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Can I use dydx without completing the KYC process in cryptocurrency trading?

avatarNanda 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?

Can I use dydx without completing the KYC process in cryptocurrency trading?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    Unfortunately, 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.
  • avatarDec 26, 2021 · 3 years ago
    Nope, 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.
  • avatarDec 26, 2021 · 3 years ago
    As 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.