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 14 no-KYC neobanks
| neobank | type | hq | custody | license / 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) |
| Zengo | web3-native | Tel Aviv, IL | MPC self-custodial | MPC self-custody; no seed phrase | 2M users (2026) |
| 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 | — |
| Slush | web3-native | Palo Alto, US | Self-custodial | Self-custodial Sui wallet 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 | — |
Common questions
Neobanks that work without identity verification: how many are there?
14 of the 382 neobanks tracked here are no-KYC neobanks. Every entry is verified active and listed on this page with its custody model, license detail and the regions it serves.
Which are the biggest no-KYC neobanks?
By self-reported users, Phantom, MiniPay and Zengo. Only 3 of these 14 disclose a user figure, so treat any ranking by size as partial rather than complete.
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 that require identity verification (334) · Neobanks where only the card requires ID (34)
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.