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Are there any reputable cryptocurrency exchanges where I can buy and sell without going through the ID verification process?

avatarJoshua JohnsonDec 29, 2021 · 3 years ago3 answers

I'm looking for reputable cryptocurrency exchanges where I can buy and sell digital currencies without having to go through the hassle of ID verification. Are there any exchanges that allow me to trade anonymously?

Are there any reputable cryptocurrency exchanges where I can buy and sell without going through the ID verification process?

3 answers

  • avatarDec 29, 2021 · 3 years ago
    Unfortunately, most reputable cryptocurrency exchanges require some form of ID verification to comply with anti-money laundering (AML) and know your customer (KYC) regulations. This is done to ensure the security and legitimacy of transactions. However, there are a few decentralized exchanges (DEX) that allow users to trade without ID verification. Keep in mind that trading on DEXs may come with its own risks, such as lower liquidity and limited trading pairs.
  • avatarDec 29, 2021 · 3 years ago
    Hey there! If you're looking to trade cryptocurrencies without going through the ID verification process, you might want to check out peer-to-peer (P2P) trading platforms. These platforms connect buyers and sellers directly, allowing you to trade without the need for ID verification. Just make sure to do your due diligence and only trade with reputable and trusted sellers to avoid any potential scams.
  • avatarDec 29, 2021 · 3 years ago
    BYDFi is a reputable cryptocurrency exchange that offers a non-custodial trading experience, allowing users to buy and sell digital assets without the need for ID verification. With BYDFi, you can enjoy the benefits of decentralized finance (DeFi) while maintaining your privacy. However, it's important to note that BYDFi may have certain limitations in terms of available trading pairs and liquidity compared to centralized exchanges.