We encourage you to seek financial advice from an independent financial advisor where appropriate and make your own enquiries. In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated. Bitfinex currently boasts a large selection of trading pairs and is often the home of many market-makers. It has often been suggested that many American traders may migrate to KuCoin after the American ban is put in place for Binance users.

• The platform’s commitment to user privacy is evident as it requires no KYC documents, making it appealing to those who value anonymity in their trading activities.
• You must deposit cash through wire transfers, credit/debit cards, Web Money, VISA, e.t.c. Ensure that the app supports Fiat deposits and allows for instant deposits.
• This page has been updated for trading crypto for free as of March 2024.
• SimpleSwap is an easy-to-use instant crypto exchange with a convenient interface.

Traders using automated strategies via APIs might be subject to API trading fees, depending on the volume and type of transactions. When converting fiat currency (USD or EUR) to cryptocurrency, exchanges may charge a fee for this service. However, most platforms will charge a fee of around 0.05% conversion rate for this transfer.

The exchange also provides flexible withdrawal limits, accommodating both non-KYC and KYC-compliant users, with a significant daily withdrawal capacity. Evonax, operating since 2016, positions itself as a premier exchange focusing on privacy and security, offering anonymous, no-KYC instant swap services. This platform is designed for those who prioritize confidentiality in their crypto transactions, enabling users to conduct quick swaps without the need for registration. Specializing in UTXO-based cryptocurrencies, Evonax offers a variety of trading pairs, supported by a reliable 24/7 customer service. With its fixed trading fee structure and no maximum exchange limits, Evonax caters to a wide range of trading needs while ensuring user privacy and ease of use. The platform provides access to a broad range of cryptocurrencies, available 24/7, and supports features like Stop Loss and Take Profit for strategic trading.

With features like high leverage options, competitive trading fees, and flexible withdrawal limits, Gate.io is tailored to meet the needs of a global trading audience. Its user-friendly interface and robust security measures, including 100% Proof of Reserves, ensure a reliable and efficient trading experience. BitValve emerges as a promising player in the P2P cryptocurrency exchange landscape, offering multicurrency support including Ethereum, Litecoin, Ripple, and more. This platform is designed for those seeking diversity in their crypto transactions with enhanced anonymity and security features. BitValve’s competitive edge is further sharpened by its low fee structure, appealing to a broad range of users. With fees as low as 0.8% for fiat transactions and 0.35% for crypto, plus additional discounts, the platform offers an economical way to trade.

Customers can also explore options to reduce fees further, such as utilizing Gate.io’s utility token. BYDFi is a Singapore-based exchange that operates in over 150 countries, offering its trading services to a global user base. In the following sections, we are going to examine the best anonymous cryptocurrency exchange available in the market right now. Please note that none of these exchanges support fiat deposits or withdrawals without verification. For U.S. traders, Kraken generally offers one of the lowest fee structures for various trading activities, making it a popular choice among cost-conscious traders. It balances low fees with various available cryptocurrencies and robust security measures.

The straightforward fee structure, ranging from 0.5% to 1%, ensures transparency and affordability in transactions. With no exchange limits, eXch.cx caters to all levels of traders looking for a seamless and secure trading experience. ChangeHero stands out as a modern instant swap crypto exchange, providing seamless and secure transactions for over 150 cryptocurrencies. The platform is designed for those who value privacy and speed, as it requires no registration or id verification for simple swaps.

CoinEx operates with a non-KYC standard for basic trading, making it accessible to a wide user base globally. From the platforms we have listed, Bisq stands out as a decentralized exchange and offers increased privacy. ChangeNOW is a versatile platform with a wide range of cryptocurrencies.

As of now, Binance remains the best exchange for those looking to avoid KYC. However, be aware that Americans won’t be able to use the exchange without identity verification starting mid-September. ShapeShift, Uniswap, Kukoin, and Bybit are considered quite good as they guarantee your anonymity. The only exception here is peer-to-peer exchanges like LocalCoinSwap.

It comes with a set of order types for giving traders the tools they require for any type of scenario. They render numerous services, from institutional account management to the OTC desk and much more. An individual’s identity may not necessarily be linked to a Bitcoin address, but some people may publicly share their wallet address, connecting them to that address. With Shapeshift you need to have some other digital token in order to trade it for bitcoins.

If you engage in margin trading, where you borrow funds to trade, you will incur margin trading fees. For instance, Kraken offers about 250+ cryptos, while Bybit offers over 590+ cryptocurrencies. If trading diverse altcoins is on your agenda, check out some of the best exchanges to trade altcoins. There are different levels of VIP from 0 to 5, Supreme VIP, and 1 to 5 Pro levels. These levels grand different trading fees for spot, perpeftual & feature and options markets. Uphold’s has a 100% reserve model that safeguards user funds and an openness to transparency, where real-time asset and liability data is publicly available and updated every 30 seconds.

Furthermore, Bybit boasts one of the most extensive welcome trading reward programs, providing new members with up to $90 to start trading. This information is general in nature and is for educational purposes only. Hedge with Crypto does not provide financial advice nor does it take into account your personal financial situation.

Our aim is to provide an independent assessment of providers to help arm you with information to make sound, informed judgements on which ones will best meet your needs. A crypto exchange is, very basically, a place where you can purchase a cryptocurrency using either cash or another kind of digital asset. Still, it has been reported that their team is also staying in anonymity, raising questions about their integrity and authority. The other drawback with Tradeogre is that they offer no real support and have only a Twitter account, leaving many unanswered questions from users around the web. You can also purchase Bitcoin without using bank cards like Visa and Mastercard.

As for the fees, KuCoin follows a maker-taker crypto fee approach that ranges from 0.0125% to 0.1% depending on the tier level. The platform also has a robust security mechanism in place and has historically recovered over $280 million worth of crypto stolen from Sec Proposal Targets Crypto Exchanges a hack in 2020. KuCoin is not permitted in the US and the user interface isn’t among the best out there, hence, not everyone may find the platform to be ideal. It is the only legitimate exchange, other than BitMEX, which boasts a multiplier of up to 100x.

Trading fees start at 0.57 percent of your trade value (i.e., $57 for every $10,000 traded) and fall from there, depending on your trading volume over the prior 30 days. Crypto.com rose to the top of the ranks thanks to its huge selection of digital assets, low fees, DeFi companion app, earnings and rewards program and slick user experience. For more advanced traders, the platform offers trading in crypto derivatives, as well as customizable alerts and watchlists.