No-KYC Lending at a Glance

Platforms 4
Lowest Rate 2%
Custody Self / 3rd
ID Required None

No-KYC Crypto Loan Comparison

Provider Type Interest Rate Max LTV KYC Speed Rating
Compound DEFI 2% – 12% 83% None instant (1 transaction) 7.8 Review
MakerDAO (Sky) DEFI 4% – 8% 77% None instant (1 transaction) 8.0 Review

All No-KYC Providers

No-KYC Options: DeFi vs CeFi

There are two approaches to borrowing without KYC, each with different trade-offs.

DeFi Protocols (Aave, Compound, MakerDAO)

Fully decentralized smart contracts. You keep self-custody, everything is on-chain and transparent. Requires a Web3 wallet and some technical knowledge. No customer support, but no company can freeze your funds either.

No-KYC CeFi (CoinRabbit)

A company manages the loan but doesn't require identity documents. Simpler interface, faster process. The trade-off: you trust a company with your collateral without the transparency of on-chain verification or proof-of-reserves.

Frequently Asked Questions

Can I get a crypto loan without KYC?

Yes. All DeFi protocols (Aave, Compound, MakerDAO) are fully permissionless — you only need a crypto wallet. CoinRabbit is a CeFi platform that also operates without KYC. No identity documents, credit checks, or personal information required.

Are no-KYC crypto loans legal?

DeFi lending is not regulated in most jurisdictions — there is no legal requirement for smart contracts to perform KYC. CeFi platforms without KYC operate in jurisdictions that don't require it for crypto-to-crypto services. That said, users are responsible for complying with their local tax and reporting obligations.

Are no-KYC loans more risky?

Not necessarily. DeFi protocols are arguably safer than some CeFi platforms because there's no company that can mismanage funds. However, CeFi no-KYC platforms like CoinRabbit have less transparency about custody and reserves, which is a trade-off. The risk profile is different, not inherently higher or lower.

Need help choosing?

Estimate your loan costs across all platforms, or compare other categories.