Reported by Ariel Zibler

(Excerpt shared below. To read full report, go to: https://nypost.com/business/best-no-kyc-crypto-exchanges/)

Crypto’s wild west has a new frontier — and it doesn’t bother asking for your name.

In an era when mainstream exchanges demand selfies, passports, and even utility bills, a new wave of traders is sidestepping the red tape. They’re heading for no-KYC platforms, where wallets open the door and IDs stay in your pocket.

“‘No-KYC’ is an acronym for ‘No, Know Your Customer,’” said Kevin Keable, founder of Illinois-based Cipher Sanctum. “It basically means you don’t have to show ID to trade.”

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. 

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.

For fans, it’s freedom. For regulators, it’s a loophole the size of Wall Street.