Is it possible to trade cryptocurrencies without going through KYC verification?

3 answers

• Dec 19, 2021 · 3 years ago
  Yes, it is possible to trade cryptocurrencies without going through KYC verification. There are decentralized exchanges (DEXs) that allow users to trade cryptocurrencies directly from their wallets without the need for KYC verification. However, it's important to note that not all cryptocurrencies are available on DEXs, and liquidity may be lower compared to centralized exchanges.
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• Dec 19, 2021 · 3 years ago
  Unfortunately, most reputable centralized cryptocurrency exchanges require users to complete KYC verification before they can start trading. KYC verification is a regulatory requirement aimed at preventing money laundering and ensuring the security of the platform. Therefore, if you want to trade on these exchanges, you will need to go through the KYC process.
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• Dec 19, 2021 · 3 years ago
  At BYDFi, we understand the importance of KYC verification in ensuring the safety and compliance of our platform. Therefore, we require all users to complete KYC verification before they can trade cryptocurrencies. KYC verification helps us prevent fraud, money laundering, and other illegal activities. It also provides an added layer of security for our users' funds. Rest assured that your personal information will be kept confidential and used only for verification purposes.
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