Is it possible to purchase crypto without ID verification?

3 answers

• Dec 28, 2021 · 3 years ago
  Yes, it is possible to purchase cryptocurrencies without ID verification. Some decentralized exchanges (DEXs) and peer-to-peer (P2P) trading platforms allow users to trade crypto without the need for identity verification. However, it's important to note that these platforms may have lower liquidity and limited trading options compared to centralized exchanges. Additionally, be cautious of potential risks and scams when using anonymous platforms.
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• Dec 28, 2021 · 3 years ago
  Absolutely! There are several ways to buy cryptocurrencies without ID verification. One option is to use a Bitcoin ATM, where you can insert cash and receive crypto directly to your wallet without the need for ID verification. Another option is to find individuals willing to sell crypto in person or through online platforms that prioritize privacy. Keep in mind that these methods may come with higher fees and limited availability.
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• Dec 28, 2021 · 3 years ago
  While it is technically possible to purchase crypto without ID verification, it's important to consider the risks and limitations involved. At BYDFi, we prioritize the safety and security of our users, which is why we require ID verification for all transactions. This helps prevent fraud and ensures compliance with regulatory requirements. We believe that providing a secure and trusted trading environment is essential for the long-term success of the cryptocurrency industry.
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