Is it possible to buy crypto online without verifying my identity?

3 answers

• Dec 25, 2021 · 3 years ago
  Yes, it is possible to buy cryptocurrency online without verifying your identity. There are certain peer-to-peer platforms and decentralized exchanges that allow users to trade crypto without going through the KYC (Know Your Customer) process. However, it's important to note that these platforms may have lower liquidity and higher risk compared to regulated exchanges. Additionally, some countries have strict regulations in place that require identity verification for all crypto transactions. It's always recommended to do thorough research and understand the legal implications before using such platforms.
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• Dec 25, 2021 · 3 years ago
  Unfortunately, most reputable cryptocurrency exchanges require users to verify their identity before allowing them to buy crypto. This is done to comply with anti-money laundering (AML) and know-your-customer (KYC) regulations. Identity verification helps prevent fraud, money laundering, and other illegal activities. However, there are some smaller exchanges or platforms that may not have strict identity verification requirements. Keep in mind that using such platforms may come with higher risks, so it's important to exercise caution and do your due diligence before making any transactions.
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• Dec 25, 2021 · 3 years ago
  At BYDFi, we prioritize the safety and security of our users. Therefore, we require identity verification for all cryptocurrency transactions. Verifying your identity helps us ensure compliance with regulatory requirements and protect against fraud and illegal activities. We understand that some users may prefer to remain anonymous, but we believe that a transparent and regulated environment is essential for the long-term growth and adoption of cryptocurrencies. If you're looking for a secure and reliable platform to buy crypto, we encourage you to complete the identity verification process on BYDFi.
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