Neobanks that work without identity verification
These require no identity check because they never take custody of your funds — they are self-custodial software, so there is no account to open and no balance to hold on your behalf. Ordering a card, cashing out to a bank account or using a regulated on-ramp will still normally trigger verification somewhere in the chain.
All 13 no-KYC neobanks
| neobank | type | hq | custody | licence / structure | reported users |
|---|---|---|---|---|---|
| Phantom | web3-native | San Francisco, US | Self-custodial | Self-custodial software | 15M MAU (2025) |
| MiniPay | web3-native | Oslo, NO | Self-custodial | Self-custodial software | 10M wallets (2025) |
| Daimo | web3-native | New York, US | Self-custodial | Open-source self-custodial software | — |
| Eco (Beam) | web3-native | New York, US | Self-custodial | Self-custodial (Eco protocol) | — |
| Exodus | web3-native | Omaha, US | Self-custodial | Self-custodial software | — |
| Moon | web3-native | — | Self-custodial | Self-custodial software | — |
| Peanut | web3-native | Zug, CH | Self-custodial | Open-source protocol; no custody | — |
| Rainbow | web3-native | New York, US | Self-custodial | Self-custodial software | — |
| Superform | web3-native | — | Self-custodial | Self-custodial software | — |
| SurfCash | web3-native | — | Self-custodial | Self-custodial (BVI entity); decentralized protocols + licensed local partners; Circle Alliance | — |
| Trust Wallet | web3-native | — | Self-custodial | Self-custodial software | — |
| Xverse | web3-native | London, UK | Self-custodial | Self-custodial software | — |
| Zengo | web3-native | Tel Aviv, IL | MPC self-custodial | MPC self-custody; no seed phrase | — |
Common questions
Neobanks that work without identity verification: how many are there?
13 of the 368 neobanks tracked here are no-KYC neobanks. Every entry is verified active and listed on this page with its custody model, licence detail and the regions it serves.
Which no-KYC neobanks are the largest?
Not answerable from public data: only 2 of these 13 disclose a user figure at all. The list below is therefore not a ranking, and anyone presenting one for this category is guessing.
What does this category actually mean?
These require no identity check because they never take custody of your funds — they are self-custodial software, so there is no account to open and no balance to hold on your behalf. Ordering a card, cashing out to a bank account or using a regulated on-ramp will still normally trigger verification somewhere in the chain.
Related
Neobanks where only the card requires ID (32)
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.