Yan Webov

Yan Webov is a crypto exchanger where users swap one cryptocurrency for another. The service does not require KYC and does not run AML checks on transactions.

What the service offers

• cryptocurrency exchange;
• no identity verification (KYC);
• no AML screening of incoming funds.

What no KYC and AML means

KYC is the process of confirming a customer's identity; AML screening checks whether funds are linked to fraud, sanctions or other risks. An exchanger that skips these checks lets users swap faster and without uploading documents. The downside is less protection for the customer: if something goes wrong, it is harder to resolve the situation without verification data.

What to watch for

The service's legal entity and own website are not publicly confirmed, and fees, rates and minimum amounts are not listed on this card. Before the first trade, it makes sense to start with a small amount, compare the rate with the market and make sure the service supports the coins and networks you need. Larger companies and those who need clean funds for later work with exchanges and banks should factor in the lack of AML screening.