No KYC Crypto Exchange List for 2026
Onboarding and access30Custody and settlement25Trading cost20Market coverage15Liquidity10the method in full
Ranking
Venues that trade perpetual futures without identity documents
This is the register itself, and the rule behind it is one sentence: a venue is entered when the sign-in its own onboarding pages document is a signature from a wallet the trader already holds, with no email account, no social login and no wallet the venue opens on their behalf. Four of the ten venues this desk marks pass — EVEDEX, Extended, Lighter and Aevo. ApeX Omni, Aster, dYdX, edgeX, Hyperliquid and Paradex each publish a second door and are kept out, whatever their marks. Inside the four, the order is the overall score: onboarding and access carry 30 of the 100 weight, custody 25.
| Place | Venue | Score of 5 | Maker / taker | Perp markets | Use it for |
|---|---|---|---|---|---|
| 1 | LighterHybrid, ZK-proven | 4.5 | 0% / 0% | 214 | 0% default fees with an exit that does not need the operator |
| 2 | ExtendedHybrid | 3.9 | 0% / 0.025% | 325 | the widest market list on the register |
| 3 | EVEDEXHybrid | 3.4 | 0.015% / 0.045% | 52 | screening it describes in writing, and markets beyond crypto |
| 4 | AevoHybrid | 3.3 | 0.050% / 0.080% | 102 | a wallet connection and an hourly trip to Ethereum |
Prices are the entry tier on the BTC perpetual and counts are the venue's own. Two venues on the same total hold the same rank. Who may open an account is settled in each venue's terms, so read the ones that cover you. Entry-tier BTC perpetual rates, before volume changes them, read on 18 September 2026; market counts are what each venue documents in its own terms. One formula scores every page on this site, and access differs by country: read your own jurisdiction's terms before money moves.
The verdict
Every no KYC crypto exchange in this list opens perpetual positions from a wallet signature and offers no other way in. Zero default fees and a documented exit put Lighter first; Extended follows on the widest market list of the four; EVEDEX names on-chain screening of deposits in its own documentation.
Order
What sets the order
- Nothing to upload, and nothing else to sign in with: all 4 entries take a wallet signature and stop there.
- Terms still matter: Extended reserves a risk assessment before access, quoted in its card below.
- Screening described openly: EVEDEX publishes that deposits pass automated on-chain AML screening.
- Resting BTC depth inside 10 bps: $17.9 million on EVEDEX and $16.7 million on Lighter, against $3.8 million on Aevo.
1 · Lighter — 0% default fees with an exit that does not need the operator
Lighter registers an account by signing a message from an Ethereum wallet, with no email step (Lighter docs, checked 18 September 2026). Its default account trades at 0% maker / 0% taker, adding 300 ms to taker orders, and every batch of trades is proven on Ethereum. Critical exits — withdrawals and reduce-only orders — can be submitted on-chain, so the sequencer cannot sit on them.
Entered for
- 0% maker and taker on the default account
- Documented on-chain exit
Entered against
- 300 ms taker delay on free accounts
- No public bug bounty programme
Not for latency-sensitive bots on the free tier.
Official site: docs.lighter.xyz
2 · Extended — the widest market list on the register
Extended registers an account with two wallet signatures, EVM or Starknet (Extended docs, checked 18 September 2026), and lists 325 perpetual markets across six asset classes. Its terms are also the most explicit about what could change: access can be denied after a Know Your Transaction risk assessment (Extended terms of use, checked 18 September 2026). Fees are 0% maker / 0.025% taker.
Entered for
- 325 perpetual markets
- 0.025% taker fee
Entered against
- Terms reserve a risk assessment before access
- No documented forced withdrawal
Not for traders who want the terms to rule out checks entirely.
Official site: docs.extended.exchange
3 · EVEDEX — screening it describes in writing, and markets beyond crypto
EVEDEX signs in with a wallet and states plainly what happens next: it does not run traditional KYC to trade, and deposits pass automated on-chain AML screening (stated in the EVEDEX documentation, 18 September 2026). It is a hybrid venue — orders match off-chain, settlement runs on Arbitrum — listing 52 perpetual markets that include gold through XAUT, silver, crude oil, two FX pairs and US-listed shares, all trading around the clock. Fees are 0.015% maker / 0.045% taker.
Entered for
- Screening described in writing
- 52 markets across six asset classes, all 24/7
Entered against
- Positions are written to Arbitrum in batches, not trade by trade
- No documented forced withdrawal
Not for UK retail clients.
4 · Aevo — a wallet connection and an hourly trip to Ethereum
Aevo takes an EVM wallet connection and says so in its terms of service: a trader transacts only through the wallet service they chose (Aevo terms, checked 18 September 2026). Orders are matched in an off-chain book and risk engine; matched trades settle in Aevo's contracts on its own optimistic rollup, whose batches are posted to Ethereum every hour. 102 perpetual markets, pre-IPO names among them, priced at 0.050% maker / 0.080% taker.
Entered for
- 102 perpetual markets across five asset classes
- Every matched trade settles in contracts on its own rollup
Entered against
- 0.080% taker fee, the highest on the register
- Median BTC depth of $3.8 million
Not for traders who need a deep book on demand.
Official site: aevo.xyz/docs
Detail
What a no KYC crypto exchange still checks
No documents does not mean no checks. Deposits arrive on-chain, and two venues in this list describe what happens to them in writing rather than leaving it unsaid: EVEDEX states that deposits pass automated on-chain AML screening, and Extended's terms reserve the right to deny access after a Know Your Transaction risk assessment. Lighter and Aevo publish nothing either way in the documentation we read. Every venue here excludes sanctioned persons, and each keeps its own list of places it will not serve. Those lists sit in the terms you accepted when you connected a wallet, so read them at the source: reaching a venue through a VPN breaks the agreement rather than working around it. None of that is a check on the position itself. Whatever the door asks for, a leveraged position asks for margin and can take all of it.
Scope
The six venues held back by the door, not by the score
ApeX Omni, Aster, dYdX, edgeX, Hyperliquid and Paradex are marked against the same five headings as the four above, and two of them finish above every entry here but Lighter. None is listed, because each one's onboarding pages document a second way in: an email address or a social account, with a wallet minted, split into key shares or otherwise arranged by the venue at the far end of it. That is the one thing this register is built to sort on, so it decides the list before any score is read.
The exclusion is a statement about the door and nothing else. It is not a finding that those venues run checks, hold collateral badly or charge too much, and their full marks sit on how we rate where anyone can compare them with the four here. Two of them keep a page of their own on this site, in head-to-head comparisons that say in their own text which side of the line each venue falls on.
Context
Pool-priced venues we did not score
GMX, gTrade, Ostium, Jupiter Perps and Drift's Velocity fork also trade without documents, and GMX's documentation calls access permissionless in as many words. They price positions against an oracle and fill them from a pool rather than an order book, so the liquidity criterion here — resting depth within 10 basis points — has nothing to measure on them. Drift's fork, GMX, Jupiter Perps and Orderly pass the door test that runs this register even so, and they are listed with their onboarding terms, and without a score, on wallet-only platforms.
Readings
Our measurements
BTC perpetual order books sampled on 19 September 2026, ten minutes between readings, beginning just after midnight UTC. Every figure below is the median of all successful snapshots, and the last column says how many there were.
| Venue | $10,000 round trip, taker fees | Median spread | Median depth within 10 bps | Median impact, $100,000 order | Snapshots |
|---|---|---|---|---|---|
| Lighter | $0.00 | 0.01 bps | $16.7 million | 0.62 bps | 56 |
| Extended | $5.00 | 0.12 bps | $7.3 million | 0.06 bps | 56 |
| EVEDEX | $9.00 | 4.12 bps | $17.9 million | 2.06 bps | 56 |
| Aevo | $16.00 | 1.91 bps | $3.8 million | 3.04 bps | 56 |
Method
How this table was built
Not one of these figures was requested from a venue. The sign-up page, the terms of use behind it, the fee schedule, the market list — each quoted as it stood on 18 September 2026, and where a marketing line and a contract disagree the contract is what gets printed. All 4 venues here are marked against one rubric, set down on 21 September 2026 before any had been read. Depth is the exception: nobody publishes it usefully, so each venue's public BTC book was opened here and sampled on 19 September 2026, ten minutes between readings, beginning just after midnight UTC. No account was registered, no order sent.
Which venues were eligible to be marked at all is settled before any of that, by the one test this desk applies: the sign-in a venue's own onboarding pages document has to be a signature from a wallet the trader already holds, with no email account, no social login and no wallet the venue opens for them behind it. EVEDEX, Extended, Lighter and Aevo meet it and carry an order book we could sample. The admission test names the venues it keeps out, and the front-page door count is where a reader can check the sorting venue by venue.
Silence in a column is not a clean finding: a venue that writes nothing about screening is recorded as having written nothing. Every door and every custody line above is a venue describing itself, in a document it wrote and may rewrite, and one address on one day can be asked for more than any page here records.
Two narrower ones. Depth was read on BTC books alone; fee columns carry the rate a new account is charged, nothing taken off.
Questions
Common questions
What does no KYC mean in crypto?
It means the venue does not collect identity documents to let you trade. On the venues here, a wallet signature opens a position. It does not mean nothing is checked: deposits arrive on-chain, EVEDEX describes automated AML screening of them, and every venue excludes sanctioned persons in its terms.
Which crypto exchanges have no KYC?
The 4 listed here — Lighter, Extended, EVEDEX and Aevo — plus ApeX Omni, Aster, dYdX, edgeX, Hyperliquid, Paradex and the pool-priced GMX, gTrade, Ostium, Jupiter Perps and Drift's Velocity fork. Each opens a perpetual position without documents; only the first four take a wallet signature and nothing else.
Are non-KYC exchanges safe?
Skipping documents does not remove risk; it moves it. What protects a trader is custody: whether trades are recorded on-chain and whether withdrawals work without the operator. Lighter is the entry here that documents an exit bypassing the operator, and our custody criterion counts exactly that.
Which non-KYC exchange has the lowest fees?
Lighter charges nothing on its default account, so a $10,000 taker round trip costs only the spread. Among the three that do charge, Extended is cheapest at 0.025% taker, or $5.00 for the same round trip at the entry tier, with EVEDEX at $9.00 before cashback.
Should I use a decentralized exchange to avoid KYC?
Choose a venue on custody and cost rather than on avoiding a form. Pool-priced venues such as GMX ask for nothing at all, but they have no order book to measure. The order-book venues here trade from a wallet and publish depth: our BTC snapshots ran from $3.8 million to $17.9 million inside 10 bps.
Why might someone avoid KYC in crypto?
Documents sit on someone else's server, and exchange data leaks have happened. A wallet signature keeps the account key with the trader. The trade-off is support: with no account, there is nobody to restore access if a key is lost, and terms still bar sanctioned persons.
The Wallet First review desk, desk@cafrodytes.com. Updated: .