Is it possible to purchase bitcoin without going through the verification process?

3 answers

• Nov 23, 2021 · 3 years ago
  Yes, it is possible to purchase bitcoin without going through the verification process. There are peer-to-peer platforms where you can find individuals willing to sell bitcoin without requiring extensive verification. However, be cautious and do your due diligence to ensure the legitimacy of the sellers. Keep in mind that this method may come with higher risks and potentially higher fees compared to using regulated exchanges.
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• Nov 23, 2021 · 3 years ago
  Unfortunately, most reputable exchanges and platforms require some level of verification to comply with anti-money laundering (AML) and know your customer (KYC) regulations. This is done to prevent fraud, money laundering, and other illegal activities. While it may be more convenient to avoid verification, it's important to consider the potential risks involved in using unregulated platforms or dealing with anonymous sellers.
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• Nov 23, 2021 · 3 years ago
  At BYDFi, we prioritize the security and compliance of our platform. We require users to complete the verification process before purchasing bitcoin. This helps us maintain a safe and trusted environment for all our users. We understand that the verification process can be time-consuming, but it's necessary to ensure the integrity of our platform and protect our users from potential risks.
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