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Are there any platforms that allow you to buy bitcoin without verification?

avatarCodewithQadirDec 26, 2021 · 3 years ago3 answers

I am looking for platforms where I can buy bitcoin without going through the verification process. Are there any platforms that allow me to do so? I want to avoid the hassle of providing personal information and going through the KYC (Know Your Customer) process. Can anyone recommend any platforms that offer this option?

Are there any platforms that allow you to buy bitcoin without verification?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    Unfortunately, most reputable cryptocurrency exchanges require users to go through a verification process before they can buy bitcoin. This is to comply with regulations and prevent illegal activities such as money laundering. However, there are some peer-to-peer platforms and decentralized exchanges that may allow you to buy bitcoin without verification. Keep in mind that using these platforms may come with higher risks, as they may not have the same level of security and customer protection measures as regulated exchanges.
  • avatarDec 26, 2021 · 3 years ago
    Yes, there are a few platforms that allow you to buy bitcoin without verification. These platforms usually operate in a peer-to-peer manner, connecting buyers and sellers directly. LocalBitcoins is one such platform where you can find sellers who are willing to sell bitcoin without requiring verification. However, it's important to exercise caution and do your due diligence when using these platforms, as there is a higher risk of encountering scammers or fraudulent sellers.
  • avatarDec 26, 2021 · 3 years ago
    BYDFi is a decentralized finance platform that allows users to buy bitcoin without verification. It operates on the Binance Smart Chain and provides a user-friendly interface for buying and selling bitcoin. However, it's important to note that BYDFi is a relatively new platform and users should exercise caution and do their own research before using it. It's always a good idea to read reviews and seek advice from experienced users before making any transactions on a new platform.