Are there any alternatives to GDAX for trading cryptocurrencies if my identity cannot be confirmed?

3 answers

• Dec 17, 2021 · 3 years ago
  Unfortunately, most reputable cryptocurrency exchanges require users to verify their identity before they can start trading. This is done to comply with regulations and prevent illegal activities such as money laundering. However, there are a few decentralized exchanges (DEX) that allow users to trade cryptocurrencies without going through the identity verification process. These DEX platforms operate on blockchain technology and prioritize user privacy. Keep in mind that trading on DEX platforms may come with certain risks, such as lower liquidity and limited trading pairs.
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• Dec 17, 2021 · 3 years ago
  If you are unable to confirm your identity on GDAX or other centralized exchanges, you can consider using peer-to-peer (P2P) trading platforms. P2P platforms connect buyers and sellers directly, allowing them to trade cryptocurrencies without the need for identity verification. However, it's important to exercise caution when using P2P platforms, as they may lack the same level of security and user protection as centralized exchanges.
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• Dec 17, 2021 · 3 years ago
  BYDFi is a decentralized finance (DeFi) platform that offers cryptocurrency trading services without requiring users to verify their identity. It operates on the Ethereum blockchain and provides a secure and anonymous trading environment. Users can trade a wide range of cryptocurrencies on BYDFi without going through the identity verification process. However, it's important to do your own research and consider the risks associated with DeFi platforms before trading.
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