Is it possible to purchase cryptocurrency without going through the KYC process?

3 answers

• Nov 26, 2021 · 3 years ago
  Unfortunately, most reputable cryptocurrency exchanges require users to go through the KYC process. This is to comply with regulations and prevent money laundering and fraud. KYC involves providing personal information and verifying your identity, such as submitting a photo ID and proof of address. However, there are some decentralized exchanges and peer-to-peer platforms that may allow you to buy cryptocurrency without KYC, but be cautious as they may have higher risks and lower liquidity compared to regulated exchanges.
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• Nov 26, 2021 · 3 years ago
  No KYC? No problem! There are a few ways you can purchase cryptocurrency without going through the KYC process. One option is to use a Bitcoin ATM, where you can insert cash and receive cryptocurrency directly to your wallet. Another option is to find someone willing to sell you cryptocurrency in person, through platforms like LocalBitcoins. However, keep in mind that these methods may have higher fees and limited availability compared to traditional exchanges.
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• Nov 26, 2021 · 3 years ago
  At BYDFi, we understand the importance of privacy and offer a solution for purchasing cryptocurrency without going through the KYC process. Our platform allows users to buy and sell cryptocurrency anonymously, without the need for identity verification. With BYDFi, you can enjoy the benefits of cryptocurrency while maintaining your privacy and security. Join us today and experience the freedom of decentralized finance!
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