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How to buy/exchange CRYPTO without any KYC?

By Justufak | Worldwide Crypto | 10 Sep 2022


A lot of people have thought about starting to invest in crypto but what really annoys them is that every cryptoplatfrom requires some sort of veridication and if you are not an internet type person pretty sure you aren't going to give them your passport or ID info (KYC).

Lets talk about some crypto exchanges that do no require KYC but first let's explain what KYC means and why is it needed.

WHAT IS KYC?

KYC is the first anti-money laundering due diligence stage. When providing KYC you give to the exchange some basic info like your ID or Passport and this is to assess the risk of customer's profiles based on their propensity for financial crime.

WHY DO THEY REQUIRE KYC?

Unless you are a criminal you have nothing to fear about KYC (except if it's some sort of sketchy website that requires KYC then just leave the website and use some of the popular platforms like BINANCE or  Crypto.com)

They require KYC in order to monitor your transactions for any money laundering.

CRYPTO EXCHANGES THAT DO NOT REQUIRE KYC.

KuCoinIf you use Publish0x you are likely to be familiar with it. Kucoin is currently the most popular crypto exchange that does not require KYC. Of course they have some limits for non-KYC users but if you aren't going full in crypto and you just BUY-HOLD-SELL then you will be fine by using KuCoin. You can sign up here.

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CoinEx: CoinEx is also a popular platform that does not require any KYC but it has its limits as well but like KuCoin if you don't want to go full in crypto you will be just fine using it. You can sign up here.

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PaxfulPaxful is similar to the other non-KYC platforms but it has an additional feature. In Paxful you can trade Gift Cards, in game items and for crypto. Be aware that by using Paxful you agree that you can trade without KYC but in order to withdraw on your actual wallet you will need to provide KYC. You can sign up here

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LocalCryptos: LocalCryptos is really similar to Paxful, You get to create offers, sell and buy with various payment methods.

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Justufak
Justufak

My name is Youssef. I love talking about crypto and teaching people how to get financially stable in their life.


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