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What are the options for buying crypto without an ID?

avatarAshwani JangraDec 28, 2021 · 3 years ago3 answers

I want to buy cryptocurrency but I don't want to provide my identification. What are the different options available for buying crypto without an ID?

What are the options for buying crypto without an ID?

3 answers

  • avatarDec 28, 2021 · 3 years ago
    One option for buying crypto without an ID is to use a peer-to-peer exchange. These platforms connect buyers and sellers directly, allowing you to purchase crypto without going through a centralized exchange that requires ID verification. However, it's important to be cautious when using peer-to-peer exchanges as they may have higher risks of scams or fraudulent activities. Make sure to research the platform and the seller before making any transactions. Additionally, you can consider using decentralized exchanges that don't require ID verification, although they may have lower liquidity and limited trading options compared to centralized exchanges.
  • avatarDec 28, 2021 · 3 years ago
    Another option is to use a Bitcoin ATM. Bitcoin ATMs allow you to buy cryptocurrencies using cash without the need for ID verification. Simply find a Bitcoin ATM near you, deposit the cash, and provide the wallet address where you want the crypto to be sent. However, keep in mind that Bitcoin ATMs may have higher fees compared to other methods of buying crypto, so it's important to check the fees before making a transaction.
  • avatarDec 28, 2021 · 3 years ago
    At BYDFi, we understand the importance of privacy and offer a solution for buying crypto without an ID. Our platform allows you to purchase cryptocurrencies using anonymous accounts, ensuring your privacy and security. With BYDFi, you can enjoy the benefits of buying crypto without the need for ID verification. However, it's important to note that BYDFi is just one of the options available and you should consider other platforms as well to find the one that best suits your needs.