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Home » Blog » 10 Best No Kyc Exchange In South Africa
Best Centralized Exchange List 2025

10 Best No Kyc Exchange In South Africa

Sam Usa
Last updated: 30/09/2025 6:08 PM
Sam Usa
5 months ago
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Disclosure: We are not a registered broker-dealer or an investment advisor. The services and information we offer are for sophisticated investors, and do not constitute personal investment advice, which of necessity must be tailored to your particular means and needs. !
10 Best No Kyc Exchange In South Africa
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In this article, I will talk about the Best No KYC Exchange in South Africa. Here, I will focus on the top platforms that allow crypto trading without any form of identity verification.

Contents
  • Key Points & Best No Kyc Exchange In South Africa List
  • 10 Best No Kyc Exchange In South Africa
    • 1.StealthEX
    • 2.BingX
    • 3.BYDFi
    • 4.BloFin
    • 5.CoinEx
    • 6.ProBit Global
    • 7.dYdX
    • 8.Kraken
    • 9.Margex
    • 10.MEXC
  • Conclusion

These exchanges offer enormous support for cryptocurrencies, low fees, and privacy-focused features, making them favorable for South Africans who wish to anonymously and effortlessly trade digital assets.

Key Points & Best No Kyc Exchange In South Africa List

PlatformKey Point
StealthEXInstant crypto swaps with no registration required
BingXSocial trading and copy trading features
BYDFiSupports both spot and derivatives trading
BloFinDeFi-focused platform with staking options
CoinExWide range of altcoins and low trading fees
ProBit GlobalUser-friendly interface with multi-language support
dYdXDecentralized derivatives exchange with leverage
KrakenHigh security and regulated exchange
MargexCrypto derivatives trading with up to 100x leverage
MEXCLarge selection of tokens and regular promotions

10 Best No Kyc Exchange In South Africa

1.StealthEX

One of the best no-KYC exchanges operating stealthily in South Africa is StealthEX. Since its establishment in 2018, it has offered instant crypto swaps with no user registration or identity verification, offering ease of use and maximum privacy.

Traders would be more than pleased to know that StealthEX supports over 500 cryptocurrencies which is a huge selection. Its trading fees are competitive, as is the industry standard, and typically 0.25% per swap.

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StealthEX

The platform is also accessible to users from South Africa and offers support globally. As the name implies, crypto is traded seamlessly and anonymously with no limits on the volume making it optimal for… users who would like to retain their privacy and speed without needing KYC done.

FeatureDescription
No KYCInstant crypto swaps with no registration
Crypto SupportSupports 500+ cryptocurrencies
Trading FeesApproximately 0.25% per swap
Country SupportGlobal, including South Africa
Unique DetailAnonymous trading with no volume limits
Founded2018
Visit Now

2.BingX

BingX is a popular cryptocurrency exchange that was set up in 2018. It is well-known for its copy trading as well as derivatives and spot trading options. Traders of all experience levels can participate.

With over 700 cryptocurrencies available, BingX remains highly competitive, charging only 01% maker and 0.1% taker fees for spot trading, and 0.02%, and 0.05% for futures trading. The exchange services over 100 countries including South Africa and has more than 10 million users across the globe.

BingX

Although KYC verification isn’t obligatory for trading activities, it is needed for some functionalities like P2P trading and increased withdrawal limits. BingX is regulated in many regions which include the EU and Australia. This guarantees the users a safe environment while conducting trades.

FeatureDescription
No KYCOptional for basic trading, required for P2P and withdrawals
Crypto Support700+ cryptocurrencies
Trading FeesSpot: 0.1% maker/taker; Futures: 0.02% maker/0.05% taker
Country Support100+ countries including South Africa
Unique DetailSocial trading and copy trading features
Founded2018
Visit Now

3.BYDFi

BYDFi, a crypto exchange based in Singapore that underwent rebranding from BitYard in January 2023, was founded in April 2020. It is known for trading without KYC procedures. The exchange offers over 400 cryptocurrencies and over 600 trading pairs for spot and derivatives markets .

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The trading fees are competitive, with spot trades set between 0.1% to 0.3% and derivatives with up to 200x leverage .

BYDFi

With a global presence, including in South Africa, BYDFi accepts deposits through credit and debit cards, as well as e-wallets. Basic trading has optional KYC, but completing the KYC process allows higher withdrawal limits and other advantages.

FeatureDescription
No KYCOptional for basic trading, required for higher limits
Crypto Support400+ cryptocurrencies, 600+ trading pairs
Trading Fees0.1% – 0.3% spot fees, derivatives with up to 200x leverage
Country SupportGlobal, including South Africa
Unique DetailWide derivatives offering and easy deposit methods
Founded2020 (rebranded from BitYard in 2023)

4.BloFin

The cryptocurrency exchange located in the Cayman Islands, BloFin, was established in September 2019 by Matt H. The exchange is BloFin’s competitive trading fees, which begin at 0.02% for futures trading and 0.10% for spot trading.

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Cybersecurity is a focus for the exchange, with details like a 1:1 proof-of-reserves system and insurance coverage through Fireblocks.

BloFin

Supported by more than 650 cryptocurrencies and over 600 trading pairs accessible for spot and futures markets, the platform offers leverages betwen 150x to 0.02% making it one of the most accessible for traders in South Africa. Spot and futures trading have both flexiable trading fees, with makers at 0.10% and takers at 0.06%.

For South African users, various payment options like credit and debit cards, as well as e-wallets, are available making it easier.

With your payouts, you can withdraw an everyday cap of $20,000 alongside no KYC verification. Nevertheless, South Africans shouldn’t forget that the exchange lacks regulation from the country’s Financial Sector Conduct Authority, and doesn’t accept fiat deposits of P2P trading.

FeatureDescription
No KYCNo KYC up to $20,000 daily withdrawals
Crypto Support650+ cryptocurrencies, 600+ trading pairs
Trading FeesFutures: 0.02% maker / 0.06% taker; Spot: 0.10%
Country SupportGlobal, including South Africa
Unique Detail1:1 proof-of-reserves & Fireblocks insurance
Founded2019

5.CoinEx

Founded in 2017, CoinEx is a prominent cryptocurrency exchange based in Hong Kong. It offers no-KYC trading and is a go-to platform for privacy-focused traders in South Africa. The exchange also offers more than 700 supported cryptocurrencies and 1100 trading pairs, including spot and derivatives (with leverage up to 100x).

CoinEx has competitive trading fees; spot trading fees for makers and takers begins at 0.2%, while futures trading fees start at 0.03% for makers and 0.05% for takers.

Without KYC verification, users can withdraw $10,000 daily. The exchange operates all over the world (including South Africa), and offers various deposit options including credit/debit cards and e-wallets.

CoinEx

While trading does not require KYC, higher withdrawal limits and additional features do. To protect user funds, CoinEx uses cold storage, multi-signature wallets, two-factor authentication, and other robust security measures.

The exchange is regulated in Estonia, and adheres to international anti-money laundering (AML) and know your customer (KYC) policies. For trade with no KYC in South Africa, the user-friendly interface and support make CoinEx a reliable choice.

FeatureDescription
No KYCNo KYC up to $10,000 withdrawal limit
Crypto Support700+ cryptocurrencies, 1,100+ trading pairs
Trading FeesSpot: 0.2% maker/taker; Futures: 0.03% maker/0.05% taker
Country SupportGlobal, including South Africa
Unique DetailRegulated in Estonia with strong security
Founded2017

6.ProBit Global

Founded in 2017 and based in Tallinn, Estonia, ProBit Global is a cryptocurrency exchange that doesn’t require KYC verification. This feature makes it popular among South African traders who value their privacy.

The platform offers support for over 500 cryptocurrencies and more than 600 trading pairs, which include spot markets. ProBit Global’s trading fee is set at 0.2% but can be lower for users that stake their native token, PROB. Users are able to withdraw $5,000 without KYC verification, which increases upon completion of further verification.

ProBit Global

The exchange serves South Africa and other regions and allows deposits through credit/debit cards and e-wallets. While trading does not require verification, higher withdrawal limits unlock additional features and do require KYC verification.

User funds are protected with cold storage, multi-signature wallets, two-factor authentication, and other measures. ProBit Global, which is registered in multiple jurisdictions, including Estonia, operates under a safe trading environment.

FeatureDescription
No KYCNo KYC up to $5,000 withdrawal limit
Crypto Support500+ cryptocurrencies, 600+ trading pairs
Trading FeesFlat 0.2%, reduced with PROB token staking
Country SupportGlobal, including South Africa
Unique DetailMulti-language support and staking incentives
Founded2017

7.dYdX

Launched in 2017 by Antonio Juliano, dYdX is a Decentralized Exchange (DEX) for perpetual contracts and margin trading. dYdX is non-custodial, meaning users trade directly through their wallets without the need for KYC, and it operates on Ethereum Layer 2 (StarkWare) while transitioning to its own blockchain Cosmos (v4).

The platform boasts compatibility with over 35 cryptocurrencies such as BTC, ETH, and USDC. For Bitcoin and Ethereum, up to 20x leverage is offered while other assets offer up to 10x. Trading fees for makers range from 0% to 0.02% while takers are charged 0.05% to 0.1%, all with volume-based discounts available.

dYdX

Users from South Africa and many other countries can access dYdX- excluding US sanction regions. Deposits and withdrawals are free but fast withdrawals incur a 0.1% fee.

The dYDX token allows users to participate in governance while granting fee discounts and staking rewards. dYdX is an advanced trading platform that is looking to further improve its offering.

FeatureDescription
No KYCNo KYC needed due to decentralized non-custodial design
Crypto Support35+ cryptocurrencies
Trading FeesMakers: 0% to 0.02%; Takers: 0.05% to 0.1%
Country SupportGlobal except US-sanctioned countries
Unique DetailLayer 2 and Cosmos blockchain for speed and low fees
Founded2017

8.Kraken

Established in 2011, Kraken is a cryptocurrency exchange based in San Francisco, recognized for having strong security policies and offering a wide range of trading services.

While the platform is available in South Africa, it’s crucial to understand that Kraken, like all others, employs Know Your Customer (KYC) verification for all users, including South Africans. This entails that complete identity verification must be done in order to enjoy full trading features.

Kraken

On the Pro platform, Kraken has spot and futures trading for more than 220 cryptocurrencies, at competitive rates starting from 0.16% for makers and 0.26% for takers. An additional fee is charged for the Instant Buy feature, such as a 3.75% fee for card payments.

Users are able to deposit through bank transfers, credit/debit cards, or digital wallets, but do not support ZAR deposits. Rather, users can deposit in EUR or USD and then convert to ZAR inside their accounts.

FeatureDescription
No KYCKYC mandatory for all users
Crypto Support220+ cryptocurrencies
Trading FeesMakers: 0.16%; Takers: 0.26% on Pro platform
Country SupportGlobal including South Africa
Unique DetailHigh security & regulatory compliance
Founded2011
Visit Now

9.Margex

Cryptocurrency enthusiasts can take advantage of a KYC-free exchange in Margex. Founded in 2019 and located in Seychelles, Margex serves traders from South Africa. It offers trading options on 40+ cryptocurrencies and perpetual futures trading with up to 100x on BTC/USD, ETH/USD, BNB/USD, and some more.

The exchange also features competitive trading fees where makers pay 0.019% and takers 0.06% on trades. Margex allows users to deposit funds through credit and debit cards, as well as crypto transfers. Although KYC isn’t necessary for crypto-only deposits and withdrawals, it is required to unlock higher withdrawal limits.

Margex

Furthermore, Margex is available to traders from South Africa. The platform is unregulated, which could be a drawback for some users.

Users should also note the strong security measures put in place including cold storage for client funds, two-factor authentication, and the ability to demo trade without financial risks.

There are many advantages offered by Margex, but, as some users have reported issues with account access and withdrawals post KYC verification, caution is encouraged.

FeatureDescription
No KYCNo KYC for crypto deposits/withdrawals, optional for higher limits
Crypto Support40+ cryptocurrencies
Trading FeesMakers: 0.019%; Takers: 0.06%
Country SupportGlobal, including South Africa
Unique DetailUp to 100x leverage and demo trading feature
Founded2019
Visit Now

10.MEXC

MEXC is a cryptocurrency exchange with no KYC restrictions that was established in 2018 in Seychelles. This feature will be beneficial for South African traders who value privacy.

The platform supports more than 2,800 cryptocurrencies and features over 3,100 trading pairs, including spot and futures markets with up to 200x leverage.

MEXC offers zero maker fees and low taker fees, which are 0.05% for spot and 0.02% for futures, further increasing profitability. Users can deposit money through bank and credit/debit card transfers as well as through third-party payment processors like Banxa and Simplex.

MEXC

Trading without KYC verification is permitted, but KYC allows for greater withdrawal limits and additional perks. MEXC serves more than 170 countries including South Africa.

The platform is equipped with an intuitive interface accessible in multiple languages. Strong security protocols are in place to protect user funds, including cold storage, two-factor authentication, and an insurance fund.

MEXC does not allow direct fiat currency withdrawals, so users who want to convert their crypto assets to fiat will have to use another platform.

FeatureDescription
No KYCOptional, required for higher withdrawals
Crypto Support2,800+ cryptocurrencies, 3,100+ trading pairs
Trading FeesMaker: 0%; Taker: 0.05% spot; 0.02% futures
Country Support170+ countries including South Africa
Unique DetailZero maker fees, multilingual support, 200x leverage
Founded2018
Visit Now

Conclusion

To summarize, the leading no-KYC crypto exchanges in South Africa guarantee privacy, extensive crypto support, and competitive fees. MEXC, CoinEx, dYdX, and Margex are accessible worldwide. They also secure high levels of anonymity with lower verification requirements.

These platforms afford South Africans flexible options for anonymous trading while remaining dependable and multifunctional across crypto markets.

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