Is it possible to buy bitcoin without verification and still keep my identity anonymous?

3 answers

• Nov 25, 2021 · 3 years ago
  Unfortunately, most reputable cryptocurrency exchanges require some form of verification in order to comply with anti-money laundering (AML) and know your customer (KYC) regulations. This means that if you want to buy bitcoin from these exchanges, you will need to provide personal information such as your name, address, and identification documents. However, there are some peer-to-peer platforms and decentralized exchanges that allow you to buy bitcoin without verification. Keep in mind that using these platforms may come with higher risks and lower liquidity compared to established exchanges.
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• Nov 25, 2021 · 3 years ago
  Yes, it is possible to buy bitcoin without verification and maintain your anonymity. You can use platforms like LocalBitcoins or Paxful, where you can find sellers who are willing to trade bitcoin without requiring extensive verification. However, it's important to exercise caution when using these platforms and conduct thorough research on the seller's reputation and trade history to ensure a safe transaction.
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• Nov 25, 2021 · 3 years ago
  At BYDFi, we prioritize the security and compliance of our users. Therefore, we require verification for all transactions on our platform. This helps us prevent fraud, money laundering, and other illegal activities. We understand the importance of privacy, but we also believe in creating a safe and transparent trading environment for our users. If you value anonymity, we recommend exploring other options outside of our platform.
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