How can I purchase cryptocurrency with fiat currency without KYC verification?

3 answers

• Jan 08, 2022 · 3 years ago
  Unfortunately, most reputable cryptocurrency exchanges require KYC verification for fiat-to-crypto transactions. 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 cryptocurrency without KYC verification. Keep in mind that these platforms may have lower liquidity and higher risk compared to regulated exchanges.
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• Jan 08, 2022 · 3 years ago
  Buying cryptocurrency without KYC verification can be a challenge. While there are some options available, they may come with certain limitations. For example, you can explore using Bitcoin ATMs or decentralized exchanges that don't require KYC verification. However, these options may have higher fees or lower liquidity. It's important to do thorough research and consider the risks before making any transactions.
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• Jan 08, 2022 · 3 years ago
  At BYDFi, we understand the concerns around KYC verification and privacy. While we prioritize user security and compliance, we also respect the need for privacy. Unfortunately, as a regulated exchange, we are required to follow KYC procedures for fiat-to-crypto transactions. However, there are other platforms and methods available that may suit your needs. It's important to weigh the pros and cons and choose the option that aligns with your priorities.
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