common-close-0
BYDFi
Trade wherever you are!

What are the options for buying crypto on Reddit without providing ID?

avatarNandito TheedensDec 28, 2021 · 3 years ago3 answers

I'm interested in buying cryptocurrency on Reddit, but I don't want to provide my ID. Are there any options available for purchasing crypto on Reddit without having to go through the ID verification process?

What are the options for buying crypto on Reddit without providing ID?

3 answers

  • avatarDec 28, 2021 · 3 years ago
    Unfortunately, most reputable cryptocurrency exchanges require users to go through an ID verification process in order to comply with anti-money laundering (AML) and know your customer (KYC) regulations. This helps ensure the security and legitimacy of transactions. However, there might be some peer-to-peer trading options on Reddit where you can find individuals willing to sell cryptocurrency without requiring ID verification. Keep in mind that these transactions may carry higher risks, so it's important to exercise caution and do thorough research before proceeding.
  • avatarDec 28, 2021 · 3 years ago
    Buying cryptocurrency without providing ID on Reddit can be challenging. While there may be some individuals offering to sell crypto without ID verification, it's important to be cautious as scams and fraudulent activities are prevalent in the crypto space. It's recommended to use reputable exchanges that prioritize security and compliance. These exchanges may require ID verification, but they offer a safer and more regulated environment for buying and selling cryptocurrencies.
  • avatarDec 28, 2021 · 3 years ago
    At BYDFi, we understand the concerns about privacy and ID verification. While we don't offer services specifically for buying crypto on Reddit, we prioritize user privacy and security. Our platform allows users to trade cryptocurrencies without the need for extensive ID verification. However, it's important to note that BYDFi is an independent exchange and not directly affiliated with Reddit. We recommend exploring other options and conducting thorough research to find the best solution that suits your needs.