Exchanges without KYC: where can I trade anonymously?
About Crypto- 6 mins
Bybit
On Bybit, you can deposit and withdraw cryptocurrency as well as generate API keys without going through KYC.
Limitations: You cannot deposit or withdraw fiat money, and P2P trading is not allowed. There is a daily withdrawal limit for cryptocurrencies up to 20,000 USDT per day and 100,000 USDT per month. You can use leverage, trading bots, and spot and derivative markets without KYC. Products from Bybit Earn are only available with verification starting from KYC 1.Limitations: You cannot deposit or withdraw fiat money, and P2P trading is not allowed. There is a daily withdrawal limit for cryptocurrencies up to 20,000 USDT per day and 100,000 USDT per month. You can use leverage, trading bots, and spot and derivative markets without KYC. Products from Bybit Earn are only available with verification starting from KYC 1.
With KYC 1, the monthly cryptocurrency withdrawal limit is eliminated and the daily withdrawal limit is raised to $1 million. This makes fiat currency deposits, withdrawals and P2P trading available. KYC 2 unlocks all exchange options and raises the daily withdrawal limit to 2 million USDT. You must upload documents and selfies to receive KYC 1. Confirm your residential address for KYC 2 with a utility bill, tax return, or certificate of residence.
Phemex
Without KYC you can trade, deposit and withdraw cryptocurrency on Phemex exchange. There is no access to P2P trading. The daily deposit limit is 50 thousand USDT.
After verification it is allowed to withdraw funds in fiat currency. Restrictions on P2P trading are removed with KYC 1 (Basic Verification Type), and the maximum withdrawal amount is increased to 1 000 000 USDT or its equivalent in other cryptocurrencies or fiat currencies. You must provide your full name, address, date of birth, and document type and number for KYC 1 (passport, ID card, driver’s license). For KYC 2 (“Extended” verification), you must provide scanned copies of documents and photos.
Huobi
You can trade on the Huobi exchange without having to prove your identity, but there are limits to the amount you can deposit and withdraw daily, which is 1 BTC.
The term “Unconfirmed” refers to the initial level of verification. All customers receive it after registering and confirming their phone number or email address. P2P trading and deposits/withdrawals in fiat currency are not supported.
To get the “Basic” level, you must provide your full name, country of residence and date of birth. The “Basic” level allows you to withdraw up to 5 BTC in both bitcoins and fiat currencies daily. Additionally, it allows for P2P trading up to $999 daily. Only for “Basic Verification” (withdrawal limit of 200 BTC per day) you need to upload documents. The highest level of KYC is “Extended Verification” (withdrawal limit of 300 BTC per day). Huobi customers can also request an assessment of their investment potential to get “customized” limits.
MEXC
You can trade and deposit cryptocurrencies on MEXC without any authentication. The daily withdrawal limit is 20 BTC. Without authentication, you cannot make deposits or withdrawals in fiat money.
The KYC system consists of two levels of verification: “Basic” and “Advanced” levels. “Basic” increases the withdrawal limit to 80 BTC per day; you will need to provide your full name, date of birth, prove citizenship, and send scans of your ID documents. “Extended” verification requires selfies and proof of address. Extended Verification increases the daily withdrawal limit to 200 BTC, gives users access to fiat money and allows peer-to-peer trading.
BingX
Unverified BingX users can deposit and withdraw cryptocurrency, as well as trade on the exchange’s spot and futures markets. Restrictions – the daily withdrawal limit is $50,000 USDT.
There are no fiat payments on BingX, so you must use bitcoin for both deposits and withdrawals. For verification you need to provide your full name, passport number, ID-card or driver’s license, upload scans and take selfies. KYC expands daily withdrawal limits to 5 million USDT. No monthly limit is set.
Bitget
Bitget users can trade without going through KYC by depositing cryptocurrency to the exchange. The maximum amount that can be withdrawn is $50,000 per day and $100,000 per month. P2P trading, bank card deposits, account deposits and payment methods without verification are not supported. Trading instruments denominated in fiat money are also not available.
To be verified, you must provide your full name, country of residence, ID card, scans of documents and selfies. Verified users get access to the P2P zone and can add fiat money to their accounts. There are no more restrictions on trading instruments. The daily withdrawal limit has been increased to $3 million.
KuCoin
KuCoin users can trade and deposit cryptocurrency to the exchange without verification. There is a limit on withdrawals for customers who are not verified; it is a maximum of 1 BTC per day. P2P transactions are not available, and deposits in fiat money are prohibited.
To verify KuCoin, you need to install the exchange app on your phone, upload documents and take selfies. In addition, you can pass the verification in your browser. After passing KYC, your withdrawal limit is raised to 200 BTC per day. P2P trading starts with a daily limit of $500k. Verified customers can deposit and withdraw money via bank cards, accounts and payment methods.
Poloniex
There are two levels of authentication on Poloniex. After registration, users with a verified email receive KYC 1. With KYC 1 you can deposit bitcoins and buy them with a bank card.
If 2FA is not connected, there is a withdrawal limit of $10,000 per day. You can withdraw up to $50,000 per day with 2FA. The spot market does not support margin trading.
The withdrawal limit increases after KYC 2 to $500,000 per day without 2FA and to $1 million with 2FA. Margin trading starts after KYC 2. To pass the second level of verification, you must upload scanned copies of documents, confirm your residential address with a utility bill or tax return, and take selfies.
dYdX
A decentralized cryptocurrency exchange without KYC, dYdX was created using smart contracts on the Ethereum network. To trade on dYdX, you only need to link a cryptocurrency wallet (follow the instructions here).
There is no need to provide personal information or upload scans of documents. There are no restrictions on trading volumes or deposits/withdrawals. DYdX users have access to 5x leverage (up to 10x for BTCUSDC) when trading open futures. You can control your portfolio and the assets held in the respective wallet through the interface.
