Is it possible to buy crypto at 16 without ID verification?

3 answers

• May 06, 2022 · 3 years ago
  No, most cryptocurrency exchanges require ID verification to comply with anti-money laundering (AML) and know your customer (KYC) regulations. This is to prevent fraud, money laundering, and other illegal activities. Without proper identification, it's unlikely that you'll be able to buy crypto on reputable exchanges.
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• May 06, 2022 · 3 years ago
  Unfortunately, you'll need to wait until you're 18 to buy cryptocurrency on most exchanges. ID verification is a standard requirement to ensure the security and legality of transactions. It's important to follow the rules and regulations set by the exchanges to protect yourself and the crypto community.
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• May 06, 2022 · 3 years ago
  While it's generally not possible to buy crypto at 16 without ID verification, there are some peer-to-peer platforms or decentralized exchanges that may allow you to trade without ID verification. However, be cautious when using these platforms, as they may have higher risks and less security measures in place. Always do thorough research and consider the potential risks before making any transactions.
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