Traders can expect comprehensive educational resources, simple trading solutions, and the assurance that there is no KYC or documents needed when traders register for a live trading The greatest drawback of trading without KYC is the withdrawal limits. You can’t withdraw whatever you want. There must be some limitations. For Quotex, it varies from time to time. As 30/01/ · Can I Trade Without KYC? No. Regulations require that all users on the Bitazza platform must complete their KYC verification before being able to trade. This process is to 17/01/ · Can you trade on Binance without KYC? The short answer to the aforementioned question is ‘no’. One of the first things that potential user is asked to do before they are Can I Trade Without KYC? NO - All Users are required to complete the KYC process to access LYOTRADE products and services. HELP CENTER - Previous. Personal Account Verification ... read more
EvolveMarkets is still a little known Bitcoin focused broker that gives access to the global markets with institutional-like infrastructure, great liquidity, and most importantly freedom of cryptocurrencies.
The platform supports both MT4, and MT5 platforms, and browser-based access with MT5 Webtrader. Altcoin trading can be one of the most profitable concepts in cryptocurrency, there are thousands of different projects to choose from and quite a few exchanges as well.
To have access to as many coins as possible we suggest registering on each exchange below. These are the best crypto exchanges for altcoin trading.
Binance is a global cryptocurrency exchange originating from China, their headquarters moved to more crypto-friendly Island of Malta in the EU. This platform is great for both trading and buying providing more than cryptocurrencies to choose from. And is the biggest altcoin exchange in the world in terms of the trading volume. KuCoin is a great alternative to Binance, offering a wide variety of coins to choose from, they as well have the option fo purchase with a credit card and all in all are a great exchange to anyone looking to buy, sell or trade lots of different altcoins.
Pionex is a unique crypto trading exchange that comes out of the box with multiple cryptocurrency trading bots that you can implement instantly and automatically without knowing how to code. The platform offers one of the easiest approaches for automating cryptocurrency trading. Users can find bots from a variety of categories, such as arbitrage, grid trading, rebalancing, DCA, and more.
TradeOgre is one of the last standing original cryptocurrency exchanges that are still flying under the radar, offering simple trading experience without requiring any type of personal information. The exchange not only offers no KYC trading, but it also is highly specialized on supporting different type of private cryptocurrencies, including Monero, Zcash, PriveChain, and more. BitMax is one of the newest margin trading platforms. This platform offers a variety of different altcoins to choose from which you can trade against USDT and via margin.
it has great volume and easy to learn interface, overall this is a good exchange. Bibox is a cryptocurrency exchange and trading platform providing variety of different services and features to boost ones income and investment opportunities. CoinTiger is yet another great alternative to Binance, this cryptocurrency exchange provides countless coins to trade with, and the ability to withdraw up to 2 BTC daily without any kind of KYC documents.
BTC-Alpha is a new European cryptocurrency exchange with a variety of altcoins and with multiple base currencies including BTC, ETH, USDT, and USD.
Bitfineon is a fresh cryptocurrency trading exchange offering a variety of spot pairs to trade against BTC, ETH, and USDT. Poloniex was once the top altcoin trading platform but has lost a lot of its shine from then, mainly because of Binance, and KYC requirements. However Hoverwer this exchange is still great for US citizens and has been stable for a long time making them still an excellent choice for trading a large variety of different coins.
Having custody licenses, they meet all KYC and AML requirements. ProBit is a Korean based global cryptocurrency exchange offering a variety of lesser-known altcoins to trade with. The platform requires no KYC from citizens outside of Korea and is also available for US customers. HitBTC is an old school cryptocurrency trading exchange with a variety of spot pairs to choose from.
Although the exchange has gone through a questionable set of events, the platform is still standing and operational. Graviex is a fairly new altcoin focused cryptocurrency exchange. The platform offers some unique low-cap coins and easy to use interface. Nash is a unique easy to use a non-custodial trading exchange. However, anything above that and you are required to KYC yourself. The exchange also takes a heavy approach in monitoring your IP, for example, you are not allowed to use a VPN at all.
io is altcoin focused crypto exchange based in the Netherlands. io also offers different monthly plans for those that want to trade without commissions. com is a Bitcoin exchange started in This exchange is mainly focused on the Asian market but is also providing a wide variety of payment methods and fiat currencies you can choose to deposit including Payza, Western Union, Skrill, and Paypal.
Livecoin is a small-cap altcoin exchange providing countless coins to choose from. This exchange was founded in meaning they have a quite track record behind. The exchange also supports fiat currencies such as USD, EUR, and Russian ruble.
Overall this is a simple exchange with ease of use. Instant Swap stands for crypto exchanges that allow customers to swap Bitcoin and cryptocurrencies instantly in an easy way. Often these services do not require account creation, and they have a large variety of coins to choose from.
Xchange is one of the most advanced anonymous instant swap cryptocurrency exchanges today. The platform provides competitive rates, and high transaction volumes, it also operates both web, and CLI versions, and can therefore be utilized inside Tails, or Whonix operating systems.
StealthEX is a privacy-focused custody-free cryptocurrency instant swap exchange. Additionally, StealthEX swaps can also be done through the Telegram bot. SimpleSwap is a user-friendly instant cryptocurrency exchange without sign-up and upper-limits. SwapSpace is an instant swap service provider with no registration, and no pre-kyc requirements.
Evonax is a privacy and security first anonymous no KYC instant swap exchange operating since InstaSwap is one of the newest swaps providing seamless non-custodial exchanges of various trading pairs with fixed fees, and high limits.
InstaSwap also offers a quick purchases of various cryptocurrencies through their integrated marketplace feature. SideShift is also an innovative platform in the sense that it is one of the first offering Liquid Bitcoin L-BTC swaps.
ChangeHero is an instant swap crypto exchange that provides the ability to buy and sell over cryptocurrencies securely and instantly. Godex is an instant swap crypto exchange focused on providing seamless anonymized trades with no limits. ChangeNow is an instant crypto swapping service, and it has more than coins available for exchange.
CoinSwitch lets you trade over cryptos instantly without having to create account on any exchange. FixedFloat is easy to use automated instant swap cryptocurrency exchange offering various coins such as BTC, ETH, and XMR, with no KYC requirements. Exolix is an anonymous instant swap cryptocurrency exchange. The platform offers over coins to choose from, it also has no limits on swaps with fixed fees and no account registration.
Trading Account: Trade over instruments across crypto-currencies, Forex, commodities and global stock indices. Open an account in minutes with a small 0. EagleFX EagleFX. com allows all trading styles and Expert Advisors on MetaTrader 4.
Instant Execution Account: Trade 55 currency pairs, cryptocurrencies and CFDs on stocks, indices and commodities with instant execution. EagleFX supports all trading styles, including hedging and scalping on MT4. Market Execution Account: Trade 55 currency pairs, cryptocurrencies and CFDs on stocks, indices and commodities with market execution. Trade 46 currency pairs, 41 crypto-currencies as well as CFDs on precious metals, energies and stock indices with PrimeXBT.
PrimeXBT's trading platform was voted " Best Platform for Margin Trading " in the ADVFN International Finance Awards. PrimeXBT only accepts crypto deposits in the form of Bitcoin or stablecoins USDT or USDC. And if you don't already own crypto-currency, you can buy some through its website with your credit card. Start trading in under 40 seconds without ID verification on PrimeXBT. Trade 55 currency pairs, crypto-currencies as well as CFDs on commodities, stock indices and popular shares with flexible leverage up to times your deposit.
com supports the MetaTrader 4 trading platform, and accepts all trading styles, including hedging, scalping and news trading. Speed: with EagleFX and PrimeXTB, you can open an account in seconds and fund your account immediately after that. This will allow you to seize trading opportunities, when speed is a key consideration.
In contrast, most brokers will require that you provide proof of identity and proof of address, which may also may need to be certified. Anonymity: you'll be anonymous to your broker as they require neither proof of identity nor proof of address. If you trade with EagleFX. com you'll only need an email address and a telephone number to verify your account. If you trade with PrimeXBT, you'll only need an email address and may add Two-Factor Authentication for enhanced security.
On the other, not everyone has them. There are a million and one reasons as to why one might not have one or both of the document types which are required and the fact of the matter is that brokers that adhere to Know Your Customer rules do not care why you do not have them, instead, caring only that you don't.
Sharing your personal details presents its own set of problems, but when combined with sharing payment method details, the threat grows by leaps and bounds. When funding an account via credit or debit card, or even by bank wire transfer, you're going to have to share payment information.
This could include card numbers, account numbers, or other information which is best left private. Often, it is not the broker that requires that you share this information, but instead the payment processors and banks that work with the brokerage in order to accept deposits and issue withdrawals. When it comes time to make a purchase, most people immediately reach for their wallet or purse to grab a credit or debit card. Some think nothing of entering their card numbers online, while others go to great lengths to avoid doing so.
When making a card deposit with a Forex broker, you will need to share not only the complete card number but also card information such as the expiry date and special CVV code from the backside of the card. The broker may go one step further in asking you to send a photo of the physical card with all by the last four card numbers covered in order to help establish that you are in fact the owner of the card and payment account.
For larger deposits, in particular, bank wire transfers are often opted for. Wire transfers offer a more secure method of fund transfer but are of course the slowest of the available deposit and withdrawal options. In some cases, you may be asked to send a wire transfer receipt to the broker, and this receipt may contain a substantial amount of personal information. It should be possible to blackout any private details that are not pertinent to the actual transfer, but even this might not be enough to offer total protection.
Wire transfers also tend to be costly. The most important step to avoiding the KYC process completely will be to select a broker that allows you this right. The aforementioned broker, EagleFX , is one of the most reputable brokerages that now permit their clients to trade FX anonymously.
Their registration process requires that one only submit their first and last name, along with their email address. An email will be used to send important information to you, which includes confirmations, monthly activity statements, and much more. Because of this, you'll want to provide a real email address rather than a bogus one. The next step will be to only deposit and withdraw using a cryptocurrency such as Bitcoin. With other payment methods, the broker is required to collect your KYC documents, but are at liberty to bypass the requirement when the trader opts to conduct all of their banking transactions by way of digital coins.
This step is completely necessary, so if you've never purchased cryptocurrency in the past, now is the perfect time to become familiar with them. The purchasing and submission processes are actually quite simple and even better, take very little time to complete. There are a few potential problems with anonymous FX trading, but the bulk of these fall onto the broker.
KYC stands for Know Your Customer or Know Your Client in the financial world. It refers to the responsibility placed on financial institutions or in the crypto world exchanges to conduct specific identity and background checks on their user s before enabling them to access their platform or product. It is a system of a larger package of tools that regulators around the world employ to combat money laundering and scamming.
People tend to get skeptical when they need to leave personal documents on some platform, and since KYC requires it, there are some crypto investors who like to stay anonymous and avoid verification. Moreover, there is always a chance for human mistakes in processes that involve manual work. Due to lack of information, inadequate training, and security complications, some crypto organizations are at a greater risk of fraud because KYC checks depend on a person to authenticate the identification documents.
Finally, KYC can last for days on some platforms preventing you to use it until your verification is done. In this article, we will investigate the best crypto exchanges that do not require KYC. Based on our thorough investigation, the best no KYC crypto exchanges are ByBit , KuCoin , Binance , Phemex , FTX , Bisq , and HODL HODL.
Bybit is widely considered one of the leading crypto exchanges globally that were launched back in Ever since, Bybit has been climbing in the crypto world, and today, it has more than , active trades.
Bybit tends to be a global exchange available in all countries, and due to this, you can use the platform in English , Chinese , Traditional Chinese , Korean South and North Korea , and Japanese.
This exchange lets you use it without any KYC but keep in mind that you will have limited access. For instance, the withdrawal limit without verification is 2 BTC per day. If you decide to go through the verification process, then the limit will be increased to 50 BTC per day.
Please read our full review of the Bybit exchange here. Yet another popular crypto exchange that lets you trade and withdraws without KYC is KuCoin. Depending on your holdings over the previous 30 days , the trading costs on the KuCoin exchange drop below 0. The fees could also drop as you make more transactions.
Similarly to ByBit , the withdrawal limit for non-verified accounts is 2 BTC while it can go up to BTC for verified accounts. Please read our full review of the KuCoin exchange here. When we talk about the real giants among crypto exchanges, Binance is probably the first name that comes to mind.
This is one of the most popular crypto exchanges , if not the most popular crypto exchange in the world. In terms of the daily trading volume of cryptocurrencies , Binance is the largest cryptocurrency exchange in the world. It was established in and has Cayman Islands registration. Changpeng Zhao , a developer who had previously produced high-frequency trading software , launched Binance.
Traders who failed to complete their KYC verification had their withdrawal amounts restricted by the Binance cryptocurrency exchange. Please read our full review of the Binance exchange here. The Greek Goddess of fame and good repute, Pheme, gave the bitcoin trading platform Phemex a cheerful nickname.
Phemex Financial Pte. is the owner of Phemex , which was launched in November of in Singapore. Their stated objective is to uphold a user-oriented approach while becoming the most reliable bitcoin derivatives trading platform in the world. Like many other crypto firms of a similar nature, the corporation is offshore and registered in the British Virgin Islands.
Similar to ByBit and KuCoin , Phemex limits you when it comes to withdrawal if you do not want to go through the verification process. Unverified accounts can withdraw up to 2 BTC per day. Please read our full review of the Phemex exchange here. The high leverage token and index offer sets FTX apart from its rivals and establishes this platform in the financial world.
Advanced traders particularly enjoy it. FTX exchange operations, however, are headquartered in Hong Kong. FTX does require you to enter personal details to use the platform so the registration with email only is not enough , and you can use the exchange with limits if you do not go through KYC.
Please read our full review of the FTX exchange here. Upon investigating various exchanges, I found two where you can buy crypto for fiat money without KYC. Bisq is the first one. This exchange was founded to maintain the original spirit of cryptocurrencies above all Bitcoin , The original purpose of Bitcoin was to enable trading without relying on a centralized authority to approve or process transactions. However, Bisq does not rely on the conventional financial system, unlike other cryptocurrency exchanges with a similar goal that requires identity verification.
Bisq is a DAO , or Decentralized Anonymous Organization , rather than a business. This decentralized exchange supports various fiat currencies such as EUR , BRL , USD , GBP , CAD , CHF , SEK , AUD , THB , or NZD. Bisq is a peer-to-peer P2P exchange that supports pure and traditional blockchain characteristics that include decentralization , transparency , and anonymity.
Please read our full review of the Bisq exchange here. Similar to Bisq , HodlHodl is a peer-to-peer P2P cryptocurrency exchange platform that specializes in trading Bitcoin.
The platform was introduced in by London-based Hodlex Ltd. HodlHodl takes pride in its philosophy of anonymity , which specifically excludes users from any KYC or AML requirements.
Instead, HodlHodl mediators facilitate communication between buyers and sellers through the platform, assuring that everything complies with their escrow policy.
Please read our full review of the HodlHodl exchange here. Uniswap is one of the most popular decentralized exchanges for crypto-to-crypto trading globally at the moment. This is a decentralized network protocol-based cryptocurrency exchange. The business that created the Uniswap protocol originally went by the name of Uniswap. The protocol uses smart contracts to enable automated transfers between cryptocurrency tokens on the Ethereum network.
Before actually using Uniswap , you have to connect your Ethereum wallet to the exchange. Please read our full review of the Uniswap exchange here. SushiSwap is an Ethereum -based software program that aims to motivate a network of users to manage a marketplace where people may buy and trade digital assets. SushiSwap accomplishes this through a network of liquidity pools, much like platforms such as above mentioned Uniswap.
Crypto-to-crypto trading occurs when users secure assets in smart contracts , exchanging one token for another as they purchase and sell cryptocurrencies from these pools. The 1inch exchange lists more than 20 liquidity pools , including Kyber Network , SushiSwap , Balancer , and Uniswap. Users must initially sign up by connecting to their Ethereum wallet MetaMask, for instance , where they can deposit their contributions to the liquidity pool , lend their cryptocurrency assets to borrowers, and receive interest payments.
Users can select the assets they wish to trade and compare the best rates after connecting to the wallet.
Users can test out multiple exchanges using the DEX aggregator in order to determine their preferences and maximize their profits. Please read our full review of the 1inch exchange here. And last but not least, the decentralized exchange where you can do crypto-to-crypto trading without any KYC is Thorswap.
Liquidity providers can also contribute liquidity to each underlying liquidity pool, allowing BTC holders to receive income on native BTC no wrapped or pegged BTC necessary. Many firms in the cryptocurrency and financial sectors who want to continue to comply with AML regulations and standards find that the KYC procedure is essential.
These financial rules contribute to creating a secure and lawless environment where businesses can grow. Furthermore, KYC is used to prevent scammers from coming to the platform. When onboarding a new customer, it is advisable that KYC is performed, but it is best practice to repeat these checks periodically to ensure everything is in order.
This kind of account monitoring allows for faster detection of inappropriate actions. KYC can be super important for crypto platforms since the risk of onboarding users involved in money laundering, fraud, or other illegal actions like funding terrorism is eliminated via KYC processes.
This is crucial when hiring someone who may be a target for bribery or corruption because of their political exposure, such as a public figure. Because KYC is based on your biometric information and biometric verification procedures , it is impossible to track users.
Keep in mind that your data is not transferred across servers or other platforms. Your personal storage space is made, and your data is encrypted. You can perform crypto-to-crypto trading without any KYC on ByBit , KuCoin , Binance , Phemex , FTX centralized , Uniswap , SushiSwap , 1inch , and Thorswap decentralized.
Furthermore, you can buy crypto for fiat currency on Bisq and HodlHodl. Yes, you can exchange crypto for crypto on KuCoin without verification. You can buy ETH in exchange for fiat money on Bisq and HodlHodl. You can buy crypto anonymously on any exchange mentioned in this article. Yes, you can exchange crypto for crypto on Binance without verification. Moreover, you can withdraw crypto from Binance without KYC but with limits.
It depends on where you live. You can check what countries require ID verification on Paxul here. If you own any crypto, you can exchange it for USDT on ByBit , KuCoin , Binance , Phemex , FTX centralized , Uniswap , SushiSwap , 1inch , and Thorswap decentralized. On the other hand, if you want to buy USDT for fiat money , you can do it on Bisq or HodlHodl. Moreover, you can buy crypto for fiat currency on Bisq and HodlHodl exchanges.
CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses.
None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.
Felix Kuester works as an analyst and content manager for Captainaltcoin and specializes in chart analysis and blockchain technology.
He is also actively involved in the crypto community - both online as a central contact in the Facebook and Telegram channel of Captainaltcoin and offline as an interviewer he always maintains an ongoing interaction with startups, developers and visionaries. The physicist has couple of years of professional experience as project manager and technological consultant. Felix has for many years been enthusiastic not only about the technological dimension of crypto currencies, but also about the socio-economic vision behind them.
The greatest drawback of trading without KYC is the withdrawal limits. You can’t withdraw whatever you want. There must be some limitations. For Quotex, it varies from time to time. As 30/01/ · Can I Trade Without KYC? No. Regulations require that all users on the Bitazza platform must complete their KYC verification before being able to trade. This process is to 17/01/ · Can you trade on Binance without KYC? The short answer to the aforementioned question is ‘no’. One of the first things that potential user is asked to do before they are Can I Trade Without KYC? NO - All Users are required to complete the KYC process to access LYOTRADE products and services. HELP CENTER - Previous. Personal Account Verification 21/08/ · How to trade without KYC on Bitzlato How popular is the idea of trading without KYC? Well, its high popularity is perfectly demonstrated by Bitzlato — the site is growing at a 23/10/ · The most important step to avoiding the KYC process completely will be to select a broker that allows you this right. The aforementioned broker, EagleFX, is one of the most ... read more
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What that meant for you are, you will be able to exchange Bitcoin for Ethereum permissionlessly, and without KYC. Monday, August 29, trade without kyc BitShills March 29, at pm. It is a brokerage firm that performs globally, trade without kyc. Although the exchange has gone through a questionable set of events, the platform is still standing and operational. Nowadays there are loads of crypto exchanges asking you to provide all these important documents during the signup, deposit, or withdrawal process.