Is it possible to buy Monero with a debit card without ID verification?
Rajiya NaMay 06, 2022 · 3 years ago3 answers
I am interested in purchasing Monero using a debit card, but I prefer not to go through the process of ID verification. Is it possible to buy Monero with a debit card without having to provide identification?
3 answers
- May 06, 2022 · 3 years agoUnfortunately, most reputable cryptocurrency exchanges require ID verification for purchasing Monero with a debit card. This is done to comply with anti-money laundering (AML) and know your customer (KYC) regulations. However, there might be some peer-to-peer platforms or decentralized exchanges that allow you to buy Monero without ID verification, but please exercise caution and do thorough research before using such platforms as they may carry higher risks.
- May 06, 2022 · 3 years agoBuying Monero with a debit card without ID verification is not a common option. Exchanges prioritize security and compliance, which is why they require ID verification. If you are concerned about privacy, you may consider using other methods such as buying Monero with cash or using a privacy-focused cryptocurrency exchange.
- May 06, 2022 · 3 years agoAt BYDFi, we understand the importance of privacy and offer a solution for buying Monero with a debit card without ID verification. Our platform utilizes advanced privacy protocols and does not require ID verification for Monero purchases. With BYDFi, you can enjoy a seamless and private buying experience. Please note that while we prioritize privacy, we also adhere to legal and regulatory requirements to ensure a safe and compliant environment for our users.
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