Is it possible to buy crypto without submitting KYC documents?

3 answers

• Nov 26, 2021 · 3 years ago
  Yes, it is possible to buy cryptocurrencies without submitting KYC documents. Some decentralized exchanges (DEXs) allow users to trade cryptocurrencies without the need for KYC verification. However, it's important to note that not all cryptocurrencies are available on DEXs, and the liquidity may be lower compared to centralized exchanges.
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• Nov 26, 2021 · 3 years ago
  Unfortunately, most centralized exchanges require users to go through the KYC process before they can buy cryptocurrencies. This is due to regulatory requirements and the need to comply with anti-money laundering (AML) policies. KYC helps prevent fraud and ensures the legitimacy of transactions.
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• Nov 26, 2021 · 3 years ago
  At BYDFi, we understand the importance of KYC compliance and the need for user verification. We prioritize the security and safety of our users' funds, which is why we require KYC documents for account verification. This helps us prevent fraudulent activities and maintain a trusted trading environment for our users.
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