common-close-0
BYDFi
Trade wherever you are!

How can I buy crypto with PayPal without KYC?

avatarMrunalDec 17, 2021 · 3 years ago3 answers

I want to buy cryptocurrency using PayPal, but I don't want to go through the KYC (Know Your Customer) process. Is there any way to buy crypto with PayPal without KYC?

How can I buy crypto with PayPal without KYC?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    Unfortunately, most reputable cryptocurrency exchanges require KYC verification for users who want to buy crypto with PayPal. This is to ensure compliance with anti-money laundering (AML) and know your customer (KYC) regulations. However, there are some peer-to-peer platforms and decentralized exchanges that may allow you to buy crypto with PayPal without KYC. Keep in mind that these platforms may have lower liquidity and higher risks compared to regulated exchanges. Make sure to do thorough research and exercise caution when using these platforms.
  • avatarDec 17, 2021 · 3 years ago
    Buying crypto with PayPal without KYC can be challenging. While there are some options available, they may not be as secure or reliable as using a regulated exchange. It's important to consider the risks involved and make an informed decision. Additionally, keep in mind that regulations may vary depending on your location, so it's always a good idea to check the local laws and regulations before proceeding with any crypto transactions.
  • avatarDec 17, 2021 · 3 years ago
    At BYDFi, we understand the importance of privacy and security when it comes to buying crypto. While we cannot directly facilitate PayPal transactions without KYC, we offer a range of other payment options that prioritize user privacy. Our platform is designed to provide a seamless and secure trading experience, ensuring that your personal information is protected. Feel free to explore our platform and discover the various payment options available to you.