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

3 answers

• Muhammad AshrafSep 20, 2022 · 3 years ago
  Yes, it is possible to buy digital currencies without verifying your identity. Some decentralized exchanges allow users to trade cryptocurrencies without the need for identity verification. However, these platforms may have lower liquidity and limited trading options compared to centralized exchanges. It's important to do thorough research and consider the risks before using such platforms.
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• Hedrick TennantJul 08, 2025 · 6 months ago
  No, most reputable cryptocurrency exchanges require users to verify their identity before buying digital currencies. This is done to comply with anti-money laundering (AML) and know your customer (KYC) regulations. Identity verification helps prevent fraud, money laundering, and other illegal activities. It also adds an extra layer of security to protect users' funds.
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• Ruby ZhongMay 30, 2022 · 4 years ago
  At BYDFi, we prioritize the security and compliance of our platform. Therefore, we require users to verify their identity before buying digital currencies. This helps us ensure a safe and transparent trading environment for all our users. Identity verification also allows us to comply with regulatory requirements and prevent fraudulent activities. Rest assured that your personal information is handled with the utmost care and in accordance with privacy laws.
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