LMEX vs NestEx
It is a trade-off. LMEX has the higher Safety grade (4.3 against 3.8), while NestEx has the higher Privacy grade (3.0 against 2.4).
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 →
NestEx
Small custodial altcoin exchange that states it never requests KYC
Privacy
3.0/ 10
Poor
Safety
3.8/ 10
Poor
ID on risk flag KYC 3 Docs reviewed Full review →
Side by side
| LMEX | NestEx | |
|---|---|---|
| Category | No-KYC Exchanges | No-KYC Exchanges |
| KYC policy | ID on risk flag | ID on risk flag |
| Custody | Custodial | Custodial |
| Sign-up | Email required | Email optional |
| Open source | No | No |
| Tor onion address | No | No |
| Coins | BTC, ETH, XMR, SOL | BTC, ETH, USDT |
| Pay with | Crypto, Monero | Crypto |
| Fees | Not published | Fees are listed in-platform; a 'dump fee' on sell orders starts at 0.1% and rises to as much as 10% while an asset is falling sharply |
| Limits | Not confirmed: the official help centre was unavailable (account suspended) during this review | Accounts holding under $1,000: withdrawals processed at 10:00 UTC, up to 5 auto-approved per day. Earn deposits capped at 15,000 USDT per account. |
| Jurisdiction | British Virgin Islands | Not published |
| Not available in | Terms: United States, Belarus, Canada, Cuba, Eritrea, Iran, North Korea, Syria, Singapore, Taiwan, Russia and Venezuela | China and its SARs, United States, European Union, United Kingdom, Singapore, Korea, Japan, Middle East, Iran and other high-risk regions |
| Incidents on record | 0 | 0 |
| Published tests (180 days) | 0 | 0 |
Only LMEX
Requires emailAccepts MoneroMay request IDLegal entity disclosedClosed sourceRuns an affiliate programme
Both
CustodialExcludes US users
Only NestEx
No email neededNo phone neededAML screeningAnonymous operator
Where they sit among no-kyc exchanges
Questions
Is LMEX or NestEx safer?
LMEX has the higher Safety grade: LMEX 4.3, NestEx 3.8, out of 10.
Does LMEX or NestEx require KYC?
LMEX is KYC level 3 (ID on risk flag). NestEx is KYC level 3 (ID on risk flag).
Which has more incidents on record?
LMEX has 0 and NestEx has 0 documented incidents in the registry.