Is it possible to buy digital currencies without submitting my ID?

3 answers

• May 11, 2022 · 3 years ago
  Yes, it is possible to buy digital currencies without submitting your ID. There are decentralized exchanges that allow you to trade cryptocurrencies without the need for identification. However, keep in mind that these exchanges may have lower liquidity and may not offer the same level of security as centralized exchanges that require ID verification.
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• May 11, 2022 · 3 years ago
  No, most reputable cryptocurrency exchanges require ID verification to comply with anti-money laundering (AML) and know your customer (KYC) regulations. This helps prevent fraud, money laundering, and other illegal activities. However, there are some peer-to-peer platforms where you can buy digital currencies directly from individuals without ID verification, but be cautious and do thorough research before engaging in such transactions.
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• May 11, 2022 · 3 years ago
  At BYDFi, we understand the concerns regarding ID verification. While we prioritize the security and compliance of our platform, we also offer options for users who prefer to maintain their privacy. We have implemented advanced security measures to protect user information and ensure a safe trading environment. However, please note that certain transactions or features may require ID verification to comply with legal requirements and prevent fraudulent activities.
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