Is it possible to buy crypto without ID verification?

3 answers

• Dec 16, 2021 · 3 years ago
  Yes, it is possible to buy cryptocurrency without ID verification. Some decentralized exchanges (DEXs) allow users to trade crypto without the need for ID verification. However, these platforms may have lower liquidity and fewer trading options compared to centralized exchanges. It's important to do thorough research and consider the risks before using a DEX without ID verification.
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• Dec 16, 2021 · 3 years ago
  Unfortunately, most reputable centralized exchanges require ID verification to comply with anti-money laundering (AML) and know your customer (KYC) regulations. This is done to prevent fraud, money laundering, and other illegal activities. If you want to buy crypto without ID verification, you may need to explore peer-to-peer trading platforms or find individuals willing to sell crypto without verification.
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• Dec 16, 2021 · 3 years ago
  At BYDFi, we prioritize the security and compliance of our platform. We require ID verification to ensure a safe trading environment for our users. While there may be other platforms that allow buying crypto without ID verification, we recommend following legal and regulatory requirements to protect your investments and prevent potential risks.
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