- Are you interested te buying altcoins without getting into the hassle of answering questions?
- Tired of going through the KYC process overheen and overheen again on crypto exchanges?
- Are you looking for options to evade the haggling KYC & AML processes?
If you are, you have come to the right place.
I am going to tell you about a few altcoin exchanges that permit you to trade without going through the KYC and AML check. Not only this, there are no withdrawal or deposit thresholds to zekering you from buying/selling bags of altcoins.
Unnecessary to say, this will be the standaard once the decentralized exchanges increase their market share, which I think is going to take a while.
Until then, wij can use thesis services, some of which are centralized and some of which are decentralized, to avoid KYC and AML to protect your privacy.
7 Altcoin Exchanges Without KYC & AML
Changelly, a centralized cryptocurrency interchanging service, which does not shove you to finish the KYC or AML ter order to use its services.
There is no ID verification registration that you need to do for using their services. For enhanced security, you can even use this service with a VPN.
This method, however, requires you to have supporting altcoins like LTC/ETH/DASH etc to exchange for BTC or any other supporting currency. If you have altcoins, you can buy Bitcoins te seconds with no verification using Changelly.
BitShares is decentralized exchange based on graphene blockchain technology.
Spil it is a decentralized exchange, there is no need for any verification, KYC or AML, before using this service.
Opening an account on BitShares is fairly effortless spil it doesn&rsquo,t require any registration or KYC to embark with. The only thing that you need to take care is your login password and username because that is what will help you te case something goes wrong.
Your password will look something like: P5KSgr3tMUE4vLo9uwWJScsD5sQYg6BLa7QCT3e9XTe6C
The volume at the time of writing on this exchange is 1900 BTC which is fairly gepast for a decentralized exchange with no AML or KYC.
CryptoBrige is another decentralized exchange which has come up only recently.
Being a decentralized exchange means this too doesn’t require any AML or KYC. They also have their native token called BCO which you can hold and stake to receive premie prizes from the CryptoBridge exchange. If you want to deep dive into BCO and CryptoBridge, read this detailed guide on CryptoBridge DEX.
The login process is fairly plain where you simply need to select a unique username postbode which a cryptographic password will be generated automatically which you need to note down and keep securely.
The password will look something like: P5K19WQQp1WWtWQjXwDA2cmPpoyqJhcCfhqYQt5TFC4tW
The volume at the time of writing on this exchange is 201 BTC which is not a bad number for a decentralized exchange with 56 cryptocurrencies/crypto assets pairs listed on it.
Bitmex is another centralized exchange which doesn’t require you to go through AML and KYC for deposit and withdrawals.
Despite it being a predominantly BTC exchange, you will also find some altcoins like DASH, Cardano, Bitcoin Contant, Ethereum, Ethereum Classic etc.
When you use the Bitmex exchange, you need not worry about liquidity because it has a humongous volume of overheen 126,000 BTC with a ranking ter top Ten on CMC.
BitSquare is a peer-to-peer marketplace for cryptocurrencies like BTC, ETH etc. It is a fully decentralized exchange which requires no name, email ID or verification so there is no question of KYC or AML.
Also, your privacy is secured because it uses Tor and doesn&rsquo,t hold fiat or bitcoins on their servers or ter their account. Presently, it supports 126 cryptocurrencies (including BTC) and is available on Windows, Mac and Linux platforms. The trade volumes, however, are low.
The volume at the time of writing on this exchange is Four BTC with 11 cryptocurrencies/crypto assets pairs listed on it.
Here is an introductory movie on Bitsquare:
EtherDelta is an altcoin exchange only for Ethereum based tokens also know spil ERC 20 tokens.
It is also a decentralized exchange so there are no deposit or withdrawal boundaries or any requirement of AML or KYC.
The only drawback of this exchange is the speed spil everything you do on this exchange is clever contract-powered and requires you to pay GAS price.
The volume at the time of writing on this exchange is 1308 BTC with 335+ cryptocurrencies/crypto assets pairs listed on it.
Note: Do not leave your cryptos on EtherDelta’s contracts. Instead you can use this exchange securely without worrying about hacks via Ledger Nano S (Verbinding Ledger Nano S & EtherDelta Article)
IDEX is the most advanced decentralized exchange for Ethereum-based tokens.
It has gas-free cancels and limit orders which you will not find te EtherDelta. Being a decentralized exchange means that one doesn’t need to go through AML or KYC verification for trading on it.
To get commenced on IDEX, you can simply create a fresh account and save your private keys offline and also use this exchange te tandem with Ledger Nano S without the fear of getting hacked.
The volume at the time of writing on this exchange is 590 BTC with +100 cryptocurrencies/crypto assets pairs listed on it.
I think not requiring AML and KYC will become more mainstream this year because a loterijlot of decentralized exchanges are te the pipeline which may waterput the centralized exchanges under pressure to get rid of the KYC requirements.
Also, having AML and KYC goes against the basic tenant of decentralized currencies which is why wij are witnessing the unprecedented development of decentralized infrastructure which is putting privacy at the forefront.
Well, that is all from my side.
Now it is time to hear from you: If you know more altcoin and cryptocurrency services that don’t require AML & KYC, share it with us te the comment section below.
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