No-KYC FAQ: your questions, answered

Centralized exchanges typically ask for a government ID, a selfie and proof of address, sometimes followed by source-of-funds questionnaires. On Monivo, crypto-to-crypto swaps need none of that — no account, no ID, no documents. Only fiat purchases trigger verification, because banks and card processors require it.

Providers run automated risk checks on every transaction. If a swap trips their rules — for example funds linked to sanctioned addresses or known mixer patterns — they can pause it and request documents. That decision belongs to the provider executing the trade, not to Monivo, and it affects only a small share of swaps.

There is no universal cap. Each provider sets its own per-pair minimums and maximums, and larger amounts are statistically more likely to trigger a risk review. The quote list always shows the live limits before you commit, so you can pick a provider whose range fits your trade.

Yes. No-KYC swaps are wallet-to-wallet: you send from your own wallet and receive directly at an address you control. If you are starting from zero, set up a self-custody wallet first — our wallet setup guide walks through it step by step.

Usually not. When a swap fails before the exchange step, providers refund to the refund address you supplied (or back to the sending address) on the same network, without identity checks. Refund timing and any deducted network fees depend on the provider's conditions, so always enter a refund address you control.

In most countries, yes. Tax obligations follow you, not the platform's paperwork: a crypto-to-crypto swap is typically a taxable event whether or not anyone checked your ID. Skipping KYC changes what the platform collects, not what you owe — keep your own records and check your local rules.

Not on Monivo. Any transaction that touches the banking system — card purchases or fiat payouts — requires identity verification because banks and payment processors legally demand it. The no-KYC flow covers crypto-to-crypto swaps only.

No. Most blockchains are public ledgers: your transaction is visible to anyone, and analytics firms specialize in following the trail. No KYC means the platform doesn't collect your identity — it doesn't hide the on-chain record. If privacy is the goal, the coin you choose matters as much as the exchange.

Monero (XMR) is the reference for on-chain privacy, hiding sender, receiver and amount by default. Zcash offers optional shielded transactions. Bitcoin and most other coins are fully traceable, so “no KYC” on a transparent chain still leaves a public trail.

Aggregators earn a referral commission from the providers that execute each trade, and Monivo discloses its configured affiliate margin openly. No platform fee is added on top of the quoted rate — the rate you see already includes the provider's own costs and margin.