Accountless Exchanges

Some of the exchanges listed on this website are of the "accountless" type. They work differently from the typical crypto exchange in a few key ways:

• You don't create an account to use them. To make a swap, you just go to their website and select which coin you want to trade for which. If you like their quote (which includes any fees), you send them one coin and receive the other directly in your self-custodial wallet.
• You never store any funds with them. Coin A goes in, is automatically swapped for coin B, and this one is immediately sent to you.
• Each swap has a unique ID you can use when contacting them in case of any issues.
• You don't have to give them any personal info or trust them with your sensitive documents, so you don't have to worry about customer data breaches or risk of identity theft.
• Before a swap, they give you an estimate of the net amount you'll receive, including any trading or outgoing transfer fees.
• You can choose a floating rate, meaning the amount you receive in the end can be a bit higher or lower than the initial estimate, depending on how the market goes.
• Or you can go with a fixed rate, paying a bit more in trading fees, to make sure you'll receive the exact amount quoted.

Are there any caveats?

Most reputable accountless exchanges may ask for KYC in rare cases, if transactions are automatically flagged as potentially suspicious. Make sure to read their FAQ, TOS and online reviews to learn what you can do to minimize the chances of being erroneously flagged.

Also, keep in mind that accountless exchanges are still centralized, and not fully trustless like an on-chain decentralized exchange. Still, they may be worth the trade-off if you want something easier to use, or if you need to make swaps involving multiple chains, chains without smart contract support, or private chains like Monero.

What are the best accountless exchanges?

Here's an overview of the best ones in the market:

StealthEX

• Supports upwards of 1000 different coins
• Supports the Lightning Network for cheap BTC transfers
• Supports many L2 networks like Arbitrum, Optimism and zkSync Era, for cheap ETH and ERC-20 transfers
• Supports XMR, allowing private transactions
• You can buy crypto with fiat, using your credit card (with KYC or not depending on provider and amount)
• Has a mobile app for Android (Play Store and APK)
• Website

FixedFloat

• Supports the Lightning Network for cheap BTC transfers
• Supports Arbitrum for cheap ETH and ERC-20 transfers
• Supports XMR, allowing private transactions
• Around since 2018
• Website