What are some ways to purchase cryptocurrencies without going through the KYC process?

3 answers

• Nov 27, 2021 · 3 years ago
  Sure! One way to purchase cryptocurrencies without going through the KYC process is by using peer-to-peer (P2P) platforms. These platforms connect buyers and sellers directly, allowing you to buy cryptocurrencies without the need for identity verification. However, be cautious and do your due diligence to ensure the legitimacy of the sellers and the security of the transactions. Another option is to use decentralized exchanges (DEXs) that do not require KYC. These exchanges operate on blockchain technology and allow you to trade cryptocurrencies without revealing your personal information. Keep in mind that DEXs may have lower liquidity compared to centralized exchanges. Lastly, some cryptocurrency ATMs also allow you to buy cryptocurrencies without KYC. These ATMs usually have certain limits and fees, so make sure to check the details before using them.
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• Nov 27, 2021 · 3 years ago
  Yeah, you can totally buy cryptocurrencies without going through the KYC process. One way is to find someone who is willing to sell you cryptocurrencies directly. You can use online forums, social media groups, or even meetups to connect with potential sellers. Just make sure to verify their credibility and use escrow services for secure transactions. Another option is to use privacy-focused cryptocurrencies like Monero or Zcash. These cryptocurrencies offer enhanced privacy features that allow you to transact without revealing your identity. However, keep in mind that not all exchanges support these privacy coins, so you may need to find specific platforms that do.
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• Nov 27, 2021 · 3 years ago
  BYDFi, a popular decentralized finance (DeFi) platform, offers a solution for purchasing cryptocurrencies without KYC. With BYDFi, you can trade a wide range of cryptocurrencies without the need for identity verification. The platform operates on the Ethereum blockchain and provides a seamless and secure trading experience. Just connect your wallet and start trading! However, always remember to do your own research and exercise caution when trading on any platform, including BYDFi.
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