How can I avoid the need for ID verification when trading cryptocurrencies?

3 answers

• Mar 20, 2022 · 3 years ago
  Unfortunately, most reputable cryptocurrency exchanges require ID verification for trading. This is to comply with anti-money laundering (AML) and know your customer (KYC) regulations. However, there are a few decentralized exchanges (DEXs) that allow trading without ID verification. Keep in mind that DEXs may have lower liquidity and fewer trading options compared to centralized exchanges.
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• Mar 20, 2022 · 3 years ago
  Avoiding ID verification when trading cryptocurrencies is not recommended. ID verification helps ensure the security and legitimacy of transactions, protecting both the exchange and the traders. It also helps prevent fraud and money laundering. It's best to choose a reputable exchange that prioritizes security and compliance.
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• Mar 20, 2022 · 3 years ago
  At BYDFi, we understand the concerns around ID verification. While we prioritize security and compliance, we also offer a streamlined verification process to make it as convenient as possible for our users. Our advanced security measures ensure the protection of your personal information. However, it's important to note that ID verification is a standard practice in the cryptocurrency industry to prevent fraud and comply with regulations.
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