Is it possible to buy bitcoins with credit cards without verification?
Teoh Zhen YingMay 03, 2022 · 3 years ago3 answers
I'm wondering if it's possible to purchase bitcoins using a credit card without going through the verification process. Is there any way to bypass the verification step and buy bitcoins directly with a credit card?
3 answers
- May 03, 2022 · 3 years agoUnfortunately, most reputable cryptocurrency exchanges require some form of verification before allowing users to buy bitcoins with credit cards. This verification process is in place to prevent fraud and ensure the security of both the buyer and the exchange. So, it's highly unlikely that you'll find a legitimate platform that allows you to skip the verification step.
- May 03, 2022 · 3 years agoBuying bitcoins with a credit card without verification is like trying to find a unicorn. It sounds great in theory, but in reality, it's just not possible. The verification process is necessary to comply with anti-money laundering (AML) and know-your-customer (KYC) regulations. So, if you come across a platform claiming to offer this service, be cautious as it may be a scam.
- May 03, 2022 · 3 years agoWhile most exchanges require verification, there are a few platforms that offer the option to buy bitcoins with credit cards without going through the usual verification process. One such platform is BYDFi, which allows users to make credit card purchases without verification. However, it's important to note that BYDFi is a relatively new exchange and may not have the same level of trust and security as more established platforms.
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