Some people value privacy more than anything else and in the crypto industry, both privacy and anonymity are amongst the most prioritized aspects. The nature of cryptocurrencies is allowing people to transfer value with ease without any third party being involved. This gives the opportunity for people to also seek trading platforms where trading cryptocurrencies comes with little to no limitations. The demand for anonymous bitcoin exchanges is out there, however, most anonymous crypto platforms run shady businesses and might not last for long.
There are also major exchanges who started out as anonymous ones who are now trying to comply with the slow regulations by implementing some form of KYC. On some it is mandatory, on others it is by choice but not completing the KYC procedure leaves your account with low limits for withdrawal.
The best anonymous bitcoin exchanges (No KYC) as of today are:
Binance is the biggest crypto exchange at the moment with one of the highest daily volume. This crypto exchange has the highest number of available trading instruments, providing one of the most robust trading environments. Binance has a KYC procedure which is not mandatory for its users. For non-verified users, there is a withdrawal limit of 2 BTC per day, which is enough in most cases.
Trading Options on Binance:
Binance is a highly lucrative anonymous bitcoin exchange while offering high security and numerous trading options. A large community is also there to assist you in telegram.
Kucoin is a highly diversified exchange similar to Binance, it has over 70 cryptocurrencies up for trading and up to 100x on KuMex (its native margin trading platform). Know your customer (KYC) is available as an option and if you decide to stay anonymous the withdrawal limits are fairly high up to 2 BTC per 24 hours.
Trading Options on Kucoin:
Kucoin is one of the exchanges that are not afraid to innovate and add more trading instruments to their portfolio. Over time additions like KUCLOUD, KCS Ecosystem, Spotlight, Arwen were added making the exchange one of the most jampacked places to trade.
Bitfinex is an exchange that had its share of mishaps over the years, nevertheless, it managed to emerge stronger than ever by adding more trading instruments and investment options for its users. Bitfinex headquarters are based in Hong Kong and it is one of the first exchanges that emerged in the early years of Bitcoin.
Trading Options on Bitfinex:
Till this day Bitfinex is still one of the strongest places to trade cryptocurrencies even with all of the controversies surrounding it. The high number of available assets and the brand that has been built around it makes the exchange one of the reliable places to trade on.
Bitmex is an anonymous leverage trading exchange where you can trade BTC, ETH, XRP, LTC, BCH, ADA, and EOS with adjustable leverage. Even though Bitmex is anonymous, users from the USA and sanctioned countries cannot trade on it due to regulatory pressure. Other than that Bitmex does not require its users to pass a KYC procedure to be able to fully use the platform’s instruments.
Trading Options on Bitmex:
Bitmex is an exchange full of controversies while managing to keep the number 1 spot for several years. There is one negative about the biggest bitcoin leverage trading platform – lack of innovation.
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Bybit is relatively new amongst the leverage trading exchanges. It has grown exponentially since day one. Offering high leverage trading and being one of the most stable trading platforms in the crypto industry, Bybit has taken over a sizable chunk of the margin trading market.
Trading Options on Bybit:
One big advantage of Bybit is the ease of use of their lackluster UI, providing the platform’s users with a well-built interface. One major advantage of the platform is its stability, as this exchange prides itself as one of the most stable bitcoin trading platforms on the market.
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BaseFEX, a next-gen leverage trading platform, up to pair with Bybit in some areas. The exchange offers up to 100x leverage on BTC pair and up to 20x on the rest of the 9 crypto pairs listed there. It also offers cryptocurrency trading against BTC, unlike most of the trading platforms that only offer to trade against USD.
Trading Options on Basefex:
Prominent companies like Big.ONE, inBlockchain and ZhenFun have backed BaseFEX, providing the exchange with a good fundamental basis. The exchange promised that they will never have a KYC procedure on their platform, therefore you can be sure that you can trade anonymously for the foreseeable future.
Deribit is a leverage trading platform that aims to deliver a highly stable product for trading Bitcoin and Ethereum. Recently, the platform introduced a KYC procedure with two levels that require you to add your Name, Address, and Date of Birth for Level 0, which will give you the option to make deposits and withdrawals with up to 1 BTC and 50 ETH per 24 hours. Level 1 identification requires ID documents which will give you access to higher withdrawal limits.
Trading Options on Deribit:
Even with the addition of a light KYC procedure, you can always trade anonymously on Deribit. If you are a trader who trades with small amounts, not passing level 1 KYC will not be a problem as the limits are fairly high for most people.
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Due to regulatory requirements, the major bitcoin exchanges implemented some form of KYC so they can continue to operate safely in some jurisdictions. Most of the platforms described above have some form of KYC or are completely anonymous.
Anonymous trading platforms have some advantages as they give a highly robust trading experience while mitigating the necessity to go through time-consuming procedures. The big advantage of anonymous bitcoin trading platforms is that you can register, deposit and start trading literally within a few minutes. Of course, not all of the anonymous trading platforms are safe and in the list above we have included exchanges that in our opinion have proven that they are reliable anonymous exchanges.