The bureau · Exchanges
No-KYC exchanges, audited.
Most exchanges demand your ID before you can withdraw — and some freeze funds the moment you try to leave. We read each platform's terms, test how anonymous trading and custody really are, and rate it. Ranked by overall score; every card links to the full case file.
- Exchanges audited
- 8
- Never-KYC
- 4
- Non-custodial
- 7
- Avg score
- 5.6/10
- Paid listings
- 0
The directory
Every no-KYC exchange, ranked.
RoboSats
One click generates a robot avatar. No email, no username, no account — just a Lightning trade over Tor.
- 0KYC
- No account
- Non-custodial
- Open source
- Monero
Bisq
A decentralized exchange that is software, not a company. No account, no KYC, funds in 2-of-2 multisig you control.
- 0KYC
- No account
- Non-custodial
- Open source
- Monero
Trocador.app
A no-KYC, non-custodial swap aggregator: it routes your trade to the best partner exchange and rates each one’s KYC/AML risk A-D. Trocador never asks for ID - but the partner it routes to still can.
- 0KYC
- No account
- Non-custodial
- Monero
Peach Bitcoin
Install the app and trade Bitcoin peer-to-peer - no email, no account, no ID. Peach polices abuse with hard trading limits instead of KYC.
- 1KYC
- Non-custodial
- Monero
Hodl Hodl
Non-custodial P2P Bitcoin with 2-of-3 multisig escrow - but it needs an email account and reserves the right to ask for ID.
- 2KYC
- Non-custodial
- Monero
LocalCoinSwap
A non-custodial P2P marketplace you can trade on with just a username and a wallet - but it reserves the right to demand ID "at its sole discretion," carries a UK FCA warning, and draws recurring surprise-KYC complaints.
- 2KYC
- Non-custodial
Haveno (RetoSwap network)
Monero-native, non-custodial P2P over Tor, with no ID ever. But "Haveno" is a framework: you actually trade on an independent network (mainly RetoSwap) - and that network was exploited twice in 2026.
- 0KYC
- No account
- Non-custodial
- Open source
- Monero
Majestic Bank
A no-account Monero/Bitcoin swapper that was genuinely no-KYC - until it shut down in July 2025, the anonymous operator became unreachable, and some users were left with unpaid refunds. Listed as a warning.
- 0KYC
- No account
- Monero
Compare at a glance
Side by side.
- RoboSatsOne click generates a robot avatar. No email, no username, no account — just a Lightning trade over Tor. Never KYC 0 94 72 0 8.1
- BisqA decentralized exchange that is software, not a company. No account, no KYC, funds in 2-of-2 multisig you control. Never KYC 0 92 74 0 7.5
- Trocador.appA no-KYC, non-custodial swap aggregator: it routes your trade to the best partner exchange and rates each one’s KYC/AML risk A-D. Trocador never asks for ID - but the partner it routes to still can. Never KYC 0 86 65 0 7.4
- Peach BitcoinInstall the app and trade Bitcoin peer-to-peer - no email, no account, no ID. Peach polices abuse with hard trading limits instead of KYC. No-KYC 1 71 72 0 7.2
- Hodl HodlNon-custodial P2P Bitcoin with 2-of-3 multisig escrow - but it needs an email account and reserves the right to ask for ID. On-trigger 2 58 74 0 6.6
- LocalCoinSwapA non-custodial P2P marketplace you can trade on with just a username and a wallet - but it reserves the right to demand ID "at its sole discretion," carries a UK FCA warning, and draws recurring surprise-KYC complaints. On-trigger 2 44 38 0 4.0
- Haveno (RetoSwap network)Monero-native, non-custodial P2P over Tor, with no ID ever. But "Haveno" is a framework: you actually trade on an independent network (mainly RetoSwap) - and that network was exploited twice in 2026. Never KYC 0 92 42 0 3.0
- Majestic BankA no-account Monero/Bitcoin swapper that was genuinely no-KYC - until it shut down in July 2025, the anonymous operator became unreachable, and some users were left with unpaid refunds. Listed as a warning. Defunct 0 90 8 1 1.0
Scores follow the published methodology — Privacy×50% + Trust×30% + Reliability×20%, capped by any freeze rule. Nothing here is paid placement.
Ask the bureau
No-KYC exchanges — common questions
What is a no-KYC crypto exchange?
One you can trade on without submitting identity — no government ID, and ideally no account or email at all. The strongest are non-custodial and peer-to-peer: you trade directly with another person through multisig or Lightning escrow, and the platform never holds your funds or your identity.
Which no-KYC exchange is best?
By our scoring, RoboSats ranks highest (8.1/10). Every service here is ranked by the same Privacy/Trust/Reliability formula we use for VPNs, and nothing is paid placement.
Are no-KYC exchanges legal and safe?
Using a no-KYC exchange is not itself illegal in most places, but you keep more responsibility: there is no custodian to recover funds from and disputes fall to escrow arbitration. We score custody model, audit status and incident history precisely so you can weigh that safety, not just the privacy.
What do "Never KYC" and "Verified" mean?
Never KYC means identity is never required — no ID, no account, ever (KYC level 0). Verified means we have confirmed that posture with outside evidence such as an independent audit, a court record, or a law-enforcement action that produced nothing. A service can be genuinely no-KYC without yet earning Verified.
Do these exchanges hold my funds?
Mostly no — 7 of the 8 we audit are non-custodial, meaning your coins sit in multisig or Lightning escrow that requires your key. That is the single biggest protection against a platform freezing or losing your funds.
Have a case we haven’t covered? Ask the bureau.