Is it possible to buy digital currency without KYC verification?

3 answers

• Dec 19, 2021 · 3 years ago
  Yes, it is possible to buy digital currency without KYC verification. There are decentralized exchanges (DEXs) that allow users to trade cryptocurrencies without the need for KYC verification. However, it's important to note that not all cryptocurrencies may be available on DEXs, and the liquidity may be lower compared to centralized exchanges.
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• Dec 19, 2021 · 3 years ago
  No, most reputable cryptocurrency exchanges require KYC verification before allowing users to buy digital currency. KYC verification is a regulatory requirement that helps prevent money laundering and other illegal activities. It also helps protect users' funds and ensures compliance with local laws and regulations.
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• Dec 19, 2021 · 3 years ago
  At BYDFi, we prioritize the security and compliance of our platform. Therefore, we require KYC verification for all users before they can buy digital currency. KYC verification helps us maintain a safe and trusted trading environment for our users, and it also ensures that we are in compliance with relevant regulations.
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