Is it possible to purchase bitcoin with a prepaid card without going through the verification process?
Herr Kubi Marco KubitzaDec 27, 2021 · 3 years ago3 answers
I want to buy bitcoin using a prepaid card, but I don't want to go through the hassle of the verification process. Is it possible to purchase bitcoin with a prepaid card without having to provide personal information and go through the verification process?
3 answers
- Dec 27, 2021 · 3 years agoUnfortunately, most reputable cryptocurrency exchanges require users to go through a verification process before they can purchase bitcoin with a prepaid card. This process is in place to prevent fraud and ensure compliance with anti-money laundering regulations. However, there are some peer-to-peer platforms or decentralized exchanges that may allow you to buy bitcoin with a prepaid card without verification. Keep in mind that using these platforms may come with higher risks and less security compared to established exchanges.
- Dec 27, 2021 · 3 years agoYes, it is possible to purchase bitcoin with a prepaid card without going through the verification process. Some cryptocurrency ATMs or kiosks allow users to buy bitcoin using prepaid cards without the need for verification. However, it's important to note that these ATMs may charge higher fees compared to online exchanges, and the availability of such ATMs may vary depending on your location.
- Dec 27, 2021 · 3 years agoAt BYDFi, we understand the need for privacy and convenience when it comes to purchasing bitcoin. While we cannot speak for other exchanges, we offer a seamless and secure way to buy bitcoin with a prepaid card without going through the verification process. Our platform ensures the privacy of your personal information while providing a user-friendly experience. Simply sign up, deposit funds using your prepaid card, and start buying bitcoin instantly.
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