The world of cryptocurrency is an ever-evolving landscape, with innovative opportunities emerging regularly.

The United States and Canada, despite being major financial players, often find their residents missing out on several of these opportunities.

This is due to restrictions imposed by the Securities and Exchange Commission (SEC).

However, not all is lost.

I’ve explored the crypto-sphere and identified three exchanges – CoinW, MEXC, and Bingx.

These exchanges currently allow trading without obligatory Know Your Customer (KYC) verification, providing an opening for interested traders in the US and Canada.

Now to the exchanges…

1. CoinW

CoinW was founded by a team of crypto enthusiasts with the aim of spearheading the new trend in the cryptocurrency industry.

It prioritizes its users, providing a streamlined interface that makes trading derivatives a breeze.

The exchange supports several cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and many others.

Security-wise, CoinW utilizes a Proof of Reserve protocol.

This ensures the platform has enough funds to cover all its customers’ holdings, establishing transparency and trustworthiness.

The lack of KYC requirements provides users with the privacy they need, making it a viable option for US and Canadian traders.

Sign Up with CoinW

2. MEXC

MEXC is termed the ‘First User-Friendly Cryptocurrency Service Provider‘.

The exchange was founded by some of the pioneers of blockchain technology and fintech.

It offers a comprehensive range of services, from spot trading to futures contracts.

This makes it an excellent choice for traders looking to diversify their portfolios.

As with CoinW, MEXC does not require KYC, creating an accessible environment for crypto enthusiasts.

MEXC takes its users’ security seriously by implementing a multi-tiered security system.

This includes:

• cold storage for digital assets
• anti-DDoS protection, and
• two-factor authentication

Alongside its Proof of Reserve policy, MEXC offers a robust trading platform that gives peace of mind to its users including the US and Canada folks.

Sign Up with MEXC

3. BingX

BingX is a new but rapidly growing player in the crypto-derivative market.

The exchange was founded by a team of financial market professionals.

It offers high liquidity and supports a wide variety of cryptocurrencies.

BingX’s platform is easy to navigate, making it an attractive choice for both newcomers and seasoned traders.

BingX has strong security protocols in place, utilizing a combination of hot and cold wallets to safeguard users’ assets.

Its Proof of Reserve policy adds another layer of assurance to traders, confirming that BingX can meet all withdrawal requests.

With no KYC requirement, BingX caters to users from all locations be it US or Canada.

Sign Up with BingX

Wrap Up

While the SEC’s regulations may limit some crypto trading opportunities for US and Canadian residents, platforms like CoinW, MEXC, and BingX offer alternative solutions.

They provide secure, easy-to-use environments that don’t require KYC, ensuring that the world of crypto derivatives remains accessible.

In regions with restrictions, utilizing a trusted VPN like NordVPN can be beneficial.

However, remember to stay informed about your local laws and regulations regarding crypto trading to avoid any potential legal issues.

And if you are not in any of these countries, Bybit remains your go-to exchange for either spot, P2P, or futures.

As the crypto landscape continues to evolve, make sure you stay informed and updated with us here at Nigeriabitcoincommunity.com, your reliable source for all things crypto!