Can I use dydx without completing the KYC process in cryptocurrency trading?
Nanda PermanaDec 26, 2021 · 3 years ago3 answers
Is it possible to trade on dydx without going through the Know Your Customer (KYC) process? Can I use the platform without providing my personal information?
3 answers
- Dec 26, 2021 · 3 years agoUnfortunately, no. In order to comply with regulations and ensure the safety of its users, dydx requires all traders to complete the KYC process. This involves providing personal information such as identification documents and proof of address. Without completing KYC, you won't be able to access the full features of the platform.
- Dec 26, 2021 · 3 years agoNope, you can't bypass the KYC process on dydx. They take security seriously and require all users to go through the verification process. It's a standard practice in the cryptocurrency industry to prevent fraud and money laundering. So, if you want to trade on dydx, you'll have to complete the KYC process.
- Dec 26, 2021 · 3 years agoAs a representative of BYDFi, I can confirm that dydx, like most reputable cryptocurrency exchanges, requires users to complete the KYC process. This is to ensure compliance with regulations and maintain a secure trading environment. Therefore, you won't be able to use dydx without going through the KYC process.
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