The best bitcoin and cryptocurrency exchange without KYC.
Do you know that it is possible to buy bitcoin without KYC? That is, without giving your personal information. One of the major concerns for cryptocurrency users is their privacy. This concern is even greater when it comes to sharing such personal data as a photo of an identification document or a selfie.
However, most centralized exchanges ask for a lot of personal information from their users due to laws against money laundering and terrorism financing. In conclusion: It is very difficult to find exchanges without KYC.
But even though it's not easy, currently the cryptocurrency market is so vast that there are options for everything. Not only is it possible to find exchanges that don't require KYC, but there are also ways to use Binance without KYC. Don't worry, we have done the work for you and we explain it in this article.
What does KYC mean
KYC is the acronym for "Know Your Customer" in Spanish, which means "Conoce a tu cliente" in Spanish.
It is a process by which centralized exchanges request personal information from their customers to comply with laws related to money laundering and terrorist financing.
In most cases, this involves photos of the customer's national identity document and other verifications to ensure that it is not false and that it actually belongs to the registered person. Many times, surveys are also conducted with customers to find out where the funds they use on the platform come from. If the amounts they operate with are very high, it is also common for them to request pay stubs or employment contracts.
» Learn more in the article on What is KYC and why is it important.
Advantages of KYC-free exchanges
The main advantage of not performing a KYC is the protection of your personal data. This way, you ensure that you are more protected against attacks on the platforms and even against phishing attacks that will try to steal your data.
Other users use this type of anonymous exchanges to stay away from the risks associated with cryptocurrency taxation.
Whatever the motivation that has led you to protect your privacy, below we show you where you can buy cryptocurrencies without KYC.
Did you know that Metamask records your IP?
In a November 2022 review of Consensys' Privacy Policy, the parent company of MetaMask, it was introduced that the famous wallet would start collecting the IPs of its users when making on-chain transactions.
The difficulty in avoiding this (since Consensys also provides Infura, the most widely used RPC for wallets to communicate with blockchains) and the lack of certainty that other wallets are doing the same thing, has led many users to use VPN services.
These services allow you to mask your IP, which provides an extra layer of protection for both your anonymity and the security of your cryptocurrencies.
Since free VPN services often pose more of a security risk than help, many of us have decided to subscribe to a premium service. Among them, NordVPN offers the best value for money.
They usually have discounts of up to 40% if you go through the following link and subscribe to their annual plan.
If you don't have the money to subscribe to a VPN service, it is advisable to use a freemium service instead of a free service with questionable security. In other words, a free service that offers advanced options for a small fee. Among them, it is best to choose a quality service where you know that your privacy and security will not be compromised, and the most prominent of all may be AtlasVPN, the little brother of NordVPN.
Best exchanges without KYC
BingX: The best exchange without KYC
Bingx stands out in the market for its accessibility and user-friendly interface, allowing users to trade without the need to go through the KYC process, as long as they do not exceed a daily withdrawal limit of 20 BTC. Bingx offers:
- FIAT deposits through "Quick Buy" with Visa and Maestro cards, "Bank Deposit" via bank transfer, and payment providers such as MoonPay or Mercury, covering more than 30 different currencies.
- Cryptocurrency deposits, making it easy to transfer from other wallets or exchanges to Bingx.
- P2P platform, where users can buy and sell cryptocurrencies among themselves using a wide variety of payment methods such as Wise, Payeer, and Advcash.
These options make Bingx a versatile and convenient platform for users looking for flexibility in their cryptocurrency operations, while maintaining a high degree of privacy.
Trading on Binance without KYC
First of all, we want to introduce you to what, for us, is the best exchange without KYC. Not only because it maintains the anonymity of its clients, but also because it is one of the cheapest exchanges (you can even trade without fees) and because it allows you to trade on Binance without surrendering your personal data.
This exchange is none other than Nominex, a cryptocurrency exchange that is usually ranked among the top 40 to top 60 largest exchanges in the world, with daily volumes of several million dollars.
But besides that, Nominex is an official broker of Binance. What does this mean? It means that when you use Nominex you are actually making your purchases on Binance. Therefore, Nominex has the same trading pairs and liquidity as Binance.
Therefore, the best way to trade on Binance without KYC is through Nominex. If, before registering on this platform, you want to know why we say that you can trade on Nominex without fees, we recommend reading the article on exchange without fees.
In summary: This is the cheapest exchange and also allows you to trade with the same security and liquidity as Binance. However, if your motivation is privacy, Nominex presents a problem: It does not allow you to buy cryptocurrencies with a credit card without going through KYC, you will have to make your deposits in crypto. Don't worry, later on we will offer you two other alternatives where you can buy cryptocurrencies with a card and without surrendering your data.
Trading on Kucoin without KYC
Another one of our favorite platforms to buy bitcoin without KYC is KuCoin.
KuCoin is a platform born in Singapore that has positioned itself as one of the most used in the world, usually ranking in the top 5 of exchanges by volume. It currently has one of the most extensive token offerings in the market.
Furthermore, it has one of the most popular cryptocurrency futures platforms in the world. It can be used worldwide, so it can be used in countries where it is prohibited without the need for a VPN, such as Spain.
KuCoin is one of the best platforms currently available. However, we prefer Nominex because KuCoin does not have fiat coin deposits. In other words
Coinmama or how to buy cryptocurrencies with a credit card without KYC
Another widely used alternative is Coinmama.
Coinmama is an international exchange, widely used worldwide. Among its advantages is that it is not necessary to verify your account if you make purchases of less than $150 per day, so you can buy cryptocurrencies without going through KYC.
In addition, Coinmama offers an advantage over the previous options: It allows you to buy cryptocurrencies with a credit card without going through KYC.
Coinmama is a non-custodial exchange. In other words, to buy on Coinmama, you need an external cryptocurrency wallet, like MetaMask. This provides an additional layer of anonymity to protect your identity.
» You can learn how to obtain one in the following link: "How to obtain a secure bitcoin wallet".
Although at first glance this may seem like a disadvantage, it is not. Non-custodial exchanges allow you to have your cryptocurrencies directly in a digital wallet, which avoids risks associated with platforms, such as possible bankruptcies or hacks.
CoinEx another exchange where you can buy cryptocurrencies without KYC
Finally, we present you CoinEx, an exchange created by ViaBTC, a mining pool considered a leader in the market.
This platform is available in more than 100 countries and is very popular in Latin America. It is characterized by placing a lot of emphasis on the user experience and by trying to offer great support.
CoinEx may be the best exchange to buy bitcoin (or other cryptocurrencies) without KYC, due to the advantages it offers compared to the other options we have presented to you:
- It is a centralized exchange similar to Binance or Coinbase but very easy to use. So it's the perfect option if you are looking for simplicity and convenience.
- They allow you to buy cryptocurrencies with a credit card and without going through any KYC process.
- The only limits they offer for operating without KYC are withdrawal limits and up to $10,000 daily. For larger withdrawals, you will have to provide your data. But we insist, these are daily limits. You can space out your withdrawals over several days without providing any data to the platform if you manage a large amount of cryptocurrencies.
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