Cryptocurrency derivatives exchanges that don’t require KYC verification
No KYC Exchanges: Looking for cryptocurrency derivatives exchanges where you can leverage trade Bitcoin & Altcoins without KYC verification? Then look no further!
Here this post has a collection of best, most reputable and secure trading platforms that require no KYC verification. Meaning you don’t have to submit your ID proofs to use these exchanges. Just register using email, deposit and start trading anonymously.
Below you’ll find the full list of derivatives exchanges and futures trading platforms with no KYC and with partial KYC. Jump to the list to pick your trading platform. If you are not in a hurry then let us first understand why most of the exchanges in the industry are implementing mandatory KYC.
BitMEX – The need for user verification
BitMEX is one of the oldest, most advanced and the leading cryptocurrency derivatives exchange. Many cryptocurrency traders and professional investors trade on BitMEX for the following reasons.
- No KYC requirements
- High Liquidity
- High Leverage
- Altcoin Futures
- Secure and robust platform
But unfortunately BitMEX have just implemented mandatory KYC for all users irrespective of their trade size. Not to worry. According to their KYC policy user’s got time until February 2021 to complete the identify verification. Till then you can still deposit, trade and withdraw without verifying your identity.BitMEX – Get 10% Fee Discount
But why KYC?
KYC (Know Your Customer) Is a process that exchanges implement to identify their users by verifying documentations. Users are asked to provide photograph and submit documents such as passport, driving license or national ID in order to trade on their exchange.
KYC seems necessary in order to meet the international regulatory standards. It has become a critical part of building trust in the ecosystem.
By implementing KYC; exchanges will be able to better position their business for long term growth and development of the platform. They will be able to establish the platform as a legitimate business for large retail traders and institutions. Moreover by implementing KYC they will be able to serve their platform to wider audience.
These days majority of cryptocurrency exchanges ask you to verify your identity before you can start trading. While this is beneficial for the exchange most traders don’t like to deal with KYC.
If you value your privacy and are looking for non KYC crypto derivatives exchanges then check out the following trading platforms.
Derivatives exchanges with no KYC
This post is only focused on derivatives exchange and futures trading platforms. This does not include spot, peer to peer or instant swap exchanges.
You can leverage trade Bitcoin, Ethereum and other top cryptocurrencies on the following exchanges without giving your valuable private information.
|Bybit||-0.025% (Maker), 0.075% (Taker)||up to 100x||Visit Bybit|
|Phemex||-0.025% (Maker), 0.075% (Taker)||up to 100x||Visit Phemex|
|BTSE||-0.01% (Maker), 0.060% (Taker)||100x||Visit BTSE|
|DueDEX||-0.025% (Maker), 0.075% (Taker)||100x||Visit DueDEX|
|Bingbon||0.075%||up to 150x||Visit Bingbon|
Learn More: Maker and Taker fees explained
Currently these are the only derivatives exchanges that requires no KYC at all. You can use these exchanges anonymously. However do note the following.
Note: These exchanges operate in jurisdictions that don’t require KYC. However due to quickly evolving cryptocurrency regulations in many countries these exchanges may even introduce mandatory KYC in the future. Keep that in mind. Also do your own research before you deposit and do not leave all your crypto’s on one exchange.
We’ve listed these exchanges based on their trade volume, age and reputation.
Bybit is a popular Singapore based cryptocurrency derivatives exchange which was established in 2018. It requires no KYC nor has any withdrawal limits. It supports inverse perpetual contracts as well as USDT perpetual. Currently it is one of the top most exchange next to BitMEX in terms of trade volume.
- No KYC – Deposit and trade anonymously.
- Trade with up to 100x leverage.
- Supports 4 coins: BTC, ETH, XRP and EOS.
- High Liquidity.
- No overload issues.
- No withdrawal limits.
- Robust security and 24 x 7 customer support.
- Maker rebates.
- Gives new users up to $90 bonus to trade with.
Phemex is a newly launched (2019) cryptocurrency trading platform that has both spot and futures contracts. Just like any other exchange Phemex also offers 100x leverage and you can currently trade the following coins: Bitcoin, Ethereum, Link, XRP, Tezos and Litecoin.
- Trade anonymously – No KYC needed
- Supports up to 100x leverage
- Supports wide range of Cryptocurrencies and also has Gold futures.
- No withdrawal limits.
- Maker rebates.
- New users get up to $80 bonus
PrimeXBT is another advanced trading platform where you can trade Bitcoin, S&P 500, Gold, EUR/USD and 50 + assets. By opening a single account you get access to Cryptocurrencies, Stock indices, Commodities and Forex markets.
It is one of the best platform for margin trading which is ahead of its competitors. It has a well designed customized trading interface. Plus you can trade on the go from your mobile device.
- 100% privacy: No KYC and no withdrawal limits
- Highest leverage
- Access to global markets.
- Ultra user-friendly and highly customizable trade interface.
- Robust security with 24 / 7 customer support.
- Low trading fees compared to its competitors.
- First time users get $50 welcome bonus
BTSE is another fresh crypto margin trading exchange. It has spot, OTC as well as futures and it has support for variety of crypto assets. The only Bitcoin and altcoin futures exchange with multi-asset margin and settlement, features 100x leverage, and multiple fiat on and off-ramps.
- No KYC
- Top security & Unlimited daily withdrawals
- All in one order book
- Low fees
- $100 Bonus on first deposit.
DueDEX is a simple and fair cryptocurrency derivatives trading platform. It offers perpetual swap contracts with up to 100x leverage. Currently it only supports 2 products such as: BTC / USDT perpetual and ETH / USDT perpetual.
- Trade without KYC.
- Low latency.
- Earn maker rebates.
- 24/7 live multilingual and multi-channel customer service.
- Get up to $70 in welcome bonus.
Bingbon is another new exchange that requires no KYC. Since it is a little known exchange there is not much volume as other exchanges. So we advise you to trade cautiously.
Anyways this platform offers both inverse perpetual and USDT contracts. Also it has support for Indices, Commodities as well as Forex which you can trade using USDT or BTC.
- No KYC but there is a withdrawal limit of 5 BTC / day.
- Supports wide range of Cryptocurrencies, Indices, Commodities and Forex.
- Copy Trading.
Leverage trading platforms with partial KYC
While the above exchanges which we listed requires no KYC following are the list of exchanges that requires partial KYC.
Many exchanges operate partial KYC and the ones that requires partial KYC usually have a withdrawal limits. It means you can register, deposit and start trading without completing KYC verification process. However there will be a withdrawal limit.
If you want access to more features offered by the exchange or if you’d like to raise your withdrawal limits then you’ll have to complete personal verification. If you are a trader who trades with small position sizes then you can still trade on these platforms anonymously without KYC checks.
1. Binance Futures
Binance Futures is a futures trading platform by Binance. As you know it is the top most futures trading platform in terms of trade volume.
It offers USDT futures, coin futures as well as leveraged tokens. Moreover this platform has support for most of the popular altcoins. It features low trading fees, offers leverage up to 125x and has vast range of crypto assets.
You don’t have to do any KYC checks if your daily withdrawal limit is less than 2 BTC.Join Binance Futures
BitMax is a global digital asset trading platform founded by wall street quant trading professionals. It includes crypto-crypto exchange, OTC (fiat-crypto exchange), perpetual contract trading, margin trading, futures trading, derivatives, staking and much more.
Just like Binance futures there is a withdrawal limit of 2 BTC on BitMax. You have to do account verification if you’d like to increase this limit.Visit BitMax
Deribit is a European based Bitcoin Futures and Options exchange. Here you can trade Bitcoin perpetual and futures with up to 100 x leverage. It has strong volume and advanced perpetual swaps.
As of now it only supports trading of Bitcoin and Ethereum. Also you can only withdraw up to 1 BTC and 50 ETH per 24 hour. To increase this limit you need to submit ID documents.Join Deribit
Bitfinex is another longest-running and most liquid cryptocurrency exchange founded in 2012. While this exchange has faced a lot of hacks it still holds pretty well and it still remains as one of the largest exchange by volume.
You can deposit, trade and withdraw almost any cryptocurrencies without having to verify your account. But there is a withdrawal limit of 2 BTC.Visit Bitfinex
OKEx is a Malta based cryptocurrency exchange that offers wide range of cryptocurrency buying and selling options. Apart from spot exchange where you can buy / sell and margin trade; this platform also offers derivatives.
You can trade perpetual contracts with up to 100x leverage. Has coin margined and USDT margined futures where you can hedge or profit from long / short positions. Also provides platform for advanced options trading.
Supported currencies: BTC, ETH, LINK, USDT, XRP, EOS, BCH, BSV, TRX, LINK, ATN, ZRX, DOT, XMR, MKR, DASH and many others.Join OKEx
All of the exchanges featured here have their own advantages and strengths compared to others. As a trader you need to do your own research and pick the one that best suits your trading style.
We hope this list helps you to trade anonymously without having to risk your identity and personal documents.
Now before you go we’d like to remind you that centralized exchanges are often vulnerable to attacks. So make sure not to keep all your crypto assets on a single exchange. Diversify your trading platforms and most importantly deposit only what is needed for your trading purpose.
So there you have it. The list of top cryptocurrency derivatives exchanges without KYC. Do you know any other reputable Bitcoin exchange that requires no KYC? Please feel free to drop it in the comments below. Also we’ll be updating this post if we come across any non KYC exchange in the future.
This is an informative article, Thanks. I would like to add the Crypton Exchange from the Utopia p2p. You can easily exchange cryptocurrencies without compromising your privacy, as your address would never be possible to trace.