Crypto exchanges can be either decentralized or centralized. Many crypto exchanges allow trades without performing KYC and AML checks, offering complete privacy and anonymity. To protect yourself from fraud and scams, you should exercise extreme caution while selecting an exchange and looking into its history.
In the banking industry, KYC stands for “Know Your Customer” or “Know Your Client.”Regulators use this system as part of a bigger collection of tools to combat money laundering and fraud. KYC requires personal info such as an ID card, passport, or utility bill, to finalize verification.
Some of the crypto exchanges without KYC measures include: 1. Bybit-best no KYC crypto exchange 2. PrimeXBT has no KYC and provides trading services for stocks, crypto, FX, and leverage. 3. AXX - Another no-KYC crypto exchange alternative is AAX, which is the greatest option for anyone searching for a wealth of advanced features.
4. Changelly - A centralized Altcoin trading business called Changelly does not force you to comply with KYC or AML requirements in order to use its services. 5. BaseFEX is a non-KYC cryptocurrency exchange that focuses on trading derivatives.
6. 1InchExchange - One of the top non-KYC exchanges for ERC20 tokens is maybe 1Inchexchange. You can use it as a DEX aggregator to find the best prices from decentralized exchanges like Uniswap, Sushi, and others. 7. MEXC is the best no-KYC cryptocurrency exchange for US citizens.
8. Bitfinex - This exchange consistently ranks among the best in the world. With more than ten years on the market, Bitfinex has consistently led the way in terms of technological innovation for trading digital assets. 9. KuCoin - began offering its services, becoming the top alternative coin exchange. The exchange features a number of high-caliber cryptocurrency projects that have the ability to transform the market completely
Step 1: Download and Fund your MetaMask Wallet Step 2: Connect your Crypto Wallet to the DEX Step 3: Buy Crypto without KYC
These are some of the best cryptocurrency exchanges with great product and feature offers that don’t require KYC. The best part is that opening an account only takes a few minutes. However, it is typically a good idea to check their terms and rules, especially their deposit and withdrawal procedures, before completing the registration process.