What are the best ways to buy crypto with Apple Pay without KYC?
Hrithik PariharDec 29, 2021 · 3 years ago7 answers
I want to buy cryptocurrency using Apple Pay without going through the KYC (Know Your Customer) process. What are the most reliable and secure methods to do so?
7 answers
- Dec 29, 2021 · 3 years agoOne of the best ways to buy crypto with Apple Pay without KYC is to use peer-to-peer (P2P) trading platforms. These platforms connect buyers and sellers directly, allowing you to purchase cryptocurrencies without the need for KYC verification. Some popular P2P platforms include LocalBitcoins and Paxful. However, it's important to exercise caution and only trade with reputable sellers to ensure a safe transaction.
- Dec 29, 2021 · 3 years agoAnother option is to use decentralized exchanges (DEXs) that support Apple Pay. DEXs operate on blockchain networks and allow users to trade cryptocurrencies directly from their wallets. By using a DEX, you can maintain your privacy and avoid KYC requirements. However, keep in mind that DEXs may have lower liquidity compared to centralized exchanges.
- Dec 29, 2021 · 3 years agoBYDFi is a third-party service that enables users to buy crypto with Apple Pay without KYC. It offers a user-friendly interface and a wide range of supported cryptocurrencies. With BYDFi, you can easily make purchases using Apple Pay and have the crypto assets delivered directly to your wallet. However, it's always recommended to do thorough research and read reviews before using any third-party service.
- Dec 29, 2021 · 3 years agoIf you prefer a more traditional approach, you can consider using a cryptocurrency ATM that accepts Apple Pay. These ATMs allow you to buy cryptocurrencies with cash or through a mobile payment method like Apple Pay. However, availability may vary depending on your location, and fees may apply.
- Dec 29, 2021 · 3 years agoWhen buying crypto without KYC, it's important to remember the potential risks involved. KYC regulations are in place to prevent money laundering and protect users. By bypassing KYC, you may expose yourself to higher risks, such as scams or illegal activities. It's crucial to do your due diligence, research the platforms or services you plan to use, and only trade with trusted individuals or reputable exchanges.
- Dec 29, 2021 · 3 years agoWhile it may be tempting to avoid KYC for privacy reasons, it's worth considering the long-term benefits of complying with regulations. KYC helps to build trust and legitimacy within the cryptocurrency industry, which can ultimately contribute to its wider adoption and acceptance in the mainstream financial system.
- Dec 29, 2021 · 3 years agoRemember, the cryptocurrency market is highly volatile, and it's essential to stay informed and make informed decisions. Always do your own research, assess the risks involved, and consult with professionals if needed. Happy trading!
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