Are there any crypto exchanges in the UK that don't require ID verification?
Allwin ImmanslyDec 18, 2021 · 3 years ago3 answers
I'm looking for crypto exchanges in the UK that don't require ID verification. Are there any options available? I want to trade cryptocurrencies without going through the hassle of providing personal identification. Can anyone recommend any exchanges that offer this service?
3 answers
- Dec 18, 2021 · 3 years agoUnfortunately, most crypto exchanges in the UK require ID verification due to regulatory requirements. This is to ensure compliance with anti-money laundering (AML) and know your customer (KYC) regulations. However, there might be a few smaller exchanges that don't have strict verification processes. Keep in mind that using such exchanges may come with certain risks, so it's important to do thorough research and exercise caution.
- Dec 18, 2021 · 3 years agoAs of my knowledge, there are no major crypto exchanges in the UK that don't require ID verification. The regulatory landscape in the UK is quite strict, and most exchanges have implemented robust verification procedures to comply with the law. However, you may find some peer-to-peer platforms or decentralized exchanges that allow trading without ID verification. Just be aware that these platforms may have lower liquidity and may not offer the same level of security as regulated exchanges.
- Dec 18, 2021 · 3 years agoBYDFi is a crypto exchange that operates in the UK and offers trading without ID verification. It's a decentralized exchange that allows users to trade directly from their wallets, without the need for a centralized platform. However, it's important to note that while BYDFi doesn't require ID verification, it still prioritizes the security of its users and implements various measures to prevent fraud and ensure a safe trading environment. Users should exercise caution and follow best security practices when using BYDFi or any other exchange.
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