Is it possible to buy crypto with a credit card and without providing personal identification?

3 answers

• alan wangSep 12, 2024 · a year ago
  Unfortunately, most reputable cryptocurrency exchanges require users to go through a verification process that includes providing personal identification. This is done to comply with anti-money laundering (AML) and know your customer (KYC) regulations. However, there are some peer-to-peer platforms or decentralized exchanges that may allow you to buy crypto without providing personal identification, but you need to be cautious and do thorough research to ensure the safety and legitimacy of these platforms.
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• NamellessApr 12, 2022 · 4 years ago
  Yes, it is possible to buy cryptocurrencies with a credit card without providing personal identification, but the options are limited. Some crypto ATMs allow users to purchase crypto using a credit card without the need for identification. However, these ATMs may have higher fees and lower purchase limits compared to traditional exchanges. Additionally, there might be geographical restrictions depending on the availability of crypto ATMs in your area.
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• Samarth PandhareDec 23, 2024 · a year ago
  At BYDFi, we understand the concerns regarding personal identification and privacy. While we prioritize the security and compliance of our platform, we also offer a user-friendly experience. Currently, we require users to go through a verification process that includes providing personal identification to ensure the safety of our users and prevent fraudulent activities. We are continuously exploring options to enhance user privacy while maintaining regulatory compliance.
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