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If the only thing standing between you and a swap is the document queue, CoinVast does the swap part with no account and no ID: 136 coins on 86 networks, native Monero, risk screening before you send instead of a freeze after, and the spread printed on every quote.
Let’s get something out of the way: this is not a Binance hit piece. We do not hate Binance. We built a swap service, not a grudge. Most pages targeting this search open by telling you the big exchange is evil, which is both lazy and wrong, and you can usually smell the affiliate link from the first paragraph. The honest version is that Binance is exceptionally good at several things, and you should know what they are before deciding to swap anywhere else.
Liquidity. By most public volume rankings, Binance runs the deepest spot market in crypto. Deep books mean tight prices: a large market order on a major pair moves the price barely at all, and limit orders fill at the number you typed. No instant swap service, ours included, can match that on size. Anyone who tells you otherwise is selling something.
Futures and pro tools. Perpetuals, options, margin, sub-accounts, an API that trading desks actually build on. If you trade for a living, or even seriously as a hobby, that toolset matters and an instant swapper simply does not have it. We have one button and it says start a swap.
Fiat on-ramps. Cards, bank transfers, P2P markets in currencies most platforms have never heard of. If you hold zero crypto today, Binance turns money into coins, and that step is regulated for real reasons. We are crypto-to-crypto only and always will be, so everyone starts their stack somewhere like Binance. That is not a flaw in either service. It is two different jobs.
The SAFU fund. Binance maintains an emergency insurance fund, the Secure Asset Fund for Users, set aside to cover users if something on their side goes badly wrong, and it has publicly described the fund in the billion-dollar range. Whatever you think of exchange marketing, parking that much capital as a user backstop is a real commitment, and almost nobody else in crypto has one.
Earn products. Staking, savings, recurring buys, tax exports. Boring, useful features for people who treat crypto like a portfolio rather than a hobby. Done well there. Not done here at all.
So why does a page called Binance alternative with no KYC exist? Because all of that comes with a bill. And the bill is not denominated in dollars.
Full KYC, for everyone. Binance requires identity verification before you can trade. In practice that means a passport or ID card, a selfie or liveness check, sometimes proof of address, and a wait while a system decides whether you are allowed in. Once approved, your documents live on their servers, and on the servers of whichever verification vendors they use, indefinitely. Every data set like that is one breach away from being a problem you cannot undo. You can replace a password. You cannot replace your face.
An account to maintain. Email, password, two-factor codes, anti-phishing phrases, device approvals. All sensible security, and all of it exists because the account is a thing worth stealing. You become a phishing target the day you sign up. There is a quiet tax in being a custodian’s customer, paid in vigilance.
Custody. While your coins sit on the platform, they are in Binance’s wallets, not yours. The industry’s oldest proverb, not your keys, not your coins, was not written about any one company. It was written about the arrangement itself. Custody is what makes everything else on this list possible, including the next item.
Withdrawal approvals and freezes. Like every custodial exchange, Binance’s terms allow accounts and withdrawals to be locked pending review. How often that happens there, we genuinely do not know, and we are not going to dress up anecdotes as statistics. What we can source: the California DFPI lists frozen funds and withdrawal delays among the top crypto complaint categories it receives, and the best-documented horror stories in our research come from instant swap services rather than Binance. Public reports through 2025 and 2026 describe holds running past two and a half months at ChangeNOW, a $5,500 SimpleSwap order unresolved after more than 150 days, and freezes of four to six months at FixedFloat. The point is not that Binance is the worst offender. The point is that a freeze is a property of custody plus after-the-fact compliance, wherever those two meet.
Our design removes the meeting point. Screening runs before you send, while your coins are still in your wallet. Pass and the swap runs, and a completed swap is final. Fail and the deposit auto-returns minus the network fee, no documents demanded. The one exception is sanctions-listed addresses, which are rejected outright, because the alternative is us breaking the law. That is the whole policy, and the trust page is the binding version.
Three honest tools, three different jobs. Here is where each one actually stands, without pretending any column is good at everything.
| What matters | Binance | CoinVast | Typical DEX |
|---|---|---|---|
| Account | Required. Email, password, 2FA. | None. Paste an address and go. | None, but a connected wallet. |
| KYC | Required before trading. | Never. Addresses are screened, not people. | None at the protocol level. |
| Custody | They hold your coins while you are on the platform. | Minutes, during the swap only. Screened before it starts. | None. Your wallet the whole time. |
| Coins | Hundreds of listings, deepest on majors. | 136 coins across 86 networks, cross-chain by default. | Thousands of tokens, one chain at a time. |
| Monero | ✗ Not listed. | ✓ Native XMR, in and out. | ✗ XMR does not live on DEX chains. |
| Fee model | Maker/taker schedule, low per trade, plus withdrawal fees. | Flat 2% spread, fixed at quote time and printed on the quote. Network fee its own line. | Pool fee plus gas, plus slippage you set yourself. |
| Time to first swap | Signup and verification first. Minutes if checks pass, days if you land in a queue. | About a minute to create an order. 5 to 30 minutes to done. | As soon as your wallet holds gas on the right chain. |
| Best for | Active trading, fiat in and out, big size, earn products. | One-off cross-chain swaps with no account, and privacy coins. | On-chain token trading within one ecosystem. |
Binance column based on its publicly described product as of June 2026; policies change, so verify anything load-bearing on their own pages. The DEX column describes the common pattern, not any single protocol.
How to read this table without squinting: pick your row. If the row you care about most is fee model or coins, Binance probably wins and you should go there with our blessing. If it is custody, a DEX wins, as long as everything you own lives on one chain and you do not mind gas math. And if the rows that matter are account, KYC and Monero, that is the exact set we built CoinVast around. No single column is the adult in the room. They are three different bets about what you are willing to trade for what, and the only wrong move is picking a column without knowing which row you actually care about.
Five honest situations. Four where skipping the account wins, and one where it loses, because a decision guide that only ever points at its own product is an ad.
Binance does not list Monero, and most large exchanges dropped it under the same compliance pressure. We carry native XMR, in and out, plus Zcash and Dash. If XMR is why you are leaving, this is not so much an alternative as the only kind of place left that does the job.
Opening a full trading account for a single conversion is like opening a bank account to break a twenty. One order here takes about a minute to create, finishes in 5 to 30, and leaves nothing behind to maintain, secure or remember a password for.
Passport expired, name recently changed, nothing with your address on it, or you simply do not want a third copy of your ID living on another server. Verification queues do not care about your reasons. We never start that conversation: we screen addresses, not faces.
Minimums start at 0.0002 BTC and 0.005 ETH. For an $80 swap, signup plus KYC plus a withdrawal-address whitelist is more process than the money deserves. Here the whole thing is one payment, with the spread and network fee printed before you send.
Active trading, big size, margin, fiat in and out, earn products: Binance is plainly better at all of it, and an instant quote will not beat a deep order book on a six-figure trade. If that is your job, stay there. Come back when the job is one clean swap.
Four steps, no account recovery flow at the end of any of them. The slowest step belongs to your blockchain, not to a verification queue.
Choose what you send and what you receive from 136 coins on 86 networks. The quote shows the rate, our flat 2% spread, and the network fee on its own line, before you commit to anything. The rate locks the moment you create the swap, so the number you see is the number you get. No login screen stands between you and it.
Your payout address, plus a refund address as the guaranteed way back. That is the entire form. No email, no password, no app download, no verification selfie shot against a white wall.
Send the exact amount from a wallet you control, within the 30-minute order window. Your deposit is screened before the exchange starts. Pass and the swap runs. Fail and the coins auto-return to your refund address, minus only the network fee.
The order page tracks every stage with transaction hashes. Most swaps finish in 5 to 30 minutes, and the slow part is the blockchain, not us. Bookmark the link: it is your receipt and your tracking page in one.
In most places, yes. KYC obligations sit on businesses, not on you as a customer, and choosing a service that does not require an account is no more illegal than paying cash at a shop that does not ask your name. Swapping coins you already own is not a crime. Two honest caveats. Rules differ by country and keep moving, so know your own jurisdiction. And taxes do not disappear because nobody asked for your passport: a coin-to-coin swap is a taxable event in plenty of countries, and that is between you and your tax office. On our side, every order goes through sanctions and risk screening before it runs. Skipping the paperwork is not the same as skipping the law, and we built the service so you never have to choose between the two.
Any custodial exchange can, and the terms you accept at signup generally say so: accounts and withdrawals can be locked pending review. How often that happens at Binance specifically, we honestly do not know, because nobody publishes those numbers and we will not invent them. What our research does document is the wider pattern. California's financial regulator, the DFPI, lists frozen funds and withdrawal delays among the top crypto complaint categories it receives. And the loudest individual cases in our notes come from instant swap services: holds running past two and a half months at ChangeNOW, a $5,500 SimpleSwap order still unresolved after more than 150 days, freezes stretching four to six months at FixedFloat through 2025. The mechanism is the same anywhere your coins sit in someone else's wallet while a risk model makes up its mind. Our answer to it is structural: screening happens before you send, so there is no point in the flow where we hold your money while deciding what to ask of you.
Compliance pressure, mostly. Monero hides amounts and counterparties at the protocol level, which is the entire point of Monero and the entire problem for a custodial exchange. Chain-analysis tools cannot score what they cannot see, regulators lean on platforms that touch fiat, and delisting is the cheap way out. So most large exchanges, Binance among them, no longer carry XMR, and our research notes the same pattern at instant swappers: ChangeNOW restricted it, SimpleSwap's support for it is unstable and region-dependent. The result is that the privacy crowd migrated to the handful of services that still take Monero seriously. We are one of them: native XMR, not a wrapped stand-in, swappable in and out. If Monero is your reason for leaving Binance, you do not need an alternative exchange so much as a different kind of service entirely.
For trading and fiat, honestly, no. We have no order book, no charts, no margin, no card deposits, no way to turn your salary into sats. If you trade actively or move serious size, a deep order book with limit orders will beat an instant quote, and that is just how liquidity works. For swapping, yes. If the job is turning coin A into coin B without an account, we do that one job with less friction than Binance can structurally offer: no signup, no documents, screening before you send, spread printed on the quote, done in 5 to 30 minutes. Think of it less as a replacement and more as the right tool for a different job. Plenty of people will use both, and that is fine with us.
Minimums are per coin and shown before you type anything: 0.0002 BTC, 0.005 ETH, 0.05 XMR, that scale. Small on purpose, so you can test us with lunch money before trusting us with more. We do not publish a hard maximum. For big amounts the real ceiling is live liquidity, and the quote is the honest answer: if we can fill it, the number on the card is real, and if we cannot, you find out before you send rather than after. Larger orders get a harder screening look at the addresses involved, still before anything moves, and never paperwork about you. One more honest note: we launched in 2026, so starting small with us is not paranoia, it is good sense. We would do the same.
For an active trader, Binance is cheaper per trade, full stop. Spot fees there run around a tenth of a percent before discounts, and no instant swapper beats that on raw rate. Our pricing is a flat 2% spread, fixed the moment you create the swap and printed on every quote, with the network fee as its own line at cost. So why would anyone pay more? Because a single swap on a trading platform is never just the trading fee. It is signup, KYC, a deposit wait, possibly two trades through a quote currency, a withdrawal fee, and your documents living on one more server. For one conversion, that overhead often costs more than our spread, in time if not in money. For a hundred conversions, it does not, and Binance wins. We would rather you do that math with real numbers than discover it later, which is why the spread is on the quote and not in a help-center footnote.
No and no. There is no email field anywhere in the flow, and the site is just a website. Your order link is your receipt and your tracking page, so bookmark it or save it somewhere you will find it again. The swap history you see under My swaps lives in your own browser's storage, not on our servers, which is also why it will not follow you to another device. If something goes sideways and you want a human, email [email protected] and include your order link. That is the one moment email enters the picture, and it is you choosing to use it, not us requiring it.
It comes back automatically, to the refund address you gave when you created the order, minus only the network fee to send it. Nobody emails you asking for a passport, a selfie or a bank statement, because we do not collect documents, under the threshold that applies to us, ever. The order page shows the refund with its transaction hash, so you are never guessing where your coins went. There is one exception, and we print it everywhere rather than hide it: addresses on sanctions lists are rejected, and in those cases the law can restrict how, or whether, funds are returned. That is the single hard no in the whole service. For everyone else, fail means refund, not negotiation.
More often than you might think. When you want Monero, which Binance does not list. When you want a swap that is not attached to your account history and trading profile. When a withdrawal review would be slower than the swap itself, and the coins need to move now. When you are helping someone who has no account and no appetite for creating one. Or when it is 2 a.m., the conversion is small, and logging in, passing a security check and whitelisting a withdrawal address feels like a lot of ceremony for moving $80 of SOL into XMR. Keep the Binance account for trading and fiat. Use us when the job is one clean swap, no questions asked, and screening done before you send.
Everything about CoinVast on this page is our own published policy; the trust page and terms are the binding versions. Binance strengths describe its publicly documented product, kept deliberately general. Claims about freezes and complaints come from these public sources, each read June 10, 2026:
Spot something outdated? Email [email protected] and we will fix it.
No account · spread printed on the quote · typical swap 5 to 30 minutes