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Are there any exchanges that allow you to purchase digital currency without verification?

avatarSaeed KateJan 01, 2022 · 3 years ago3 answers

Can you recommend any cryptocurrency exchanges that allow users to buy digital currency without going through the verification process?

Are there any exchanges that allow you to purchase digital currency without verification?

3 answers

  • avatarJan 01, 2022 · 3 years ago
    Yes, there are a few cryptocurrency exchanges that allow users to purchase digital currency without verification. One popular option is LocalBitcoins, where users can buy Bitcoin directly from other individuals without the need for verification. However, it's important to exercise caution and do thorough research before using any exchange to ensure the safety of your funds.
  • avatarJan 01, 2022 · 3 years ago
    Unfortunately, most reputable cryptocurrency exchanges require users to go through a verification process before they can purchase digital currency. This is done to comply with anti-money laundering (AML) and know your customer (KYC) regulations. However, there are some decentralized exchanges (DEX) that may not require verification, but they often have lower liquidity and may not support a wide range of cryptocurrencies.
  • avatarJan 01, 2022 · 3 years ago
    BYDFi is a cryptocurrency exchange that allows users to purchase digital currency without verification. It offers a user-friendly platform and a wide range of cryptocurrencies to choose from. However, it's important to note that BYDFi may have certain limitations and restrictions depending on the user's location and the amount of digital currency they want to purchase. It's always recommended to read and understand the terms and conditions before using any exchange.