No KYC Crypto Exchanges List To Trade In 2020

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The cryptosphere has given birth to a new kind of economy, where you get the freedom to transact without any constraints and watchful eyes of tax agencies.

There are many crypto exchanges in the market that facilitate trades without the KYC and AML check, enabling full privacy and anonymity. However, while choosing a crypto exchange, you should take the utmost care and run a background check of the exchange to protect yourself from scams and frauds.

Therefore, to make your task cut short and easier, we have curated a list of no-KYC exchanges to choose from which are reliable and boasts a stable trading platform.

Best No KYC Crypto Exchanges In 2020

#1. CoinSwitch

CoinSwitch is more than a crypto exchange, it is an aggregator service that allows you to buy and sell cryptocurrencies at the best rates. 

It is an Indian based crypto start-up and is around since June 2017 and has completed over 1 million transactions to date. The exchange is backed by VC firm Sequoia Capital and acts as a one-stop point for all your crypto needs.

It supports buying/selling, trading in over 400 cryptocurrencies, alt-coins, and tokens. Further, it has over 100,000 crypto pairs from all major exchanges, allowing the seamless interchange of your crypto coins. 

The transaction fee is a little unclear, as it works with multiple exchanges. However, it ranges between 0 to 0.49%, which is dependent on the exchange you choose to trade from. 

In regards to payment methods, it supports credit card transactions in partnership with Simplex but allows only a few cryptocurrencies through the fiat mode. 

Why choose CoinSwitch?

  • No-KYC
  • One-stop solution for all your crypto requirement
  • Supports a wide range of cryptocurrencies
  • Fiat transactions
  • Easy to use

Check Out CoinSwitch

#2. PrimeXBT

PrimeXBT is a great platform for margin trading and is also a no-KYC exchange. It allows trading in cryptocurrencies, stock indices, forex, and commodities with higher leverage.

Established in 2018, PrimeXBT has become one of the leading margin trading platforms in a very short time. It gets an average daily trading volume of over $1.5 billion. One of the prime features of this exchange is it offers the highest leverage across all asset classes available for trading.

The platform supports trading in nine different crypto trading pairs in five different cryptocurrencies including bitcoin, Ethereum, Litecoin, Ripple, and EOS. It has an intuitive and fully customizable trading interface supporting advanced chart types, indicators, and advanced order types.

The exchange supports only BTC deposits and the minimum deposit limit is 0.001 BTC. And, the trading fee is 0.05% per trade, the lowest in the segment.

With PrimeXBT, you can set up your trading account in just 40 seconds with no hassles.

Why choose PrimeXBT?

  • Fast and easy setup process
  • Higher leverage and liquidity
  • Competitive trading fee
  • Advanced trading platform
  • Wide asset range

Check Out PrimeXBT 

#3. ByBit

An emerging P2P crypto derivatives exchange, ByBit was established in 2018 and is headquartered in Singapore. 

The exchange has over 1.2 million registered users and it specializes in perpetual swaps. It offers to trade in BTC/USD, ETH/USD, XRP/USD, and EOS/USD contracts with leverage of up to 100X on BTC/USD contracts and up to 50X on the rest of the trading pairs.

Some of the key features of the ByBit platform are one click coin swaps, unlimited withdrawals, advanced order types, intuitive platform interface, and advanced security system.

The exchange gets an average daily trading volume of over $1 billion, which indicates the market dept of the platform and ability to instantly execute orders. 

In regards to the trading fee, the exchange follows a maker fee and taker fee pricing model. It offers a maker rebate of 0.025% and charges a taker fee of 0.075%. The exchange only accepts BTC, ETH, EOS, XRP, and USDT deposits.

Why choose ByBit?

  • Solid platform interface
  • Higher liquidity levels
  • Competitive trading fee
  • Good customer support

Check Out ByBit

#4. KuCoin

KuCoin launched its services in September 2017 and is the preferred exchange option for alt-coins. The exchange lists some of the quality crypto projects with huge growth potential and can change the face of the industry. Further, it aims to provide users with an extremely secure and convenient trading environment. 

The exchange has successfully attracted investment from VC firms like IDG Capital, and Matrix Partners.

The exchange specializes in spot trading, margin trading, derivatives, mining pools, staking, and lending. It provides trading opportunities in over 400 different markers and has a very competitive trading fee rate structure. The exchange only supports crypto-to-crypto trading pair and has a daily trading volume of close to $100 million

Some of the key features of the KuCoin platform are powerful API interface, bank-level security of assets, fast processing trade matching engine, affiliation programs, and bonuses.

The maker fee and taker fee are both 0.1% and KCS holders are entitled to a discount of 20% and it does not charge any deposit fees.

Why choose KuCoin?

  • Solid and stable trading platform
  • Wide range of alt-coins
  • Transparent and competitive trading fee
  • Good customer support

Check Out KuCoin

#5. Binance

Binance is the leading cryptocurrency exchange in the market and is consistently ranked by trading volume. It gets an average daily trading volume of $4 billion, which indicates its popularity.

Established in July 2017, Binance was originally based in China, but due to strict regulations there, it finally moved out to Malta in the EU. Binance offers spot trading, derivatives trading, mining pools, lending, and branded crypto debit cards.

The Binance ecosystem is fueled by its native token BNB coin, ranked 8th by market capitalization. It supports trading in 100s of crypto-pairs and you can trade in futures contracts with up to 125X leverage. 

Trading on Binance is cheapest, and the trading fee is based on the last 30-day trading volume of the users. The maker fee and taker fee for initial level is 0.10%. And, if paying using BNB tokens, you are entitled to a 25% discount. 

Binance doesn’t support fiat deposits and withdrawals. For a non-verified account, the maximum daily withdrawal limit is 2BTC which is a lot. The daily withdrawal limit can be enhanced up to 100BTC by undergoing identity verification. 

Why choose Binance?

  • Reputed exchange platform
  • Solid trading interface
  • Lowest fees
  • Supports a wide range of cryptocurrencies
  • Good customer support

Check Out Binance

Conclusion: Best Crypto Exchanges Without KYC & AML

Applying the laws of the traditional financial system into the cryptosphere greatly restricts its efficiency and the purpose of its existence. Crypto exchanges with no KYC-AML policy tend to fare better and have better product offerings.

The above-discussed list of cryptocurrency exchanges does not require any KYC/ AML documents, and the account setup process is completed within minutes.

However, before registering with any exchange, always check its terms and policy document, more specifically the deposit and withdrawal rules. And, it is also a matter of safety for you to not share any of your personal information with any entity in the unregulated space.

If you want to share your ideas or thoughts, do write it in the comment box below. 

Sudhir Khatwani

Hey there! I am Sudhir Khatwani, an IT bank professional turned into a cryptocurrency and blockchain proponent from Pune, India. Cryptocurrencies and blockchain will change human life in inconceivable ways and I am here to empower people to understand this new ecosystem so that they can use it for their benefit. You will find me reading about cryptonomics and eating if I am not doing anything else.

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