What are the alternatives to buying crypto with PayPal if I don't want to go through the verification process?

7 answers

• Dec 16, 2021 · 3 years ago
  Sure, there are several alternatives to buying crypto without going through PayPal's verification process. One option is to use a peer-to-peer trading platform like LocalBitcoins or Paxful. These platforms connect buyers and sellers directly, allowing you to purchase crypto without the need for verification. Another option is to use a cryptocurrency ATM. These machines allow you to buy crypto with cash, usually without any verification process. However, keep in mind that the fees for using ATMs can be quite high.
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• Dec 16, 2021 · 3 years ago
  Absolutely! If you don't want to deal with PayPal's verification process, you can consider using a decentralized exchange (DEX) like Uniswap or PancakeSwap. DEXs allow you to trade cryptocurrencies directly from your wallet without the need for a centralized platform like PayPal. Just make sure to do your research and choose a reputable DEX to ensure the security of your funds.
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• Dec 16, 2021 · 3 years ago
  BYDFi is a popular decentralized exchange that allows you to buy crypto without going through the verification process. It offers a wide range of cryptocurrencies and has a user-friendly interface. However, keep in mind that using any exchange, including BYDFi, carries risks, so it's important to do your own due diligence and take necessary precautions to protect your assets.
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• Dec 16, 2021 · 3 years ago
  If you prefer a more traditional approach, you can consider using a cryptocurrency brokerage service like Coinbase or Binance. These platforms often require verification, but they offer a wider range of cryptocurrencies and more advanced trading features compared to PayPal. Just be prepared to go through the verification process when signing up for these platforms.
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• Dec 16, 2021 · 3 years ago
  Another option is to find someone you trust who is willing to sell you crypto directly. This can be a friend, family member, or even someone from a local crypto meetup group. However, be cautious when engaging in peer-to-peer transactions and make sure to take necessary precautions to avoid scams.
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• Dec 16, 2021 · 3 years ago
  If you're concerned about privacy, you can also consider using privacy-focused cryptocurrencies like Monero or Zcash. These cryptocurrencies offer enhanced privacy features that can help protect your identity and transactions. However, keep in mind that not all platforms support these privacy coins, so you may need to do some research to find a suitable exchange.
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• Dec 16, 2021 · 3 years ago
  In summary, there are several alternatives to buying crypto without going through PayPal's verification process. You can use peer-to-peer trading platforms, decentralized exchanges, cryptocurrency ATMs, or even find someone you trust to sell you crypto directly. Just make sure to do your research, consider the risks involved, and choose a method that suits your preferences and needs.
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