Can I use crypto without ID verification for online purchases?

3 answers

• Dec 24, 2021 · 3 years ago
  Yes, there are platforms that allow for anonymous crypto purchases. Some decentralized exchanges (DEXs) do not require ID verification and allow users to trade and make purchases without revealing their identity. However, it's important to note that not all online merchants accept cryptocurrency directly, so you may need to use a cryptocurrency debit card or a peer-to-peer platform that connects buyers and sellers.
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• Dec 24, 2021 · 3 years ago
  While it is possible to make online purchases using cryptocurrency without ID verification, it's important to consider the risks involved. Without ID verification, there is a higher chance of encountering scams or fraudulent sellers. It's recommended to use reputable platforms or exchanges that have implemented strict security measures to protect users from fraud. Additionally, keep in mind that some countries have regulations in place that require cryptocurrency exchanges to perform ID verification for certain transactions.
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• Dec 24, 2021 · 3 years ago
  At BYDFi, we prioritize user privacy and offer a non-custodial decentralized exchange that allows for anonymous crypto purchases. Our platform does not require ID verification and ensures that your personal information remains private. With BYDFi, you can enjoy the benefits of using cryptocurrency for online purchases without compromising your privacy.
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