Is using a No-KYC exchange illegal?

If trading crypto is illegal in your place of residence, then using an exchange regardless of their KYC policies is technically illegal. You should always aim to comply with any local laws.

Are No-KYC crypto exchanges operating illegally?

Most crypto exchanges are registered in countries where they operate fully legally, and are often licensed by local authorities. Simply because they do not enforce the laws of some foreign country does not make them illegal. There is no global regulatory framework or consensus that regulates crypto exchanges.

Do I need a VPN to access crypto trading on a No-KYC exchange?

Most exchanges avoid knowingly servicing customers from commonly restricted countries such as United States to avoid regulatory wrath, or at least unnecessary scrutiny. Traders who do not provide their identity information and access these exchanges from IPs in allowed countries are able to use them without issues. In most cases, exchanges will use basic IP blocking to detect user location. Simply changing your IP address to a country without restrictions should be sufficient to use their full range of services. This depends on each exchange, but for some using a VPN only during account registration is sufficient. For most, you will need to keep your VPN connection up during trading. Also worth noting, many exchanges will not let you create accounts with ProtonMail or similar private email services. Use Gmail, Outlook, Yahoo Mail, or similar.

Is using VPNs illegal?

There are a few countries where VPN use is illegal, such as North Korea, Iran, Turkmenistan, Russia, and Belarus, to name a few. China doesn’t technically ban VPNs, but citizens are required to use those licensed by the government, which aren’t likely to provide the same protection as commercial VPNs. In any case, you should check your local laws to ensure using a VPN is legal in your country.

Can an exchange ban my account if I’m in a restricted territory?

Absolutely. Accessing exchanges from countries in their restricted list is a violation of their terms of use and is grounds for an account suspension. It’s always best to find an exchange that does not restrict traders from your country by using our Country filters.

Can I retrieve my crypto funds if my account is locked?

Even larger exchanges with KYC are known to turn a blind eye to traders from restricted territories. But, there is no guarantee you will be able to access your funds if your exchange account is suspended for violating their terms of service. It’s highly recommended to keep the majority of your crypto assets in your personal wallets that you control, and use a small amount of your portfolio to trade with leverage. Withdraw profits often, and never withdraw fiat to your bank account if it's in a restricted territory.

Are there any ways to pass the KYC process?

You can obtain a Palau residency card if you need or want to pass KYC. Getting a Palau ID can be done online, and will provide you with a fully legal ID from a sovereign nation. Most exchanges, especially smaller ones, will accept this as a valid form of ID.

Can I deposit fiat without KYC?

You should check each individual exchange to see if this is possible. Most will not allow you to deposit fiat through bank transfers or debit cards without passing KYC first. Technically, submitting your bank details may already provide the exchange with your location. To convert your local currency into crypto, first use a legitimate exchange available in your country (the so-called “fiat gateway”) with verified identity for your initial fiat to crypto purchase . For this, use our Bank Transfer Deposits or Card Deposits tags and find a reputable exchange available in your country. Once you bought your first Bitcoin, Ethereum, USDT or some other cryptocurrency on your chosen fiat gateway, transfer the crypto assets directly to another exchange to enjoy trading without doing KYC and without restrictions.

Are there any trading restrictions if I don't KYC?

Exchanges without mandatory KYC will typically not impose any trading restrictions. You can trade any volume, on either spot or derivatives markets. You should also be able to access staking & savings and participate in launchpads. To avoid losing access to certain features, don't forget to keep your VPN active if you are accessing an exchange from a restricted territory. One common restriction on no-kyc exchanges are withdrawal amounts. You will typically not be able to withdraw more than 1-2 BTC per day. Exchanges have this limit to prevent large-scale money laundering or fraud.

How to withdraw fiat without KYC?

If you wish to withdraw your investment or earnings to your bank account, you should not do it on an exchange where you can't KYC. Instead, do the opposite process that you did when depositing fiat. First, find an exchange operating legally in your country ("fiat gateway"). Then, withdraw crypto (BTC, ETH, USDT, or others) from your non-kyc trading exchange to your fiat gateway. Lastly, on the legal fiat gateway, convert your crypto to USD, EUR or other local currency and withdraw it to your bank account.

No-KYC Crypto Exchanges

Read Review

Link bonus:

: $3,000

#1 BitMart

3.4/5

Registered and available in US – Direct fiat deposits through cards – 3rd party fiat deposit & withdraw with bank transfers and cards – Lots of staking & savings assets – $3,000 welcome bonus

: 1,250+

: 2018

: ₿ 29,862

User Friendly

Bank transfer deposits

VISA/Mastercard deposits

Fiat withdraw

P2P market

Mobile App

No KYC

Demo trading

Crypto ATM cards

Decentralized wallet

Features

Spot trading

Futures trading

Margin trading

Options trading

Tokenized stocks

Trading bots

Copytrading

Staking & savings

Crypto loans

Airdrops & Launchpool

Fees

Trading fees:

Spot Maker Fee: 0.1%
Spot Taker Fee: 0.1%
Futures Maker Fee: 0.02%
Futures Taker Fee: 0.06%

Additional $3,000 signup bonus when using our referral signup link.

Fiat deposit fees:

Visa/Mastercard: 6%

View all deposit & withdraw fees

Safety

Exchange launched in 2018

Number of users: 12 million

Licenses & registrations: 3

No Proof of Reserves

Volume & Altcoins

Number of altcoin pairs: 1250

Last 24h trade volume (in BTC): 29,862

Read Review

Link bonus:

: 10%

: $31

#2 XT.com

3.7/5

Medium volume but good liquidity – Many fiat deposit gateways including cards, Google Pay, Apple Pay – Lots of good small market cap altcoins – Optional KYC – High staking yields

: 1,050+

: 2018

: ₿ 17,166

User Friendly

Bank transfer deposits

VISA/Mastercard deposits

Fiat withdraw

P2P market

Mobile App

No KYC

Demo trading

Crypto ATM cards

Recurring & scheduled buy

Decentralized wallet

Features

Spot trading

Futures trading

Margin trading

Options trading

Stocks, Commodities & Forex

Tokenized stocks

Trading bots

Copytrading

Staking & savings

Crypto loans

Airdrops & Launchpool

Fees

Trading fees:

Spot Maker Fee: 0.2%
Spot Taker Fee: 0.2%
Futures Maker Fee: 0.04%
Futures Taker Fee: 0.06%

Additional 10% fee discount when using our referral signup link.

Additional $31 signup bonus when using our referral signup link.

Fiat deposit fees:

View all deposit & withdraw fees

Safety

Exchange launched in 2018

Number of users: 8 million

Licenses & registrations: 2

Proof of Reserves

Volume & Altcoins

Number of altcoin pairs: 1050

Last 24h trade volume (in BTC): 17,166

Read Review

Link bonus:

: $10,000

#3 MEXC

3.7/5

Easy buys with cards or bank transfers – Up to $8,000 in signup bonuses – Frequent large trading competitions – Very low trading fees – No mandatory KYC – Massive selection of low-cap altcoins

: 2,900+

: 2018

: ₿ 39,356

User Friendly

Bank transfer deposits

VISA/Mastercard deposits

Fiat withdraw

P2P market

Mobile App

No KYC

Demo trading

Crypto ATM cards

Decentralized wallet

Features

Spot trading

Futures trading

Margin trading

Options trading

Stocks, Commodities & Forex

Tokenized stocks

Trading bots

Copytrading

Staking & savings

Crypto loans

Airdrops & Launchpool

Fees

Trading fees:

Spot Maker Fee: 0.05%
Spot Taker Fee: 0.05%
Futures Maker Fee: 0.01%
Futures Taker Fee: 0.04%

Additional $10,000 signup bonus when using our referral signup link.

Fiat deposit fees:

Visa/Mastercard: 2%
SEPA (EUR): €1.25

View all deposit & withdraw fees

Safety

Exchange launched in 2018

Number of users: 40 million

Insurance fund: 470 million USD

Proof of Reserves

Volume & Altcoins

Number of altcoin pairs: 2900

Last 24h trade volume (in BTC): 39,356

Read Review

Link bonus:

: 5%

: $5,125

#4 BingX

4.0/5

Over $5,000 bonuses for new users – Trade SPX, NASDAQ, and other indices – Trade commodities like gold or silver – Forex trading – Great selection of altcoins – No mandatory KYC

: 950+

: 2018

: ₿ 12,411

User Friendly

Bank transfer deposits

VISA/Mastercard deposits

Fiat withdraw

P2P market

Mobile App

No KYC

Demo trading

Crypto ATM cards

Decentralized wallet

Features

Spot trading

Futures trading

Margin trading

Options trading

Stocks, Commodities & Forex

Tokenized stocks

Trading Bots

Copytrading

Staking & savings

Crypto loans

Airdrops & Launchpools

Fees

Trading fees:

Spot Maker Fee: 0.1%
Spot Taker Fee: 0.1%
Futures Maker Fee: 0.02%
Futures Taker Fee: 0.05%

Additional 5% fee discount when using our referral signup link.

Additional $5,125 signup bonus when using our referral signup link.

Fiat deposit fees:

Visa/Mastercard: 3.8%
SEPA (EUR): No fee
SWIFT: No fee

View all deposit & withdraw fees

Safety

Exchange launched in 2018

Number of users: 20 million

Insurance fund: 150 million USD

Licenses & registrations: 2

Proof of Reserves

Volume & Altcoins

Number of altcoin pairs: 950

Last 24h trade volume (in BTC): 12,411

Read Review

Link bonus:

: 15%

: $6,000

#5 LBank

3.2/5

Operating since 2015 – One of the best memecoin trading exchanges – Easy card purchases through 7 different gateways – Good volume – Optional KYC

: 800+

: 2015

: ₿ 34,140

User Friendly

Bank transfer deposits

VISA/Mastercard deposits

Fiat withdraw

P2P trading

Mobile App

No KYC

Demo trading

Decentralized wallet

Features

Spot trading

Futures trading

Margin trading

Options trading

Tokenized stocks

Trading bots

Copytrading

Staking & savings

Crypto loans

Airdrops & Launchpool

Fees

Trading fees:

Spot Maker Fee: 0.2%
Spot Taker Fee: 0.2%
Futures Maker Fee: 0.02%
Futures Taker Fee: 0.06%

Additional 15% fee discount when using our referral signup link.

Additional $6,000 signup bonus when using our referral signup link.

Fiat deposit fees:

Visa/Mastercard: 3.5%

View all deposit & withdraw fees

Safety

Exchange launched in 2015

Number of users: 15 million

Licenses & registrations: 5

No Proof of Reserves

Volume & Altcoins

Number of altcoin pairs: 800

Last 24h trade volume (in BTC): 34,140

Read Review

Link bonus:

: $1,012

#6 Bitrue

3.3/5

Fiat deposits through cards and bank transfers – Very high yields for many coins on flexible staking – High volume & operating since 2018 – Up to $1,000 in welcome bonuses – Cheap trade fees

: 800+

: 2018

: ₿ 6,988

User Friendly

Bank transfer deposits

VISA/Mastercard deposits

Fiat withdraw

P2P trading

Mobile App

No KYC

Demo trading

Recurring & scheduled buy

Decentralized wallet

Features

Spot trading

Futures trading

Margin trading

Options trading

Trading bots

Copytrading

Staking & savings

Crypto loans

Airdrops & Launchpool

Fees

Trading fees:

Spot Maker Fee: 0.098%
Spot Taker Fee: 0.098%
Futures Maker Fee: 0.02%
Futures Taker Fee: 0.06%

Additional $1,012 signup bonus when using our referral signup link.

Fiat deposit fees:

View all deposit & withdraw fees

Safety

Exchange launched in 2018

Insurance fund: 25 million USD

Licenses & registrations: 2

No Proof of Reserves

Volume & Altcoins

Number of altcoin pairs: 800

Last 24h trade volume (in BTC): 6,988

Read Review

Link bonus:

: 10%

: $100

#7 CoinEx

3.6/5

Quick swap and recurring buys – Many fiat deposit gateways – Large amount of altcoins – Optional identity checks – Decentralized trading & wallet – Very low trading fees

: 1,200+

: 2017

: ₿ 2,260

User Friendly

Bank transfer deposits

VISA/Mastercard deposits

Fiat withdrawals

P2P market

Mobile App

No KYC

Demo trading

Recurring & scheduled buy

Decentralized wallet

Features

Spot trading

Futures trading

Margin trading

Options trading

Trading Bots

Copytrading

Staking & savings

Crypto loans

Airdrops & Launchpool

Fees

Trading fees:

Spot Maker Fee: 0.2%
Spot Taker Fee: 0.2%
Futures Maker Fee: 0.03%
Futures Taker Fee: 0.05%

Additional 10% fee discount when using our referral signup link.

Additional $100 signup bonus when using our referral signup link.

Fiat deposit fees:

View all deposit & withdraw fees

Safety

Exchange launched in 2017

Number of users: 10 million

Insurance fund: 33 million USD

Proof of Reserves

Volume & Altcoins

Number of altcoin pairs: 1200

Last 24h trade volume (in BTC): 2,260

Read Review

Link bonus:

: 20%

: $2,000

#8 CoinW

3.0/5

Prepaid Visa available for many countries – 3rd party fiat deposits and withdrawals – Non-mandatory KYC – Good spot altcoin selection, but fewer on futures

: 400+

: 2017

: ₿ 40,646

User Friendly

Bank transfer deposits

VISA/Mastercard deposits

Fiat withdraw

P2P market

Mobile App

No KYC

Demo trading

Crypto ATM cards

Recurring & scheduled buy

Decentralized wallet

Features

Spot trading

Futures trading

Margin trading

Options trading

Trading Bots

Copytrading

Staking & savings

Crypto loans

Airdrops & Launchpool

Fees

Trading fees:

Spot Maker Fee: 0.2%
Spot Taker Fee: 0.2%
Futures Maker Fee: 0.01%
Futures Taker Fee: 0.06%

Additional 20% fee discount when using our referral signup link.

Additional $2,000 signup bonus when using our referral signup link.

Fiat deposit fees:

View all deposit & withdraw fees

Safety

Exchange launched in 2017

Number of users: 8 million

Licenses & registrations: 4

No Proof of Reserves

Volume & Altcoins

Number of altcoin pairs: 400

Last 24h trade volume (in BTC): 40,646

Read Review

Link bonus:

: 5%

: $5,000

#9 BloFin

3.1/5

Aimed at futures traders – High volume – Up to $5,000 in deposit and trade bonuses – No mandatory KYC

: 550+

: 2023

: ₿ 11,325

User Friendly

Bank transfer deposits

VISA/Mastercard deposits

Fiat withdrawals

P2P trading

Mobile App

No KYC

Demo trading

Crypto ATM cards

Decentralized wallet

Features

Spot trading

Futures trading

Margin trading

Options trading

Trading Bots

Copytrading

Staking & savings

Crypto loans

Airdrops & Launchpools

Fees

Trading fees:

Spot Maker Fee: 0.1%
Spot Taker Fee: 0.1%
Futures Maker Fee: 0.02%
Futures Taker Fee: 0.06%

Additional 5% fee discount when using our referral signup link.

Additional $5,000 signup bonus when using our referral signup link.

Fiat deposit fees:

Visa/Mastercard: 4%
SEPA (EUR): €1
SWIFT: 4%

View all deposit & withdraw fees

Safety

Exchange launched in 2023

Proof of Reserves

Volume & Altcoins

Number of altcoin pairs: 550

Last 24h trade volume (in BTC): 11,325

Read Review

Link bonus:

: 10%

: $711

#10 Poloniex

3.1/5

Fiat deposits and withdrawals via 3rd party gateways – Active P2P marketplace – Good staking yields – Optional KYC – Low liquidity – Very few futures trade pairs

: 750+

: 2014

: ₿ 9,715

User Friendly

Bank transfer deposits

VISA/Mastercard deposits

Fiat withdraw

P2P market

Mobile App

No KYC

Demo trading

Decentralized wallet

Features

Spot trading

Futures trading

Margin trading

Options trading

Trading Bots

Copytrading

Staking & savings

Crypto loans

Airdrops & Launchpools

Fees

Trading fees:

Spot Maker Fee: 0.2%
Spot Taker Fee: 0.2%
Futures Maker Fee: 0.015%
Futures Taker Fee: 0.05%

Additional 10% fee discount when using our referral signup link.

Additional $711 signup bonus when using our referral signup link.

Fiat deposit fees:

View all deposit & withdraw fees

Safety

Exchange launched in 2014

Proof of Reserves

Volume & Altcoins

Number of altcoin pairs: 750

Last 24h trade volume (in BTC): 9,715

Read Review

Link bonus:

: $2,126

#11 Pionex

3.3/5

Zero fee bank transfer deposits for EUR, GBP, BRL – 40+ staking assets – Excellent trading interface – Good for beginners – 16 free trading bots – Low trading fees

: 400+

: 2019

: ₿ 54,412

User Friendly

Bank transfer deposits

VISA/Mastercard deposits

Fiat withdraw

P2P trading

Mobile App

No KYC

Demo trading

Crypto ATM cards

Decentralized wallet

Features

Spot trading

Futures trading

Margin trading

Options trading

Stocks, Commodities & Forex

Tokenized stocks

Trading Bots

Copytrading

Staking & savings

Crypto loans

Airdrops & Launchpools

Fees

Trading fees:

Spot Maker Fee: 0.05%
Spot Taker Fee: 0.05%
Futures Maker Fee: 0.02%
Futures Taker Fee: 0.05%

Additional $2,126 signup bonus when using our referral signup link.

Fiat deposit fees:

Visa/Mastercard: 1.2% EEA, 2.6%-2.8% other countries
SEPA (EUR): Free
GBP: Free

View all deposit & withdraw fees

Safety

Exchange launched in 2019

Number of users: 5 million

No Proof of Reserves

Volume & Altcoins

Number of altcoin pairs: 400

Last 24h trade volume (in BTC): 54,412

Read Review

Link bonus:

: $8,800

#12 Phemex

3.3/5

Up to $8,800 welcome rewards for new users – Cheap fiat deposits and withdrawals – Excellent UI – Demo trading and quick convert suitable for beginner traders – Optional KYC

: 500+

: 2019

: ₿ 9,281

User Friendly

Bank transfer deposits

VISA/Mastercard deposits

Fiat withdraw

P2P market

Mobile App

No KYC

Demo trading

Decentralized wallet

Features

Spot trading

Futures trading

Margin trading

Options trading

Tokenized stocks

Trading Bots

Copytrading

Staking & savings

Crypto loans

Airdrops & Launchpools

Fees

Trading fees:

Spot Maker Fee: 0.1%
Spot Taker Fee: 0.1%
Futures Maker Fee: 0.01%
Futures Taker Fee: 0.06%

Additional $8,800 signup bonus when using our referral signup link.

Fiat deposit fees:

Visa/Mastercard: 0.8% - 3.5%
ACH (USD): 0.08% to 2%
SEPA (EUR): 0.08% to 2%
GBP: 0.08% to 2%
SWIFT: 0.08% to 2%

View all deposit & withdraw fees

Safety

Exchange launched in 2019

Number of users: 5 million

Licenses & registrations: 4

Proof of Reserves

Volume & Altcoins

Number of altcoin pairs: 500

Last 24h trade volume (in BTC): 9,281

Read Review

Link bonus:

: $3,410

#13 PrimeXBT

3.5/5

Good signup bonuses – Operating since 2018 – No spot trading, only futures and CFDs – Fiat deposits and withdrawals – Trade stocks, indices, commodities and forex – Optional KYC

: 30+

: 2018

User Friendly

Bank transfer deposits

VISA/Mastercard deposits

Fiat withdraw

P2P trading

Mobile App

No KYC

Demo trading

Decentralized wallet

Features

Spot trading

Futures trading

Margin trading

Options trading

Stocks, Commodities & Forex

Trading bots

Copytrading

Staking & savings

Crypto loans

Airdrops & Launchpools

Fees

Trading fees:

Futures Maker Fee: 0.01%
Futures Taker Fee: 0.045%

Additional $3,410 signup bonus when using our referral signup link.

Fiat deposit fees:

Visa/Mastercard: 2.5% (min. $5)
SWIFT: No fee if over $2,500

View all deposit & withdraw fees

Safety

Exchange launched in 2018

Number of users: 1 million

Licenses & registrations: 4

No Proof of Reserves

Volume & Altcoins

Number of altcoin pairs: 30

Read Review

Link bonus:

: 10%

: $5,500

#14 Bitunix

3.3/5

Good for basic spot and futures trading – Over $5,000 in bonuses for new signups – No fiat withdrawals – Optional KYC – Cheapest spot trading fees

: 550+

: 2021

: ₿ 8,931

User Friendly

Bank transfer deposits

VISA/Mastercard deposits

Fiat withdrawals

P2P market

Mobile App

No KYC

Demo trading

Recurring & scheduled buy

Decentralized wallet

Features

Spot trading

Futures trading

Margin trading

Options trading

Trading bots

Copytrading

Staking & savings

Crypto loans

Airdrops & Launchpools

Fees

Trading fees:

Spot Maker Fee: 0.08%
Spot Taker Fee: 0.1%
Futures Maker Fee: 0.02%
Futures Taker Fee: 0.06%

Additional 10% fee discount when using our referral signup link.

Additional $5,500 signup bonus when using our referral signup link.

Fiat deposit fees:

Visa/Mastercard: 3.5%

View all deposit & withdraw fees

Safety

Exchange launched in 2021

Number of users: 3 million

Insurance fund: 5 million USD

Licenses & registrations: 3

Proof of Reserves

Volume & Altcoins

Number of altcoin pairs: 550

Last 24h trade volume (in BTC): 8,931

Read Review

Link bonus:

: $5,000

#15 Tapbit

2.7/5

Up to $5,000 in bonuses for new users – 3rd party deposits and withdrawals – Available in most territories including US & Canada – No KYC requirements

: 400+

: 2022

: ₿ 31,822

User Friendly

Bank transfer deposits

VISA/Mastercard deposits

Fiat withdraw

P2P trading

Mobile App

No KYC

Demo trading

Decentralized wallet

Features

Spot trading

Futures trading

Margin trading

Options trading

Trading Bots

Copytrading

Staking & savings

Crypto loans

Airdrops & Launchpools

Fees

Trading fees:

Spot Maker Fee: 0.1%
Spot Taker Fee: 0.1%
Futures Maker Fee: 0.02%
Futures Taker Fee: 0.06%

Additional $5,000 signup bonus when using our referral signup link.

Fiat deposit fees:

View all deposit & withdraw fees

Safety

Exchange launched in 2022

Insurance fund: 50 million USD

Licenses & registrations: 3

Proof of Reserves

Volume & Altcoins

Number of altcoin pairs: 400

Last 24h trade volume (in BTC): 31,822

Read Review

Link bonus:

: $50

#16 LATOKEN

2.6/5

Vast list of low-cap altcoins – Often the first exchange to list new tokens – Only spot trading – No fiat withdrawals – Deposits only via 3rd party gateways – Frequent airdrops & giveaways

: 1,200+

: 2017

: ₿ 3,548

User Friendly

Bank transfer deposits

VISA/Mastercard deposits

Fiat withdrawals

P2P trading

Mobile App

No KYC

Demo trading

Decentralized wallet

Features

Spot trading

Futures trading

Margin trading

Options trading

Trading bots

Copytrading

Staking & savings

Crypto loans

Airdrops & Launchpool

Fees

Trading fees:

Spot Maker Fee: 0.49%
Spot Taker Fee: 0.49%

Additional $50 signup bonus when using our referral signup link.

Fiat deposit fees:

View all deposit & withdraw fees

Safety

Exchange launched in 2017

Number of users: 1.5 million

No Proof of Reserves

Volume & Altcoins

Number of altcoin pairs: 1200

Last 24h trade volume (in BTC): 3,548

Read Review

#17 ProBit Global

2.6/5

Low volume – Spot only – No fiat withdrawals – Has card and bank deposits through multiple gateways – Plenty of low-cap altcoin gems – Optional KYC

: 800+

: 2017

: ₿ 4,295

User Friendly

Bank transfer deposits

VISA/Mastercard deposits

Fiat withdrawals

P2P trading

Mobile App

No KYC

Demo trading

Decentralized wallet

Features

Spot trading

Futures trading

Margin trading

Options trading

Trading bots

Copytrading

Staking & savings

Crypto loans

Airdrops & Launchpool

Fees

Trading fees:

Spot Maker Fee: 0.2%
Spot Taker Fee: 0.2%

Fiat deposit fees:

View all deposit & withdraw fees

Safety

Exchange launched in 2017

Number of users: 2 million

No Proof of Reserves

Volume & Altcoins

Number of altcoin pairs: 800

Last 24h trade volume (in BTC): 4,295

No-KYC FAQs:

Is using a No-KYC exchange illegal?
If trading crypto is illegal in your place of residence, then using an exchange regardless of their KYC policies is technically illegal.

You should always aim to comply with any local laws.
Are No-KYC crypto exchanges operating illegally?
Most crypto exchanges are registered in countries where they operate fully legally, and are often licensed by local authorities. Simply because they do not enforce the laws of some foreign country does not make them illegal.

There is no global regulatory framework or consensus that regulates crypto exchanges.
Do I need a VPN to access crypto trading on a No-KYC exchange?
Most exchanges avoid knowingly servicing customers from commonly restricted countries such as United States to avoid regulatory wrath, or at least unnecessary scrutiny. Traders who do not provide their identity information and access these exchanges from IPs in allowed countries are able to use them without issues.

In most cases, exchanges will use basic IP blocking to detect user location. Simply changing your IP address to a country without restrictions should be sufficient to use their full range of services.

This depends on each exchange, but for some using a VPN only during account registration is sufficient. For most, you will need to keep your VPN connection up during trading.

Also worth noting, many exchanges will not let you create accounts with ProtonMail or similar private email services. Use Gmail, Outlook, Yahoo Mail, or similar.
Is using VPNs illegal?
There are a few countries where VPN use is illegal, such as North Korea, Iran, Turkmenistan, Russia, and Belarus, to name a few. China doesn’t technically ban VPNs, but citizens are required to use those licensed by the government, which aren’t likely to provide the same protection as commercial VPNs.

In any case, you should check your local laws to ensure using a VPN is legal in your country.
Can an exchange ban my account if I’m in a restricted territory?
Absolutely. Accessing exchanges from countries in their restricted list is a violation of their terms of use and is grounds for an account suspension.

It’s always best to find an exchange that does not restrict traders from your country by using our Country filters.
Can I retrieve my crypto funds if my account is locked?
Even larger exchanges with KYC are known to turn a blind eye to traders from restricted territories. But, there is no guarantee you will be able to access your funds if your exchange account is suspended for violating their terms of service.

It’s highly recommended to keep the majority of your crypto assets in your personal wallets that you control, and use a small amount of your portfolio to trade with leverage. Withdraw profits often, and never withdraw fiat to your bank account if it's in a restricted territory.
Are there any ways to pass the KYC process?
You can obtain a Palau residency card if you need or want to pass KYC. Getting a Palau ID can be done online, and will provide you with a fully legal ID from a sovereign nation. Most exchanges, especially smaller ones, will accept this as a valid form of ID.
Can I deposit fiat without KYC?
You should check each individual exchange to see if this is possible. Most will not allow you to deposit fiat through bank transfers or debit cards without passing KYC first. Technically, submitting your bank details may already provide the exchange with your location.

To convert your local currency into crypto, first use a legitimate exchange available in your country (the so-called “fiat gateway”) with verified identity for your initial fiat to crypto purchase . For this, use our Bank Transfer Deposits or Card Deposits tags and find a reputable exchange available in your country.

Once you bought your first Bitcoin, Ethereum, USDT or some other cryptocurrency on your chosen fiat gateway, transfer the crypto assets directly to another exchange to enjoy trading without doing KYC and without restrictions.
Are there any trading restrictions if I don't KYC?
Exchanges without mandatory KYC will typically not impose any trading restrictions. You can trade any volume, on either spot or derivatives markets. You should also be able to access staking & savings and participate in launchpads.

To avoid losing access to certain features, don't forget to keep your VPN active if you are accessing an exchange from a restricted territory.

One common restriction on no-kyc exchanges are withdrawal amounts. You will typically not be able to withdraw more than 1-2 BTC per day. Exchanges have this limit to prevent large-scale money laundering or fraud.
How to withdraw fiat without KYC?
If you wish to withdraw your investment or earnings to your bank account, you should not do it on an exchange where you can't KYC. Instead, do the opposite process that you did when depositing fiat.

First, find an exchange operating legally in your country ("fiat gateway"). Then, withdraw crypto (BTC, ETH, USDT, or others) from your non-kyc trading exchange to your fiat gateway. Lastly, on the legal fiat gateway, convert your crypto to USD, EUR or other local currency and withdraw it to your bank account.

No-KYC Crypto Exchanges

Latest News

Trading Competitions

Promotional Events

Guides & Info

Active filters:

Sort:

#1 BitMart

#2 XT.com

#3 MEXC

#4 BingX

#5 LBank

#6 Bitrue

#7 CoinEx

#8 CoinW

#9 BloFin

#10 Poloniex

#11 Pionex

#12 Phemex

#13 PrimeXBT

#14 Bitunix

#15 Tapbit

#16 LATOKEN

#17 ProBit Global

No-KYC FAQs:

Latest related news: