What are the alternatives to KYC when buying crypto?

3 answers

• Dec 28, 2021 · 3 years ago
  Yes, there are alternatives to the KYC process when buying crypto. One option is to use peer-to-peer (P2P) exchanges that allow users to trade directly with each other without the need for KYC verification. These platforms provide a decentralized marketplace where buyers and sellers can connect and transact without revealing their personal information. However, it's important to exercise caution and conduct thorough research before using P2P exchanges to ensure the safety and security of your transactions.
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• Dec 28, 2021 · 3 years ago
  If you prefer a more traditional approach, some cryptocurrency ATMs offer the option to buy crypto without KYC verification. These ATMs allow users to purchase cryptocurrencies using cash or credit/debit cards without the need to provide personal identification. However, it's worth noting that the availability of KYC-free ATMs may vary depending on your location, and transaction fees may be higher compared to other methods.
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• Dec 28, 2021 · 3 years ago
  BYDFi, a popular decentralized exchange, offers an alternative to the KYC process. With BYDFi, users can trade cryptocurrencies without the need for KYC verification. This provides a level of privacy and anonymity for those who value their personal information. However, it's important to note that using decentralized exchanges may come with certain risks, such as potential scams or security vulnerabilities. It's always recommended to do your own research and exercise caution when using any cryptocurrency exchange.
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