Is it possible to get crypto without KYC?

3 answers

• Dec 28, 2021 · 3 years ago
  Yes, it is possible to get crypto without KYC. There are decentralized exchanges (DEXs) that allow users to trade cryptocurrencies without the need for KYC verification. However, it's important to note that not all cryptocurrencies are available on DEXs, and liquidity may be lower compared to centralized exchanges. Additionally, some peer-to-peer trading platforms also offer the option to buy or sell cryptocurrencies without KYC, but users should exercise caution and do thorough research before using such platforms.
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• Dec 28, 2021 · 3 years ago
  Unfortunately, most reputable centralized exchanges require KYC verification before allowing users to trade cryptocurrencies. This is to comply with regulations and prevent illegal activities such as money laundering and terrorist financing. KYC helps ensure the legitimacy of users and protects the integrity of the cryptocurrency market. Therefore, if you want to trade on established exchanges, you will likely need to go through the KYC process.
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• Dec 28, 2021 · 3 years ago
  At BYDFi, we prioritize the security and compliance of our platform. Therefore, we require KYC verification for all users. KYC helps us maintain a safe and trustworthy environment for trading cryptocurrencies. It also allows us to comply with regulatory requirements and prevent fraudulent activities. We understand that some users may prefer to trade without KYC, but our commitment to security and compliance is paramount.
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