Can I bypass KYC requirements when buying cryptocurrency with a credit card?

3 answers

• Mar 22, 2022 · 3 years ago
  Unfortunately, most reputable cryptocurrency exchanges require users to complete the KYC process before they can buy cryptocurrency with a credit card. KYC regulations are in place to prevent money laundering and ensure the security of transactions. It's important to comply with these regulations to protect yourself and the exchange you're using.
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• Mar 22, 2022 · 3 years ago
  Nope, KYC is a standard requirement for most exchanges. It's part of the process to ensure the safety and legitimacy of transactions. Skipping KYC might seem tempting, but it's not recommended as it can lead to potential legal issues and compromise the security of your funds.
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• Mar 22, 2022 · 3 years ago
  While I can't speak for other exchanges, at BYDFi, we prioritize the security and compliance of our platform. Therefore, we strictly adhere to KYC requirements for all users, including those who want to buy cryptocurrency with a credit card. This ensures a safe and transparent trading environment for everyone involved.
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