No-KYC crypto exchange for Monero (XMR): how it works

What "no KYC" means on SilentXMR

KYC ("know your customer") is the identity check that account-based exchanges run before you can trade, usually a name, an ID document and often proof of address. SilentXMR has no accounts, so there is no profile to verify: each swap is a single order.

You enter the coin and amount you send and the address where you want to receive. You get an order ID and a deposit address. That's the whole relationship. Here is everything an order contains:

There is no field for a name, email address, phone number, account or ID document. If you email support, we see the email address you write from.

How a swap works, step by step

1. Choose the coins. Pick the coin you send (BTC, ETH, USDT, USDC, LTC or SOL) and enter the amount. The estimate updates from Kraken's live price as you type.
2. Add your address. Paste the address where you want to receive. For XMR, that is a Monero address starting with 4 or 8.
3. Create the order. You get an order ID, a deposit address and the exact amount you'll receive. It is locked from that moment, even if the price moves before your deposit confirms.
4. Send the deposit. Send the exact amount on the network shown on your order.
5. Receive your coins. Once your deposit confirms, the payout is sent to your address by hand, and its transaction ID appears on your order page.

How other services handle ID checks

Policies differ a lot, even between services that don't need an account. From each service's own terms, checked on 18 October 2026:

• ChangeNOW: its terms make KYC mandatory for residents of the EU, the US, Japan, South Korea, Singapore, Hong Kong, the UAE, Australia and Canada. Elsewhere, its risk system can stop a swap until a verification is passed. Comparison.
• SimpleSwap: its policy says no-KYC swaps apply only to cases identified as low risk, and that it may require KYC on any transaction. Comparison.
• FixedFloat: no registration or personal data needed. Orders with funds clearly linked to crime can be suspended to ask about their origin, and identity verification is described as an exception. Comparison.
• Trocador: it runs no KYC itself, but its partner exchanges may. It rates them from A (no KYC) to D (may hold funds until verification). Comparison.
• SideShift: flagged deposits are reviewed, and serious flags require verification before a refund. It does not list XMR. Details.
• Exchanges with accounts such as Kraken verify you before you trade; Kraken says you can buy and sell once verified. Where to buy Monero.

All of these are summarized side by side on the comparison page.

What to check before using any no-KYC swap

• Published pricing. A spread or fee you can see before you send. Ours is 0.5% on Kraken's last price.
• Rate lock. How long the quote holds and what happens if the market moves. Ours is locked when you create the order, with no expiry.
• ID-check wording in the terms. Whether a swap can be paused, and what happens to your funds if it is.
• Minimums and maximums, so your amount fits.
• A way to follow your order, such as an order ID and a status page, and a support contact.
• Start small the first time you use any service.

Limits, and what SilentXMR doesn't do

• $50 minimum per swap, in the coin you send.
• Above $50,000, email support before you send.
• Crypto only: no bank transfers or cards.
• Not instant: payouts are sent by hand after your deposit confirms, so a swap takes longer than with an automated service.
• Monero only: every swap starts or ends in XMR. The other side can be BTC, ETH, LTC, SOL, USDT (ERC-20, TRC-20, SPL) or USDC (ERC-20, SPL).