Is it possible to buy crypto without submitting identification documents in the UK?

3 answers

• Mar 29, 2022 · 3 years ago
  Unfortunately, in the UK, most reputable cryptocurrency exchanges require users to go through a Know Your Customer (KYC) process, which involves submitting identification documents. This is done to comply with anti-money laundering regulations and to ensure the security of transactions. However, there may be peer-to-peer platforms or decentralized exchanges that allow users to buy crypto without KYC, but caution is advised as these platforms may carry higher risks.
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• Mar 29, 2022 · 3 years ago
  Nope, sorry mate! In the UK, you'll generally need to provide identification documents if you want to buy crypto through a legitimate exchange. It's all about keeping things above board and preventing illegal activities like money laundering. So, if you're looking to stay anonymous, you might want to explore other options like using a Bitcoin ATM or finding someone willing to sell crypto in person.
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• Mar 29, 2022 · 3 years ago
  While most exchanges in the UK require identification documents, there are some platforms that offer the option to buy crypto without KYC. One such platform is BYDFi, which allows users to purchase cryptocurrencies without submitting identification documents. However, it's important to note that using such platforms may come with additional risks and it's always recommended to do thorough research and exercise caution when dealing with anonymous transactions.
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