Order-book exchange using two-key deposit accounts with timelocked refunds
Privacy 6.5
Safety 6.4
No-KYC Exchanges Reviewed 22 Oct 2026
LMEX review
Spot and derivatives exchange run by a BVI company, with KYC possible at registration
- Accepts Monero
- Company named
- May ask for ID
- Holds your funds
- Email required
ID on risk flag KYC 3 Documentation reviewed
Privacy
2.4/ 10
Poor
Safety
4.3/ 10
Caution
Based on terms and documentation. No test transactions published yet. See the arithmetic
LMEX review in short
LMEX is an exchange. Its terms put it at KYC level 3 of 4: ID on risk flag. NoKYC Score grades it 2.4/10 for privacy (poor) and 4.3/10 for safety (caution). In its favour: accepts Monero and company named. To watch: it may ask for ID, holds your funds while you use it and requires an email address. No incidents are on record.
- Category
- No-KYC Exchanges
- KYC level
- 3 of 4: ID on risk flag
- Grades
- Privacy 2.4/10, Safety 4.3/10
- Sign-up
- Email required
- Custody
- custodial
- Limits
- Not confirmed: the official help centre was unavailable (account suspended) during this review
- Jurisdiction
- British Virgin Islands
- Incidents on record
- 0
- Last reviewed
- 22 Oct 2026
Cite this review
NoKYC Score, "LMEX review", reviewed 22 Oct 2026, https://nokycscore.com/service/lmex
Also available as plain text.
What LMEX is
LMEX is a centralised spot and derivatives exchange, including crypto and commodity perpetuals, operated by LMEX Limited, a company registered in the British Virgin Islands. Registration asks for an email, username and password. Its terms say users may need to submit identity documents during registration for KYC, must provide further information on request on an ongoing basis, and may have access and limits adjusted based on what they provide. Users in the United States, Canada, Singapore, Taiwan, Russia and other listed countries are excluded. The exchange's help centre (lmex.freshdesk.com) returned an account-suspended response, so no withdrawal limit for unverified accounts could be confirmed.
What LMEX offers, and what to watch
2 of 15 privacy and safety features, 3 warnings in its terms.
"Not stated" means its own pages do not say.
Identity
- ID never required No
- No account needed No
- No email needed No
- No phone number Not stated
Payment
- Accepts Monero Yes Monero hides sender, receiver and amount, so the payment cannot be traced to you.
- Accepts Lightning Not stated
- Accepts cash Not stated
Access
- Tor onion address Not stated
- Works without JavaScript Not stated
Trust
- Never holds your funds No
- Own liquidity Not stated
- Refund without ID Not stated
- Independent audit Not stated
- Company named Yes The operating company and its jurisdiction are published.
- 5+ years operating Not stated
Warnings
- May ask for ID Yes The terms reserve the right to demand identity documents, often after a risk flag.
- Screens deposits Not in terms
- Passes orders to partners Not in terms
- Holds your funds Yes The operator controls user funds while they are on the platform.
- Email required Yes An email address is required to use the service.
- Phone number required Not in terms
- Nobody accountable Not in terms
Does LMEX require KYC?
- 0 Never
- 1 Not mentioned
- 2 Rare
- 3 On risk flag
- 4 Mandatory
KYC level 3: ID on risk flag. The terms allow funds to be held and identity demanded after an automated risk flag.
Terms (Setting up an account): users "may need to submit" identity documents during registration and limits may be adjusted based on information collected; the no-KYC withdrawal limit was not confirmed because the help centre is offline.
How the grades add up
Both grades start at 50 points and move by fixed, published amounts. Nothing is adjusted by hand. The total is divided by ten.
Privacy
2.4- Starting points 50
- KYC level 3: ID on risk flag -14
- Custodial -3
- Requires email -4
- Accepts Monero +4
- May request ID -7
- Closed source -2
- Total, clamped to 0–100 24
Safety
4.3- Starting points 50
- Custodial -5
- May request ID -4
- Legal entity disclosed +5
- Closed source -3
- Total, clamped to 0–100 43
Test ledger
Real transactions run by our editors. A badge without a ledger is an assertion; this is the proof.
No test transactions published yet
The grades above rest on LMEX’s terms and documentation. Tests will appear here with the date, route, amount band and result as they are run.
Incidents on record
No incidents are on record for LMEX. If you have a documented case, report it.
User reviews
Reviews never change a grade. Reviews with a transaction reference are marked.
No reviews yet.
Write a review
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Alternatives to LMEX
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LMEX: common questions
Does LMEX require KYC?
LMEX is rated KYC level 3 of 4 on this site: ID on risk flag. Terms (Setting up an account): users "may need to submit" identity documents during registration and limits may be adjusted based on information collected; the no-KYC withdrawal limit was not confirmed because the help centre is offline.
Is LMEX safe to use?
LMEX has a Safety grade of 4.3 out of 10 and a Privacy grade of 2.4 out of 10. No incidents are on record. Evidence level: documentation reviewed.
Is LMEX legit?
LMEX is a working exchange. It publishes the company that runs it, in British Virgin Islands. Being real is not the same as being safe: its Safety grade here is 4.3 out of 10, built from custody, liquidity, track record and incidents.
Is LMEX a scam?
NoKYC Score does not label services as scams; it records documented incidents with their sources and outcomes. No incidents are on record for LMEX. Its terms also allow it to hold a flagged deposit and ask for identity documents.
Do I need an account or email to use LMEX?
Email required.
What are LMEX's limits?
Not confirmed: the official help centre was unavailable (account suspended) during this review.
Does LMEX have a Tor onion address?
No official onion address was found on LMEX's own pages.
Which cryptocurrencies does LMEX support?
LMEX supports BTC, ETH, XMR, SOL.
Is LMEX custodial?
Yes. LMEX holds funds during a trade, which means it is able to delay or freeze them.
Can I use LMEX over Tor?
LMEX does not publish an official onion address.
Listing history
- Listing added. Facts and KYC level set from the service's own terms and documentation.