Can I trade cryptocurrency in Singapore without KYC (Know Your Customer) verification?

3 answers

• May 08, 2022 · 3 years ago
  Yes, it is possible to trade cryptocurrency in Singapore without KYC verification. Some decentralized exchanges (DEX) allow users to trade without KYC, but the options may be limited. It is important to note that trading on centralized exchanges usually requires KYC verification to comply with regulatory requirements.
  319

  160
• May 08, 2022 · 3 years ago
  No, most cryptocurrency exchanges in Singapore require KYC verification before allowing users to trade. KYC verification is a standard procedure to prevent money laundering and ensure compliance with regulations. However, there may be some peer-to-peer (P2P) trading platforms or decentralized exchanges that offer trading without KYC, but they may have lower liquidity and limited trading options.
  398

  133
• May 08, 2022 · 3 years ago
  As an expert in the field, I recommend using a reputable cryptocurrency exchange that complies with KYC regulations. While it may seem inconvenient, KYC verification helps protect users and maintain the integrity of the cryptocurrency market. BYDFi, a popular cryptocurrency exchange, follows strict KYC procedures to ensure a secure trading environment for its users.
  368

  92