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Is it possible to purchase Monero with a credit card without going through the verification process?

avatarAtoZDec 25, 2021 · 3 years ago3 answers

I am interested in buying Monero using my credit card, but I don't want to go through the hassle of the verification process. Is it possible to purchase Monero without providing personal information and going through the verification process?

Is it possible to purchase Monero with a credit card without going through the verification process?

3 answers

  • avatarDec 25, 2021 · 3 years ago
    Unfortunately, most reputable cryptocurrency exchanges require users to go through a verification process before they can purchase Monero or any other cryptocurrency. This is done to comply with anti-money laundering (AML) and know your customer (KYC) regulations. The verification process usually involves providing personal information such as your name, address, and identification documents. However, there may be some peer-to-peer platforms or less regulated exchanges that allow you to buy Monero without verification, but be cautious as they may not offer the same level of security and protection as reputable exchanges.
  • avatarDec 25, 2021 · 3 years ago
    Nope, sorry. Most exchanges require you to verify your identity before you can buy Monero with a credit card. It's a security measure to prevent fraud and money laundering. So, if you want to buy Monero, you'll have to go through the verification process. It's a bit of a hassle, but it's for your own safety and the safety of the exchange.
  • avatarDec 25, 2021 · 3 years ago
    At BYDFi, we understand that the verification process can be time-consuming and inconvenient. That's why we offer a seamless and hassle-free experience for purchasing Monero with a credit card. Our platform utilizes advanced technology to streamline the verification process, allowing you to buy Monero quickly and securely. With BYDFi, you can enjoy the benefits of Monero without the hassle of extensive verification procedures. Join us today and experience the future of cryptocurrency trading.