It happens that you need a swap DOGE to BTC very urgently and without unnecessary movements, but there is no confirmed account on the popular exchange. Wasting time on KYC for some reason is not. Or you just don’t want to trust personal information to yet another platform. In such cases, crypto exchanges come to the rescue, where you can still perform basic transactions immediately after registration.
The further, the more centralized exchanges (CEX) refuse to work with anonymous clients. Even on those of them, where it is still possible, anonymous clients get limited access to the functionality of the platform. For example, crypto-fiat transactions may not be available to them, certain types of trading, or withdrawal of funds is limited to a certain amount.
An alternative to centralized exchanges can be decentralized exchanges. To trade on decentralized platforms, it is enough to have a DEX-compatible wallet. However, this segment of the cryptocurrency market is still very young. The platforms themselves are still far from perfect, their capabilities are more limited, and the interface and operating principles are very different from the usual ones. The prerequisites for the fact that DEXwill become serious market players are already visible, but so far it can be very difficult to do without CEX.
Consider several centralized platforms that are loyal to anonymous users.
KuCoin was created back in 2014, but it has become popular only recently. Now it continues to develop and holds many contests and promotions, including tournaments for traders, with large prize pools. In addition, a mobile application is available, and the interface of the exchange has a simple and clear design.
After registering on KuCoin, you can immediately start working with cryptocurrency and trade without restrictions, including with leverage. Cryptocurrency withdrawal without registration is possible only to other wallets. KYC verification is required only for P2P transactions or card deposits.
After registering an account on the Huobi exchange, you will have access to your exchange wallet, the ability to deposit and withdraw funds in any available cryptocurrency. A new user can trade, using P2P trading or replenishing a deposit with a card will be difficult.
P2P sellers are wary of unverified users and it will be problematic to find a counterparty. To perform crypto-fiat transactions, at least minimal verification is required.
If you have enough options for depositing, storing, trading and withdrawing cryptocurrencies, you can consider the OKX exchange as an option. But if your plans include topping up your balance with a card or making P2P transactions, you can’t do without KYC. At the same time, it is important to note that you can be verified both as a private user and as a corporate user if you use a business account.
The Bitget exchange is one of the most loyal to anonymous users and quickly became popular. After registration, a new user gets full access to all platform functions, including copy trading. Low commissions, no trade limits, and the ability to subscribe to multiple traders are all components of the platform’s success.
However, as with many other exchanges, verification on Bitget becomes mandatory if you want to use card top-ups or P2P transactions.
Strictly speaking, LetsExchange is not a classic exchange, it is a service for a quick exchange of cryptocurrencies. Unlike traditional platforms, its functionality is available even without registering an account. The platform works without commissions and any restrictions on the amount and number of transactions. More than 2,000 coins and tokens, as well as fiat currencies, are available for purchase, sale and exchange. LetsExchange does not provide storage services and you need an offline crypto wallet to use the service.