Best Non-KYC Crypto Exchanges: Buy BTC Without KYC
As crypto grows more linked with the existing banking system, Know-Your-Customer (KYC) requirements are becoming more prevalent in Web3. If you’ve ever used a cryptocurrency exchange or purchased an NFT, you’ve probably had to go through a Know-Your-Customer (KYC) check to authenticate your identity. KYC checks are an important component of the global financial system’s architecture, allowing cryptocurrency businesses to comply with Anti-Money Laundering (AML) requirements.
KYC verifications are an important tool for states and authorities in preventing cryptocurrency from being used for crimes such as human trafficking, money laundering, and terrorist financing. However, some crypto exchanges allow for KYC-free swaps, especially when it comes to small amounts of crypto or fiat money. In this article, we will explore the field and take a look at the list of the best non-KYC crypto exchanges.
- 1 What Does No KYC Mean in Crypto?
- 2 Top-10 Best Non-KYC Crypto Exchanges
- 3 Are Cryptocurrency Exchanges Safe Without KYC?
What Does No KYC Mean in Crypto?
In general, KYC procedures are used to identify and confirm that a customer is who they claim to be. It is a multi-step procedure aimed to prevent the establishment and use of fraudulent accounts.
A non-KYC exchange is a cryptocurrency exchange platform that allows users to trade cryptocurrencies without having to verify their identity. Such an exchange necessitates the possession of coins in an address that cannot be linked to your identity in any manner, shape, or form. While anyone checking the blockchain can see the amount of value in the address, they are unable to determine where the crypto came from or who controls it. Non-KYC exchanges allow you to store coins that safeguard your privacy because their ownership cannot be traced back to a single person.
Why Do Many Want to Avoid KYC Verification in Crypto?
Bitcoin and other cryptocurrencies have grown in popularity and profitability, so you can imagine that the regulations have been tightened. Law enforcement and other authorities are among those who are familiar with Bitcoin and crypto exchanges. Cryptocurrency sales continue to face regulatory scrutiny, making it difficult to obtain these non-KYC cryptocurrencies.
Custodial exchanges are an ideal platform for law enforcement to use. While most crypto exchanges can trace your identity using your IP, email address, or re-used username, your funds can only be seized from a custodial exchange (or a bank account). However, many people would like to remain anonymous. They do it because of their own reasons, and these can be different:
- Some users argue that identity verification goes against the cryptocurrency concept.
- Others would choose to avoid sanctions, embargoes, or PEP screening lists.
- Illicit organizations seeking to launder money through cryptocurrency exchanges.
- Other users may wish to avoid paying taxes.
- Minors may be seeking to trade cryptocurrencies.
- Not everyone is comfortable with sharing their personal data.
Top-10 Best Non-KYC Crypto Exchanges
But here’s the good news: these people have a number of crypto platforms waiting to be used for swaps without any verification. Here are the best non-KYC crypto exchanges:
StealthEX is a non-custodial cryptocurrency exchange with a collection of over 1200 digital assets – from such well-known cryptocurrencies as Bitcoin and Ethereum to more rare ones like Monero or SushiSwap. The service was launched in 2018, and, while mostly being aimed at European customers, offers a platform where crypto users can purchase cryptocurrencies and perform instant crypto exchanges and limitless swaps. The exchange supports 10+ fiat currencies (USD, EUR, GBP, TL, KES, ZAR, GHS, TZS, MXN, VND, and BRL), including purchasing them with your credit card.
StealthEX does not require registration, allowing anyone to buy and exchange cryptocurrencies quickly and effortlessly on the fly. Simply go to the site, buy your preferred cryptocurrency, or trade cryptocurrencies, and keep them in your preferred wallet outside of StealthEX.
When it comes to KYC, thanks to StealthEX you can now buy an amount of crypto without any identity checks if it’s less than €700 or the equivalent of this amount in other currencies.
SimpleSwap is an instant crypto platform that was launched in April 2018 and registered in the Marshall Islands. This service lets you exchange cryptocurrencies as well as buy crypto for fiat. Through SimpleSwap’s integration with many of the biggest platforms, you can swap a very large selection of cryptocurrencies, over 900 digital assets are freely available for exchange.
When it comes to KYC checks, the platform states that there are none. However, a Know-Your-Customer verification might become mandatory in some cases while settling any transaction dispute: SimpleSwap has been known to ask users to complete the KYC procedure while resolving any issue, suspecting malicious activity, or wrong transfers.
SwapZone is an independent and non-custodial crypto exchange aggregator that scans the network of all registered crypto exchanges globally and gives a list of all platforms that support the chosen trading pairs. This platform registered in Georgia has been monitoring and comparing cryptocurrency exchange rates since 2019. The exchange facilitates on-the-spot trading with its offer of about 1,000 assets ready to be swapped.
The platform gives access to new users without a verification process. No account creation is needed, and the service itself doesn’t require any KYC checks from its users. However, if the exchange with which the platform is working does apply KYC to its users, you will need to pass said KYC and AML checks.
SwapSpace is a crypto exchange aggregator with offers from 17+ services for cross-chain swaps of Bitcoin, Ethereum, Metaverse coins, and 900+ other digital assets. The platform was founded in 2019 and is registered in St. Vincent and the Grenadines. The service has united a variety of leading exchange services for one purpose: to simplify and accelerate the exchange process.
As for KYC checks, SwapSpace doesn’t process transactions and doesn’t need any verifications – however, we SwapSpace is an aggregator that integrates several swap services, and whilst some of them are completely anonymous, others could ask for an ID.
Uniswap is the largest decentralized exchange (or DEX) operating on the Ethereum blockchain that was created on November 2, 2018 by Hayden Adams, a former mechanical engineer at Siemens. The Uniswap company received investments from business angel Ric Burton and venture capital firms, including Andreessen Horowitz, Paradigm Venture Capital, Union Square Ventures LLC and ParaFi. The platform allows users anywhere in the world to trade crypto without an intermediary. It even has its own governance token, UNI, that allows users to vote on key protocol changes. Rather than maintaining a central order book where buyers and sellers can place orders, Uniswap instead uses a collection of liquidity pools.
Uniswap doesn’t require any registration, and since it doesn’t require creating an account, Uniswap doesn’t have a KYC process.
ChangeNOW is a non-custodial crypto exchange that lets users buy/swap crypto without creating or verifying an account. It was launched in 2017. The ChangeNOW company belongs to the CHN Group Limited and is headquartered in Mahé, Seychelles. The company has recently expanded its offices in Amsterdam, The Netherlands. The platform itself enables swapping of one cryptocurrency into another across more than 1000 individual crypto tokens and allows its users to buy cryptocurrency with a USD/EUR card.
ChangeNOW requires KYC for some transactions and the service will not ask for verification as long as the transactions are not marked as suspicious.
Changelly is a cryptocurrency exchange founded in 2016 and headquartered in the Czech Republic. The platform’s crypto collection includes over 500 cryptocurrencies. A cryptocurrency trader can get started with Changelly simply by providing their email address. To unlock more advanced features, such as paying for cryptocurrencies with fiat currencies, a user will have to provide the service with more information about themselves.
Changelly does not sell cryptocurrency directly; instead, the platform does so through a number of trusted fiat providers. KYC verification is required for all of them. The KYC requirement only applies to a small percentage of the users, and if you use their DeFi Swap feature, you won’t have to worry about it at all.
HoudiniSwap is a system of interconnected non-KYC exchanges that was launched in 2022. It uses the Monero blockchain to anonymize your transactions, automatically swapping from your desired input currency to Monero on one exchange, then sends the Monero to a different exchange and swaps the Monero to your desired receiving currency. The platform has its own token called POOF token.
Houdini Swap transactions are non-KYC, however there are automated screeners in place to ensure that no illicit behavior occurs on the platform. These screeners, known as AML policies, are administered by the exchanges that the platform partners with. If a transaction is detected as having a criminal risk, exchange partners may need additional information in accordance with their KYC/AML procedures.
Trocador is an exchange aggregator that’s focused on its users’ privacy and that seeks out the best possible rates from partner exchanges when you enter the desired transaction. This eliminates the need for you to create an account on a centralized exchange or disclose personal information. The platform quotes in 14 different exchanges, 26 types of simultaneous rates and offers 60 different coins.
As each exchange has its own KYC/AML policy, they may halt a user’s transaction and demand KYC/AML verification before completing it. Toreador claims it’s quite rare, but when it does happen, they usually give Toreador’s customers the choice of refusing and getting a refund instead.
OrangeFren lets you quickly compare the rates among instant, KYC-free, exchanges trading Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Monero, USDC, and USDT. The platform itself is exceptionally simple and doesn’t have a large crypto collection.
As the service does not need any registration, it also doesn’t do any KYC procedures.
Are Cryptocurrency Exchanges Safe Without KYC?
You may ask yourself, are non-KYC swappers secure and safe to use? The answer is yes. Cryptocurrency exchanges that do not require KYC offer the same level of security and dependability as traditional trading platforms. Non-KYC exchanges, on the other hand, may have deposit and withdrawal limits.
What About Taxes? Do I Have to Report Transactions from Non-KYC Exchanges on My Tax Return?
Of course. Even if your exchange does not require KYC, you must still record any revenue made by your crypto investing activity on your taxes. In the majority of countries, tax evasion is a serious crime with serious ramifications, and in all cases if you made a profit, it is taxable.
Are Non-KYC Crypto Exchanges Legal?
Depending on the country or location, their regulatory status may differ. Before using non-KYC sites, users should investigate their local laws and regulations related to cryptocurrency exchanges.
Choose StealthEX for Exchange and Buy Crypto
- User-Friendly — Simple and minimalistic interface for everyone.
- Fast and Private — Instant non-custodial cryptocurrency exchanges.
- Buy crypto with Credit Card.
- 1200+ coins and tokens are available for limitless, quick and easy exchanges.
- NO-KYC crypto exchanges — Buy cryptocurrency up to €700 without KYC!
- StealthEX crypto exchange app — Process crypto swaps at the best rates wherever you are.
- 24/7 Customer Support.
Earn from Each Exchange by Joining StealthEX Affiliate Program.
Become a partner right now and use affiliate tools:
- Public API — Earn from your wallet, aggregator, or exchange terminal.
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As cryptocurrency becomes more regulated, the number of non-KYC exchanges is decreasing year after year. Despite the pressure on non-KYC exchanges, the argument over the advantages and disadvantages of KYC standards remains. While crypto purists claim that privacy and anonymity are fundamental to cryptocurrency, authorities believe that KYC can aid in the prevention of fraud and money laundering.
In the end, the decision to use a traditional crypto exchange or a non-KYC swapper comes down to personal preference and risk tolerance. Users must investigate and comprehend the policies and potential hazards of any exchange they choose to utilize. While the future of non-KYC exchanges is unknown, the decentralization concepts they represent will continue to play an important part in the development and evolution of the crypto ecosystem.
Don’t forget to always research any cryptocurrency and assess your risks before you invest.crypto exchange cryptocurrency exchange KYC KYC AML NO KYC