common-close-0
BYDFi
Trade wherever you are!

How can I purchase BTC with a debit card without going through a verification process?

avatarSheRwait SaeedDec 16, 2021 · 3 years ago3 answers

I want to buy BTC using my debit card, but I don't want to go through the hassle of a verification process. Is there any way to purchase BTC without providing personal information or going through a lengthy verification process?

How can I purchase BTC with a debit card without going through a verification process?

3 answers

  • avatarDec 16, 2021 · 3 years ago
    Unfortunately, most reputable cryptocurrency exchanges require users to go through a verification process before they can purchase BTC with a debit card. This process is in place to comply with anti-money laundering (AML) and know your customer (KYC) regulations. However, there are some peer-to-peer platforms or decentralized exchanges that allow users to buy BTC without verification. Keep in mind that using these platforms may carry higher risks and it's important to do thorough research and exercise caution when using them.
  • avatarDec 16, 2021 · 3 years ago
    Buying BTC without verification can be challenging, as most exchanges prioritize security and compliance. However, there are a few options you can explore. One option is to find a Bitcoin ATM that accepts debit cards. These ATMs usually have lower purchase limits, but they offer a relatively anonymous way to buy BTC. Another option is to use a peer-to-peer marketplace where you can find sellers who are willing to accept debit card payments without verification. Just be cautious and make sure to choose reputable sellers with good feedback.
  • avatarDec 16, 2021 · 3 years ago
    At BYDFi, we understand the desire for privacy and convenience when purchasing BTC. While we do require a verification process for most transactions, we also offer a feature called 'Quick Buy' that allows users to purchase BTC with a debit card without going through a lengthy verification process. This feature is designed to provide a seamless and user-friendly experience for those who value convenience and speed. Please note that this feature is subject to certain limitations and may not be available in all regions.