LMEX vs Relai
It is a trade-off. Relai has the higher Safety grade (5.1 against 4.3), while LMEX has the higher Privacy grade (2.4 against 0.7).
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 →
Relai
Bitcoin-only savings app with a self-custodial wallet; identity check at onboarding
Privacy
0.7/ 10
Poor
Safety
5.1/ 10
Caution
ID mandatory KYC 4 Docs reviewed Full review →
Side by side
| LMEX | Relai | |
|---|---|---|
| Category | No-KYC Exchanges | No-KYC Exchanges |
| KYC policy | ID on risk flag | ID mandatory |
| Custody | Custodial | Non Custodial |
| Sign-up | Email required | Email required |
| Open source | No | No |
| Tor onion address | No | No |
| Coins | BTC, ETH, XMR, SOL | BTC |
| Pay with | Crypto, Monero | Bank transfer, Card |
| Fees | Not published | 1% per buy or sell (0.9% with an invite code); card, Apple Pay and Google Pay add 3% |
| Limits | Not confirmed: the official help centre was unavailable (account suspended) during this review | No tier without identity verification stated; purchases from 50 CHF/EUR; a separate service handles trades above 100,000 CHF/EUR |
| Jurisdiction | British Virgin Islands | Switzerland |
| Not available in | Terms: United States, Belarus, Canada, Cuba, Eritrea, Iran, North Korea, Syria, Singapore, Taiwan, Russia and Venezuela | Verification is open only to citizens of supported countries |
| Incidents on record | 0 | 0 |
| Published tests (180 days) | 0 | 0 |
Only LMEX
CustodialAccepts MoneroExcludes US usersClosed source
Both
Requires emailMay request IDLegal entity disclosedRuns an affiliate programme
Only Relai
Nothing distinct
Where they sit among no-kyc exchanges
Questions
Is LMEX or Relai safer?
Relai has the higher Safety grade: LMEX 4.3, Relai 5.1, out of 10.
Does LMEX or Relai require KYC?
LMEX is KYC level 3 (ID on risk flag). Relai is KYC level 4 (ID mandatory).
Which has more incidents on record?
LMEX has 0 and Relai has 0 documented incidents in the registry.