Meta Description: Check out the top 7 crypto exchanges you can use anonymously without

giving up your identity.

Top Seven Anonymous Crypto Exchanges

Cryptocurrencies found their appeal from the promise of liberation from shady financial
institutions, and government interference. And for a while this was the case, users basked in the
anonymity that decentralization afforded.
However, the recent boom in the global value of cryptocurrencies, especially in 2020, has once
again invited government prying eyes. Most popular exchange now requires you to verify your
identity, the “Know Your Customer” or KYC scheme, effectively challenging the lofty
aspirations of a truly decentralized network.
Fortunately, a few crypto exchanges remain steadfast in their mission to ensure the anonymity of
their users. Here are the top seven anonymous crypto exchanges:

Binance
Binance is currently the biggest crypto exchange, not only in the United States, but in the entire
world by volume traded. Which comes to an average value of $4 billion every day. It has earned
its place in the crypto exchange industry because of its high cryptocurrency listing, as well as
low transaction fees.
The platform will let you deposit, withdraw and trade cryptocurrencies without a KYC
registration – provided your transactions don’t exceed the value of 2BTC daily. You will be
forced to go give up your anonymity however if you want to make transactions above this limit.
The same rule applies for any transaction with fiat currencies.

Godex
Godex is the most robust exchange on this list in terms of anonymity and transaction volume.
Since its launch in 2017, it has been noted for the tight security and speed of transactions.
It provides complete anonymity for its users, without the usually volume limits – that is, you can
trade as much volume as you want without creating an account. The platform also fixes the rate
of cryptocurrencies, thereby reducing the effects of crypto fluctuations on processing
transactions.
However, it does not provide crypto exchange with fiat money, e.g. USD/BTC. But it more than
makes up for it with its listing that goes over 200 different cryptocurrencies that can be
exchanged on the platform.

Kraken
Kraken is another large, popular exchange that allows users transact cryptocurrencies
anonymously. Kraken operates an anonymity system with five tiers, from 0 to 5. To carry out
any transaction, users will have to provide their email, which automatically promotes the user to
tier 1. Here, you can deposit and withdraw cryptocurrencies without providing additional
information.
Kraken has been in existence since 2011, making it the oldest exchange on the list. It has an
history of extremely strong security protocols. Users can enjoy access to 72 cryptocurrencies for
trade. Its charges are also relatively cheap, although higher than Binance.
On the flip side, Kraken has poor user interfaces, that requires getting used to. Its customer
support is not the best either.

Changelly
Changelly is noted for its fast transaction speeds. While changelly allows for anonymous
exchange of cryptocurrencies it only makes a percentage of its crypto listing available without
KYC. It also requires providing an email address used in creating a user account before it allows
transactions.
Users have the option of choosing either a floating or fixed exchange rate while trading on the
platform. Changelly has a safe network that protects user details as well as transactions. It also
has a well-developed interface that is simple to use. The exchange charges a flat rate of 0.5
percent of every transaction.

Bitfinex
Bitfinex began its operations as far back as 2012. Although not a decentralized exchange,
Bitfinex allows its users to exchange cryptocurrencies anonymously. But like Binance, users
have to be KYC compliant to exchange crypto with fiat currencies.
It has a listing of over 70 cryptocurrency exchanges, including USDT, a USD-pegged stablecoin
with close affiliation to Bitfinex.
In addition to exchanges, Bitfinex offers its anonymous users access to other features including:
margin and futures trading. It should be noted however, that Bitfinex has been plagued by
security issues in the past – although it has since risen above it.

BaseFEX
BaseFEX is a has remained firm in its stand against forced KYC policies, promising never to
introduce one on its platforms. You can trade cryptocurrencies on the platform freely, completely
anonymously – with access to advanced transactions like margin trading.
The positive stand against KYC is however limited by its poor listing. It currently only lists ten
cryptocurrencies, while only allowing deposits and withdrawals in bitcoin.

Bitmex
Bitmex is an exchange with a similar anti-KYC policy as BaseFEX. This has earned it on the US
government blacklist. While it offers complete anonymity, the platform has only four
cryptocurrencies available for transactions. Bitmex provides its users with many effective trading
tools.

Conclusion
The fight for complete decentralization and total anonymity continues. But crypto users still have
to make sacrifices on to remain anonymous in their transactions. The listed exchanges are
equipped to bridge the gap in the time being – providing crypto exchange services while putting
their users first.