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Is it possible to buy bitcoin and send it instantly without any verification process?

avatarHede RileyDec 19, 2021 · 3 years ago3 answers

I'm wondering if it's possible to purchase bitcoin and send it to someone without going through any verification process. Can I skip the KYC (Know Your Customer) and AML (Anti-Money Laundering) procedures and still send bitcoin instantly?

Is it possible to buy bitcoin and send it instantly without any verification process?

3 answers

  • avatarDec 19, 2021 · 3 years ago
    Unfortunately, it is not possible to buy bitcoin and send it instantly without any verification process. Most reputable cryptocurrency exchanges and platforms require users to go through a KYC (Know Your Customer) process to ensure compliance with anti-money laundering regulations. This process typically involves providing identification documents and verifying your identity. Once you have completed the verification process, you can buy bitcoin and send it instantly within the platform.
  • avatarDec 19, 2021 · 3 years ago
    Nope, sorry! Buying bitcoin and sending it without any verification process is not an option. Due to regulatory requirements and the need to prevent fraud and money laundering, most exchanges and platforms have strict verification procedures in place. These procedures help ensure the security and legitimacy of transactions. So, if you want to buy bitcoin and send it instantly, you'll need to go through the verification process.
  • avatarDec 19, 2021 · 3 years ago
    Well, technically speaking, it is possible to buy bitcoin and send it instantly without any verification process. However, it's important to note that this is not recommended and can be risky. Exchanges that don't require verification may not have the same level of security and regulatory compliance as reputable platforms. Additionally, sending bitcoin without verification can make it difficult to trace and recover funds in case of any issues. It's always best to use a trusted and regulated exchange that follows proper verification procedures to ensure the safety of your transactions. BYDFi, for example, is a reputable exchange that prioritizes security and compliance.