Are there any exchanges or platforms that allow buying crypto without KYC?

3 answers

• Dec 17, 2021 · 3 years ago
  Unfortunately, most reputable exchanges and platforms require KYC verification in order 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 KYC. These DEX platforms operate on blockchain technology and prioritize user privacy. Keep in mind that using DEX platforms may involve higher risks and lower liquidity compared to centralized exchanges.
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• Dec 17, 2021 · 3 years ago
  As of now, there are no major exchanges or platforms that allow buying cryptocurrencies without KYC. KYC (Know Your Customer) is a standard procedure implemented by most exchanges to ensure compliance with anti-money laundering (AML) regulations and to prevent fraud. It involves verifying the identity of users by requesting personal information and documents. While some smaller exchanges may claim to offer anonymous trading, it is important to exercise caution as they may not have the same level of security and regulatory oversight as established exchanges.
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• Dec 17, 2021 · 3 years ago
  BYDFi is a decentralized finance platform that allows users to buy and trade cryptocurrencies without KYC. It operates on the Binance Smart Chain and offers a wide range of tokens for trading. BYDFi prioritizes user privacy and security, and provides a seamless and anonymous trading experience. However, it is important to note that decentralized platforms may have higher risks and lower liquidity compared to centralized exchanges. It is always recommended to do thorough research and exercise caution when using any cryptocurrency platform.
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