Looking for more freedom when it comes to buying, selling, and trading crypto? There are exchanges that allow you to do so without the hassle of providing KYC information. In this guide, we provide all the necessary info about such regulations – as well as a rundown on 6 different exchanges where users can transact with complete privacy.
What is KYC?
Know Your Customer (KYC) is a process used by exchanges to verify customers’ identities. This procedure helps exchanges comply with anti-money laundering regulations and fight financial crime. The verification typically requires users to provide identification documents such as passports, national ID cards, driver’s licenses, and utility bills.
Exchanges Without KYC
Thankfully, exchanges without KYC exist that offer customers more privacy. These exchanges do not require any documents or personal information from their users. This makes it easier for users to transact without having to provide sensitive personal data. Here are 5 exchanges where you can trade securely and privately:
KuCoin is a Hong Kong-based exchange that provides users with access to more than 300 digital assets. The platform does not require any KYC checks, allowing customers to remain completely anonymous when trading.
Kraken is a US-based exchange that offers its users access to more than 50 different digital assets. The platform does not require KYC checks for small deposits and withdrawals, making it an ideal option for anonymous trading.
MexC is a Mexico-based exchange that offers access to more than 30 assets. The platform does not require users to complete KYC checks, allowing customers to remain anonymous when trading.
Bitsquare is a decentralized exchange that allows users to buy and sell digital assets without having to provide KYC information. The platform is open source and designed to provide users with full privacy when trading.
LocalBitcoins is a peer-to-peer exchange that allows users to buy and sell Bitcoin without providing KYC information. The platform offers a wide range of payment methods, allowing customers to remain anonymous when buying or selling digital assets.
Uniswap is a decentralized exchange that allows users to buy and sell digital assets without providing KYC information. The platform is open source, meaning users can remain anonymous when trading.
Exchanges without KYC offer customers the freedom to trade securely and privately. We hope this guide has provided you with all the necessary info about exchanges with no KYC requirements as well as a rundown on 6 exchanges where users can trade with complete privacy.
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