maker and taker fees, allowing you to trade without incurring additional costs. The platform supports over 860 cryptocurrencies, including popular options like Ethereum and Solana, and emerging altcoins such as Virtuals and Ethena. This extensive selection helps you diversify your portfolio with some of the best altcoins available.

Additionally, KCEX provides advanced trading features like futures contracts with up to 100x leverage, catering to various trading strategies. KCEX is registered as a Money Services Business (MSB) under FinCEN in the US, which is a rare find among non-KYC exchanges and ensures compliance with regulatory standards.

While we weren’t particularly thrilled with its lack of fiat support, KCEX’s focus on crypto-to-crypto trading and user-friendly interface make it a solid choice for traders seeking a no-KYC exchange. Plus, the platform doesn’t enforce mandatory KYC even for large withdrawals of up to 15 BTC daily.

6. BloFin – Best No KYC Exchange for Futures Trading

BloFin is a no-KYC crypto exchange specializing in futures trading. You can access a wide range of perpetual contracts with leverage options up to 150x. This feature positions BloFin among our top picks for the best crypto futures trading platforms.

The platform supports various top cryptocurrencies, including major ones like Bitcoin and Ethereum, more niche ones like Ondo and Phala, plus a solid collection of memecoins such as Popcat and Ponke. BloFin also offers competitive fees, with trading commissions starting from 0.02% for futures trading. Additionally, the user-friendly interface caters to novice and experienced traders.

Security is a priority at BloFin, with advanced measures such as two-factor authentication and cold storage solutions enhancing account protection. The platform also features a copy trading tool, which we found relatively basic but still pretty efficient.

Visit BloFin

7. Margex – Best Non-KYC Exchange for Trading With Leverage

Margex is a centralized exchange without KYC verification, known for its high-leverage trading options. You can trade with leverage up to 100x on various cryptocurrencies, allowing for significant position amplification. This is a key reason we recommend Margex as one of the best crypto leverage trading platforms.

While it doesn’t boast the highest number of supported coins on our list, the platform lets you trade over 55 cryptocurrencies, including Bitcoin, Ethereum, and Solana, providing a solid range of trading pairs. Margex offers competitive fees, with trading commissions starting from 0.019% per slide. We also enjoyed the user-friendly interface, which caters to both novice and experienced traders.

Security is a priority at Margex, with 100% of client-owned coins stored in cold wallets and 2FA account protection. The platform also features a copy trading tool, letting you mirror the strategies of successful traders.

Visit Margex

8. BingX – Best Crypto Exchange With No KYC Requirement for Copy Trading

BingX is a no-KYC crypto exchange renowned for its robust copy trading features. You can automatically replicate the trades of experienced professionals, allowing you to benefit from their strategies without extensive market knowledge. This functionality positions BingX among the best crypto copy trading platforms available.

We found that the platform supports over 930 cryptocurrencies, including Bitcoin, Ethereum, Solana, Ripple, Tron, and many more. We also found its fees competitive, with spot trading fees as low as 0.1% and futures ones starting at 0.02% for makers and 0.05% for takers.

BingX enhances account protection with advanced measures such as 2FA and cold storage for user funds. The platform also features a demo trading account, letting you practice trading strategies and test various features without risking your real money.

Visit BingX

9. Changelly – Best No KYC Exchange for Integration With Wallets and dApps

Founded in 2015, Changelly doesn’t require KYC verification and impressed us with its seamless integration with various wallets and services like MoonPay and Simplex. Particularly, its compatibility with some of the best crypto wallets, such as Ledger and Trezor, sets it apart from most other exchanges we tested for this guide.

Beyond wallet integration, Changelly offers access to over 1,000 cryptocurrencies. The platform provides both fixed and floating rate options, allowing you to choose the most suitable exchange rate for your needs. Additionally, Changelly’s user-friendly interface simplifies the process of investing in crypto.

Changelly operates as a non-custodial exchange, meaning it doesn’t hold your funds during transactions. This approach reduces the risk of hacks and unauthorized access to your crypto assets. Moreover, Changelly’s transparent fee structure ensures you’re aware of any costs upfront, avoiding hidden charges.

Visit Changelly

10. ChangeNOW – Best Anonymous Exchange for Crypto Whales and High-Net-Worth Individuals

Launched in 2017, ChangeNOW is a no-KYC crypto exchange ideal for high-net-worth individuals and crypto whales. It offers unlimited transaction amounts without registration, allowing you to execute large trades seamlessly. This feature makes ChangeNOW particularly attractive for substantial crypto transactions.

The platform supports over 980 cryptocurrencies, providing a wide range of trading options. Its non-custodial nature ensures you retain full control over your assets during exchanges, enhancing security. Moreover, we appreciate ChangeNOW’s fixed and floating exchange rates, which allow you to choose the most favorable option for your trades.

ChangeNOW’s user-friendly interface simplifies the trading process, even for complex transactions. The platform also boasts fast processing times, with most swaps completing within minutes.

Visit ChangeNOW

11. Switchere – Best No KYC Exchange for Compliance With EU Regulations

Switchere is a cryptocurrency exchange that emphasizes strict adherence to EU crypto regulations, but without KYC processes. As an EU-based platform, it complies with the 5th Anti-Money Laundering Directive (AMLD5), ensuring secure and transparent transactions.

The platform offers a user-friendly interface, allowing you to buy, sell, and swap various cryptocurrencies with ease. Switchere supports multiple payment methods, including credit/debit cards and Google Pay, facilitating quick and convenient transactions.

Switchere’s commitment to regulatory compliance and user security makes it a reliable choice for EU-based crypto traders in 2025. Its transparent fee structure ensures you know the costs upfront, avoiding hidden charges. Additionally, the platform provides 24/7 customer support to assist with any inquiries.

Visit Switchere

12. CoinEx – Anonymous P2P Crypto Exchange With The Best Customer Support and Interface

CoinEx is a no-KYC cryptocurrency exchange renowned for its user-centric customer support and intuitive interface. It offers 24/7 assistance through email, a ticketing system, and a chatbot, ensuring prompt responses to your inquiries. Reaching a representative took only a few minutes during our tests, and we got satisfying answers to all our questions. Additionally, the platform’s design prioritizes ease of use, making navigation straightforward even for newcomers.

Supporting over 1,280 cryptocurrencies, CoinEx provides a diverse range of trading options. It offers spot, futures, and margin trading, catering to various investment strategies. The platform’s fee structure is competitive, with both maker and taker fees set at 0.2%, which can be reduced by holding the native CET token.

As one of the best crypto margin trading exchanges, CoinEx prioritizes security, employing multiple layers of protection. The exchange also maintains a transparent proof-of-reserves system, ensuring that user assets are fully backed. These features make CoinEx a reliable choice for trading cryptocurrencies without KYC procedures.

Visit CoinEx

What Is a No KYC Crypto Exchange?

Non-KYC crypto exchanges are platforms that don’t require you to complete “Know Your Customer” (KYC) verification. KYC is a process to verify identity, usually involving ID documents and personal details. These exchanges prioritize privacy, letting you trade without revealing personal information.

They often rely on decentralized technology or offer limited account features to stay compliant. For instance, DEXs like Best DEX and Changelly bypass KYC because they don’t hold funds directly or manage fiat transactions.

Always consider the trade-offs when using non-KYC crypto exchanges:

Benefits of Using a No KYC Crypto Exchange

Using a KYC-free crypto exchange offers several potential benefits, including privacy, accessibility, and speed. In the following section, we’ll be looking at the main advantages in greater detail.

You Can Trade Cryptocurrencies Anonymously

Most people use no KYC crypto exchanges for an anonymous trading experience. This means that there are no requirements to provide personal information when getting started. In contrast, traditional crypto exchanges collect a range of data from their users.

This includes the trader’s name, nationality, home address, date of birth, and contact details. While most traders don’t mind providing this information to crypto exchanges, some do. What’s more, the KYC process often doesn’t stop with personal information.

In most cases, you’ll also be required to upload verification documents. This includes a proof-of-identity document, such as a passport or driver’s license. And to verify the trader’s home address, a recently issued bank statement or utility bill is also needed.

These processes aren’t required when using a KYC-free exchange. Instead, you can buy and sell cryptocurrencies without any identification or document requests. However, you may need to provide an email or phone number for security.

There’s No Account Registration Required

The best no KYC crypto exchanges allow you to trade without opening an account. For example, CoinFutures simply requires users to deposit crypto from their private wallet to its exchange. Once the wallet is connected, you can begin buying and selling cryptocurrencies.

Here’s an example of how it works:

You Can Trade Crypto in a Country With Strict Regulations

Traditional centralized crypto exchanges will often prohibit users from certain countries. These are often countries with strict regulations on cryptocurrencies. For example, China banned all crypto-related transactions in 2021.

This means that Chinese traders will often use an anonymous crypto exchange. After all, no identification crypto exchanges don’t ask for the user’s country of residence. This ensures that cryptocurrencies are accessible globally and not hindered by draconian regulations.

You Will Avoid Exchange Risks Related to Hacks and Bankruptcy

We mentioned that the top crypto exchanges without ID requirements are decentralized platforms. This in itself is a major benefit, especially when it comes to platform-related risks.

There have been many other examples of crypto exchanges going bankrupt, suffering data breaches, or engaging in malpractices. For example, on Feb. 21, 2025, the crypto world witnessed the largest single cryptocurrency theft in history. North Korean hackers stole around $1.4 billion from Bybit’s Ethereum wallet. This incident raised concerns about the security of custodial wallets.

You can avoid these risks by using a no-KYC crypto exchange with a decentralized framework. The entire ecosystem functions through smart contracts.

This means that crypto trades go through the blockchain. So, as soon as your trade is confirmed, the tokens are deposited directly into your connected wallet.

You Can Keep Your Personal Data Private and Secure

Another benefit of no KYC crypto exchanges is that you don’t need to risk data privacy leaks. For example, in late 2020, it was reported that BTC Markets — one of Australia’s largest exchanges — ‘accidentally’ leaked the full names and email addresses of all registered users. The exchange had over 270,000 registers at the time.

A more serious breach could have leaked additional personal data, such as home addresses, dates of birth, and KYC documentation. No KYC exchanges do not collect personal data or verification documents, so data leaks are not a risk.

Drawbacks of No KYC Crypto Exchanges

Using no KYC crypto exchanges has drawbacks compared to regular fiat-to-crypto platforms, primarily in security, regulatory compliance, and fiat options. These platforms often lack the legal protections KYC-compliant exchanges offer.

Without verified identities, non-KYC exchanges have limited recourse against fraud or hacking incidents. For instance, if assets are stolen, there’s usually no recovery or insurance, unlike on KYC exchanges like Coinbase, which protect verified users with regulated safeguards.

Liquidity can be lower on no KYC exchanges, leading to higher price volatility. This is especially true on smaller DEXs where liquidity pools may not meet the demands of high-volume trades. You may face slippage, where your trade executes at a different price than expected. To mitigate this, trade during high-liquidity periods or set slippage tolerances.

Fiat options are limited or absent on anonymous platforms. Most of these exchanges only support crypto-to-crypto trading, so you’ll need an intermediary platform like a regular exchange or P2P platform to convert fiat.

Anonymous exchanges also face potential regulatory crackdowns. Governments may restrict access or block funds associated with these platforms. To mitigate this, use VPNs for geo-restricted crypto exchanges and keep your assets in private wallets rather than on the exchange.

To navigate these drawbacks, balance security and privacy by choosing reputable no KYC exchanges with good liquidity, and always store funds in non-custodial wallets. This reduces exposure while allowing you to trade privately and securely.

Are No KYC Crypto Exchanges Legal?

No KYC crypto exchanges operate in a legal gray area, largely depending on your jurisdiction’s regulations. Many countries require crypto exchanges to comply with anti-money laundering (AML) laws, which typically include KYC protocols to verify user identities.

These exchanges often position themselves as decentralized platforms or non-custodial services to avoid direct regulatory oversight. DEXs use smart contracts and don’t hold user funds, making them technically challenging to regulate. However, regulators can still target front-end providers, website hosts, or developers associated with these platforms.

While using no KYC platforms isn’t explicitly illegal in most countries, you may encounter restrictions. For instance, certain jurisdictions require users to report all crypto transactions for tax and compliance reasons, regardless of whether KYC was performed. Using an anonymous exchange could complicate tax reporting and might raise compliance issues if audited.

In some countries, governments have moved to block access to no KYC exchanges entirely. China and India, for example, restrict cryptocurrency trading heavily and block known exchange websites. Users may use VPNs to buy Bitcoin and access these exchanges, though this method could still violate local laws.

If you plan to use anonymous exchanges, understand your country’s specific regulations on crypto trading and reporting requirements. In stricter jurisdictions, consider decentralized exchanges with robust privacy, but also ensure you fulfill legal obligations like crypto tax reporting.

Some users trade anonymously on DEXs for added compliance and flexibility but later convert funds through regulated exchanges for transparent fiat transactions.

FAQs