Can I buy cryptocurrencies without going through KYC on exchanges?

3 answers

• May 06, 2022 · 3 years ago
  Yes, there are certain peer-to-peer (P2P) platforms that allow users to buy cryptocurrencies without KYC. These platforms connect buyers and sellers directly, eliminating the need for KYC verification. However, it's important to note that using P2P platforms may come with higher risks, as there is no regulatory oversight. It's recommended to thoroughly research and choose reputable P2P platforms if opting for this method.
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• May 06, 2022 · 3 years ago
  No, most reputable exchanges require users to go through the KYC process before buying cryptocurrencies. KYC helps prevent fraud, money laundering, and other illegal activities. Exchanges are legally obligated to comply with KYC regulations to ensure the safety and security of their users and the integrity of the cryptocurrency market.
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• May 06, 2022 · 3 years ago
  While it's generally not possible to buy cryptocurrencies without KYC on most exchanges, there are decentralized exchanges (DEXs) that offer more privacy-focused options. These DEXs prioritize user privacy and allow users to trade cryptocurrencies without KYC verification. However, it's important to note that DEXs may have lower liquidity and limited trading options compared to centralized exchanges.
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