How can I buy BTC with a debit card without KYC?
Malaika ImranDec 15, 2021 · 3 years ago3 answers
I want to buy Bitcoin (BTC) using my debit card, but I don't want to go through the KYC (Know Your Customer) process. Is there any way to purchase BTC without KYC using a debit card?
3 answers
- Dec 15, 2021 · 3 years agoUnfortunately, most reputable cryptocurrency exchanges require KYC verification for buying Bitcoin with a debit card. This is to comply with regulations and prevent fraud. However, there are some peer-to-peer (P2P) platforms or decentralized exchanges that may allow you to buy BTC without KYC. Keep in mind that using such platforms may carry higher risks and lower liquidity compared to traditional exchanges.
- Dec 15, 2021 · 3 years agoBuying BTC without KYC using a debit card can be challenging. KYC is a standard procedure implemented by most exchanges to ensure compliance with regulations and prevent illegal activities. However, you may consider using a Bitcoin ATM that accepts debit cards. These ATMs usually have lower purchase limits and higher fees, but they may not require extensive KYC verification.
- Dec 15, 2021 · 3 years agoAt BYDFi, we understand the importance of KYC compliance and the need for secure transactions. While we don't support buying BTC without KYC, we offer a user-friendly platform for trading various cryptocurrencies. Our platform ensures a smooth and secure trading experience with advanced security measures in place. If you're looking for a reliable and compliant exchange, we recommend considering BYDFi for your cryptocurrency trading needs.
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