{"id":691892,"date":"2025-09-25T11:40:30","date_gmt":"2025-09-25T08:40:30","guid":{"rendered":"https:\/\/buradabiliyorum.com\/en\/best-no-kyc-crypto-exchanges-in-2025-explained\/"},"modified":"2025-09-25T11:40:30","modified_gmt":"2025-09-25T08:40:30","slug":"best-no-kyc-crypto-exchanges-in-2025-explained","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/best-no-kyc-crypto-exchanges-in-2025-explained\/","title":{"rendered":"Best No-KYC crypto exchanges in 2025 explained"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2e57becc224\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2e57becc224\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/best-no-kyc-crypto-exchanges-in-2025-explained\/#%E2%80%9CBest_No-KYC_crypto_exchanges_in_2025_explained%E2%80%9D\" >&#8220;Best No-KYC crypto exchanges in 2025 explained&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CBest_No-KYC_crypto_exchanges_in_2025_explained%E2%80%9D\"><\/span>&#8220;Best No-KYC crypto exchanges in 2025 explained&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<aside class=\"commerce-disclosure\">\n\t\t<em>The New York Post may receive revenue from affiliate\/advertising partnerships for sharing this content and\/or if you click or make a purchase. <\/em><br \/>\n\t<\/aside>\n<p>Crypto\u2019s wild west has a new frontier \u2014 and it doesn\u2019t bother asking for your name.<\/p>\n<p>But Crypto has always been a gamble. Fortunes rocket. Fortunes vanish. Scams hit harder than the IRS. Now the latest craze is no-KYC exchanges, trading platforms that don\u2019t bother asking for your name.<\/p>\n<aside class=\"single__inline-module alignright\">\n\t<\/aside>\n<p>In an era when mainstream exchanges demand selfies, passports, and even utility bills, a new wave of traders is sidestepping the red tape. They\u2019re heading for no-KYC platforms, where wallets open the door and IDs stay in your pocket.<\/p>\n<p>\u201c\u2018No-KYC\u2019 is an acronym for \u2018No, Know Your Customer,\u2019\u201d said Kevin Keable, founder of Illinois-based Cipher Sanctum. \u201cIt basically means you don\u2019t have to show ID to trade.\u201d<\/p>\n<p>Examples of no-KYC exchanges in 2025 include MEXC, Margex, dYdX, Uniswap, PancakeSwap and Bisq. Some are centralized outfits like MEXC, CoinEx and PrimeXBT, where unverified users can still trade, often with limits.\u00a0<\/p>\n<p>Others, like Uniswap and PancakeSwap, are decentralized protocols that plug directly into your wallet. Peer-to-peer marketplaces such as Bisq, Hodl Hodl, RoboSats and Peach Bitcoin let buyers and sellers cut deals privately, without ID checks.<\/p>\n<p>For fans, it\u2019s freedom. For regulators, it\u2019s a loophole the size of Wall Street.<\/p>\n<figure class=\"wp-block-image aligncenter size-large\"><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/secure.money.com\/pr\/k38d706664dc?s1=bw32\" target=\"_blank\" rel=\"noopener nofollow\" data-nyp-affiliate=\"true\"><img loading=\"lazy\" style=\"aspect-ratio:1.77777778;display:block\" decoding=\"async\" data-no-modal=\"true\" width=\"1024\" height=\"576\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/111867667.jpg?w=1024\" alt=\"Industry observers say dYdX is the leading decentralized derivatives exchange offering no-KYC perpetual futures trading.\" class=\"wp-image-37171598\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/111867667.jpg?quality=75&amp;strip=all 4608w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/111867667.jpg?resize=300,169&amp;quality=75&amp;strip=all 300w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/111867667.jpg?resize=768,432&amp;quality=75&amp;strip=all 768w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/111867667.jpg?resize=1024,576&amp;quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/111867667.jpg?resize=1536,864&amp;quality=75&amp;strip=all 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/111867667.jpg?resize=2048,1152&amp;quality=75&amp;strip=all 2048w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/111867667.jpg?resize=600,338&amp;quality=75&amp;strip=all 600w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/111867667.jpg?resize=878,494&amp;quality=75&amp;strip=all 878w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/111867667.jpg?resize=744,419&amp;quality=75&amp;strip=all 744w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/111867667.jpg?resize=576,324&amp;quality=75&amp;strip=all 576w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/111867667.jpg?resize=440,248&amp;quality=75&amp;strip=all 440w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/111867667.jpg?resize=424,239&amp;quality=75&amp;strip=all 424w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/111867667.jpg?resize=180,101&amp;quality=75&amp;strip=all 180w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/111867667.jpg?resize=107,60&amp;quality=75&amp;strip=all 107w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/111867667.jpg?resize=130,73&amp;quality=75&amp;strip=all 130w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/111867667.jpg?resize=71,40&amp;quality=75&amp;strip=all 71w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/111867667.jpg?resize=124,70&amp;quality=75&amp;strip=all 124w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/111867667.jpg?resize=96,54&amp;quality=75&amp;strip=all 96w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/111867667.jpg?resize=200,113&amp;quality=75&amp;strip=all 200w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/111867667.jpg?resize=231,130&amp;quality=75&amp;strip=all 231w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/111867667.jpg?resize=322,181&amp;quality=75&amp;strip=all 322w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/111867667.jpg?resize=664,374&amp;quality=75&amp;strip=all 664w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/111867667.jpg?resize=142,80&amp;quality=75&amp;strip=all 142w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/111867667.jpg?resize=87,49&amp;quality=75&amp;strip=all 87w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/111867667.jpg?resize=234,132&amp;quality=75&amp;strip=all 234w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/111867667.jpg?resize=50,28&amp;quality=75&amp;strip=all 50w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/111867667.jpg?resize=150,84&amp;quality=75&amp;strip=all 150w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><\/a><figcaption>Industry observers say dYdX is the leading decentralized derivatives exchange offering no-KYC perpetual futures trading. <span class=\"credit\">maurice norbert \u2013 stock.adobe.com<\/span><\/figcaption><\/figure>\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n<ol>\n<li><strong><a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">Download<\/a> a trusted exchange app<\/strong> \u2014 Start by choosing a licensed crypto exchange. We recommend starting with the <strong><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/secure.money.com\/pr\/k38d706664dc?s1=bw32\" target=\"_blank\" rel=\"nofollow noopener\" data-nyp-affiliate=\"true\">Best Wallet app<\/a><\/strong>, available in both the iOS and Android app stores.<\/li>\n<li><strong>Create and verify your account<\/strong> \u2014 Sign up using your email, Google, or Apple ID. To complete registration, you\u2019ll need to verify your identity with a government-issued ID and enable two-factor authentication (2FA) for added security.<\/li>\n<li><strong>Fund your account<\/strong> \u2014 Deposit money into your account by linking a bank account or credit card or even using gift cards. Choose an option that best fits your lifestyle for convenience or anonymity.<\/li>\n<li><strong>Buy your first cryptocurrency<\/strong> \u2014 Use the app\u2019s marketplace or swap tool to purchase crypto by entering the ticker symbol \u2014 like BTC for Bitcoin or ETH for Ethereum \u2014 and follow the prompts to complete the transaction.<\/li>\n<li><strong>Choose how to store your crypto<\/strong> \u2014 Decide whether you\u2019ll keep your crypto in the exchange, move it to a digital wallet (hot wallet), or store it offline (cold wallet) for extra protection.<\/li>\n<\/ol>\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n<figure class=\"wp-block-image aligncenter size-large\"><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/secure.money.com\/pr\/k38d706664dc?s1=bw32\" target=\"_blank\" rel=\"noopener nofollow\" data-nyp-affiliate=\"true\"><img loading=\"lazy\" style=\"aspect-ratio:1.33333333;display:block\" decoding=\"async\" data-no-modal=\"true\" width=\"787\" height=\"590\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/mexc-app-play-store-page-111858159.jpg?w=1024\" alt=\"MEXC stands out in 2025 as the leading centralized no-KYC exchange by trading volume.\" class=\"wp-image-37171605\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/mexc-app-play-store-page-111858159.jpg?quality=75&amp;strip=all 5184w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/mexc-app-play-store-page-111858159.jpg?resize=300,225&amp;quality=75&amp;strip=all 300w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/mexc-app-play-store-page-111858159.jpg?resize=768,576&amp;quality=75&amp;strip=all 768w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/mexc-app-play-store-page-111858159.jpg?resize=1024,768&amp;quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/mexc-app-play-store-page-111858159.jpg?resize=1536,1152&amp;quality=75&amp;strip=all 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/mexc-app-play-store-page-111858159.jpg?resize=2048,1536&amp;quality=75&amp;strip=all 2048w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/mexc-app-play-store-page-111858159.jpg?resize=600,450&amp;quality=75&amp;strip=all 600w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/mexc-app-play-store-page-111858159.jpg?resize=785,589&amp;quality=75&amp;strip=all 785w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/mexc-app-play-store-page-111858159.jpg?resize=661,496&amp;quality=75&amp;strip=all 661w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/mexc-app-play-store-page-111858159.jpg?resize=576,432&amp;quality=75&amp;strip=all 576w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/mexc-app-play-store-page-111858159.jpg?resize=440,330&amp;quality=75&amp;strip=all 440w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/mexc-app-play-store-page-111858159.jpg?resize=376,282&amp;quality=75&amp;strip=all 376w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/mexc-app-play-store-page-111858159.jpg?resize=180,135&amp;quality=75&amp;strip=all 180w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/mexc-app-play-store-page-111858159.jpg?resize=95,71&amp;quality=75&amp;strip=all 95w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/mexc-app-play-store-page-111858159.jpg?resize=53,40&amp;quality=75&amp;strip=all 53w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/mexc-app-play-store-page-111858159.jpg?resize=93,70&amp;quality=75&amp;strip=all 93w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/mexc-app-play-store-page-111858159.jpg?resize=72,54&amp;quality=75&amp;strip=all 72w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/mexc-app-play-store-page-111858159.jpg?resize=200,150&amp;quality=75&amp;strip=all 200w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/mexc-app-play-store-page-111858159.jpg?resize=231,173&amp;quality=75&amp;strip=all 231w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/mexc-app-play-store-page-111858159.jpg?resize=322,242&amp;quality=75&amp;strip=all 322w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/mexc-app-play-store-page-111858159.jpg?resize=588,441&amp;quality=75&amp;strip=all 588w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/mexc-app-play-store-page-111858159.jpg?resize=80,60&amp;quality=75&amp;strip=all 80w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/mexc-app-play-store-page-111858159.jpg?resize=107,80&amp;quality=75&amp;strip=all 107w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/mexc-app-play-store-page-111858159.jpg?resize=77,58&amp;quality=75&amp;strip=all 77w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/mexc-app-play-store-page-111858159.jpg?resize=208,156&amp;quality=75&amp;strip=all 208w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/mexc-app-play-store-page-111858159.jpg?resize=50,38&amp;quality=75&amp;strip=all 50w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/mexc-app-play-store-page-111858159.jpg?resize=150,113&amp;quality=75&amp;strip=all 150w\" sizes=\"auto, (max-width: 787px) 100vw, 787px\"\/><\/a><figcaption>MEXC stands out in 2025 as the leading centralized no-KYC exchange by trading volume. <span class=\"credit\">wave<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/watch-movies-tv-seriess\/\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Watch Movies &amp; TV Series\" target=\"_blank\" rel=\"noopener\">movies<\/a> \u2013 stock.adobe.com<\/span><\/figcaption><\/figure>\n<p>Among the centralized crowd, MEXC has become the standout, pulling in some of the biggest trading volumes in the industry without forcing every user through ID verification. In the decentralized world, Uniswap and dYdX dominate. Uniswap for token swaps across chains, dYdX for decentralized derivatives with deep liquidity.<\/p>\n<p>For beginners, though, diving into that alphabet soup can feel like walking blindfolded into a casino. That\u2019s why <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/secure.money.com\/pr\/k38d706664dc?s1=bw32\" target=\"_blank\" rel=\"nofollow noopener\" data-nyp-affiliate=\"true\">many start with apps like Best Wallet<\/a>, which brands itself as a one-stop, secure hub.<\/p>\n<p><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/secure.money.com\/pr\/k38d706664dc?s1=bw32\" target=\"_blank\" rel=\"nofollow noopener\" data-nyp-affiliate=\"true\">Best Wallet is non-custodial<\/a>; powered by Fireblocks security and multi-party computation keys. It supports 50+ blockchains, thousands of tokens, and ditches the clunky seed-phrase headache with cloud recovery and biometric logins.\u00a0<\/p>\n<p>Buy, swap, track; all in one app. For rookies staring down the chaos, it\u2019s pitched as a safer first step.<\/p>\n<figure class=\"wp-block-image aligncenter size-large\"><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/secure.money.com\/pr\/k38d706664dc?s1=bw32\" target=\"_blank\" rel=\"noopener nofollow\" data-nyp-affiliate=\"true\"><img style=\"aspect-ratio:1;display:block\" loading=\"lazy\" decoding=\"async\" data-no-modal=\"true\" width=\"590\" height=\"590\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/1063736985547331-set-593238285930539-111868088.jpg\" alt=\"Hodl Hodl is a peer-to-peer Bitcoin exchange that allows direct trades without ID verification.\" class=\"wp-image-37171596\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/1063736985547331-set-593238285930539-111868088.jpg?quality=75&amp;strip=all 640w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/1063736985547331-set-593238285930539-111868088.jpg?resize=150,150&amp;quality=75&amp;strip=all 150w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/1063736985547331-set-593238285930539-111868088.jpg?resize=300,300&amp;quality=75&amp;strip=all 300w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/1063736985547331-set-593238285930539-111868088.jpg?resize=600,600&amp;quality=75&amp;strip=all 600w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/1063736985547331-set-593238285930539-111868088.jpg?resize=589,589&amp;quality=75&amp;strip=all 589w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/1063736985547331-set-593238285930539-111868088.jpg?resize=496,496&amp;quality=75&amp;strip=all 496w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/1063736985547331-set-593238285930539-111868088.jpg?resize=576,576&amp;quality=75&amp;strip=all 576w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/1063736985547331-set-593238285930539-111868088.jpg?resize=440,440&amp;quality=75&amp;strip=all 440w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/1063736985547331-set-593238285930539-111868088.jpg?resize=282,282&amp;quality=75&amp;strip=all 282w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/1063736985547331-set-593238285930539-111868088.jpg?resize=180,180&amp;quality=75&amp;strip=all 180w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/1063736985547331-set-593238285930539-111868088.jpg?resize=71,71&amp;quality=75&amp;strip=all 71w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/1063736985547331-set-593238285930539-111868088.jpg?resize=40,40&amp;quality=75&amp;strip=all 40w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/1063736985547331-set-593238285930539-111868088.jpg?resize=70,70&amp;quality=75&amp;strip=all 70w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/1063736985547331-set-593238285930539-111868088.jpg?resize=54,54&amp;quality=75&amp;strip=all 54w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/1063736985547331-set-593238285930539-111868088.jpg?resize=200,200&amp;quality=75&amp;strip=all 200w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/1063736985547331-set-593238285930539-111868088.jpg?resize=231,231&amp;quality=75&amp;strip=all 231w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/1063736985547331-set-593238285930539-111868088.jpg?resize=322,322&amp;quality=75&amp;strip=all 322w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/1063736985547331-set-593238285930539-111868088.jpg?resize=441,441&amp;quality=75&amp;strip=all 441w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/1063736985547331-set-593238285930539-111868088.jpg?resize=60,60&amp;quality=75&amp;strip=all 60w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/1063736985547331-set-593238285930539-111868088.jpg?resize=80,80&amp;quality=75&amp;strip=all 80w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/1063736985547331-set-593238285930539-111868088.jpg?resize=58,58&amp;quality=75&amp;strip=all 58w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/1063736985547331-set-593238285930539-111868088.jpg?resize=156,156&amp;quality=75&amp;strip=all 156w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/1063736985547331-set-593238285930539-111868088.jpg?resize=50,50&amp;quality=75&amp;strip=all 50w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/1063736985547331-set-593238285930539-111868088.jpg?resize=96,96&amp;quality=75&amp;strip=all 96w\" sizes=\"auto, (max-width: 590px) 100vw, 590px\"\/><\/a><figcaption>Hodl Hodl is a peer-to-peer Bitcoin exchange that allows direct trades without ID verification. <span class=\"credit\">Hodl Hodl<\/span><\/figcaption><\/figure>\n<p>\u201cNo-KYC exchanges are platforms that allow users to trade crypto without completing the usual identity verification,\u201d Nic Puckrin, CEO of Coin Bureau, told The Post. \u201cRather than submitting passports or bills, all they need is a wallet address.\u201d<\/p>\n<aside class=\"single__inline-module alignright\">\n\t<\/aside>\n<p>\u201cCrypto exchanges with a KYC policy always ask their customers for personal information \u2014 including <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Social<\/a> Security Number,\u201d Keable said. \u201cThen you give them your currency like USD, and they give you whatever crypto you want in exchange.\u201d<\/p>\n<p>By contrast, no-KYC platforms s<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/trip-and-travel\/\" data-internallinksmanager029f6b8e52c=\"10\" title=\"Trip &amp; Travel\" target=\"_blank\" rel=\"noopener\">trip<\/a> away the paperwork. All you need is a wallet.<\/p>\n<p>\u201cThey promise speed and privacy, but users get exposed to more regulatory or operational risks later down the line,\u201d Puckrin said.<\/p>\n<p>Santiago Tenorio, chief business officer at Paysecure, put it bluntly: \u201cSome are centralized platforms that just skip this step, while others are decentralized protocols where there isn\u2019t really an \u2018account\u2019 at all; just a wallet connecting directly.\u201d<\/p>\n<p>In practice? A trader can <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/secure.money.com\/pr\/k38d706664dc?s1=bw32\" target=\"_blank\" rel=\"nofollow noopener\" data-nyp-affiliate=\"true\">connect a wallet like Best Wallet to Uniswap or PancakeSwap<\/a> and start swapping tokens in minutes. No selfies, no government oversight, no waiting around.<\/p>\n<figure class=\"wp-block-image aligncenter size-large\"><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/secure.money.com\/pr\/k38d706664dc?s1=bw32\" target=\"_blank\" rel=\"noopener nofollow\" data-nyp-affiliate=\"true\"><img style=\"aspect-ratio:1.93572779;display:block\" loading=\"lazy\" decoding=\"async\" data-no-modal=\"true\" width=\"1024\" height=\"529\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/cryptocurrency-uniswap-seen-display-iphone-111867716.jpg?w=1024\" alt=\"Uniswap dominates decentralized trading on Ethereum and multichain swaps without KYC.\" class=\"wp-image-37171600\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/cryptocurrency-uniswap-seen-display-iphone-111867716.jpg?quality=75&amp;strip=all 5500w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/cryptocurrency-uniswap-seen-display-iphone-111867716.jpg?resize=300,155&amp;quality=75&amp;strip=all 300w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/cryptocurrency-uniswap-seen-display-iphone-111867716.jpg?resize=768,397&amp;quality=75&amp;strip=all 768w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/cryptocurrency-uniswap-seen-display-iphone-111867716.jpg?resize=1024,529&amp;quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/cryptocurrency-uniswap-seen-display-iphone-111867716.jpg?resize=1536,794&amp;quality=75&amp;strip=all 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/cryptocurrency-uniswap-seen-display-iphone-111867716.jpg?resize=2048,1058&amp;quality=75&amp;strip=all 2048w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/cryptocurrency-uniswap-seen-display-iphone-111867716.jpg?resize=600,310&amp;quality=75&amp;strip=all 600w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/cryptocurrency-uniswap-seen-display-iphone-111867716.jpg?resize=878,454&amp;quality=75&amp;strip=all 878w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/cryptocurrency-uniswap-seen-display-iphone-111867716.jpg?resize=744,384&amp;quality=75&amp;strip=all 744w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/cryptocurrency-uniswap-seen-display-iphone-111867716.jpg?resize=576,298&amp;quality=75&amp;strip=all 576w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/cryptocurrency-uniswap-seen-display-iphone-111867716.jpg?resize=440,227&amp;quality=75&amp;strip=all 440w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/cryptocurrency-uniswap-seen-display-iphone-111867716.jpg?resize=424,219&amp;quality=75&amp;strip=all 424w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/cryptocurrency-uniswap-seen-display-iphone-111867716.jpg?resize=180,93&amp;quality=75&amp;strip=all 180w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/cryptocurrency-uniswap-seen-display-iphone-111867716.jpg?resize=107,55&amp;quality=75&amp;strip=all 107w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/cryptocurrency-uniswap-seen-display-iphone-111867716.jpg?resize=77,40&amp;quality=75&amp;strip=all 77w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/cryptocurrency-uniswap-seen-display-iphone-111867716.jpg?resize=135,70&amp;quality=75&amp;strip=all 135w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/cryptocurrency-uniswap-seen-display-iphone-111867716.jpg?resize=105,54&amp;quality=75&amp;strip=all 105w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/cryptocurrency-uniswap-seen-display-iphone-111867716.jpg?resize=200,103&amp;quality=75&amp;strip=all 200w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/cryptocurrency-uniswap-seen-display-iphone-111867716.jpg?resize=231,119&amp;quality=75&amp;strip=all 231w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/cryptocurrency-uniswap-seen-display-iphone-111867716.jpg?resize=322,166&amp;quality=75&amp;strip=all 322w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/cryptocurrency-uniswap-seen-display-iphone-111867716.jpg?resize=664,343&amp;quality=75&amp;strip=all 664w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/cryptocurrency-uniswap-seen-display-iphone-111867716.jpg?resize=116,60&amp;quality=75&amp;strip=all 116w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/cryptocurrency-uniswap-seen-display-iphone-111867716.jpg?resize=155,80&amp;quality=75&amp;strip=all 155w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/cryptocurrency-uniswap-seen-display-iphone-111867716.jpg?resize=87,45&amp;quality=75&amp;strip=all 87w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/cryptocurrency-uniswap-seen-display-iphone-111867716.jpg?resize=234,121&amp;quality=75&amp;strip=all 234w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/cryptocurrency-uniswap-seen-display-iphone-111867716.jpg?resize=50,26&amp;quality=75&amp;strip=all 50w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/cryptocurrency-uniswap-seen-display-iphone-111867716.jpg?resize=150,78&amp;quality=75&amp;strip=all 150w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><\/a><figcaption>Uniswap dominates decentralized trading on Ethereum and multichain swaps without KYC. <span class=\"credit\">dpa\/picture alliance via Getty Images<\/span><\/figcaption><\/figure>\n<p>That frictionless model comes at a price.<\/p>\n<p>\u201cThe risks are quite significant since these no-KYC exchanges often sit in the legal grey area, making them vulnerable to shutdowns or seizures,\u201d Puckrin said. Centralized players can vanish overnight, leaving user funds stranded.<\/p>\n<aside class=\"single__inline-module alignright\">\n\t<\/aside>\n<p>Liquidity is another problem. \u201cNo-KYC exchanges are often small and lack liquidity,\u201d said Dr. Dina El Mahdy, associate professor of accounting at Morgan State University. \u201cFunds are frequently mixed with illegal assets, which can trigger investigations or freezes when withdrawn to fiat.\u201d<\/p>\n<p>Even if you\u2019re clean, pulling money from a no-KYC platform into a regulated bank can raise red flags. Compliance officers don\u2019t like surprises.<\/p>\n<p>Anthony \u201cBurnt Banksy\u201d Anzalone, founder of XION, added: \u201cInstead of verification and government ID, all you need is your crypto wallet. Traders love this, but it poses a big problem for tax authorities.\u201d<\/p>\n<p>Legal experts warn that the anonymity promise is shaky at best. \u201cThe anonymity offered by these platforms is largely an illusion when faced with the tracing capabilities of agencies like the IRS,\u201d said Darrell White, partner at Kimura London &amp; White LLP. \u201cAny American who fails to report capital gains from these platforms is committing tax fraud.\u201d<\/p>\n<p>Hackers are another threat. \u201cBecause they are software tools, they can have bugs or be hacked \u2014 kind of like any software,\u201d said Steve Yelderman, <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">general<\/a> counsel at Etherealize. \u201cDifferent rules apply to them than if they were something like a traditional financial brokerage.\u201d<\/p>\n<figure class=\"wp-block-image aligncenter size-large\"><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/secure.money.com\/pr\/k38d706664dc?s1=bw32\" target=\"_blank\" rel=\"noopener nofollow\" data-nyp-affiliate=\"true\"><img style=\"aspect-ratio:1.50367107;display:block\" loading=\"lazy\" decoding=\"async\" data-no-modal=\"true\" width=\"887\" height=\"590\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/photo-illustration-pancakeswap-logo-displayed-111867738.jpg?w=1024\" alt=\"PancakeSwap is a decentralized exchange on BNB Chain that connects directly to wallets without ID.\" class=\"wp-image-37171603\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/photo-illustration-pancakeswap-logo-displayed-111867738.jpg?quality=75&amp;strip=all 5000w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/photo-illustration-pancakeswap-logo-displayed-111867738.jpg?resize=300,200&amp;quality=75&amp;strip=all 300w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/photo-illustration-pancakeswap-logo-displayed-111867738.jpg?resize=768,511&amp;quality=75&amp;strip=all 768w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/photo-illustration-pancakeswap-logo-displayed-111867738.jpg?resize=1024,681&amp;quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/photo-illustration-pancakeswap-logo-displayed-111867738.jpg?resize=1536,1022&amp;quality=75&amp;strip=all 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/photo-illustration-pancakeswap-logo-displayed-111867738.jpg?resize=2048,1362&amp;quality=75&amp;strip=all 2048w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/photo-illustration-pancakeswap-logo-displayed-111867738.jpg?resize=600,400&amp;quality=75&amp;strip=all 600w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/photo-illustration-pancakeswap-logo-displayed-111867738.jpg?resize=878,584&amp;quality=75&amp;strip=all 878w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/photo-illustration-pancakeswap-logo-displayed-111867738.jpg?resize=744,496&amp;quality=75&amp;strip=all 744w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/photo-illustration-pancakeswap-logo-displayed-111867738.jpg?resize=720,480&amp;quality=75&amp;strip=all 720w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/photo-illustration-pancakeswap-logo-displayed-111867738.jpg?resize=576,383&amp;quality=75&amp;strip=all 576w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/photo-illustration-pancakeswap-logo-displayed-111867738.jpg?resize=457,305&amp;quality=75&amp;strip=all 457w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/photo-illustration-pancakeswap-logo-displayed-111867738.jpg?resize=440,293&amp;quality=75&amp;strip=all 440w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/photo-illustration-pancakeswap-logo-displayed-111867738.jpg?resize=424,282&amp;quality=75&amp;strip=all 424w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/photo-illustration-pancakeswap-logo-displayed-111867738.jpg?resize=389,260&amp;quality=75&amp;strip=all 389w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/photo-illustration-pancakeswap-logo-displayed-111867738.jpg?resize=360,240&amp;quality=75&amp;strip=all 360w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/photo-illustration-pancakeswap-logo-displayed-111867738.jpg?resize=340,227&amp;quality=75&amp;strip=all 340w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/photo-illustration-pancakeswap-logo-displayed-111867738.jpg?resize=320,213&amp;quality=75&amp;strip=all 320w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/photo-illustration-pancakeswap-logo-displayed-111867738.jpg?resize=314,209&amp;quality=75&amp;strip=all 314w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/photo-illustration-pancakeswap-logo-displayed-111867738.jpg?resize=306,204&amp;quality=75&amp;strip=all 306w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/photo-illustration-pancakeswap-logo-displayed-111867738.jpg?resize=280,187&amp;quality=75&amp;strip=all 280w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/photo-illustration-pancakeswap-logo-displayed-111867738.jpg?resize=260,174&amp;quality=75&amp;strip=all 260w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/photo-illustration-pancakeswap-logo-displayed-111867738.jpg?resize=246,164&amp;quality=75&amp;strip=all 246w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/photo-illustration-pancakeswap-logo-displayed-111867738.jpg?resize=234,156&amp;quality=75&amp;strip=all 234w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/photo-illustration-pancakeswap-logo-displayed-111867738.jpg?resize=195,130&amp;quality=75&amp;strip=all 195w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/photo-illustration-pancakeswap-logo-displayed-111867738.jpg?resize=180,120&amp;quality=75&amp;strip=all 180w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/photo-illustration-pancakeswap-logo-displayed-111867738.jpg?resize=171,114&amp;quality=75&amp;strip=all 171w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/photo-illustration-pancakeswap-logo-displayed-111867738.jpg?resize=160,107&amp;quality=75&amp;strip=all 160w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/photo-illustration-pancakeswap-logo-displayed-111867738.jpg?resize=144,96&amp;quality=75&amp;strip=all 144w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/photo-illustration-pancakeswap-logo-displayed-111867738.jpg?resize=107,71&amp;quality=75&amp;strip=all 107w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/photo-illustration-pancakeswap-logo-displayed-111867738.jpg?resize=93,62&amp;quality=75&amp;strip=all 93w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/photo-illustration-pancakeswap-logo-displayed-111867738.jpg?resize=84,56&amp;quality=75&amp;strip=all 84w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/photo-illustration-pancakeswap-logo-displayed-111867738.jpg?resize=60,40&amp;quality=75&amp;strip=all 60w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/photo-illustration-pancakeswap-logo-displayed-111867738.jpg?resize=105,70&amp;quality=75&amp;strip=all 105w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/photo-illustration-pancakeswap-logo-displayed-111867738.jpg?resize=81,54&amp;quality=75&amp;strip=all 81w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/photo-illustration-pancakeswap-logo-displayed-111867738.jpg?resize=200,133&amp;quality=75&amp;strip=all 200w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/photo-illustration-pancakeswap-logo-displayed-111867738.jpg?resize=231,154&amp;quality=75&amp;strip=all 231w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/photo-illustration-pancakeswap-logo-displayed-111867738.jpg?resize=322,214&amp;quality=75&amp;strip=all 322w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/photo-illustration-pancakeswap-logo-displayed-111867738.jpg?resize=664,441&amp;quality=75&amp;strip=all 664w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/photo-illustration-pancakeswap-logo-displayed-111867738.jpg?resize=90,60&amp;quality=75&amp;strip=all 90w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/photo-illustration-pancakeswap-logo-displayed-111867738.jpg?resize=120,80&amp;quality=75&amp;strip=all 120w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/photo-illustration-pancakeswap-logo-displayed-111867738.jpg?resize=87,58&amp;quality=75&amp;strip=all 87w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/photo-illustration-pancakeswap-logo-displayed-111867738.jpg?resize=50,33&amp;quality=75&amp;strip=all 50w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/photo-illustration-pancakeswap-logo-displayed-111867738.jpg?resize=150,100&amp;quality=75&amp;strip=all 150w\" sizes=\"auto, (max-width: 887px) 100vw, 887px\"\/><\/a><figcaption>PancakeSwap is a decentralized exchange on BNB Chain that connects directly to wallets without ID. <span class=\"credit\">SOPA Images\/LightRocket via Getty Images<\/span><\/figcaption><\/figure>\n<p>Despite the risks, demand keeps rising.<\/p>\n<p>\u201cThe appeal lies primarily in privacy and access,\u201d Puckrin said. \u201cGiven the frequency of hacks and leaks in the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a>, it\u2019s no surprise people don\u2019t want to hand over personal data.\u201d<\/p>\n<p>For some, no-KYC isn\u2019t just about convenience. \u201cIn places where banking is limited or the rules are unclear, these platforms make it simple to start trading without hurdles,\u201d Tenorio said.<\/p>\n<p>Others see it as a badge of crypto purity. \u201cAs the old adage goes, \u2018not your keys, not your coins\u2019\u2026\u201d said Dave Liebowitz, Head of Growth at Cap.<\/p>\n<figure class=\"wp-block-image aligncenter size-large\"><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/secure.money.com\/pr\/k38d706664dc?s1=bw32\"><img style=\"aspect-ratio:0.79980469;display:block\" loading=\"lazy\" decoding=\"async\" data-no-modal=\"true\" width=\"472\" height=\"590\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/https-www-instagram-com-p-111868409.jpg?w=819\" alt=\"Best Wallet markets itself as a secure, user-friendly non-custodial wallet supporting 50+ blockchains.\" class=\"wp-image-37171597\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/https-www-instagram-com-p-111868409.jpg?quality=75&amp;strip=all 1440w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/https-www-instagram-com-p-111868409.jpg?resize=240,300&amp;quality=75&amp;strip=all 240w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/https-www-instagram-com-p-111868409.jpg?resize=768,960&amp;quality=75&amp;strip=all 768w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/https-www-instagram-com-p-111868409.jpg?resize=819,1024&amp;quality=75&amp;strip=all 819w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/https-www-instagram-com-p-111868409.jpg?resize=1229,1536&amp;quality=75&amp;strip=all 1229w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/https-www-instagram-com-p-111868409.jpg?resize=480,600&amp;quality=75&amp;strip=all 480w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/https-www-instagram-com-p-111868409.jpg?resize=471,589&amp;quality=75&amp;strip=all 471w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/https-www-instagram-com-p-111868409.jpg?resize=397,496&amp;quality=75&amp;strip=all 397w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/https-www-instagram-com-p-111868409.jpg?resize=515,644&amp;quality=75&amp;strip=all 515w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/https-www-instagram-com-p-111868409.jpg?resize=393,491&amp;quality=75&amp;strip=all 393w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/https-www-instagram-com-p-111868409.jpg?resize=226,282&amp;quality=75&amp;strip=all 226w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/https-www-instagram-com-p-111868409.jpg?resize=165,206&amp;quality=75&amp;strip=all 165w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/https-www-instagram-com-p-111868409.jpg?resize=57,71&amp;quality=75&amp;strip=all 57w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/https-www-instagram-com-p-111868409.jpg?resize=32,40&amp;quality=75&amp;strip=all 32w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/https-www-instagram-com-p-111868409.jpg?resize=56,70&amp;quality=75&amp;strip=all 56w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/https-www-instagram-com-p-111868409.jpg?resize=43,54&amp;quality=75&amp;strip=all 43w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/https-www-instagram-com-p-111868409.jpg?resize=160,200&amp;quality=75&amp;strip=all 160w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/https-www-instagram-com-p-111868409.jpg?resize=231,289&amp;quality=75&amp;strip=all 231w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/https-www-instagram-com-p-111868409.jpg?resize=322,403&amp;quality=75&amp;strip=all 322w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/https-www-instagram-com-p-111868409.jpg?resize=300,375&amp;quality=75&amp;strip=all 300w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/https-www-instagram-com-p-111868409.jpg?resize=353,441&amp;quality=75&amp;strip=all 353w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/https-www-instagram-com-p-111868409.jpg?resize=48,60&amp;quality=75&amp;strip=all 48w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/https-www-instagram-com-p-111868409.jpg?resize=64,80&amp;quality=75&amp;strip=all 64w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/https-www-instagram-com-p-111868409.jpg?resize=46,58&amp;quality=75&amp;strip=all 46w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/https-www-instagram-com-p-111868409.jpg?resize=125,156&amp;quality=75&amp;strip=all 125w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/https-www-instagram-com-p-111868409.jpg?resize=40,50&amp;quality=75&amp;strip=all 40w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/https-www-instagram-com-p-111868409.jpg?resize=150,188&amp;quality=75&amp;strip=all 150w\" sizes=\"auto, (max-width: 472px) 100vw, 472px\"\/><\/a><figcaption>Best Wallet markets itself as a secure, user-friendly non-custodial wallet supporting 50+ blockchains. <span class=\"credit\">Instagram\/@bestwallethq<\/span><\/figcaption><\/figure>\n<p>How long will the party last? Experts say not forever.<\/p>\n<p>\u201cGiven this trajectory, it would not be unusual for regulators to crack down on no-KYC exchanges in the near term,\u201d El Mahdy said, pointing to a $5 trillion crypto market that could double in five years.<\/p>\n<aside class=\"single__inline-module alignright\">\n\t<\/aside>\n<p>White noted the DOJ has already targeted mixers like Tornado Cash. \u201cWe\u2019re seeing that providing any service to a no-KYC entity could all be viewed as potentially aiding illicit activity,\u201d he said.<\/p>\n<p>That puts not just traders but also developers in the firing line.<\/p>\n<p>Still, the outlaw vibe keeps drawing in users. As Dr. Erika Peterson of the University of Arkansas for Medical <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/sciencee\/\" data-internallinksmanager029f6b8e52c=\"5\" title=\"Science\" target=\"_blank\" rel=\"noopener\">Science<\/a>s put it: \u201cFrom my research collaborations with cybersecurity experts, I\u2019ve seen how unregulated systems eventually face harsh crackdowns when security breaches pile up. Regulators always step in after enough damage accumulates.\u201d<\/p>\n<p>For now, no-KYC exchanges are crypto\u2019s speakeasies; wallets in, passports out. The walls may close in, but plenty of traders will keep slipping through the cracks.<\/p>\n<p>And for anyone navigating this chaos, tools like <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/secure.money.com\/pr\/k38d706664dc?s1=bw32\" target=\"_blank\" rel=\"nofollow noopener\" data-nyp-affiliate=\"true\">Best Wallet offer a way to cut through the noise<\/a>. It won\u2019t stop regulators from cracking down, but it can help you trade smarter, dodge scams and keep your portfolio under control when the hype takes over.<\/p>\n<\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" >Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" target=\"_blank\" >News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/business\/best-no-kyc-crypto-exchanges\/\" target=\"_blank\" >Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Best No-KYC crypto exchanges in 2025 explained&#8221; The New York Post may receive revenue from affiliate\/advertising partnerships for sharing this content and\/or if you click or make a purchase. Crypto\u2019s wild west has a new frontier \u2014 and it doesn\u2019t bother asking for your name. But Crypto has always been a gamble. Fortunes rocket. Fortunes&#8230;<\/p>\n","protected":false},"author":1,"featured_media":691893,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2025\/09\/111868699.jpg?quality=75&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[74862,76127,73711,72388],"class_list":["post-691892","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-cryptocurrency","tag-investments","tag-stock-market"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/691892","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=691892"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/691892\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/691893"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=691892"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=691892"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=691892"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}