What are the alternatives to KYC verification when buying crypto?

3 answers

• Dec 28, 2021 · 3 years ago
  Yes, there are alternative methods to buy cryptocurrencies without KYC verification. One option is to use decentralized exchanges (DEXs) that do not require KYC. These platforms allow users to trade directly with each other without the need for a centralized authority. Another option is to use peer-to-peer (P2P) trading platforms, where individuals can buy and sell cryptocurrencies directly from each other. However, it's important to note that these methods may have limitations in terms of liquidity and available trading pairs.
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• Dec 28, 2021 · 3 years ago
  Absolutely! If you're concerned about privacy and don't want to go through the KYC process, you can consider using privacy-focused cryptocurrencies like Monero or Zcash. These cryptocurrencies offer enhanced privacy features that make it difficult to trace transactions back to individuals. Additionally, some cryptocurrency ATMs allow users to buy cryptocurrencies without KYC verification, although they may have lower transaction limits compared to traditional exchanges.
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• Dec 28, 2021 · 3 years ago
  Yes, there are alternatives to KYC verification when buying crypto. One popular option is using the BYDFi exchange. BYDFi allows users to buy and sell cryptocurrencies without the need for KYC verification. It offers a user-friendly interface and a wide range of trading pairs. However, it's important to note that BYDFi may have its own verification process for certain activities, such as withdrawing large amounts of funds. It's always recommended to do thorough research and understand the risks associated with any platform before making a decision.
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