Is it possible to buy BTC with a debit card without KYC?
priyanka yadavDec 30, 2021 · 3 years ago3 answers
Is it feasible to purchase Bitcoin (BTC) using a debit card without undergoing Know Your Customer (KYC) verification?
3 answers
- Dec 30, 2021 · 3 years agoYes, it is possible to buy Bitcoin with a debit card without KYC verification. Some peer-to-peer (P2P) platforms allow users to directly trade with each other, eliminating the need for KYC. However, it's important to exercise caution and ensure the reliability of the platform and the counterparty before proceeding with the transaction. Additionally, keep in mind that some countries have regulations in place that require KYC for cryptocurrency transactions.
- Dec 30, 2021 · 3 years agoBuying Bitcoin with a debit card without KYC can be a bit tricky. While there are platforms that claim to offer such services, they may not always be reliable or secure. It's important to do thorough research and read reviews before choosing a platform. Additionally, consider using a reputable cryptocurrency exchange that requires KYC to ensure the legitimacy of the transaction.
- Dec 30, 2021 · 3 years agoAt BYDFi, we prioritize the security and compliance of our users' transactions. Therefore, we require KYC verification for all cryptocurrency purchases, including those made with a debit card. KYC helps us prevent fraud, money laundering, and other illegal activities. We understand that some users may prefer to maintain their privacy, but we believe that KYC is essential for a safe and trustworthy trading environment.
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