Is it possible to purchase cryptocurrency without verifying my identity?

3 answers

• May 08, 2022 · 3 years ago
  Yes, it is possible to purchase cryptocurrency without verifying your identity. There are decentralized exchanges (DEXs) that allow you to trade cryptocurrencies without the need for identity verification. However, keep in mind that DEXs may have lower liquidity and may not offer the same level of security as centralized exchanges.
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• May 08, 2022 · 3 years ago
  No, most reputable centralized exchanges require identity verification before allowing you to purchase cryptocurrency. This is to comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. Identity verification helps prevent fraud, money laundering, and other illegal activities.
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• May 08, 2022 · 3 years ago
  At BYDFi, we understand the importance of privacy and offer a solution for purchasing cryptocurrency without verifying your identity. Our platform allows you to buy cryptocurrencies with your credit card or bank transfer without the need for identity verification. However, please note that BYDFi is a third-party exchange and it's important to do your own research and consider the risks involved before using any exchange.
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