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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

LMEXRelai
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

2 2 4 4 6 6 8 8 10 10 PRIVATE AND SAFE SAFE, ASKS MORE PRIVATE, LESS PROVEN PRIVACY GRADE → SAFETY GRADE → NightTrader Exchange Privacy 6.5 · Safety 6.4 Mt Pelerin Privacy 1.9 · Safety 6.1 SafeTrade Privacy 5.8 · Safety 5.7 Azteco Privacy 7.3 · Safety 5.5 CoinEx Privacy 1.3 · Safety 4.5 MEXC Privacy 1.3 · Safety 4.5 LMEX Privacy 2.4 · Safety 4.3 Crypton Exchange Privacy 7.4 · Safety 3.8 AltQuick Privacy 5.7 · Safety 3.8 NonKYC.io Privacy 5.3 · Safety 3.8 NestEx Privacy 3.0 · Safety 3.8 XT.com Privacy 2.4 · Safety 3.8 Bull Bitcoin Privacy 0.9 · Safety 6.7 DFX Privacy 0.3 · Safety 6.2 Bitcoin Well Privacy 0.0 · Safety 5.8 Relai Privacy 0.7 · Safety 5.1 Pocket Bitcoin Privacy 0.4 · Safety 4.3 KCEX Privacy 0.6 · Safety 3.8 Pionex Privacy 0.6 · Safety 3.8 BingX Privacy 0.0 · Safety 3.5 Bitunix Privacy 0.0 · Safety 3.5
Trade Spend Infrastructure Identity 21 services. Hover or tap a point.

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.

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