Non-KYC exchanges are trending due to their appeal of offering anonymity, privacy and easier access for users who want to avoid identity verification requirements.
Crypto trading platforms that don’t require identity verification are known as non-KYC exchanges. These exchanges allow you to trade without the inconvenience of following Know Your Customer (KYC) procedures that include submitting documents such as identification or proof of address.
Two examples of non-KYC exchanges that allow trading cryptocurrencies without requiring personal identification are Uniswap and PancakeSwap. Uniswap is the top non-KYC exchange, with 12 million monthly active users in August 2024 and a 60% market share. On the other hand, PancakeSwap had 1.9 million unique onsite users in August 2024.
