Is it possible to purchase cryptocurrencies using Apple Pay without going through the KYC process?

4 answers

• Dec 29, 2021 · 3 years ago
  Unfortunately, most reputable cryptocurrency exchanges require users to complete the KYC process before allowing them to make purchases using Apple Pay. KYC is a regulatory requirement aimed at preventing money laundering and ensuring the security of the platform. While it may be possible to find some smaller, less regulated exchanges that don't enforce KYC, it's important to exercise caution and consider the risks involved in using such platforms.
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• Dec 29, 2021 · 3 years ago
  As of now, major cryptocurrency exchanges like Binance and Coinbase, which support Apple Pay, strictly adhere to KYC regulations. This means that you'll need to provide identification documents and personal information to complete the KYC process before being able to use Apple Pay for crypto purchases. KYC helps ensure the legitimacy of transactions and protects both the exchange and its users from potential fraud or illegal activities.
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• Dec 29, 2021 · 3 years ago
  While I can't speak for other exchanges, at BYDFi, we understand the importance of KYC and comply with all relevant regulations. This means that even if you want to use Apple Pay for purchasing cryptocurrencies on our platform, you'll still need to go through the KYC process. We prioritize the security and safety of our users and strive to maintain a transparent and compliant environment.
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• Dec 29, 2021 · 3 years ago
  Buying cryptocurrencies without going through the KYC process is not recommended. KYC helps prevent fraudulent activities, money laundering, and ensures the security of both the exchange and its users. While it may seem convenient to bypass KYC, it's important to consider the potential risks and legal implications. It's always best to use reputable exchanges that prioritize compliance and user safety.
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