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What are some ways to purchase crypto without going through the ID verification process?

avatarsourasNov 28, 2021 · 3 years ago3 answers

I want to buy cryptocurrencies without having to go through the hassle of ID verification. Are there any methods available that allow me to purchase crypto without providing personal identification?

What are some ways to purchase crypto without going through the ID verification process?

3 answers

  • avatarNov 28, 2021 · 3 years ago
    Sure, there are several ways to purchase cryptocurrencies without going through the ID verification process. One option is to use peer-to-peer (P2P) trading platforms like LocalBitcoins or Paxful. These platforms connect buyers and sellers directly, allowing you to purchase crypto without the need for ID verification. Another option is to use Bitcoin ATMs, which are available in many cities around the world. These ATMs allow you to buy cryptocurrencies with cash, usually without requiring any form of identification. However, keep in mind that Bitcoin ATMs often charge higher fees compared to other methods. Lastly, you can also consider using decentralized exchanges (DEXs) like Uniswap or PancakeSwap. These platforms operate on blockchain networks and allow you to trade cryptocurrencies without the need for ID verification. Just make sure to do your research and choose a reputable platform.
  • avatarNov 28, 2021 · 3 years ago
    No worries! If you're looking to purchase cryptocurrencies without going through the hassle of ID verification, you have a few options. One popular method is to use a prepaid debit card. These cards can be purchased with cash and used to buy cryptocurrencies on various exchanges. Some exchanges, like Coinmama, accept prepaid cards as a form of payment. Another option is to find a friend or acquaintance who is willing to sell you cryptocurrencies directly. This can be done through peer-to-peer platforms or even in person. Just make sure to take necessary precautions and only transact with trusted individuals. Additionally, some decentralized exchanges (DEXs) allow you to trade cryptocurrencies without ID verification. These platforms operate on blockchain networks and provide a more private and anonymous way to buy and sell crypto. However, keep in mind that using DEXs may require some technical knowledge and familiarity with wallet management.
  • avatarNov 28, 2021 · 3 years ago
    At BYDFi, we understand the importance of privacy and security when it comes to purchasing cryptocurrencies. That's why we offer a unique solution that allows you to buy crypto without going through the ID verification process. Our platform utilizes a decentralized finance (DeFi) protocol that enables users to trade cryptocurrencies directly from their wallets, without the need for KYC or ID verification. With BYDFi, you can enjoy the benefits of decentralized trading while maintaining your privacy. However, please note that the availability of cryptocurrencies and trading pairs may vary on our platform. Make sure to check our website for the latest updates and offerings.