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How can I buy cryptocurrency without going through the ID verification process?

avatarGalactimusDec 29, 2021 · 3 years ago3 answers

I want to buy cryptocurrency, but I don't want to go through the hassle of ID verification. Is there any way to buy cryptocurrency without providing my personal information?

How can I buy cryptocurrency without going through the ID verification process?

3 answers

  • avatarDec 29, 2021 · 3 years ago
    Sure, there are a few ways you can buy cryptocurrency without going through the ID verification process. One option is to use a peer-to-peer exchange platform where you can directly buy from other individuals without the need for verification. Another option is to use a Bitcoin ATM, where you can deposit cash and receive cryptocurrency in return. Keep in mind that these methods may have higher fees or limited availability compared to traditional exchanges.
  • avatarDec 29, 2021 · 3 years ago
    Buying cryptocurrency without ID verification is possible, but it's important to be cautious. Some platforms may require minimal or no verification for small transactions, but larger transactions may still require verification. Additionally, be aware that using platforms without verification may expose you to higher risks, such as scams or money laundering. It's always recommended to do thorough research and choose reputable platforms or exchanges.
  • avatarDec 29, 2021 · 3 years ago
    At BYDFi, we understand the need for privacy and offer a solution for buying cryptocurrency without going through the ID verification process. Our platform allows users to buy and sell cryptocurrency without the need for extensive verification. However, please note that certain limitations may apply, and it's important to comply with local regulations and laws regarding cryptocurrency transactions.