List of 7 Crypto Exchanges Required No KYC Details
Data is the new fuel that runs the internet economy here all the giant internet players keep eye on your daily activities to sell products for getting into the profit position.
But cryptos emerged to change this equation of making a profit from data instead of giving power to each and everyone to run the internet economy.
Even cryptos prioritize privacy; you have to rely on the exchanges to use cryptos; those exchanges require KYC details means all your identification records like ID, license, etc.
Exchanges highlight their main motive for taking KYC details is regulations of governments or security reasons.
On the contrary, you know the reality if you prioritize privacy, that’s why there are now many exchanges offering no KYC details to join.
Here I made a list of 7 of them so that you don’t have to look anywhere else.
1. Block DX.
A P2P exchange operating since 2014 built on Blocknet Protocol which is open source and made for interoperability allowing public and private blockchains to communicate.
Since it is a completely decentralized platform, you don’t require any KYC details to use and no need to buy any crypto assets from the exchange; however, the exchange mimics the centralized exchange experience so that you can easily do trading.
Some of the features that make Block DX stand out are, no need to create an account for access, greater flexibility thanks to no withdrawal and trade limits, and trading pair freedom.
But to use this platform, you have to have Windows, Mac, or Linux powered desktop or laptop and the setup process is not as simple, but you can follow their setup guide to do the installation.
2. Changelly.
Changelly is considered the best platform to swap cryptos.
The platform has operated since 2013 and supports more than 150 crypto assets.
Even though the platform is not decentralized you don’t need to fill up any KYC details to swap your cryptos also platform is non-custodial but if you would like to exchange for BTC, you would need supporting cryptos such as Ethereum and Dash for all the exchange activities they charge a flat fee of 0.5% per trade.
In some cases, Changelly asks you to submit KYC details to ensure you’re not involved in shady activities like money laundering.
3. ChangeNow.
ChangeNow is a crypto exchange offering quick buying and swapping cryptocurrencies.
To use the ChangeNow you don’t need to provide any KYC details, heck you don’t even need an email address just go to the ChangeNow and choose to buy or exchange cryptos and provide the wallet or card details.
The quick buy supports more than 40 fiat currencies and Visa MasterCards, along with all the crypto assets.
However, to use more features of the platform, you have to sign up by email and be provided with some basic KYC.
4. Nominex.
Nominex is the new player in the market that started to operate in 2019.
On this list, Nominex is the first platform offering trading in many crypto assets and is available for all users.
For trading in Nominex, you don’t need any KYC details up to 3 BTC; this threshold is enough for the majority of crypto traders. Plus they also offer military security to all the funds which are stored in multisig cold wallets.
Even having a lot of good features the platform is new to the market, so they have to make a name for themself with more good features and simple UI design.
5. Bisq, aka Bitsquare.
Bisq is a decentralized exchange operating since 2014.
Like most P2P exchanges you don’t need any KYC or email address to use Bisq.
If you have used Block DX and BitQuick before and wish for an exchange that combines both exchange features, then Bisq is for you.
Bisq allows you to buy or sell Bitcoin for fiat currencies like Bitquick, but the difference is Bisq uses a 2-out-of-3 multisig wallet instead of escrow.
Plus, the platform takes care of your privacy by using TOR and not asking for any KYC documents. Also, Bisq doesn’t hold your coins or fiat money on the platform.
You can use Bisq only on laptop or desktop devices running on Windows, Mac, or Linux.
6. Phemex.
Like Nominex, Phemex is also new to the market based in Singapore operating since 2019.
Phemex is not the P2P platform like most on this list but you don’t need to submit any KYC details to access it.
And Phemex does not offer options trading and fiat currency support, so all your trades are made and settled in BTC also you don’t find crypto-to-crypto pairs to trade, instead offering crypto pairs, all the cryptos paired with USD.
One thing that makes Phemex stand out on this list is introducing the GOLD/USD pair that can be traded using Bitcoin with a maximum leverage of about 100x making Phemex one of the few exchanges offering commodity trading.
7. FixedFloat.
FixedFLot is a non-custodial exchange offering an instant crypto exchange.
To do any crypto exchange FixedFlot does not require any KYC details; you do it by simply providing the wallet address.
Currently, the platform supports more than 50 crypto assets along with the Bitcoin lightning network and gives you two options for fee selection which are Fixed and Float.
A fixed fee is a 1% fee that’s uniform for every transaction, and the Flot fee depends on the scale of the transaction. Its fees change according to the market exchange limits.
Conclusion.
You can use all the exchanges without worrying about submitting the KYC details.
But if you noticed all the exchanges on the list, nobody’s offering comprehensive trading options like centralized exchanges, making you rely on centralized exchanges to do robust trading.
By considering this limitation, I have added exchanges offering different trading options.
So if you got any useful insights from the post, then don’t forget to share it with your family and friends.