Crypto Exchange Without KYC


Share post:

There are two main crypto platforms: centralized (CEX) and decentralized exchanges (DEX). CEX are exchanges that operate officially. When users deposit their funds, they store them on CEX servers. That means that CEX is highly concerned about users’ funds’ security. To provide maximum safety for clients, CEX implements complex mechanisms on both the exchange level and the level of users’ accounts. 

CEX always provides different trading tools and earning opportunities for registered users. They are available after passing KYC verification and registration. 

KYC means “know your client”. It implies that the user sends documents and ID to an exchange office for checking. If no illegal activity was noticed in the past, one may proceed with registration and use all the tools available on the platform. CEX allows linking a bank card to your account, buying digital assets with fiat, converting crypto into fiat, and cashing them out through your card.

Examples of CEX:

  • Binance
  • WhiteBIT
  • Coinbase
  • Kucoin

Decentralised Cryptocurrency Exchange

Such platforms have no central regulatory body that would track the user’s transactions and keep track of illegal activities. Of course, DEX implies no verification and sometimes even no registration needed. That’s a cryptocurrency exchange without KYC. It means that users conduct transactions and deals directly between their wallets. Smart contracts are at the core of DEX. They execute transactions and, at the same time, have no control over coins. Users’ funds move between their wallets and do not stay on the exchange. In turn, the platform is not responsible for clients’ investments and transaction safety. On DEX, it is impossible to buy crypto with fiat.


  • SuchiSwap
  • PancakeSwap
  • UniSwap

P2P Cryptocurrency Exchange

P2P platforms have features of CEX and DEX. On P2P, you can also buy crypto with fiat, but you will most likely need to register. On the other hand, you are the only one who knows the private keys to your account.

To learn more about CEX and DEX, read the White blog. It describes all the peculiarities of these types of platforms and explains their advantages. 

Jennifer Wilson
Jennifer Wilson
She knows business processes and operations management inside out. As she understands all the challenges of running a small business firsthand, it’s her mission to tackle the topics that are most relevant to entrepreneurs and offer viable solutions.


Please enter your comment!
Please enter your name here

Related articles

Xiaomi 14T and 14T Pro tipped to debut in September! Here’s what we know so far

Xiaomi is reportedly gearing up to launch its next-gen Xiaomi 14T series, which will succeed the current 13T...

Updated List of Cheat Codes for GTA 5 on PC/PS4/PS5/Xbox

More than a decade after its release, GTA V continues to be classic and as captivating as ever,...

Sony Xperia 1 VI first look render images leaked! Get a peek into Specs

The Xperia 1 VI is expected to follow the release pattern of its predecessor, the Xperia 1 V,...

Chainsaw Man Chapter 163: Release schedule and where to read in English 

Chainsaw Man manga has picked up steam with its recent developments! The decision of mangaka Tatsuki Fujimoto to...