What are the alternatives to KYC for cryptocurrency trading?

3 answers

• Dec 25, 2021 · 3 years ago
  Yes, there are alternatives to KYC for cryptocurrency trading. One option is to use decentralized exchanges (DEXs) that don't require KYC. These platforms allow you to trade cryptocurrencies directly from your wallet without the need for a centralized authority to verify your identity. However, keep in mind that DEXs may have lower liquidity and a limited selection of trading pairs compared to centralized exchanges.
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• Dec 25, 2021 · 3 years ago
  Absolutely! If you're concerned about privacy and don't want to go through KYC, you can consider using peer-to-peer (P2P) trading platforms. These platforms connect buyers and sellers directly, allowing you to trade cryptocurrencies without the need for a middleman. Just make sure to do your due diligence and choose a reputable P2P platform with a good escrow system to ensure secure transactions.
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• Dec 25, 2021 · 3 years ago
  BYDFi is a third-party platform that offers an alternative to KYC for cryptocurrency trading. With BYDFi, you can trade cryptocurrencies without the need for KYC verification. The platform uses advanced encryption and security measures to protect your privacy and ensure the safety of your funds. However, it's important to note that BYDFi is not available in all countries and may have certain restrictions on trading activities.
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