Search for a private exchange and you'll type both terms: no-KYC and no-AML. Usually you mean one thing — swap crypto without giving up your identity. But the two point at different checks, and knowing which is which tells you exactly what to look for in a service.
KYC, plainly
KYC stands for Know Your Customer: collecting and checking who you are. An ID, a selfie, an address, sometimes a note on where your money came from. A no-KYC exchange gathers none of it. There's no identity to leak, subpoena or sell, because nobody asked for it in the first place.
AML, plainly
AML — Anti-Money-Laundering — is what you feel on regulated platforms as paperwork and holds: deposit screening, risk flags, source-of-funds requests, a balance frozen while compliance reviews your case. Plenty of exchanges that advertise no-KYC still run AML screening on deposits — and ask for documents the moment an order gets flagged.
So where's the line
- No-KYC means the service doesn't ask who you are. No account, no ID, no email.
- No-AML, for you, means no paperwork on your money: no source-of-funds requests, no risk-flag holds, no balance frozen pending review.
- The two are independent — a service can be no-KYC and still hit you with an AML hold. Check for both.
How 0trace runs with neither
- No KYC: no account, no email, no identity collected.
- No AML documents, ever — not at signup, not on payout. There's no review queue and no account to freeze.
- Payouts come from our own liquidity reserves, not recycled from other users' deposits — the coins you receive are clean, and that responsibility stays on our side.
- No IP checks and no logs; orders auto-delete after 72 hours and the encrypted order chat after 24 — or you wipe either one yourself.
How to read a private exchange
- It settles from its own funds and doesn't sit on yours any longer than the swap needs.
- It says plainly what it stores, for how long, and when it's gone.
- It shows a real, live rate you can check before you commit.
- It never asks for documents mid-swap — a service that screens deposits will eventually hold yours.
