10 Best Crypto KYC/AML Providers Offering Non-Custodial Verification

In this article, I will talk about the Best Crypto KYC/AML Providers Offering Non-Custodial Verification. These solutions enable crypto platforms to authenticate user identity safely and securely, without taking custodial control over users’ assets.

Yes, there KYC and AML compliance is done without taking the user’s identity control and while permitting the user to move through the process more quickly and safely, as with KYC and AML, with minimal friction.

Key Point & Best Crypto KYC/AML Providers Offering Non-Custodial Verification List

Company	Key Features / Highlights
Sumsub	AI-driven identity verification, global compliance coverage, real-time fraud detection.
Onfido	Document and biometric verification, strong anti-fraud tools, easy API integration.
Trulioo	Global ID verification, AML compliance, real-time identity checks across 100+ countries.
Shufti Pro	AI and human verification hybrid, multi-channel KYC, strong privacy compliance.
Jumio	ID and document verification, facial recognition, liveness checks for security.
Persona	Customizable identity workflows, privacy-first approach, easy integration with apps.
Blockpass	Blockchain-based KYC, reusable digital identity, fast onboarding for crypto users.
Authenteq	Automated KYC, fraud prevention, decentralized identity solutions.
Fractal ID	Digital identity verification, AI-driven fraud detection, regulatory compliance focus.
Socure	Identity verification & fraud prevention, predictive analytics, strong AML/KYC coverage.

1. Sumsub

The exceptional combination of automated identity verification and human oversight allows for great precision and privacy retention, making Sumsub as one of the top non-custodial verification KYC/AML provider in crypto.

Most KYC providers must keep and manage user data, but Sumsub allows crypto verification without data custodial risk since crypto platforms aren’t translucent of user data. Sumsub is also one of the world’s few KYC providers supporting real-time multi-fraud and biometric verification as well as document verification in multi-fraud and biometric verification.

Sumsub is also extremely easy to work with as a provider since they have one of the most customizable and easy to integrate APIs. These crypto-friendly, privacy-compliant, and safety-centered features further improve their reputation.

Pros & Cons Sumsub

Pros:

1. Full-cycle compliance stack — Sumsub has KYC, KYB, AML, transaction monitoring, fraud prevention, etc. It is therefore a good fit for crypto platforms.
2. Fast verification + high conversion — Sumsub is said to have one of the highest verification rates as well as one of the fastest (median ~ 50 seconds).
3. Global coverage — 220+ countries. Thousands of IDs.

Cons:

1. Pricing complexity — Pricing can be cumbersome to small businesses, and may not scale down well.
2. Manual review delays — Some users complain about time cycles when human/manual checks are needed.
3. Limited analytics on lower tiers — Smaller / entry-level plans may have a lack of advanced analytics.

2. Onfido

Onfido is one of the most praised non-custodial verification providers in the crypto KYC/AML sphere thanks to its ability to merge advanced technological processes with secure forms of identity verification, enabling crypto platforms to authenticate users without storing sensitive information.

Key to this achievement is the ability to do document verification in real-time, perform facial recognition, and live detection to mitigate fraud and ensure user privacy. Onfido’s global regulatory coverage enables compliant onboarding across many countries.

The service offers a flexible API which facilities easy incorporation of the service in crypto wallets, exchanges, and DeFi services. Onfido mitigates custodial risks while maintaining accurate processing, enabling the crypto ecosystem to benefit from an efficient, secure, privacy-enhancing verification service.

Pros & Cons Onfido

Pros:

1. Strong identity verification — AI-based, document verification, selfie + liveness checks.
2. Scalable & mature — Established company, great for enterprise-level onboarding.
3. Flexible integration – Available APIs / SDKs have been used in both web and mobile applications.

Cons:

1. Prices and package complexity – The pricing for smaller or scaling crypto startups is not clear. Studies show that companies do not disclose their pricing publicly. 
2. Comprehensive verification – The verification provided does not seem as comprehensive for businesses as it does for individuals
3. Age verification – There are some KYC solutions that do require age estimation. Onfido does not seem to support these as well.

3. Trulioo

Trulioo is one of the best crypto KYC/AML providers that offers non-custodial verification and has unparalleled global coverage and regulatory compliance. Trulioo allows crypto platforms to verify users in more than 100 countries while not collecting any personal information and therefore lowering custodial risk.

Trulioo is unique in the crypto KYC space due to its access to an array of verifiable data like government records, credit information, and cellular networks, and the company is able to perform accurate real time verifications.

They document verification, biometric authentication, and AML watchlists, so compliance and security are ensured. Due to its accurate and reliable KYC processes and privacy-oriented approach, Trulioo is now one of the most sought after providers in the crypto industry.

Pros & Cons Trulioo

Pros:

1. Comprehensive worldwide support – Can verify documents and provide business verification (KYB) for identities in ~195 countries and 14,000+ document types. 
2. Workflow Studio – There is a low-code ease-of-use transactional Flow Studio tool, which enables compliance teams to easily create onboarding flows with low to no engineering overhead. 
3. Strong Risk Compliance – Holds ISO 27001, SOC 2 Type II, and thorough risk screening (PEP, sanctions, and adverse media) credentials.

Cons:

1. Enterprise price – The scope and enterprise grade functionality in their offerings most likely become very expensive. There is a likelihood that you are paying for modules that you do not fully utilize. 
2. Topology – There is likely to be considerable development overhead required for full setup of identity + business + AML stack.
3. Manual assessment required – There are false positives in screening which require considerable manual effort to resolve.

4. Shufti Pro

With cutting-edge technology, Shufti Pro is the first non-custodial, all-in-one Crypto KYC/AML provider with an outstanding hybrid model of AI-assisted verification and human checking due to top quality verification accuracy.

Shufti Pro is the only provider of custodial risk-free worldwide verification because crypto companies must avoid storing users’ sensitive data. Shufti Pro’s complete fraud prevention system is the only provider with multi-document verification, facial recognition and liveness detection, and continual AML risk detection and monitoring.

Shufti Pro’s adaptable customizable fraud prevention is the only provider geared for different risk and compliance regulations. Shufti Pro is the top provider of fraud detection and prevention with immediate digitally signed verification results to crypto exchanges, wallets, and DeFi applications.

Pros & Cons Shufti Pro

Pros:

1. Wide Document and Language Support: Access to over 3,000 identity documents from more than 230 countries and territories.
2. Quick verification — They claim they are able to conduct verification in about ~8–22 seconds for document checks.
3. Pricing Options — The option to pay as you go, and/or a monthly subscription, is useful for scaling/sliding volume.

Cons:

1. Bad documentation / integration UX — Certain reports note there is less adaptability in integrating, and document capture UI could be improved.
2. Limited guidance — The document submission flow was not always fluently guided; users can make mistakes.
3. Lack of automation in payment — Their payment / pricing process seems not to be as frictionless, as per reviews.

5. Jumio

There is a possible chance that a company may offer something that is called non-custodial verification without the advanced artificial intelligence as well as biometric technologies that position Jumio as one of the leaders as a Crypto KYC/AML provider.

It is a non-custodial verification is unique and it displays an advanced level of voice recognition biometric that displays voice recognition of the sensitive user verification without user data. Jumio’s capabilities solidified fraud prevention with user privacy. It is a unique offering that is equaled by very few.

It allowed Jumio to assist crypto exchanges, wallets and DeFi platforms with fraud detection and regulatory compliance in real time verification. Jumio is a world wide leader with minimal custodial risk as a result of instant verification.

This is the reason why crypto companies across the world chose Jumio to assist in compliance by providing fraud detection cryptocurrencies with custodial risk and relieves fraud detection compliance.

Pros & Cons Jumio

Pros:

1. Full-fledged identity verification — Document authentication + facial recognition + liveness + etc.
2. Meets legal requirements — Built for adhering to AML / KYC regulations, which is good in high-risk / regulated environments.
3. Great for large corporations — Easy to scale, well-known, dependable.

Cons:

1. Very expensive — Implementation and ongoing costs can be very high, especially for new businesses.
2. Mistaken identity — Like any automated system, there is a high risk of false positives, or false negatives.
3. Difficult integration — They may demand a significant amount of engineering to implement fully.

6. Persona

Persona has become a top Crypto KYC/AML provider in the industry for providing non-custodial verifications. Its main competitor – and traditional KYC/AML solutions – store sensitive personal information, legating a custodial risk.

As the KYC/AML industry leader, Persona’s competitive advantage is fully customizable. Businesses can modify the KYC workstreams, including adjustment to risk settings and document uploads. AI, biometric, and real-time fraud detection mechanisms are also incorporated for a seamless experience.

Persona is regulatory compliant by international standards and fully integrates an easy to deploy API for all privacy-accessible user verifications. Their services are fast and scaled for non-custodial crypto exchanges, wallets, and platforms.

Pros & Cons Persona

Pros:

1. Flexible verification workflows – Tailored to create crypto use-case verification flows.
2. Single platform – Provides compliance teams the ability to manage reviews and allow/block actions and risk signals.
3. Parameters & Coverage – Supports risk analysis and identity plus orchestrated AML.

Cons

1. Lack of technical support – More flexibility means engineering support is needed to create desired configurations.
2. Costs – More custom workflows and advanced data sets typically means higher costs based on use.
3. Not crypto first – While KYC is good, additional integrations can be required with other AML / transaction monitoring to complete the crypto compliance stack.

7. Blockpass

As a major Crypto KYC/AML provider, Blockpass is a trailblazer in non-custodial verification, using blockchain technology for innovative, reusable, self-sovereign digital identities.

Blockpass is different than others in the space in that users only need to verify themselves once to receive a verified reusable digital identity that can be used on any platform. This approach mitigates the risk of custodial data loss as the verified identity can be used without sharing sensitive data.

Blockpass secures the onboarding of users in an AI driven system that performs document verification, biometric verification, compliance in monitoring, and privacy throughout the process.

Blockpass’s global regulatory support, unique to the space, empowers crypto exchanges, wallets, and DeFi platforms to conduct timely crypto KYC/AML with privacy preserving custodial risk mitigation and automation. This is what makes Blockpass stand out in the crypto KYC/AML ecosystem.

Pros & Cons Blockpass

Pros:

1. Identity value from crypto – Class of identity by design and strong fit with crypto use cases.
2. Proof of identity – Users have the ability to verify once and reuse various identity claims, enabling lower friction and preventing repeat documentation uploads.
3. The KYC process – More control to users over data privacy compared to traditional KYC.

Cons:

1. Limited data reach – Smaller, less legacy data players means less coverage across data types (watchlists, global ID types).
2. Adoption risk – The dependency within the ecosystem, along with the supported platforms and exchanges of Blockpass.
3. Regulatory limitations – Depending on the jurisdiction, the proof provided by Blockpass may not meet the KYC and AML requirements as per regulatory obligations.

8. Authenteq

Authenteq is one of the top companies in Crypto KYC/AML and one of the most automated and privacy-compliant and self-custodial identification solutions where companies do not store sensitive personal information, thus lowering custodial risk.

Authenteq is one of the few KYC companies to incorporate automated document verification and AI self-sovereign blockchain or digitally recognized and immutable identities. The service is compliant with major regulations and fraud detection in real time is integrated using APIs.

Customers do not have to wait long to complete onboarding processes, and due to the automated nature of the service. Due to this focus, crypto exchanges, crypto wallets, and Defi Platforms can deliver fully automated, scalable, and secure verification.

Pros & Cons Authenteq

Pros

1. Decentralized/privacy preserving – Authenteq wants to offer Identity verification with as little data leaks as possible and is ideal within the crypto space.
2. Automated KYC – The system integrates Identity verification with blockchain to achieve Self-sovereign Identity.
3. Cost-efficient for repeated verifications – Users may verify themselves and reuse the verifiable credentials. The savings are significant for verification as it lowers the cost for future verification.

Cons

1. Lower mainstream adoption – The being used by exchanges is not as much as the larger providers like Sumsub/Trulioo which may affect the level of trust.
2. Limited AML depth – It is more identity focused as opposed to with transaction monitoring and more other AML layers might need to be added.
3. Technical complexity – The standard KYC APIs may have less of a requirement on the technical side, whereas integrating identity on the blockchain will require more.

9. Fractal ID

As of October 2023, Fractal ID is one of the best Crypto KYC/AML providers in the world, especially with their non-custodial verifications. They have an ID verification system that uses cutting-edge AI tech and is far more reliable than anything else in the market.

They capture the most volatile user data and turn it into a dead end, protecting the crypto platforms from custodial risk. Fractal ID’s one of, if not the only, service that incorporates biometrics verification, documents verification, and continuous real-time AML screening flows into one unique and fully customizable regulatory workflow.

Their technology is the best in the world, allowing even the most complex crypto on and off ramps KYC/AML flows to be integrated with full compliance and minimal friction. You Crypto Fractal ID is the best of the best.

Pros & Cons Fractal ID

Pros

1. Designed for Web3 – Fractal ID is crypto friendly and Web3 is native designed which is a positive for the decentralized platforms.
2. User control over identity – Decentralized Identity (DID) systems may offer control of identity to the users which emphasizes on control to the users.
3. User Versatility – ​Once verified, users can carry their identity to multiple platforms.

Cons:

1. Risk Exposure – Compared to legacy KYC / AML players, they may have a less fully developed AML watchlist screening.
2. Smaller Player – Compared to some market incumbents, they have less experience at really high volumes, raising concerns about stability or coverage gaps.
3. Risk Framework – Newer and more Web3-focused, with some regulators or platforms, it may be less accepted.

10. Socure

Socure is a prominent provider of AMV KYC in the Crypto Ecosystem with Non-Custodial Verification being a pillar of Socure’s AI-powered Identity Verification and Fraud Prevention Ecosystem.

Crypto Businesses are able to verify customers without the ability to even see the customer’s private data, thereby reducing custodial risk while being privacy protective. Socure’s singleness of purpose is the Unique Predictive Risk Scoring, One of a Kind in Digital Real Time Risk Assessment, using the top Alternative Digital, and Off Network Data Sources.

Socure’s Biometric Verification with Real Time Crypto AML and Fraud Compliance is a value added seamless API which is integrated in seconds by all crypto exchanges, crypto wallets, and DeFi applications in the marketplace. On all Data Privacy and Frictionless Customer Experience, Socure has the Highest Trust Level in the marketplace.

Pros & Cons Socure

Pros:

1. Advanced Fraud Prediction – Machine learning models built by Socure can detect fraud on a proactive basis, which is a distinct advantage.
2. Low False Positive Rates – Their identity verification is very accurate, which is rare.
3. Ongoing Monitoring – For AML compliance, this helps to not only meet the requirements of customer due diligence at onboarding, but also to have ongoing due diligence.

Cons:

1. Price Point – Other advanced predictive models may be a lot more expensive, and may be cost prohibitive to very small players in the crypto space.
2. Advanced Setup – Comprehensive utilization of their systems would require a high degree of sophistication in data science and compliance.
3. Transactional Focus – Although Socure is very strong on identity risk, full crypto compliance may require additional transaction-focused AML / Know Your Transaction (KYT) solutions.

Conclusion

Ultimately, the top crypto KYC/AML specialists with non-custodial verifications, (e.g., Sumsub, Onfido, Trulioo, Shufti Pro, Jumio, and Socure, etc.), distinguished themselves with their remarkable combination of identity verification, biometrics, and real-time fraud detection, along with user-privileged fraud functionality.

These companies help reduce custodial risk for crypto firms by enabling verification with no sensitive data retention.

These companies cover practically every jurisdiction, and their solutions allow for rapid, safe, and compliant onboarding due to easy API integration and flexibility. These firms provide crypto businesses with the most reliable, privacy-conscious, and efficient KYC and AML solutions available.

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