Non-KYC & AML Bitcoin and Altcoin Exchanges: Top 5 for 2024

For those seeking the convenience of trading altcoins without the hassle of KYC (Know Your Customer) and AML (Anti-Money Laundering) processes, this guide provides insights into the top non-KYC & AML altcoin exchanges. With the increasing prevalence of decentralized exchanges, avoiding stringent verification processes is becoming more feasible. Until decentralized exchanges gain greater market share, the following platforms offer alternatives for privacy-conscious traders.

Tip: Enhance your privacy by using services like Protonmail for a new email account and utilizing privacy-focused browsers or VPNs when accessing these non-KYC exchanges.

Here are the top 5 altcoin exchanges without KYC & AML requirements:

1. MyCoinChange

Website: https://mycoinchange.co/

MyCoinChange is a prominent cryptocurrency exchange and mixer that supports various popular altcoins while enabling users to trade anonymously. The platform adheres to a strict no KYC and no logs policy, ensuring user privacy. As a centralized exchange, MyCoinChange does not compel users to complete KYC or AML procedures to access its services.

Notably, MyCoinChange does not require ID verification during registration. For enhanced security, users can employ a VPN while utilizing the platform. Registered in Sweden, this exchange operates outside the jurisdiction of countries like the USA and China that may require user data.

2. Binance

Website: https://www.binance.com/

Binance, one of the leading cryptocurrency exchanges, supports a wide range of popular altcoins and provides users with the option to trade anonymously. Basic usage on Binance does not necessitate KYC procedures.

In addition to spot trading, Binance offers access to margin and futures trading on the same platform. Registered in Malta, Binance operates beyond the reach of countries that may demand user data.

3. Bybit

Website: https://www.bybit.com/

Bybit is a well-known no KYC derivative exchange that facilitates trading in USDT perpetual and Inverse perpetual contracts. Users can trade cryptocurrencies such as BTC, ETH, XRP, EOS, and USDT coin without undergoing KYC verification. Bybit’s review provides further insight into the workings of this non-KYC exchange.

4. Bisq (aka BitSquare)

Website: https://bisq.network/

Bisq, also known as BitSquare, operates as a decentralized peer-to-peer marketplace for cryptocurrencies. With no requirements for names, email IDs, or verification, Bisq eliminates the need for KYC and AML procedures.

Bisq ensures user privacy through its use of Tor and its refusal to hold fiat or bitcoins on its servers or accounts. Supporting 126 cryptocurrencies, including BTC, Bisq serves as a privacy-focused option.

5. BitMEX

Website: https://www.bitmex.com/

BitMEX is a centralized altcoin exchange that does not mandate AML and KYC procedures for deposits and withdrawals. While primarily focused on BTC trading, BitMEX also provides options for altcoins such as DASH, Cardano, Bitcoin Cash, Ethereum, and Ethereum Classic.

BitMEX’s substantial trading volume of over 126,000 BTC and its ranking among the top 10 on CoinMarketCap reflect its popularity.

In Conclusion: Non-KYC Exchanges

The trend toward not requiring AML and KYC procedures is expected to become more prominent in the cryptocurrency space, driven in part by the rise of decentralized exchanges. This shift aligns with the fundamental principles of decentralized currencies, placing privacy at the forefront.

While decentralized exchanges continue to evolve, these non-KYC & AML exchanges offer privacy-conscious traders viable alternatives. As the cryptocurrency landscape evolves, the ongoing development of decentralized infrastructure will likely shape the future of privacy and security in cryptocurrency trading.

Your contribution is valued: If you are aware of more altcoin and cryptocurrency services that do not impose AML & KYC requirements, share them with the community in the comment section below.