Which Crypto Exchanges Need KYC? Withdrawal Limits Without Verification
By Alex Wu · Published
Some traders don't want to upload a passport to every exchange they try. Others just want to know how long verification will hold them up. We checked the identity (KYC) rules of all 21 crypto exchanges on TradeSavings: whether you can trade without it, and how much you can withdraw before you verify.
Data checked: November 2026. KYC rules have been tightening every year, so check the exchange's own page before you deposit.
The short version
- 8 of 21 platforms let you trade without ID. Bitunix has the highest no-KYC withdrawal limit we found (500,000 USDT a day). Hyperliquid has no KYC step at all because you trade from your own wallet.
- 3 exchanges let unverified users withdraw but not trade. Bybit and BingX allow up to 20,000 USDT a day out, so you can rescue funds, but trading needs KYC.
- 10 exchanges require KYC to do anything useful. KuCoin and Phemex set the no-KYC withdrawal limit to zero.
- No-KYC never means no rules. Every exchange still restricts certain countries, and can ask for ID later, for example before a large withdrawal.
KYC rules on 21 exchanges
| Exchange | KYC | Without verification |
|---|---|---|
| Bitunix | Optional | 500,000 USDT a day |
| OurBit | Optional | 30 BTC a day |
| Toobit | Optional | 5 BTC a day |
| BloFin | Optional | 20,000 USDT a day |
| Weex | Optional | about 10,000 USDT a day |
| LBank | Optional | sources disagree (0.5 BTC to 300,000 USDT a day) |
| CoinW | Optional | 2 BTC a day at level 0 (reported) |
| Hyperliquid | Optional | no KYC step: you connect a wallet |
| Bybit | Needed to trade | withdraw only, up to 20,000 USDT a day; no deposits or trading |
| BingX | Needed to trade | withdraw only, up to 20,000 USDT a day; no trading |
| HTX | Needed to trade | very low withdrawal limits; no fiat or P2P |
| Binance | Required | ID + liveness check |
| Bitget | Required | ID + face scan for withdrawals |
| Coinstore | Required | ID + selfie with UID note |
| Crypto.com | Required | ID + selfie |
| Gate.io | Required | ID + selfie before any withdrawal |
| KuCoin | Required | $0 withdrawals without KYC |
| MEXC | Required | ID for primary level |
| OKX | Required | ID + face check |
| Phemex | Required | 0 USDT withdrawals without KYC since 2026 |
| WhiteBIT | Required | required for every user |
What verification usually involves
Almost every exchange asks for the same things: a government photo ID (passport, national ID card or driving licence) and a selfie or short video to prove it is you. Higher levels add proof of address, such as a bank statement or utility bill from the last three months. Coinstore also asks for a selfie holding your ID with a handwritten note showing your user ID and the date.
Most reviews are automatic and finish in minutes. Manual reviews can take up to 48 hours (Binance's stated maximum) or a couple of business days (Crypto.com).
Should you skip KYC?
Trading without ID is convenient, but it has costs:
- Lower limits. Even the generous no-KYC exchanges cap withdrawals far below verified accounts.
- Fewer features. Fiat deposits, cards, P2P and some promotions need KYC on almost every exchange.
- The exchange can still ask later. Accounts can be frozen for review until you verify.
- Referral rewards may need KYC. Many welcome bonuses are only paid after verification, even where trading doesn't need it.
If you value convenience, the optional-KYC exchanges in the table are the realistic choices. If you trade large amounts, verify early so withdrawals are never held up.
How we collected the data
We read each exchange's official verification pages and help articles and, where those were not public, independent 2026 reviews. Limits are the published 24-hour withdrawal limits for unverified accounts. Where sources disagree, the table says so.
TradeSavings may earn a commission when you sign up with a code or link on this site, at no extra cost to you. Trading crypto, forex and CFDs, especially with leverage, carries a high risk of loss. This page is information, not financial advice.
Frequently asked questions
- Which crypto exchange has no KYC?
- Bitunix, Ourbit, Toobit, BloFin, WEEX, LBank and CoinW let you trade without ID within limits. Hyperliquid has no KYC step because you trade from your own wallet.
- Can I use Bybit without KYC?
- Only to withdraw, up to 20,000 USDT a day. Depositing and trading on Bybit need standard KYC.
- Does Binance require KYC?
- Yes. Binance requires identity verification with an ID document and a liveness check.
- What is the highest no-KYC withdrawal limit?
- Among the exchanges we checked, Bitunix allows up to 500,000 USDT a day without KYC.
- How long does KYC take?
- Usually a few minutes. Manual reviews can take up to 48 hours on Binance or a couple of business days on Crypto.com.