Most recommended CEXs (centralized exchanges) sorted by ease of use, available features and trading fees.
Best exchanges for first time Bitcoin buy ranked by ease of use, payment options, and lowest fiat (local currency) deposit fees.
Cheapest exchanges ranked by Spot and Futures trading fees.
Exchanges with optional identity verification.
Safest exchanges based on transparency, age, regulatory approvals, and security measures.
Simply create an account using our links below to apply a permanent trading fee discount. There are no other requirements, costs or downsides for you.
Simply create an account using our links below to apply a permanent trading fee discount. There are no other requirements, costs or downsides for you.
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Most recommended CEXs (centralized exchanges) sorted by ease of use, available features and trading fees.
Best exchanges for first time Bitcoin buy ranked by ease of use, payment options, and lowest fiat (local currency) deposit fees.
Cheapest exchanges ranked by Spot and Futures trading fees.
Exchanges with optional identity verification.
Safest exchanges based on transparency, age, regulatory approvals, and security measures.
Simply create an account using our links below to apply a permanent trading fee discount. There are no other requirements, costs or downsides for you.
Crypto exchanges without KYC (know-your-customer) rules are attractive for traders from regions where cryptocurrency trading is restricted.
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
Good 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
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
Over $5,000 bonuses for new users – Trade Apple, Netflix, Microsoft, Tesla and other stocks – Trade SPX, NASDAQ, and other indices – Trade commodities like gold or silver – No crypto withdrawal fees – Great selection of low-cap altcoins – No mandatory KYC
Quick swap and recurring buys – Many fiat deposit & withdrawal gateways – Large amount of altcoins – Optional identity checks – Very low trading fees
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
Operating since 2015 – Good amount of altcoins – Easy card purchases through 7 different merchants – Deposits with bank transfers, Google Pay and Apple Pay
Prepaid virtual Visa available for nearly all countries – 3rd party fiat deposits and withdrawals – Non-mandatory KYC – Good number of altcoins on spot
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
Bank transfer & card deposits and withdrawals – P2P marketplace – Good staking yields – Optional KYC – Low liquidity – Very few futures trade pairs
Aimed at futures traders – High volume – Up to $5,000 in deposit and trade bonuses – No mandatory KYC
Up to $8,800 welcome rewards for new users – P2P marketplace – Has fiat deposits and withdrawals – Demo trading and quick convert suitable for beginner traders – Optional KYC
Good signup bonuses – Operating since 2018 – No spot trading, only futures – Fiat deposits and withdrawals – Trade stock indices, commodities and forex – Optional KYC
Good for basic spot and futures trading – Over $5,000 in bonuses for new signups – No fiat deposits or withdrawals – Optional KYC
Up to $5,000 in bonuses for new users – 3rd party deposits and withdrawals – Available in most territories including US & Canada – No KYC requirements
Vast list of low-cap altcoins – Often the first exchange to list new tokens – Only spot trading – No fiat withdrawals – No bank transfer deposits – Frequent airdrops & giveaways
Low volume – Spot only – No fiat withdrawals – Has card and bank deposits through multiple gateways – Plenty of low-cap altcoin gems – Optional KYC
Crypto exchanges without mandatory KYC policies are not common, because regulatory pressure keeps increasing each year. As exchanges get bigger and service more customers, they have to enforce Know-Your-Customer rules in order to be able to become fully licensed.
Smaller exchanges that are still flying under the regulatory radar are less strict about enforcing KYC on their customers. This is a blessing to many traders who are otherwise restricted from certain features, or even trading altogether.
Don’t miss reading our comprehensive trading with VPNs guide!
Crypto trading is still unregulated in many countries, and quite confusing in others. Even in the same country, such as Canada, trading can be allowed in one territory, and made illegal in another.
Many traders feel the current laws (and lack of them) are unfair, thus there is always demand for exchanges which do not enforce identity verification on all customer accounts.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
