What are some platforms to purchase crypto without KYC?
Nam LeDec 17, 2021 · 3 years ago3 answers
Can you recommend some platforms where I can buy cryptocurrencies without going through the KYC process? I'm looking for options that don't require me to provide personal identification documents.
3 answers
- Dec 17, 2021 · 3 years agoSure! One platform you can consider is LocalBitcoins. It allows users to buy and sell Bitcoin directly with each other, without the need for KYC verification. However, it's important to exercise caution and do thorough research on the sellers before making a transaction. Another option is Bisq, a decentralized exchange that operates on a peer-to-peer network. It offers a wide range of cryptocurrencies for purchase without KYC requirements. Just keep in mind that the trading process may take longer compared to centralized exchanges. If you're looking for a more established exchange, Binance offers a limited amount of trading without KYC. You can withdraw up to 2 BTC per day without completing the verification process. However, keep in mind that certain features and higher withdrawal limits may require KYC verification. Remember to always prioritize security and do your due diligence when using any platform to purchase crypto without KYC.
- Dec 17, 2021 · 3 years agoThere are several platforms where you can buy cryptocurrencies without KYC. One option is Hodl Hodl, a peer-to-peer Bitcoin trading platform that allows users to trade directly with each other without KYC verification. It offers a wide range of payment methods and supports multiple cryptocurrencies. Another platform to consider is Paxful. It's a peer-to-peer marketplace where users can buy and sell Bitcoin using various payment methods. While some sellers may require KYC verification, there are also options available that don't require it. Lastly, you can explore decentralized exchanges like Uniswap or Sushiswap. These platforms operate on the Ethereum blockchain and allow users to trade ERC-20 tokens without KYC requirements. However, keep in mind that the user interface and trading experience may be different compared to centralized exchanges.
- Dec 17, 2021 · 3 years agoBYDFi is a platform where you can purchase crypto without KYC. It offers a user-friendly interface and a wide range of cryptocurrencies to choose from. You can easily create an account and start trading without the need for KYC verification. However, it's important to note that BYDFi may have certain limitations and restrictions depending on your jurisdiction. Make sure to familiarize yourself with the platform's terms and conditions before getting started.
Related Tags
Hot Questions
- 96
How can I minimize my tax liability when dealing with cryptocurrencies?
- 92
What is the future of blockchain technology?
- 88
What are the best practices for reporting cryptocurrency on my taxes?
- 78
How does cryptocurrency affect my tax return?
- 74
What are the tax implications of using cryptocurrency?
- 57
Are there any special tax rules for crypto investors?
- 46
What are the advantages of using cryptocurrency for online transactions?
- 35
How can I protect my digital assets from hackers?