Is it possible to buy crypto with a credit card without KYC?

3 answers

• Dec 29, 2021 · 3 years ago
  Yes, it is possible to buy cryptocurrencies with a credit card without KYC. Some decentralized exchanges (DEXs) allow users to trade cryptocurrencies without requiring KYC. However, it's important to note that these platforms may have lower liquidity and limited trading options compared to centralized exchanges. Additionally, it's crucial to conduct thorough research and ensure the security of the DEX before making any transactions.
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• Dec 29, 2021 · 3 years ago
  Unfortunately, most reputable centralized exchanges require users to complete the KYC process before allowing credit card purchases of cryptocurrencies. KYC (Know Your Customer) is a standard procedure implemented by exchanges to verify the identity of their users and comply with regulatory requirements. This process helps prevent fraud, money laundering, and other illicit activities. Therefore, if you prefer to use a credit card for crypto purchases, you will likely need to go through the KYC process on most platforms.
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• Dec 29, 2021 · 3 years ago
  While I cannot speak for other exchanges, at BYDFi, we prioritize the safety and compliance of our users. Therefore, we require KYC verification for credit card purchases of cryptocurrencies. This helps protect our users from potential risks and ensures a secure trading environment. We understand that KYC may seem inconvenient for some users, but it is a necessary step to maintain the integrity of our platform and protect the interests of our community.
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