If you’re looking for a no KYC crypto exchange, there are a few options you can consider. Coinbase is an example of a no KYC crypto exchange. Coinbase allows you to buy over 400 different cryptos, including Bitcoin, Ethereum, and Litecoin. Based in India, Coinbase was among the first exchanges to offer such services. It has completed over a million transactions and is home to more than six million users. Coinbase’s website is easy to use, and the process of signing up and using it is safe and secure.
Other no KYC crypto exchange options include Bitfinex, Ethfinex, and Changelly. Amongst these, Bitfinex has been around since 2016. Its customer support team is responsive and has been around for quite some time. The exchange supports over 100 cryptocurrencies and over 20 fiat currencies. In addition, it has no maximum withdrawal limits and requires no identification verification. You can use a different wallet address for each one.
No-KYC crypto exchanges should have a high upper limit on the amount of crypto you can withdraw. While exchanges may claim this is done to prevent exploitation by criminals, this practice is highly unnecessary and often makes no sense. A no-KYC crypto exchange won’t announce that it’s been hacked or seized before it touches withdrawals. It will also never tell you if your money is stolen or seized unless it’s in real trouble. One example of this is a Chinese futures exchange that halted all withdrawals because of troubles with police.
A no-KYC crypto exchange will not let you buy any crypto on its exchange without KYC, although there are some alternative methods available. The risk of identity theft is high with no KYC crypto exchange, as your uploaded documents can be sold on the dark web and used fraudulently by shady individuals. It’s therefore not worth risking the safety of your crypto investments by choosing a no-KYC exchange.
Crypton Exchange, a decentralized exchange, is another option. The crypto exchange offers a convenient, safe, and anonymous way to purchase and sell privacy-based coins. There are several crypto coins on the exchange, including Utopia’s stablecoin, and new privacy coins will be added all the time. However, despite its lack of KYC, Crypton Exchange stands out as a new generation “digital offshore”.
Another no-KYC crypto exchange is Centcex, which is also in the works. Like KuCoin, Centcex will use Proof-of-Stake consensus protocol. This protocol has fewer risks of hacking because it involves minors as validators. These individuals stake their tokens to keep the network running and create new blocks in the blockchain. This makes it impossible to link the person behind a transaction to an individual.