KYC (Know Your Customer) Is a process that exchanges perform to identify their users by verifying documents. Users are required to provide photos and submit documents such as passports, driver's licenses or identity cards to trade on their exchange.
KYC seems necessary to meet international regulatory standards. It has become an important part of building trust in the ecosystem.
By performing KYC; exchanges will be better able to position their businesses for the long-term growth and development of the platform. They will be able to establish the foundation as a legitimate business for large retail organizations and merchants. Furthermore, by implementing KYC, they will be able to serve their platform to a wider audience.
Nowadays, the majority of cryptocurrency exchanges require you to verify your identity before you can start trading. While this is beneficial for the exchange, most traders do not like to trade with KYC.
If you value your privacy and are looking for non-KYC crypto derivatives exchanges then check out the following trading platforms.
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Bybit is a popular crypto derivatives exchange based in Singapore, founded in 2018. It does not require KYC nor any withdrawal limit. It supports reverse perpetual contracts as well as USDT perpetual. Currently, it is one of the largest exchanges next to BitMEX in terms of trading volume.
Featured:
No KYC – Send money and trade anonymously.
Trade with up to 100x leverage.
Support 4 coins: BTC, ETH, XRP and EOS.
High liquidity.
No overload problem.
There is no withdrawal limit.
Strong security and 24 x 7 customer support.
Manufacturer's discount.
Offer new users up to $90 bonus for trading.
Phemex là một nền tảng giao dịch tiền điện tử mới ra mắt (2019) có cả hợp đồng giao ngay và hợp đồng tương lai. Cũng giống như bất kỳ sàn giao dịch nào khác, Phemex cũng cung cấp đòn bẩy gấp 100 lần và bạn hiện có thể giao dịch các đồng tiền sau: Bitcoin, Ethereum, Link, XRP, Tezos và Litecoin.
PrimeXBT trade is another advanced trading platform where you can trade Bitcoin, S&P 500, Gold, EUR/USD and 50+ assets. By opening a single account, you gain access to Cryptocurrencies, Stock Indices, Commodities and Forex markets.
It is one of the best platforms for margin trading ahead of its competitors. It has a well designed custom trading interface. Plus, you can trade on the go from your mobile device.
Featured:
100% privacy: No KYC and no withdrawal limit
Highest leverage
Access to the global market.
The commercial interface is extremely user-friendly and highly customizable.
Strong security with 24/7 customer support.
Primexbt Low transaction fees compared to competitors.
First time users get $350 welcome bonus
BTSE is another new crypto margin exchange. It has spot, OTC as well as futures and it supports a wide range of crypto assets. The only Bitcoin and altcoin futures exchange with margin and multi-asset settlement, 100x leverage and multiple fiat ons and off-slopes.
No KYC
Top Security & Unlimited Daily Withdrawals
All in one book order
Low fees
Bingbon is another new exchange that does not require KYC. Since it is a little known exchange, it does not have as much volume as other exchanges. Therefore, we advise you to trade with caution.
Anyway, the platform offers both perpetual contracts and inverse USDT. In addition, it supports Indices, Commodities as well as Forex which you can trade in USDT or BTC.
There is no KYC but there is a withdrawal limit of 5 BTC/day.
Supports multiple cryptocurrencies, indices, commodities and forex.
Copy transaction.
All the exchanges here have their own advantages and strengths compared to others. As a trader, you need to do your own research and choose the method that best suits your trading style.
We hope this list helps you to transact anonymously without risking your identity and personal documents.
Now before you go, we want to remind you that centralized exchanges are often vulnerable to attacks. So make sure not to keep all your crypto assets on a single exchange. Diversify your trading platform and, most importantly, send only what is necessary for your trading purposes.
Safe transaction!
So you have it. List of top derivatives exchanges without KYC. Do you know of any other reputable Bitcoin exchanges that do not require KYC? Please feel free to drop it in the comments below. Also, we will update this post if we come across any non-KYC exchanges in the future.
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