7 Altcoin Exchanges With No KYC & AML

Looking for No KYC exchanges?

• Are you interested in buying altcoins without getting into the hassle of answering questions?
• Tired of going through the KYC process over and over again on crypto exchanges?
• Are you looking for options to evade the haggling KYC & AML processes?

If you are, you have come to the right place.

I am going to tell you about a few altcoin exchanges that allow you to trade without going through the KYC and AML check. Not only this, there are no withdrawal or deposit limits to stop you from buying/selling bags of altcoins.

Needless to say, this will be the norm once the decentralized exchanges increase their market share, which I think is going to take a while.

Tip: Its better to create a new email account using something like Protonmail which does not track your activities and use a browser like Brave or use any no logs VPN to accessing these no KYC exchanges more privately.

Until then, we can use these services, some of which are centralized and some of which are decentralized, to avoid KYC and AML to protect your privacy.

7 Altcoin Exchanges Without KYC & AML

1. Binance

Binance is one of the best cryptocurrency exchange that supports all popular Altcoins and let you use the platform anonymously. You don’t need to do KYC if your daily withdrawal limit is no more than 2 BTC.

For those looking for more than spot trading, you also get access to Margin and future trading on the same platform.

This exchange is registered in Malta and outside the jurisdiction of the USA, China or other countries that could ask for users’ data.

2. Changelly

Changelly, a centralized cryptocurrency swapping service, which does not push you to complete the KYC or AML in order to use its services.

There is no ID verification registration that you need to do for using their services. For enhanced security, you can even use this service with a VPN.

This method, however, requires you to have supporting altcoins like LTC/ETH/DASH etc to exchange for BTC or any other supporting currency. If you have altcoins, you can buy Bitcoins in seconds with no verification using Changelly.

Use Changelly Now

3. BitMEX

Bitmex is another centralized exchange that doesn’t require you to undergo AML and KYC for deposit and withdrawals.

Despite it being a predominantly BTC exchange, you will also find some altcoins like DASH, Cardano, Bitcoin Cash, Ethereum, Ethereum Classic etc.

When you use the Bitmex exchange, you need not worry about liquidity because it has a humongous volume of over 126,000 BTC with a ranking in the top 10 on CMC.

Join Bitmex

4. BitShares

BitShares is decentralized exchange based on graphene blockchain technology.

As it is a decentralized exchange, there is no need for any verification, KYC or AML, before using this service.

Opening an account on BitShares is quite easy as it doesn’t require any registration or KYC to start with. The only thing that you need to take care of is your login password and username because that is what will help you in case something goes wrong.

Your password will look something like: P5KSgr3tMUE4vLo9uwWJScsD5sQYg6BLa7QCT3e9XTe6C

The volume at the time of writing on this exchange is 1900 BTC which is fairly decent for a decentralized exchange with no AML or KYC.

Use OpenLedger Dex Now

5. Bisq (aka BitSquare)

BitSquare is a peer-to-peer marketplace for cryptocurrencies like BTC, ETH etc. It is a fully decentralized exchange which requires no name, email ID or verification so there is no question of KYC or AML.

Also, your privacy is secured because it uses Tor and doesn’t hold fiat or bitcoins on their servers or in their account. Currently, it supports 126 cryptocurrencies (including BTC) and is available on Windows, Mac, and Linux platforms. The trade volumes, however, are low.

The volume at the time of writing on this exchange is 4 BTC with 11 cryptocurrencies/crypto assets pairs listed on it.

Here is an introductory video on Bitsquare:

6. EtherDelta

EtherDelta is an altcoin exchange only for Ethereum based tokens also know as ERC 20 tokens.

It is also a decentralized exchange so there are no deposit or withdrawal limits or any requirement of AML or KYC.

The only drawback of this exchange is the speed as everything you do on this exchange is smart contract-powered and requires you to pay GAS price.

The volume at the time of writing on this exchange is 1308 BTC with 335+ cryptocurrencies/crypto assets pairs listed on it.

Note: Do not leave your cryptos on EtherDelta’s contracts. Instead, you can use this exchange safely without worrying about hacks via Ledger Nano S (Link Ledger Nano S & EtherDelta Article)

Join EtherDelta

Conclusion

I think not requiring AML and KYC will become more mainstream this year because a lot of decentralized exchanges are in the pipeline which may put the centralized exchanges under pressure to get rid of the KYC requirements.

Also, having AML and KYC goes against the basic tenant of decentralized currencies which is why we are witnessing the unprecedented development of decentralized infrastructure which is putting privacy at the forefront.

Well, that is all from my side.

Now it is time to hear from you: If you know more altcoin and cryptocurrency services that don’t require AML & KYC, share it with us in the comment section below.

Some hand-picked articles for further reading on CoinSutra:

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• Which Cryptocurrencies Are Supported By The Ledger Wallet?
• Best Ethereum [ETH] Wallets To Use In 2020
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Harsh Agrawal

An award-winning blogger with a track record of 10+ years. An international speaker and author who loves blockchain and crypto world.

After discovering about decentralized finance and with his background of Information technology, he made his mission to help others learn and get started with it via CoinSutra.

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