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Author: Admin | 2025-04-28
Centralized exchanges (CEXs) and decentralized exchanges (DEXs).CEXs have a central authority managing operations and holding user funds, and typically require KYC verification. DEXs operate on a decentralized blockchain network, providing users with full control over their funds without the need for KYC verification. While DEXs offer greater privacy, they have lower liquidity than CEXs.However, among CEXs, there are still those that allow customers to trade without submitting any documents, but they may have lower deposit and/or withdrawal limits and restricted access to certain features. Since those tend to offer lower risks, they’re on the top of my list. But don’t worry, I’ve included some great DEXs here too!In summary, KYC policies are an essential tool for preventing financial fraud in the crypto world, but they can be a turn-off for traders who want to stay anonymous. 1. MEXC – Trade Over 2,900 Cryptocurrencies Without KYC Ranks #1 out of 11 Crypto Exchanges Things we liked: + Spot and futures trading + Futures demo trading portal + Copy-trading tools + Low fees + Global availability Things we didn't like: - No NFT support - Limited fiat withdrawal options There’s no doubt that MEXC is one of the best no-KYC crypto exchanges. Why? Well, there are several reasons.Let’s start with the fact that while it does have KYC processes set in place, it also allows users to take advantage of most of its features completely without it. For example, you can:Create an account;Deposit crypto;Withdraw up to 10 BTC per 24 hours;Participate in spot and futures trading with over 2,900 cryptocurrencies;Participate in airdrops.You can definitely do a lot (and probably even more than is written in the list above). However, there are some limitations, too. Without KYC, you cannot buy crypto using fiat, withdraw significant amounts of crypto in the span of 24
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