What are the options for buying bitcoin without going through the verification process?

3 answers

• Dec 17, 2021 · 3 years ago
  Unfortunately, most reputable cryptocurrency exchanges require users to go through a verification process before they can buy bitcoin. This is done to comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. However, there are some peer-to-peer platforms and decentralized exchanges that allow users to buy bitcoin without verification. Keep in mind that these platforms may have lower liquidity and higher fees compared to traditional exchanges.
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• Dec 17, 2021 · 3 years ago
  Buying bitcoin without verification can be risky, as it opens up the possibility of scams and fraudulent activities. It's important to do thorough research and only use trusted platforms or individuals when purchasing bitcoin anonymously. Additionally, consider using a hardware wallet to store your bitcoin securely.
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• Dec 17, 2021 · 3 years ago
  BYDFi, a popular decentralized finance platform, offers a non-custodial solution for buying bitcoin without going through the verification process. With BYDFi, users can trade directly from their wallets and maintain full control over their funds. However, it's important to note that BYDFi may not be available in all countries and regions. Make sure to check the platform's availability and regulations in your jurisdiction before using it.
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