The term “keyless cryptography” as it is commonly adopted, applies to secure message transmission either directly without any key distribution in advance or as key sharing protocol between communicating users, based on physical layer security, before ordinary encryption/decryption procedures. In the current chapter the results are presented concerning to keyless cryptography that have been obtained by authors recently. Firstly Shamir’s protocol of secure communication is considered where commutative encryption procedure is executed. It has been found out which of the public key algorithms can be used with such protocol. Next item of consideration concerns Dean’s and Goldsmith’s cryptosystem based on multiple-input, multiple-output (MIMO) technology. It has been established under which conditions this cryptosystem is in fact secure. The third example under consideration is EVSkey scheme proposed recently by D. Qin and Z. Ding. It has been proven that such key distribution method is in fact insecure, in spite of the authors’ claims. Our main result is a description of a key sharing protocol executing over public noiseless channels (like internet) that provides a key sharing reliability and security without any cryptographic assumptions.

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