Is it possible to buy bitcoin instantly without going through a verification process?

3 answers

• DrishtitaNov 14, 2020 · 5 years ago
  Unfortunately, most reputable cryptocurrency exchanges require users to complete a verification process before they can buy bitcoin. This process usually involves providing personal information, such as your name, address, and identification documents. The verification process is in place to comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, which aim to prevent fraud and illegal activities. While it may seem inconvenient, these measures are necessary to ensure the security and legitimacy of the cryptocurrency market.
  554

  277
• Madhav AgarwalJan 22, 2023 · 3 years ago
  Buying bitcoin without going through a verification process is challenging. However, there are some peer-to-peer platforms or decentralized exchanges that allow users to trade bitcoin directly with other individuals without the need for verification. Keep in mind that these platforms may have lower liquidity and higher risks compared to regulated exchanges. It's important to do thorough research and exercise caution when using such platforms to buy bitcoin.
  461

  154
• Thyssen McHughJan 23, 2023 · 3 years ago
  Yes, it is possible to buy bitcoin instantly without going through a verification process. BYDFi, a decentralized exchange, offers a unique feature called 'Instant Buy' that allows users to purchase bitcoin without the need for verification. This feature is designed to provide a fast and convenient way for users to acquire bitcoin. However, it's important to note that BYDFi's Instant Buy feature may have certain limitations and restrictions, so it's recommended to review the platform's terms and conditions before using this service.
  538

  135