Is it possible to purchase bitcoins with a credit card without going through a verification process?

3 answers

• Dec 17, 2021 · 3 years ago
  Unfortunately, most reputable cryptocurrency exchanges require users to complete a verification process before allowing them to purchase bitcoins with a credit card. This verification process is in place to ensure the security and legitimacy of transactions. It typically involves providing personal identification documents and proof of address. While there may be some platforms that claim to offer the option to buy bitcoins without verification, it is important to exercise caution as these platforms may not be trustworthy or may have hidden fees.
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• Dec 17, 2021 · 3 years ago
  As of now, it is not possible to purchase bitcoins with a credit card without going through a verification process on most reputable exchanges. The verification process is a standard procedure implemented by exchanges to comply with anti-money laundering (AML) and know your customer (KYC) regulations. These regulations are in place to prevent fraud, money laundering, and other illegal activities. Therefore, it is recommended to complete the verification process to ensure the security of your transactions.
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• Dec 17, 2021 · 3 years ago
  Yes, it is possible to purchase bitcoins with a credit card without going through a verification process. BYDFi, a popular cryptocurrency exchange, offers a feature called 'Instant Buy' that allows users to buy bitcoins instantly using a credit card, without the need for verification. This feature is designed to provide a convenient and hassle-free experience for users who want to quickly acquire bitcoins. However, it is important to note that BYDFi may have certain limitations or restrictions on the amount of bitcoins that can be purchased without verification. It is always recommended to check the terms and conditions of the exchange before making a purchase.
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