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What are the ways to buy crypto without providing personal identification?

avatarGayathri H GDec 16, 2021 · 3 years ago3 answers

I'm interested in buying cryptocurrency but I don't want to provide my personal identification. Are there any ways to buy crypto without having to go through the process of verifying my identity?

What are the ways to buy crypto without providing personal identification?

3 answers

  • avatarDec 16, 2021 · 3 years ago
    Sure, there are a few ways you can buy crypto without providing personal identification. One option is to use a peer-to-peer exchange platform that allows users to trade directly with each other without the need for a central authority. These platforms often offer the option to buy crypto with cash or other payment methods that don't require identity verification. However, it's important to be cautious when using peer-to-peer exchanges, as there is a higher risk of scams and fraud. Make sure to do your research and choose a reputable platform with good user reviews.
  • avatarDec 16, 2021 · 3 years ago
    Absolutely! Another way to buy crypto without providing personal identification is to use a Bitcoin ATM. These machines allow you to purchase Bitcoin and other cryptocurrencies using cash or a debit card, without the need for identity verification. Just find a Bitcoin ATM near you, follow the instructions on the screen, and you'll be able to buy crypto anonymously. Keep in mind that Bitcoin ATMs usually charge higher fees compared to other methods of buying crypto, so it's important to consider the cost before making a purchase.
  • avatarDec 16, 2021 · 3 years ago
    At BYDFi, we offer a unique solution for buying crypto without providing personal identification. Our platform allows you to buy crypto using decentralized finance (DeFi) protocols, which operate on the blockchain and don't require identity verification. With BYDFi, you can enjoy the benefits of buying crypto without compromising your privacy. Just sign up for an account, connect your wallet, and start trading crypto without the hassle of personal identification. Join the BYDFi community today and experience the future of decentralized finance!