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KCEX review

KCEX operates as a centralized exchange, promoting 0% spot trading fees and managing customer funds within its own exchange accounts. According to its help center, basic verification allows a daily withdrawal limit of 30 BTC. However, the user agreement requires an ID document and a photo holding it prior to registration. We have listed the ID requirement as disputed. Securities regulators in both Alberta and Malaysia have issued investor warnings regarding KCEX. In our opinion, these warnings, coupled with the ambiguous ID policy, outweigh the benefit of low fees.

Compare

Sources disagree on ID

KCEX's own pages do not give one answer on when it asks for ID.

ActiveAccount needed

By Ethan ParkerChecked Oct 14, 2026 to Oct 23, 2026How we read the terms

Not statedKCEX's own pages we checked do not say, checked Oct 23, 2026. This is not the same as no.Account needed
Not statedKCEX's own pages we checked do not say, checked Oct 14, 2026. This is not the same as no.No-ID limit per trade
BTCPlus ZECBitcoin, Zcash: supported.
Not statedKCEX's own pages we checked do not say, checked Oct 14, 2026. This is not the same as no.Who holds your coins
Not statedKCEX's own pages we checked do not say. This is not the same as no.NetworkTor onion: None published. I2P: None published. Works without JavaScript: Not stated.
Our verdict

Choose KCEX if

Who KCEX suits, from the values on this page.

KCEX might not be the right fit if

  • You do not want an account: KCEX needs one.
  • You want Monero: KCEX does not list it.
  • You want Lightning: KCEX does not support it.
  • You live in the US: KCEX is not available there.
  • You want a service with no incident on record: KCEX had one in 2026.
Platform

Inside KCEX

What you get with KCEX

Yes, no or partly, from our data

Privacy 0 of 6

  • No IDNot statedKCEX's own pages we checked do not say, checked Oct 23, 2026. This is not the same as no.
  • No account
  • Tor built inNot statedKCEX's own pages we checked do not say. This is not the same as no.
  • Onion addressNone published
  • I2P addressNone published
  • Works without JavaScriptNot statedKCEX's own pages we checked do not say. This is not the same as no.

Coins 2 of 4

  • Bitcoin
  • Monero
  • Lightning
  • Zcash

Custody and code 0 of 3

  • You hold the keysNot statedKCEX's own pages we checked do not say, checked Oct 14, 2026. This is not the same as no.
  • Open sourceNot statedKCEX's own pages we checked do not say, checked Oct 14, 2026. This is not the same as no.
  • Address screeningNot statedKCEX's own pages we checked do not say. This is not the same as no.
ID check

When can KCEX ask for your ID?

KCEX's own pages disagree on when it asks for ID.

  1. 1Never, by designNo company holds your order, so nobody can ask
  2. 2Only if you chooseID only for extras you opt into
  3. 3If a payment is flaggedNo ID by default; checks when a risk system flags you
  4. 4Above a limitID once you pass a stated amount
  5. 5AlwaysID before you trade, deposit or withdraw

If a check comes and you do not pass it

KCEX may suspend or refuse suspicious transactions, reverse them and report to regulators without notifying the user; it may suspend or terminate services and temporarily or permanently freeze account permissions for any reason at its discretion while keeping user data. Press reports (secondary) describe accounts frozen after profitable trading, review deadlines extended for weeks, balances reduced as "abnormal" profits and permanent bans.

“In situations identified by KCEX as suspicious transactions, KCEX may implement restrictive measures such as suspending or refusing the transaction, or possibly reversing the transaction promptly, and simultaneously report to the regulatory authorities, without notifying you.”

What triggers a check: Higher withdrawal limits; frequent concentration of transactions or situations deemed beyond reasonable (suspicion assessment); risk control reviews after profits or withdrawals (press reports: ID and a handwritten statement demanded)

Not stated on KCEX's pages: fee on refusal, refund policyKCEX's own pages we checked do not say. This is not the same as no.

Checked October 23, 2026

Fees and limits

What KCEX costs

WhatKCEX
Trade fee0% spot maker and taker, 0% futures maker, 0.01% futures taker; zero withdrawal fees (event, network list on the fee page).
No-ID limitNot statedKCEX's own pages we checked do not say, checked Oct 14, 2026. This is not the same as no.

Checked October 22, 2026

Your data

What KCEX knows about you

Who sees what during a trade, and who runs it.

During a trade

Data the policy collects
Registration and identity data per the AML section (name, address, date of birth, nationality, ID documents, photo holding the ID, phone, e-mail); browser and computer data including IP address, browser type, language, access times, hardware and software features and requested pages; retention per data protection law, some data kept after account deletion.
What your payment reveals

No ID check does not make a bank payment private.

Network and who runs it

Network
Onion: None publishedI2P: None publishedWithout JavaScript: Not statedKCEX's own pages we checked do not say. This is not the same as no.
Who runs it
Operator: Not named

Checked October 22, 2026

Safety

Track record and code

Two regulator warnings in 2026 on I-SCAN; repeated user complaints about frozen funds after "risk control" reviews (press, secondary); no hack found.

Incidents

  1. 2026Apr 10, 2026 and Aug 28, 2026: Investor warnings on IOSCO I-SCAN: Alberta Securities Commission (KCEX, kcex.com, 2026-04-10) and Malaysia Securities Commission (KCEX Fintech Limited, https://www.kcex.com, 2026-08-28).
  2. 2025Sep 2025: Press report (BrokersView): trader complaint that KCEX froze an account after profitable futures trading for a "risk control review", demanded ID and a handwritten statement, extended the deadline twice, reduced the balance from 1,086.71 to 272.83 USDT citing "abnormal activity" and banned the account; the article cites earlier similar complaints.
Open source
Not statedKCEX's own pages we checked do not say, checked Oct 14, 2026. This is not the same as no.

Checked October 22, 2026

Reddit

Community

Discussions about KCEX on Reddit (r/KCEX)

More facts

More facts we checked on KCEX

I2P address
Not published
Where you live

KCEX in the US and elsewhere

In the US

US availability: Not available

If you are a US person, US sanctions rules apply to you whether or not a service asks for ID.

Outside the US

Where KCEX does not serve

19 places in its terms
  • North Korea
  • Palau
  • Rwanda
  • Cuba
  • Myanmar
  • Sudan
  • Syria
  • Crimea
  • Mainland China
  • Hong Kong
  • Indonesia
  • Singapore
  • Venezuela
  • Bangladesh
  • Pakistan
  • Iran
  • Afghanistan
  • Canada
  • the United States
Show all 19 places+13 moreShow fewer

Regional rule: Not statedKCEX's own pages we checked do not say. This is not the same as no.

Site blocks by region
North Korea; Palau; Rwanda; Cuba; Myanmar; Sudan; Syria; Crimea; Mainland China; Hong Kong; Indonesia; Singapore; Venezuela; Bangladesh; Pakistan; Iran; Afghanistan; Canada; the United States

Where you live and the provider's terms

Many services on this page do not serve every country. Some exclude people because of where they live or their citizenship, not only where they connect from. Read the provider's terms before you send funds. If the terms exclude you, do not use the service, and do not try to get around the restriction, for example with a VPN.

Taxes

A service that does not ask for ID does not change your taxes. In the US, the federal income tax return asks a yes-or-no question about digital assets, and you must report digital asset transactions whether or not they result in a gain or loss. In the UK, you may owe Capital Gains Tax when you sell, swap or spend crypto, and you must keep your own records. Rules in other countries differ.

No KYC is not anonymity

"No KYC" here means the provider says it does not ask for ID in the cases its terms describe. It does not make you anonymous. KCEX's terms say it can ask for ID in these cases: Higher withdrawal limits; frequent concentration of transactions or situations deemed beyond reasonable (suspicion assessment); risk control reviews after profits or withdrawals (press reports: ID and a handwritten statement demanded). Regulated exchanges you send funds from or to may have to collect information about who sends and who receives a crypto transfer. Your tax duties stay the same.

Funds can be held

If a provider asks for more information during a swap or a withdrawal, it may hold your funds until it gets it. Its terms decide what happens next. In the UK, a crypto business that asks for information on a transfer to or from a self-custody wallet, and does not receive it, must not pass the funds on. Read what the provider's terms say before you send. KCEX's terms say that if a check is requested and not completed: kCEX may suspend or refuse suspicious transactions, reverse them and report to regulators without notifying the user; it may suspend or terminate services and temporarily or permanently freeze account permissions for any reason at its discretion while keeping user data. Press reports (secondary) describe accounts frozen after profitable trading, review deadlines extended for weeks, balances reduced as "abnormal" profits and permanent bans.

Checked October 22, 2026

Alternatives

Exchanges to compare with KCEX

Other active services in this category from our list. The shield shows each one's ID rule from its own terms.

Crypton Exchange ID rule: Never, by design. No company holds your order, so nobody can ask.
NonKYC.io Monero ID rule: Never, by design. No company holds your order, so nobody can ask.
BloFin ID rule: Above a limit. ID once you pass a stated amount.
CoinEx ID rule: Above a limit. ID once you pass a stated amount.
Pionex Bitcoin ID rule: Above a limit. ID once you pass a stated amount.

KCEX side by side

From our privacy data, the same fields for every service
WhatKCEXCrypton ExchangeNonKYC.ioBloFinCoinExPionex
ID ruleNot statedNo ID, by designNo ID, by designID above a limitID above a limitID above a limit
AccountNeededNeededNeededNeededNeeded
You hold the keys
Monero
Lightning
Open source

Checked October 23, 2026

Browse ExchangesWhere to buy MoneroBuy bitcoin without KYC
FAQ

Short answers about KCEX

From the data on this page.

Does KCEX ask for ID?

KCEX's own pages do not give one answer on when it asks for ID. You need an account.

Can you buy Monero on KCEX?

No. KCEX does not list Monero, per its own pages.

What does KCEX cost?

Trade fee: 0% spot maker and taker, 0% futures maker, 0.01% futures taker; zero withdrawal fees (event, network list on the fee page)..

Author

Who checked this page

Ethan Parker

Senior Content Editor

Every value on this page comes from KCEX's own pages and code, read on the dates shown. Checked Oct 14, 2026 to Oct 23, 2026.

More from Ethan ParkerHow we read the terms
Sources

Sources, how we read the terms and our process

Sources

  1. fastbull.com/brokersview/news/kcexfacesnewaccusationsfundsvanishaccountpermanentlybannedafterriskcontrolreview-278933, for incidents, checked October 22, 2026
  2. iosco.org/i-scan, for incidents, checked October 22, 2026
  3. kcex.com, for I2P address, checked October 22, 2026
  4. kcex.com/en-US/support/articles/23960524291353, for operator, checked October 14, 2026
  5. kcex.com/en-US/support/articles/23962442522649, for what triggers a check, what happens if a check fails, account, excluded countries, US availability and site blocks by region, checked October 22, 2026
  6. kcex.com/en-US/support/articles/23962442522649, for ID rule, checked October 23, 2026
  7. kcex.com/en-US/support/articles/24021875853593, for data collected, checked October 22, 2026
  8. kcex.com/en-US/support/articles/24159228562585, for ID rule, checked October 23, 2026
  9. kcex.com/exchange/XMR_USDT, for Monero, checked October 22, 2026
  10. kcex.com/fapi/v1/contract/detail, for status, checked October 22, 2026
  11. kcex.com/fee, for bitcoin, Lightning and fees, checked October 22, 2026
  12. kcex.com/markets, for Zcash, checked October 23, 2026

How we read the terms

We do not give privacy services a score. We record what each provider's own pages say: when it asks for ID, the limits, who holds your coins and what it costs. Labels come from each provider's terms, never from our guess. How we read the terms

Our process

We take fees, availability, licenses and coin counts from primary sources: KCEX's own fee schedules, terms and help pages, and the public registers kept by regulators. Every value carries the date we last checked it. The values on this page were checked between October 14, 2026 and October 23, 2026.

Not legal or tax advice. This page explains how these services work and what their own terms say. It is general information, not legal, tax or financial advice. Rules differ by country and change often. Check the rules where you live, or ask a qualified professional, before you use any service listed here.