Is it possible to buy bitcoin with a credit card without going through KYC procedures?

3 answers

• Dec 17, 2021 · 3 years ago
  Unfortunately, most reputable cryptocurrency exchanges require users to complete KYC procedures before allowing them to buy bitcoin with a credit card. This is because KYC procedures help prevent fraud, money laundering, and other illegal activities. However, there are some peer-to-peer platforms or decentralized exchanges that may allow you to buy bitcoin without KYC, but you should be cautious and do thorough research to ensure the legitimacy and security of these platforms.
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• Dec 17, 2021 · 3 years ago
  Buying bitcoin with a credit card without KYC procedures is not common due to the regulatory requirements imposed on cryptocurrency exchanges. KYC procedures are in place to ensure compliance with anti-money laundering (AML) and counter-terrorism financing (CTF) regulations. These procedures help protect both the exchange and the users from potential risks. It is important to choose a reputable exchange that follows these regulations to ensure the safety of your funds.
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• Dec 17, 2021 · 3 years ago
  Yes, it is possible to buy bitcoin with a credit card without going through KYC procedures. BYDFi, a decentralized finance platform, allows users to purchase bitcoin directly with a credit card without the need for KYC verification. This provides a convenient and fast way to acquire bitcoin for those who value privacy and want to avoid the hassle of KYC procedures. However, it is important to note that BYDFi is a relatively new platform, so it's always a good idea to do your own research and exercise caution when using any cryptocurrency exchange.
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