How can I purchase crypto without going through the KYC process?

3 answers

• Nov 26, 2021 · 3 years ago
  Unfortunately, most reputable exchanges and platforms require users to go through the KYC process before purchasing cryptocurrencies. This is to comply with regulations and prevent illegal activities such as money laundering. However, there are some decentralized exchanges (DEX) that do not require KYC. These DEX platforms allow users to trade cryptocurrencies directly from their wallets without the need for identity verification. Keep in mind that using DEX platforms may come with certain risks, such as limited liquidity and potential exposure to scams. It's important to do thorough research and exercise caution when using these platforms.
  648324
• Nov 26, 2021 · 3 years ago
  Buying crypto without KYC can be challenging, as most exchanges prioritize user verification for security and regulatory purposes. However, there are alternative methods to acquire cryptocurrencies anonymously. Peer-to-peer (P2P) trading platforms provide an avenue for individuals to buy and sell crypto directly from each other, without the need for KYC. These platforms connect buyers and sellers, allowing them to negotiate prices and payment methods. It's important to exercise caution when using P2P platforms and only transact with trusted individuals to minimize the risk of scams or fraud.
  598200
• Nov 26, 2021 · 3 years ago
  At BYDFi, we understand the importance of privacy and offer a solution for purchasing crypto without going through the KYC process. Our platform allows users to buy cryptocurrencies anonymously by leveraging the Binance Smart Chain (BSC). With BYDFi, you can trade crypto without the need for KYC verification, while still enjoying the benefits of a secure and reliable platform. Keep in mind that while BYDFi prioritizes privacy, it's important to comply with local regulations and ensure that your activities are legal and transparent.
  537135