# LMEX review: KYC policy, privacy and safety grades

> 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.

Source: NoKYC Score, "LMEX review", reviewed 22 Oct 2026, https://nokycscore.com/service/lmex

## Key facts
- **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
- **Official website:** https://www.lmex.io

## What it 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 the terms say about ID
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.

## Features and warnings
- **Identity:** ID never required: no; No account needed: no; No email needed: no; No phone number: not stated
- **Payment:** Accepts Monero: yes; 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; 5+ years operating: not stated
- **Warnings:** May ask for ID: yes; Screens deposits: not in terms; Passes orders to partners: not in terms; Holds your funds: yes; Email required: yes; Phone number required: not in terms; Nobody accountable: not in terms

## 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.

## Sources
- https://www.lmex.io/en
- https://www.lmex.io/en/termsandconditions
- https://www.lmex.io/en/register
- https://lmex.freshdesk.com/en/support/home

How grades are calculated: https://nokycscore.com/methodology