Top 6 Best No KYC Crypto Exchanges in 2025

If you’re looking to trade digital assets without sharing your personal information, you’ve come to the right place.

This guide explains everything you need to know about the best no KYC (Know Your Customer) crypto exchanges in 2025.

These platforms let you buy Bitcoin (and other cryptos) without verification, and without needing to submit identification documents. Along with greater privacy, this means faster transactions and, often, earlier access to new coins.

While the benefits of staying anonymous are appealing, it’s important also to understand the associated risks of using a platform like this: less protection if something goes wrong, and potentially higher prices compared to a regular crypto exchange.

With that in mind, let’s dive into the world of no KYC crypto exchanges and explore the best options. 

Best no KYC crypto exchanges overall for 2025

What are the best crypto exchanges without KYC?

We recommend eToro as the best no KYC crypto exchange in 2025. Here are three more exchanges that don’t require ID and which you can use right now.

4.6

eToro

Min. Deposit $100

Fees 1%

No. assets 3600+

Demo account Yes

Visit site

eToro review

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

4.5

Plus500

Min. Deposit $100

Fees From 2%

No. assets 2800+

Demo account Yes

Visit site

Plus500 review

This information is NOT relevant to EU residents who are to be serviced by EU subsidiaries of the Plus500 Group, such as Plus500CY Ltd, authorized by CySEC (Reg. 250/14). Different regulatory requirements apply in Europe, such as leverage limitations and bonus restrictions.

4.2

Coinbase

Min. Deposit $10

Fees Up to 0.6%

No. assets 150+

Demo account No

Visit site

Coinbase review

Top cryptocurrency exchanges without verification, reviewed

1. eToro. Best for beginners, copy-trading & demo-account

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4.5

Ratings

$100

Min. deposit

0% commission

Fees

3,600

No. assets

Yes

Demo account

Overview

We love eToro because it’s a trading platform built with beginners and casual traders in mind. The platform combines an interactive, social trading experience with an easy-to-use interface, making it ideal for novice traders.

The far-reaching catalog of more than 5,500 stocks and ETFs includes big names like Apple and Tesla, as well as smaller companies with high growth potential. You can start trading with as little as $10 using fractional shares if you’re on a tight budget.

One feature we particularly appreciate is the ability to interact with eToro’s 35 million users on any asset, market, or portfolio page. If you find traders whose strategies match your risk tolerance, you can copy their portfolios automatically using eToro’s flagship copy trading functionality. This is a great way to learn and potentially benefit from the expertise of more experienced traders.

If you don’t feel comfortable investing your cash straight away, you can use a free demo account, credited with $100,000 virtual dollars. This offers plenty of opportunities to try out a trading strategy that works for you across stocks, crypto, and options trading markets.

Highlights

No. of tradable assets	3600+
Min. Deposit	$100
ID verification required	Yes
Free demo account	Yes
Supported assets	Stock CFDs, ETF CFDs, Forex CFDs, Index CFDs, Commodity CFDs, NFTs, Crypto
Mobile trading app	Yes
Web trading platform	Yes
Regulatory bodies	ASIC, FCA, CySEC, FinCEN

Fees & Costs

Trading fees	Yes, on certain assets
Inactivity fees	Yes
Rollover/overnight fees	Yes, on CFDs
Withdrawal fees	Yes
Spreads	Yes, on certain assets
Conversion fees	Yes, for non-USD currencies

Pros & Cons

Great for beginners, simple to set up and get started Competitive, industry-leading commissions Popular ‘Copy Portfolios’ function lets you follow top traders Excellent customer service, with live chat support provided

Comparatively high fees for withdrawals and account inactivity Does not integrate with the MetaTrader platform High spreads on some assets

Read review Visit eToro

eToro offers real assets only, no CFD products. eToro securities trading offered by eToro USA Securities, Inc. (‘the BD”), member of FINRA and SIPC. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Invezz.com is not an affiliate and may be compensated if you access certain products or services offered by the BD.

2. Plus500. Best for international trading*

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4.5

Ratings

$100

Min. deposit

From 0.8%

Fees

2,800

No. assets

Yes

Demo account

Overview

We love Plus500 because it is one of the industry’s most transparent and reliable brokers. Its fees are clear and you’ll know exactly what you will be paying before you make a trade. Its technology driven platform gives access to futures contracts for some of the biggest indices.

Plus500 has something for all types of traders, no matter what level of experience. Its low margin requirements (starting at $100) and different contracts make it a top choice for day traders. At the same time, its trading academy is packed with educational content, perfect for beginners just starting. 

For accurate instrument availability, visit plus500.com.

The fees: Plus500 charges a commission of $0.49 per Micro contract and $0.89 per Standard contract (per side). There is an Auto-Liquidation fee of $10 per contract. Other exchange fees may be applicable and can be found on the CME group website. 

*Based on a comparison of 60+ leading brokers and trading platforms.

Highlights

No. of tradable assets	2800+
Min. Deposit	$100
ID verification required	Yes
Free demo account	Yes
Supported assets	Stock CFDs, ETF CFDs, Forex CFDs, Crypto CFDs, Index CFDs, Commodity CFDs
Mobile trading app	Yes
Web trading platform	Yes
Regulatory bodies	FSA, ASIC, FMA, FCA, CySEC

Fees & Costs

Trading fees	No
Inactivity fees	Yes
Rollover/overnight fees	Yes
Withdrawal fees	No
Spreads	Yes
Conversion fees	Yes

Pros & Cons

Free demo account for every user Secure broker, licensed by top-tier regulators Wide variety of CFDs to trade Several good risk management tools

No support on trading information and education Website isn’t brilliantly designed to help users find answers to their questions No MetaTrader trading platform compatibility

Read review Visit Plus500

This information is NOT relevant to EU residents who are to be serviced by EU subsidiaries of the Plus500 Group, such as Plus500CY Ltd, authorized by CySEC (Reg. 250/14). Different regulatory requirements apply in Europe, such as leverage limitations and bonus restrictions.

3. Coinbase. Best secure trading platform for all types of trader

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4

Ratings

$10

Min. deposit

Up to 0.6%

Fees

200

No. assets

No

Demo account

Overview

We love Coinbase because it’s the leading public crypto platform. Coinbase offers more than 170 cryptocurrencies to trade, a secure wallet to store your coins in, and automatic staking rewards on 10+ cryptos through Coinbase Earn.

Coinbase’s user-friendly platform simplifies the buying, selling, and trading processes, making it one of the top crypto exchanges for all levels of trader. But, Coinbase isn’t just an easy to use platform, it’s one of the safest and most secure. 

A public company brings transparency and renown, so you can trust that any money on Coinbase is safe and you’re sharing the platform with over 100 million other users. It stores 98% of customer assets offline in cold storage, minimizing the risk of theft. There is also insurance on all cash balances up to $250,000

The fees: Trading fees start from 0.6% but reduce the higher your trading volume. Bank transfer deposits and withdrawals are free, other payment methods may be charged. There is no fee for wallet-to-wallet crypto transactions but you will have to pay blockchain fees. Coinbase charges a 25% fee for its staking services.

Highlights

No. of tradable assets	150+
Min. Deposit	$10
ID verification required	Yes
Free demo account	No
Supported assets	Crypto, NFTs
Mobile trading app	Yes
Web trading platform	Yes
Regulatory bodies	FSA, FCA, NFA

Fees & Costs

Trading fees	Yes
Inactivity fees	No
Rollover/overnight fees	No
Withdrawal fees	Yes
Spreads	Yes
Conversion fees	Yes

Pros & Cons

Simple and easy to use interface Able to buy cryptocurrencies instantly with a credit or debit card Offers great security on its wallet Can use a variety of payment methods

Quite high fees for credit and debit card instant buys Poor customer support

Read review Visit Coinbase

4. Kraken: Best for simple, global cryptocurrency trading from your phone

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3.5

Ratings

$10

Min. deposit

0.10% - 0.26% (volume dependent)

Fees

90

No. assets

Yes

Demo account

Overview

We love Kraken because it’s a beginner-friendly crypto trading platform, one that’s designed to make it quick and convenient to buy and sell crypto on the go. The Kraken mobile app provides access to over 200 cryptocurrencies making it one of the most diverse platforms around. 

With an intuitive interface and many advanced features, the Kraken crypto app is suitable for those just starting, or experienced traders wanting to enhance their trading experience. The Kraken mobile app caters to different trading styles and preferences with spot, margin, and futures all available. 

Kraken’s mobile app also supports up to 5:1 leverage allowing you to amplify your position and potentially increase your returns. With such a wide selection of tokens available and a solid range of features and tools, the Kraken app is one of the top cryptocurrency trading platforms while on the go. 

The fees: Kraken charges a fee of between 0-0.26% on every crypto trade. There are no costs to set up an account and no flat trading fees.

Highlights

No. of tradable assets	200+
Min. Deposit	£10
ID verification required	Yes
Free demo account	Yes
Supported assets	Crypto, NFTs
Mobile trading app	Yes
Web trading platform	Yes
Regulatory bodies	FSA, AUSTRAC, FCA, MiFID II, FinCEN, FINTRAC

Fees & Costs

Trading fees	Yes
Inactivity fees	No
Rollover/overnight fees	No
Withdrawal fees	No
Spreads	Yes
Conversion fees	Yes

Pros & Cons

Cheap/ free deposits in EUR and cheap deposits for the USA Margin trading and Futures supported Transparency - it was the first exchange to carry out proof of reserves Low fees in comparison to other exchanges

Catered towards professional traders with large trading volumes Slow account verification in comparison to other brokers

Read review Visit Kraken

5. Uphold. Best for building long term wealth

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4

Ratings

$1

Min. deposit

$0

Fees

300

No. assets

Yes

Demo account

Overview

We love Uphold because it’s a regulated and transparent digital asset platform. Uphold is an excellent platform for discovering important new tokens early, making it ideal for investors looking to get in on the ground floor of emerging cryptocurrencies. 

Uphold offers a broad selection of coins, with over 250 tokens available catering to both seasoned and novice crypto traders. The platform regularly adds new assets allowing users to invest in promising projects before they gain mainstream attention. 

Uphold isn’t just a platform for investing early. One of the main advantages of using Uphold is its transparent and competitive fee structure. The platform does not charge for deposits or withdrawals, and trading fees are clearly stated. You can also trade between different asset classes including fiat currencies. 

The fees: Crypto spreads start from 0.9% and are usually lower than 1.3% for BTC and ETH. Other cryptocurrency spreads are higher. Average spreads on fiat currency are 0.2%. There is a $0.99 fee for transactions under $100 made with the Uphold card.

Highlights

No. of tradable assets	250+
Min. Deposit	$1
ID verification required	Yes
Free demo account	Yes
Supported assets	Crypto, Commodities,
Mobile trading app	Yes
Web trading platform	Yes
Regulatory bodies	FSA, FinCEN

Fees & Costs

Trading fees	No
Inactivity fees	No
Rollover/overnight fees	Yes
Withdrawal fees	No
Spreads	Yes
Conversion fees	Yes

Pros & Cons

Wide range of cryptocurrencies available Zero deposit and withdrawal fees Crypto wallets to store your coins Low minimum deposits and fast account set up

Spreads can be high for some cryptocurrencies Services vary depending on region Customer support is limited

Read review Visit

Terms Apply. Cryptoassets are highly volatile. Your capital is at risk.

6. Public. Best for AI analysis

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4

Ratings

$20

Min. deposit

Spreads

Fees

9,000

No. assets

No

Demo account

Overview

We love Public because it makes use of cutting-edge AI technology to enhance your trading and investing experience. Public’s AI-powered feature, Public Alpha offers personalized insights and recommendations through its natural language interface in real time. 

Public’s AI technology helps you make more informed decisions by analyzing massive amounts of data and providing actionable insights. These AI-driven insights are easily accessible and give users access to the latest advancements in financial analysis and trading. 

Not only do can you use AI to help your investments, Public is one of the lowest cost brokerage firms out there. You can invest in stocks and ETFs commission free. You can also buy and trade fractional shares and if you want to diversify, you can explore a range of alternative investments including music and film royalties. 

The fees: There are no fees for investing in stocks during regular trading hours in the US – 9.30am-4pm EST. There is a $2.99 fee for trades outside of regular hours. 

Highlights

No. of tradable assets	9,000 +
Min. Deposit	$20
ID verification required	Yes
Free demo account	No
Supported assets	Stocks, ETFs, Crypto, , ,
Mobile trading app	Yes
Web trading platform	Yes
Regulatory bodies	SEC, FINRA, SIPC

Fees & Costs

Trading fees	Yes
Inactivity fees	Yes
Rollover/overnight fees	No
Withdrawal fees	No
Spreads	Yes
Conversion fees	Yes

Pros & Cons

Commission free stock and ETF investing Share and compare your portfolio on a social trading platform Trade crypto, fractional shares, and alternative investments

You can't trade on margin or use leverage No forex, options, funds, metals, or bonds

Read review Visit

Cryptocurrency execution and custody services are provided by Apex Crypto LLC (NMLS ID 1828849) through a software licensing agreement between Apex Crypto LLC and Public Crypto LLC. Crypto trading on Public platforms is served by Public Crypto LLC and offered through APEX Crypto. Please ensure that you fully understand the risks involved before trading.

What is a no KYC crypto exchange?

A no KYC crypto exchange is exactly what it sounds like, a crypto exchange platform that allows users to buy, sell, and trade cryptocurrencies without the requirement to submit personal identification documents. 

This is in contrast to traditional exchanges like Coinbase which mandate KYC verification – that is, they make you submit a form of photographic ID – to comply with regulatory requirements. 

No KYC crypto exchanges are popular among cryptocurrency enthusiasts as they allow you to trade with privacy and anonymity. Both of these align with the original stance of cryptocurrency which values decentralisation and control over your data. 

While buying crypto with no KYC is appealing, it does come with significant risks and considerations.  The lack of stringent verification processes can make these platforms more susceptible to fraudulent activities and security breaches. That being said, many crypto users still prefer non KYC exchanges for many reasons. 

Most importantly, those reasons are privacy and speed. One of the main advantages of using a non KYC exchange is the ability to start trading immediately after creating an account. There’s no need to wait for a verification process to be completed. This is especially beneficial considering the market moves so fast. 

For example, Binance, one of the world’s largest exchanges, has a no KYC option for transactions below certain thresholds, allowing users to trade without extensive verification.

How to choose a no KYC crypto exchange in 2025

With so many exchanges available, it’s important to make sure you consider your options when deciding which platform to use. We asked our cryptocurrency experts for their advice and tips on how to choose the best no KYC cryptocurrency platform: 

Prioritise security features

Typically, no-KYC crypto exchanges aren’t regulated by top tier financial regulators, like the SEC. In order to comply with SEC regulations and offer services to US users under their jurisdiction, a platform has to ask you for ID documents to set up an account.

These measures are designed to prevent fraud and money laundering (or are an example of SEC overreach, depending on your perspective). The trade off for using a no-KYC exchange is that you don’t benefit from the protection this provides.

Instead, you need to consider other ways of ensuring your money remains safe. For example, 2FA (Two-Factor Authentication) at sign in, customer funds kept in cold storage, encryption protocols, and an independent third-party audit are all essential. Look for these before you sign up to any exchange. 

Evaluate trading fees

Many no KYC cryptocurrency exchanges try to attract new customers with competitive trading fees, but it’s essential to understand the full cost implications of using a platform.

Don’t just think about trading fees, but also take into account payment fees as some platforms charge for withdrawing your assets. There may be other fees as well. Compare the fee structure of the top no-KYC exchanges below.

Check for liquidity

If you want to trade efficiently, liquidity is crucial. Make sure the exchange you choose has high trading volumes and a wide selection of trading pairs. Higher liquidity means you can buy, sell, and execute trades faster and at better prices. 

Good liquidity also reduces the risk of slippage, which is when the price of an asset changes after you have placed an order but before it has executed. Slippage in low liquidity markets can eat into your bottom line very quickly, while not being able to sell an asset when you want to can also be a major problem.

Assess the range of supported cryptocurrencies

Almost all no-KYC cryptocurrency exchanges will offer the likes of Bitcoin and Ethereum, but you should look for one with a diverse range of markets. This not only gives you more trading options but also lets you diversify your trading portfolio. 

Some no-KYC exchanges also specialise in specific types of assets or markets, such as crypto futures markets, ERC-20 coins, or those built on the Solana or Base blockchains.

Review user experiences and reputation

The easiest way to find out if a non KYC crypto exchanges are worth your time and money is to use real customer reviews. Look at sites like Trustpilot where you’ll find real reviews from real customers allowing you to easily evaluate the reputation of the platform. 

You can also check forums, and social media platforms like X or Telegram to gain valuable insights. Pay attention to any recurring issues or red flags. Compare the latest user reviews of the top no-KYC crypto exchanges below.

Test the user interface

Before choosing a platform it’s a good idea to take the time to explore its interface to ensure its design meets your needs. Many of the top non KYC crypto exchanges can be complex and overwhelming for beginners. 

If you’re new, it can be beneficial to stick to one of the bigger names, such as Uniswap. 

Consider the exchange’s jurisdiction

The main focus of a non KYC crypto exchange is privacy, but that doesn’t mean you shouldn’t consider the environment in which it operates. Some jurisdictions offer better consumer protection than others and have more favourable regulations. 

Platforms that comply with US regulators or which are based in the US, for example, typically offer far greater investor protection than those based outside. Understanding the legal standing of any platform can help you stay safe.

How to buy crypto without KYC verification

You can buy crypto without KYC verification fairly easily and the process isn’t that different from a traditional exchange. Use our short step-by-step guide below to learn how to buy crypto without know your customer verification. 

What are the fees for crypto exchanges with no KYC?

Fees on no-KYC exchanges vary significantly depending on what sort of platform it is. Top decentralized exchanges like Uniswap tend to have very low fees, as there are no overheads or employees.

On the other hand, P2P exchanges can be very expensive because the price you pay for each crypto depends on what the other person charges. In these situations you pay a high premium for anonymity.

Regular crypto exchanges sit somewhere in the middle. If you use a regular exchange with no-KYC features like Binance, the trading fees can still be very competitive. Here’s a look at the cost of trading with the top no KYC exchanges.

Should I use a non KYC crypto exchange?

Whether you use a no KYC cryptocurrency platform ultimately boils down to personal preference and your own circumstances. There are many advantages to using these types of cryptocurrency exchanges such as fast onboarding, no need to provide personal information, and faster transaction times. 

Non KYC crypto platforms also often provide a wider range of cryptocurrencies. So if you’re an active trader who values anonymity and privacy, a no KYC exchange is a good choice. 

On the flip side, the lack of verification opens the doors to potentially higher vulnerability to fraud and regulatory uncertainty. It’s crucial to weigh the risks against the benefits and go with the option you’re most comfortable with. 

What are the risks of using a no KYC exchange for crypto?

We’ve already discussed some of the risks associated with using an anonymous crypto exchange earlier on this page. Here’s a quick look at the benefits and risks side by side so you can make an informed decision. 

Bottom line

No-KYC crypto exchanges allow users to trade cryptocurrencies without requiring identity verification, offering significant privacy and accessibility benefits. Users can quickly and anonymously start trading, preserving their personal data and catering to individuals lacking official identification. 

These platforms align with the decentralized ethos of cryptocurrencies, providing an inclusive entry point for beginners. However, no-KYC exchanges pose security risks, such as increased potential for fraud and limited recourse in disputes. They often face regulatory challenges, risking shutdowns and legal issues for users. Additionally, they may offer restricted features, limited customer support, and struggle with reputation and financial institution partnerships.

Methodology: how we chose the best no KYC crypto exchanges

Helping people make better financial decisions is at the heart of our mission at Invezz. 

We periodically test more than 48 no-verification cryptocurrency exchanges to provide our users with clear, accessible guidance on the investing options available. All testing is carried out by our panel of crypto experts, analysts, and active traders who sign up to each exchange, conduct research, and score each service.

Our tests are designed to find crypto exchange platforms that offer a beginner-friendly, secure trading experience at a fair price and without the need for ID verification. To supplement our practical testing and experience, we research each exchange to gather any further relevant information. We read online customer reviews, app reviews on the Play Store and App Store, and conduct user surveys to get feedback from real people about what works, and what doesn’t.

Each no KYC crypto exchange is awarded a final score based on 130+ data points across 8 ranking categories: cost, reliability, user experience, deposit & withdrawals, investing options, range of products/markets, research & analysis tools, and the availability of educational & learning resources.

We work closely with individual crypto brands to ensure all factual information displayed here is accurate. All data is then fact-checked by an independent reviewer. You can learn more about our expert panel and how we test, rate, and review platforms in our review process. 

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