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You know the ritual. The passport photo that gets rejected three times for glare you cannot see. The selfie where you hold a piece of paper with today’s date on it, like a hostage. The “verification in progress” email that quietly becomes a three-day wait while the trade you wanted moves on without you. And the strange part: you only wanted to swap one coin you already own for another.
CoinVast is a crypto exchange without verification: no account, no email, no phone number, no ID upload, no selfie, and no proof of address under the threshold, just one payment from your wallet and coins back in 5 to 30 minutes on a typical swap.
This is the entire difference, in one table. Their onboarding is a form with your face in it. Ours is a swap card.
| What they ask for | Big exchanges | CoinVast | The honest note |
|---|---|---|---|
| Account | ✗ Required. Username, password, 2FA, recovery codes. | ✓ Never. Your order link is the whole relationship. | You cannot forget a password that never existed. |
| Email address | ✗ Required, and the newsletters follow. | ✓ Never asked, not even for receipts. | Your inbox stays quiet. We have nothing to send you. |
| Phone number | ✗ Usually required, for SMS codes. | ✓ Never asked. | No login codes at 2 a.m. from a short number you cannot reply to. |
| ID document | ✗ Passport or national ID, photographed just right. | ✓ Never asked under the threshold. | Your passport can stay in the drawer where it lives. |
| Selfie | ✗ Required, sometimes on video. | ✓ Never asked. | Nobody here ever needs to see you holding a handwritten date. |
| Proof of address | ✗ A utility bill from the last three months. | ✓ Never asked. | Utility bills are for utilities. We have nowhere to file yours anyway. |
“Big exchanges” means the large custodial account platforms. The exact verification load varies by country and amount, but the shape is always the same: identify the human first, let them trade later. We never identify the human, so the trade starts now.
No verification does not mean no checks. It means we check the right thing. Identity verification looks at you: your face, your documents, your address. It tells an exchange almost nothing about the coins you are sending. So we skip the person and screen the coins.
Here is the mechanism, in order. You create an order. At that moment, before you send anything, the deposit details run through blockchain risk screening: on-chain data checked against known risk and sanctions lists. Not your name. Not your IP. Addresses and transaction identifiers, which are already public on the chain anyway.
Then one of two things happens, and only two. The deposit passes, the swap runs, and a completed swap is final; nobody re-scores it next week and claws it back. Or the deposit fails, and your coins go back to your refund address automatically, minus only the network fee, with the transaction hash on your order page. Nobody emails you asking for a passport. There is no third state where your money sits frozen while a ticket queue ignores you.
That third state is the industry’s open secret, by the way. The standard model is to accept your deposit first and screen it after, which is exactly how people end up with funds frozen mid-swap and a sudden demand for documents, on a site that advertised no registration required. Users call the pattern shotgun KYC, and documented holds in the complaint logs run from weeks to months. We reversed the order of operations specifically so that mechanism cannot exist here.
One exception, stated plainly because it is the law and not a choice: sanctions. If a deposit is linked to a sanctions-listed address, the swap does not happen, and in some cases the law also constrains whether and how such funds can be returned. That is the single hard limit on the refund promise, and we would rather print it here than have anyone discover it the hard way. The full policy lives on the trust page.
Choose what you send and what you receive from 136 coins. The quote shows the rate, the spread, and the network fee before you commit to anything.
Before you send a thing, the deposit details run through risk screening. Pass and the order stands. Fail and it never starts. Either way, you have risked nothing yet.
You get a deposit address and a 30-minute window. Send from any wallet you like. There is no step where an account gets created, because there are no accounts.
Most swaps land in 5 to 30 minutes, depending on chain confirmations. The order page tracks every step with transaction hashes. Bookmark it; the link is your receipt.
Yes, under the threshold. No account, no email, no phone, no documents, at any step. What replaces verification is screening: we check the coins on chain at order creation, before you send. If the deposit passes, the swap runs and a completed swap is final. If it fails, it auto-refunds minus the network fee. The thing you may be used to, where verification appears mid-swap and your money waits on it, does not exist in our flow.
Larger swaps get a stricter screen, and the decision still happens at order creation, before your coins move. If we cannot take a swap, we decline it up front and you simply do not send. What never happens is the inverted version other sites run: accept the money first, then freeze it and demand documents to release it. Whatever the size, there is no point in our flow where funds sit hostage to paperwork.
Mostly their regulatory position. A licensed custodial exchange that touches fiat, holds balances, and runs millions of accounts is required to identify its customers, so the passport ritual is the cost of their business model. The part worth your anger is different: some instant swap sites advertise no registration, then freeze deposits afterward for surprise verification. ChangeNOW’s own help pages admit an automated risk system can hold a swap. We avoid the whole pattern by screening before you send, not after.
Here is the honest version. We launched in 2026, so we will not wave years of reviews at you, and we never invent ratings. What we offer instead is policy you can check: the spread is printed on every quote, screening happens before you send, failed deposits auto-refund minus the network fee, completed swaps are final, and we run our own nodes for BTC, LTC, BCH, and DASH. The cheapest way to judge us is also the best one: do a small swap first and watch how it goes.
It comes back. Automatically, to the refund address from your order, minus only the network fee, with the transaction hash shown on your order page. You are never asked for documents to get your own coins back. The one exception is sanctions: deposits linked to sanctions-listed addresses are rejected, and in some cases the law constrains how, or whether, those funds can be returned. That exception is legal, narrow, and printed here on purpose.
No. There is nothing to register and nothing to confirm. Your order link is your receipt, so bookmark it; your browser also keeps a local list of your recent swaps that never leaves your device. The only time email enters the picture is if you choose to write to support, and a human reads that inbox. We do not ask for your address, and we have no mailing list to add you to.
No, and this is the core design decision. Mid-swap verification happens on services that screen after accepting your money, when a risk score flips while your funds are already in their custody. Our screening runs at order creation, before you send. By the time your deposit is moving, the decision is already made: the swap will either complete or auto-refund. There is no mechanism in our flow that can stop a swap halfway and demand a passport, because nothing is exchanged before it is screened.
In most places, yes. Verification requirements attach to companies based on what they do and where they do it, not to you as a user. Using a service that does not require an account is not a crime, and there are plenty of lawful reasons to prefer one. Obligations that do follow you, like reporting taxes on your trades, still apply whether or not anyone asked your name. And we reject sanctions-listed addresses regardless. Not legal advice, just the honest shape of it.
No account needed. Starting an order takes under a minute.