Non-KYC crypto exchanges expose users to significant legal risks, including liability for money laundering, asset seizure and tax compliance issues.
Cryptocurrency trading platforms that do not verify users’ identities while onboarding them are called non-KYC exchanges.
Such platforms prioritize user anonymity and privacy, unlike KYC-compliant exchanges, which require users to provide personal information such as government-issued IDs, addresses and sometimes even financial details.
