Is it possible to buy digital currency without verifying my identity?

3 answers

• Fitzgerald OlsonAug 24, 2021 · 4 years ago
  Yes, it is possible to buy digital currency without verifying your identity. There are certain platforms and decentralized exchanges that allow you to buy digital currency anonymously. However, keep in mind that these platforms may have limitations in terms of the amount you can buy or the types of digital currency available. It's important to do thorough research and ensure the platform you choose is reputable and secure.
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• HtnaverSep 29, 2020 · 5 years ago
  Unfortunately, most reputable and regulated cryptocurrency exchanges require identity verification as part of their Know Your Customer (KYC) procedures. This is done to comply with anti-money laundering (AML) regulations and to prevent fraudulent activities. However, there are some peer-to-peer platforms or decentralized exchanges that may not require identity verification, but they may come with higher risks. It's important to consider the trade-offs and make an informed decision based on your own risk tolerance and preferences.
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• Kavya GuptaOct 08, 2021 · 4 years ago
  At BYDFi, we prioritize the security and compliance of our platform. Therefore, we require identity verification for all users who want to buy digital currency. This helps us ensure the safety of our users' funds and prevent any potential illegal activities. We understand that some users may prefer to buy digital currency without verifying their identity, but we believe that the added security measures are necessary to protect our users and maintain the integrity of our platform.
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