Crypto exchanges allow you to buy and sell crypto anonymously. Users can access these exchanges without KYC or ID verification, as there is no need to open an account while trading here.
This Article will provide you with a comparison of top 5 Best Crypto exchanges without KYC and examine their features, like tools, security, fees, and much more.
Best crypto exchanges without KYC exchanges: Top picks
1. Margex
It is a top-rated exchange, as per our review. The reason for its popularity is that Margex does not require any document for KYC verification and it has strong security along with beginner-friendly features.
This platform offers up to 100x support in the futures, which helps users to boost their profit significantly. While trading, keep in mind higher leverage leads to higher risk. This platform caters to traders of all skill levels and also offers learning material on market analysis.
It is important to highlight that this platform emphasizes security, employing the MS shield system as its primary safeguard mechanism. This prevents manipulation and offers fair prices and liquidity to the users.
Using this platform allows new users to engage with Margex without any monetary loss, additionally, there are options for copy trading and stacking.
It also provides an alert system, which includes notifications relevant to price, market cap, volume, and much more. These notifications alert its users and help them in decision-making, furthermore, this platform also accepts Visa and Mastercards for deposits, providing access to its trading services.
2. MEXC
This platform is popular for providing spot and future trading without asking users to disclose their identities. MEXC is getting the extra benefit of offering 0% free on-spot trading, as other no KYC exchanges cannot offer this to their users.
In future trading, MEXC is charging only a 0.01% fee on the profit trade, and no fee is taken on the loss trade. Users can get registered on crypto wallets like Metamask, bypassing email registration.
After the registration process, users can get into a trade and withdraw 30 BTC per day. Traders can increase this limit up to 80 BTC after a basic KYC. This platform allows spot traders to trade in 1800 pairs of crypto, and hundreds of pairs in future trading.
Funding your account in traditional currency requires KYC. This problem comes to an end by using the services of third parties like Moonpay, Banaxa, which provide different payment methods like Visa and MasterCard, Google Pay, and Apple Pay. Mexc is entertaining new users by providing order books and advanced tools like copy trading, and saving options.
3. BingX
BingX is not accessible in some countries, although it has made a unique presence in the world of crypto by providing a wide range of innovative features and a user-friendly interface.
In 2018, BingX came into existence, facilitating more than 10 million customers worldwide.
It is a centralized platform with almost $1.7 billion in daily turnover, making it the 19th largest exchange in the world.
AUSTRAC (Australian Trading Reports) licenses this exchange and holds its assets in Lithuania. Due to the absence of KYC measures, it is easy to create an account on it and seek privacy. Accounts without KYC restrictions can only use a limited number of features and withdraw a limited amount.
BingX depends on the social trading feature, which is attractive for new users as they can copy successful trades and make a profit. Along with the cryptocurrency, users can also trade stocks, and forex, making it suitable for those with borders.
BingX offers a variety of advanced features, including perpetual swaps and leveraged futures, for skilled traders, and these features attract both new and skilled traders.
4. Changelly
It is a global crypto platform, created in 2015, and serves more than $6 million customers worldwide. Changelly, located in Hong Kong, is seeking the attention of traders who require a safe and secure platform. It remains popular by providing advanced features and providing access to more than 500 cryptocurrencies.
Changelly, don’t hold the cryptocurrency after you purchase, and send it directly to your digital wallet for maximum security. Along with payments from third parties, this platform also accepts payments through your bank accounts, visas, and master cards.
An easy-to-use and user-friendly interface makes it simple to open an account without any hassle. This platform prefers users’ privacy by allowing them to trade without account opening and getting into the process of KYC.
Partnerships with big whales like Binance and other digital wallets like Coinomi make changelly a trustworthy platform to buy and sell crypto and provide 24-hour customer support to solve any query in crypto exchanges.
5. Switchere
Switchere, based in Estonia, is a licensed crypto exchange that allows users to purchase cryptocurrency without any KYC and allows users to trade in 30 coins, including market-leading coins like Bitcoin and Ethereum. This platform allows traders to access a series of alternative coins that are not available on other platforms. This platform is getting attention from beginners who want to invest in crypto and from users who want to trade anonymously.
This exchange is user-friendly and has all the basic features expected by users, including an in-built crypto wallet and educational material that helps beginners choose the cryptocurrency to buy or trade.
Switchere provides its services in 160 countries, where users can buy and trade in cryptocurrency.
This exchange has a transparent structure fee, where it charges 3.6% on debit and credit cards and 3.4% on blockchain charges, which are network-dependent.
