Best Anonymous Cryptocurrency Exchanges 2023

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Sinead Burgess
Sinead Burgess
Updated on August 25, 2022

We’ve seen a lot of data theft incidents in the last few years that have damaged the reputations of some world-leading businesses. These data leaks have therefore identified the issue of online privacy we have online, with an increasing part of the population thinking that their online activity is continually observed and exploited without their permission.

Most platforms require an identification verification process for AML – Anti-Money Laundering – purposes, which includes a KYC – Know Your Customer – check in compliance with the regulations in the region where they operate.

As a result of these requirements, customers seek more anonymous exchanges where they can find more privacy and are less inclined to provide personal information. When you glance at the larger picture, though, social media is merely the tip of the iceberg. People have received enough institutional monitoring in their daily interactions as it is.

Fortunately, there are still anonymous Bitcoin exchanges that offer various levels of anonymity, allowing users to access the marketplace with a Bitcoin wallet number and without having to register for anything, anywhere.

In this article, we will identify the ten leading anonymous crypto exchanges that allow you to buy or trade cryptocurrencies anonymously without compromising your safety.

Best Anonymous Crypto Exchanges for 2023

KuCoin logo

COUNTRY: Hong Kong

Fees: 0.1%

Supported Cryptocurrencies: 150+

KuCoin’s developers have been fine-tuning and modifying the exchange since 2011 until eventually releasing it in 2017. They intended to explore diverse traders’ characteristics and behaviours to meet everyone’s demands and truly grasp local regulations in order to avoid legal consequences.

Users are pleased with the different services that the exchange provides and it’s not hard to understand why it’s so popular worldwide. For beginners, the KuCoin UI can be a little terrifying, but once you make your way around the exchange, you’ll appreciate the platform’s low fees and different trading features.

The exchange provides a number of extra services that aren’t accessible on more basic platforms. For instance, experienced users can try margin trading, spot trading, and futures trading. There is also the option to make money on your crypto via crypto lending and KuCoin’s KCS bonus.

In addition, the exchange provides an app for iOS and Android smartphones, allowing you to trade from anywhere. The UI is slick, and it even has a trading bot that isn’t accessible on the desktop version. KuCoin’s app has more than 1 million downloads on Google Play, with a strong user review rating of 4.5 stars from 13,000 reviews.

RATING : 5/5

Bisq exchange logo


Fees: 0.7%

Supported Cryptocurrencies: 11+

Bisq is a decentralized trading platform that enables you to trade completely anonymously. Unlike centralized exchanges, users can purchase crypto assets without the need for an intermediary to manage their transactions and assets. So, if you like this P2P (peer-to-peer) trading approach, Bisq is our top-recommended cryptocurrency exchange.

Bisq does not require registration or permission from any authorities, so you may begin using the platform immediately. The onboarding process takes less than ten minutes and consists of four easy steps. Simply download the app, sign in with your cryptocurrency account, create a new offer or approve a current one, and finalize the trade by following the user interface.

Because of its decentralized structure, the exchange maintains its platform safe. As its servers are spread throughout the world, hackers have a difficult time gaining access to all of them. Even if someone attempted to hack into one of the servers, they would hardly find any sensitive information.

RATING : 4.5/5

COUNTRY: Switzerland

Fees: Varies

Supported Cryptocurrencies: 70+

Shapeshift was founded in 2014 as a crypto-to-crypto exchange service where users could easily acquire various cryptocurrencies and exchange them against one another. Until 2018, the exchange was not required to perform KYC checks on its users. Nevertheless, things changed when more and more local governments across the world began requesting that crypto exchanges perform an unlawful acquisition and monitoring of personal, private information of innocent people.

ShapeShift didn’t support this behaviour, and in January 2021, it announced that the company is embracing decentralized protocols as a method for its clients to conduct anonymous, private transactions without exposing their identities.

Because of the ShapeShift founder’s aim to simplify crypto transactions and the dedication of his team, the platform is a fantastic alternative for both advanced and beginner crypto enthusiasts. Even though the exchange has been the victim of many assaults, the most recent of which happened in 2016 and resulted in the loss of 5,800 ETH, 1,900 LTC, and 469 BTC, the exchange has made technological advancements such as upgrading its security measures.

Uniswap exchange logo


Fees: 0.30%

Supported Cryptocurrencies: 185+

The Uniswap Exchange Protocol is the latest buzz in the field of decentralized finance. Not long ago, this exchange protocol even surpassed Coinbase’s daily trade volume! But what’s the big deal with Uniswap, and how does it vary from other DEX platforms?

To begin, you should be aware that Uniswap concentrates on the exchange of ERC-20 tokens, which are tokens built on the Ethereum blockchain and commonly used by Ethereum-based projects. As a result, the simplest method to acquire these currencies is to buy Ethereum first, as they are all paired against it.

Uniswap is not a decentralized protocol, but rather an Automated Market Maker (AMM). This is the opposite of an order book, and it operates by utilizing smart contracts to establish a liquidity pool, having users add to the liquidity of the digital assets, and assigning prices based on algorithms that analyze the current liquidity of the trading pair in question. If you provide liquidity to Uniswap’s pools, you will receive liquidity tokens of the underlying coin. Market makers are also rewarded with a portion of the trading fees (0.25%).

RATING : 3.5/5

Balancer exchange logo


Fees: Varies

Supported Cryptocurrencies: 100+

Balancer is an automated market maker (AMM) system that offers a more cost-effective way to trade cryptos with less slippage. It functions as a permissionless DeFi portfolio manager that locates the best pricing and enables customers to receive incentives in the form of trading fees. It also includes a self-balancing weighted portfolio and a pricing monitor to automate the full procedure, which alters the standard index fund concept.

It was developed by Mike McDonald and Fernando Martinelli and was officially released in September 2019. The protocol is presently in V1 and runs on Ethereum, with V2 coming up soon with significant enhancements and improvements. Since its start, the initiative has grown and is on its way to become a premier solution for cryptocurrency portfolio managers and users worldwide.

RATING : 3/5

Bybit logo

COUNTRY: British Virgin Islands

Fees: Varies

Supported Cryptocurrencies: 10+

Bybit was founded in 2018 and is an innovative, fast-growing crypto derivatives platform. The exchange was established by a team of experts having proficiency in investment banking and the forex marketplace.

The exchange has its headquarters in Singapore and is registered in the British Virgin Islands. With over 1.6 million users worldwide, Bybit remains client-focused and strives to offer the best user experience.

The Bybit user interface is one of the most appealing UI in the industry. The charts are intuitive and well-designed, providing numerous information without being too cluttered.

Although the exchange is focused on crypto-to-crypto trading, it enables fiat transactions for the most common altcoins via partnerships with third-party payment processors like Moonpay. Although KYC isn’t mandatory, users must submit some personal information to follow the provider’s regulative policy.

RATING : 3/5

binance logo


Fees: 0.1%

Supported Cryptocurrencies: 400+

Binance, founded in 2017 by the highly charismatic Chinese developer Changpeng Zhao, has rapidly evolved to become one of the world’s biggest crypto exchanges. After the Chinese government prohibited ICOs, the platform was relocated to Japan. Later, the cryptocurrency exchange relocated to Taiwan before settling in Malta in 2019. Moreover, the exchange has a community where users can join discussions and stay informed with the exchange announcements. 

Binance has introduced several new features in the short time it has been in operation, which have helped the platform develop a robust and active trading community. Binance is always looking for new ways to offer value to its consumers, from supporting fiat currencies to launching its own Binance Chain and Binance Coin.

Binance’s team of people is one of the keys to their success, as they have one of the most talented, hardworking, and enthusiastic teams in the world. Although you’d expect to pay extra for Binance’s flawless performance and a huge range of currencies and payment choices (thanks to its partner Simplex), the company has shocked traders by charging a flat 0.1% fee on even the smallest orders. The exchange’s generosity knows no bounds, as BNB (Binance Coin) holders are in line for an extra 25% fee reduction.

A platform of this calibre is expected to adhere to all required regulatory requirements but the truth is, KYC verification may or may not be part of the Binance onboarding process. Technically, you can begin trading on Binance as an unverified user, but you will be restricted to its basic services and a daily withdrawal limit of 2BTC.

RATING : 3/5

1inch exchange logo



Supported Cryptocurrencies: 300+

1inch is a decentralized exchange (DEX) aggregator, which means that it searches the cryptocurrency market for the best prices and lowest costs for your transactions. The user remains anonymous and only links their wallet to the 1inch exchange and starts trading. Depending on the currency pair, it may provide better rates than several of the larger exchanges. It may also divide the order across several exchanges if doing so provides a better deal.

Furthermore, if you are unsatisfied with the pricing you see, you may place a limit order. This allows you to enter the price you wish to pay, and the deal will only be completed if the currency hits that level.

1inch employs a unique API called Pathfinder, which includes a detection and routing mechanism. Pathfinder determines the best possible pathways for every planned token swap, dividing it over several exchanges and, if required, across various market depths of the same exchange. As a consequence, the user receives a better exchange rate and/or gas fees than they would have received on any single exchange.

RATING : 3/5

Paxful Exchange Logo


Fees: Varies

Supported Cryptocurrencies: Bitcoin & Others

Paxful is a P2P (peer-to-peer) platform that was established in 2015. Today, the exchange has 4.8 million members and over 200 employees worldwide, with offices in Hong Kong, Estonia, and the Philippines and headquarters in New York City.

In 2017, the firm started the humanitarian campaign #BuiltwithBitcoin, which supports philanthropic activities in Ghana, Nigeria, Kenya, and Uganda. Depending on your location, you can select from 374 different payment methods such as bank transfers, local or international wire transfers, over 160 online wallets, over 100 gift cards, debit/credit cards, 18 cash payment options, and digital currencies.

To be a member of the Paxful ecosystem, you must first create an account. The platform allows you to remain anonymous unless your country’s legislation requires cryptocurrency exchanges to perform KYC checks on all of their clients to be compliant. Some payment options additionally need some sort of identity verification. There’s also another catch. If you trade more than $1,000 per year, you’ll be required to complete an ID verification.

RATING : 3/5

Godex exchange logo


Fees: Varies

Supported Cryptocurrencies: 200+

Godex is a private crypto trading service that allows users to trade cryptocurrency in an anonymous and fast manner. They sell and trade over 200 different currencies, including big players such as Bitcoin and Ethereum. The platform doesn’t require personal data verification, account logins, or registration to use the exchange.

Because of their extensive expertise in the business, the platform’s owners refer to themselves as “industrialists.” Their in-depth market expertise makes Godex’s services more efficient and appealing to their growing clientele.

Godex places a high value on privacy and caters to the needs of a privacy-conscious clientele. Users do not need to register or give personal information to trade on the Godex exchange platform. Godex now supports integrated addresses for Monero (XMR), and shielded addresses for Zcash (ZEC). These two currencies are now the most popular privacy currencies on the marketplace.

RATING : 3/5

Advantages and Disadvantages of Trading Cryptocurrency Anonymously

People may wish to remain anonymous while completing electronic purchases for a variety of reasons. Some people wish to conceal buys that violate laws or community standards, while others just don’t want to waste time and energy creating copies of all the papers necessary for KYC processes, which can take days or even weeks depending on the support team’s vigilance. More than just that, many individuals just do not enjoy being monitored.

Plus, exchanges that gather private user information such as date of birth, phone numbers and IDs are more liable to hacker attacks. The restrictions, on the other hand, are hardly redundant, since they are directed at a variety of goals, such as the maintenance of protection and security assurances. As a result of new regulations, certain crypto platforms are now capable of repaying stolen funds. Therefore, the advantages and disadvantages of the exchange’s anonymity are being seriously debated.

frequently asked questions

Changelly is a non-custodial cryptocurrency exchange that provides its users with privacy. You will be able to make crypto-to-crypto trades without having to worry about KYC regulations, and all you will need to get started is an email address. However, the platform requires KYC checks to trade higher volumes or deposit fiat. For extra safety, you can even utilize this administration with a VPN.

Yes. Bitcoin ATMs are a great method to buy bitcoins anonymously using cash. These machines are commonly seen at restaurants, airports, and retail stores. You can discover the nearest one to you by utilizing a website like Coin Radar ATM. You should be advised, however, that some of these teller machines may need government-issued documentation before allowing you to withdraw BTC to an external wallet address.

Binance is the best anonymous cryptocurrency exchange that enables users to buy and sell Bitcoin and altcoins without KYC. This crypto exchange offers a bunch of trading instruments, making it one of the most sophisticated trading platforms. The exchange allows you to buy and sell Bitcoin, Ethereum, and hundreds of other digital currencies using credit or debit cards, bank wire transfers, and peer-to-peer trading. Binance features a KYC procedure that is optional for its users. Non-verified users have a daily withdrawal limit of 2 BTC, which is sufficient in most instances.

Peer-to-peer platforms are growing in popularity because they provide traders with additional ease and privacy. However, because they often accept flexible payment options, they are also vulnerable to fraud and cyber theft. To prevent being a victim of these scams, make sure you do your research and grasp the fundamentals of P2P trading before you begin. As a form of user protection, the majority of these exchanges include escrow services, so if you’re selling digital currencies, don’t complete the deal until you receive the money. Also, avoid traders that advise you to execute the deal via a third-party platform, since they may be setting you up for a scam.