Bitcoin Well vs LMEX
It is a trade-off. Bitcoin Well has the higher Safety grade (5.8 against 4.3), while LMEX has the higher Privacy grade (2.4 against 0.0).
Bitcoin Well
Canadian bitcoin-only platform and ATM network delivering to self-custody wallets
Privacy
0.0/ 10
Poor
Safety
5.8/ 10
Fair
ID mandatory KYC 4 Docs reviewed Full review →
LMEX
Spot and derivatives exchange run by a BVI company, with KYC possible at registration
Privacy
2.4/ 10
Poor
Safety
4.3/ 10
Caution
ID on risk flag KYC 3 Docs reviewed Full review →
Side by side
| Bitcoin Well | LMEX | |
|---|---|---|
| Category | No-KYC Exchanges | No-KYC Exchanges |
| KYC policy | ID mandatory | ID on risk flag |
| Custody | Non Custodial | Custodial |
| Sign-up | Phone number required | Email required |
| Open source | No | No |
| Tor onion address | No | No |
| Coins | BTC | BTC, ETH, XMR, SOL |
| Pay with | Bank transfer, Cash, Lightning | Crypto, Monero |
| Limits | No online tier without identity verification stated; ATM verification depends on transaction size and risk, with no threshold published in the terms | Not confirmed: the official help centre was unavailable (account suspended) during this review |
| Founded | 2013 | Not published |
| Jurisdiction | Canada | British Virgin Islands |
| Not available in | Canadian service requires residence and physical presence in Canada; a separate US service exists | Terms: United States, Belarus, Canada, Cuba, Eritrea, Iran, North Korea, Syria, Singapore, Taiwan, Russia and Venezuela |
| Incidents on record | 0 | 0 |
| Published tests (180 days) | 0 | 0 |
Only Bitcoin Well
Requires phone numberAML screening5+ years operatingAccepts cash
Both
Requires emailMay request IDLegal entity disclosedRuns an affiliate programme
Only LMEX
CustodialAccepts MoneroExcludes US usersClosed source
Where they sit among no-kyc exchanges
Questions
Is Bitcoin Well or LMEX safer?
Bitcoin Well has the higher Safety grade: Bitcoin Well 5.8, LMEX 4.3, out of 10.
Does Bitcoin Well or LMEX require KYC?
Bitcoin Well is KYC level 4 (ID mandatory). LMEX is KYC level 3 (ID on risk flag).
Which has more incidents on record?
Bitcoin Well has 0 and LMEX has 0 documented incidents in the registry.