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What are the options for purchasing crypto without ID verification?

avatarMohamed RedaDec 29, 2021 · 3 years ago3 answers

I'm looking for ways to buy cryptocurrencies without having to go through the process of ID verification. Are there any options available that allow me to purchase crypto without submitting my personal identification documents?

What are the options for purchasing crypto without ID verification?

3 answers

  • avatarDec 29, 2021 · 3 years ago
    Certainly! There are a few options available for purchasing cryptocurrencies without ID verification. One option is to use a peer-to-peer exchange platform that allows users to trade directly with each other. These platforms often offer the option to buy crypto with cash or other payment methods that don't require ID verification. Another option is to use a Bitcoin ATM, which allows you to buy cryptocurrencies with cash without the need for ID verification. However, it's important to note that these options may come with higher fees or lower liquidity compared to traditional exchanges.
  • avatarDec 29, 2021 · 3 years ago
    You bet! If you're looking to buy crypto without going through the hassle of ID verification, you can consider using a decentralized exchange (DEX). DEXs allow you to trade cryptocurrencies directly from your wallet without the need for any personal identification documents. However, it's worth mentioning that DEXs may have lower trading volumes and fewer available trading pairs compared to centralized exchanges. Additionally, be cautious of potential security risks associated with DEXs and always do thorough research before using any platform.
  • avatarDec 29, 2021 · 3 years ago
    Absolutely! One option that allows you to purchase crypto without ID verification is BYDFi. BYDFi is a decentralized finance (DeFi) platform that offers a wide range of financial services, including the ability to buy and sell cryptocurrencies without the need for ID verification. With BYDFi, you can enjoy the benefits of decentralized trading while maintaining your privacy. However, it's important to note that BYDFi is just one of the many options available, and it's always recommended to explore different platforms and choose the one that best suits your needs.