Crypto Perpetuals Without KYC: 5 Exchanges Compared

Trading crypto perpetuals without Know Your Customer (KYC) verification is possible on five platforms: EVEDEX, Hyperliquid, dYdX, GMX, and Aster. These exchanges offer wallet-based trading, where a connected wallet can replace the usual passport upload for identity verification.

However, it's essential to note that no-KYC trading does not promise anonymity or unrestricted access. The platforms still conduct Anti-Money Laundering (AML) screening using blockchain analysis and on-chain behavior monitoring.

EVEDEX, in particular, uses a hybrid exchange model, combining off-chain order books with blockchain settlement via Arbitrum-based architecture. Its documentation lists fees of 0.015% maker and 0.045% taker before cashback, with varying leverage limits depending on the market.

It's crucial to understand that high leverage leaves little room for price fluctuations against you, and actual liquidation can occur sooner due to maintenance margin requirements, funding, and fees.