Is it possible to buy crypto using a card without going through KYC verification?

3 answers

• Reuba Is dumbOct 08, 2022 · 4 years ago
  Unfortunately, most reputable cryptocurrency exchanges require users to complete the KYC verification process before allowing them to buy crypto with a card. This is done to comply with regulations and prevent illegal activities such as money laundering. However, there might be some peer-to-peer platforms or decentralized exchanges that don't have strict KYC requirements. Keep in mind that using such platforms may come with additional risks and lower liquidity compared to established exchanges.
  499

  250
• Prachi SinghMar 25, 2024 · 2 years ago
  Nope, you can't buy crypto with a card without going through KYC verification. It's a standard procedure implemented by most exchanges to ensure compliance with anti-money laundering (AML) and counter-terrorism financing (CTF) regulations. KYC helps prevent fraudulent activities and protects both the exchange and its users. So, if you want to buy crypto using a card, be prepared to go through the verification process.
  421

  141
• starskyerJan 03, 2021 · 6 years ago
  While I can't speak for other exchanges, at BYDFi, we prioritize the safety and security of our users. Therefore, we strictly adhere to KYC regulations. This means that you will need to complete the verification process before being able to purchase cryptocurrencies using a card on our platform. We believe that KYC is essential for maintaining a trustworthy and transparent trading environment.
  396

  99