How can I purchase cryptocurrencies using Apple Pay without going through the KYC process?
Aaradhya DeyDec 19, 2021 · 3 years ago3 answers
Is it possible to buy cryptocurrencies using Apple Pay without going through the KYC (Know Your Customer) process? I want to maintain my privacy and avoid sharing personal information. Are there any platforms or exchanges that allow this?
3 answers
- Dec 19, 2021 · 3 years agoUnfortunately, most reputable cryptocurrency exchanges require users to go through the KYC process before they can purchase cryptocurrencies using Apple Pay. This process is in place to comply with regulations and prevent illegal activities such as money laundering. However, there are some decentralized exchanges (DEXs) that may not require KYC, but they may have limited trading options and liquidity. It's important to do thorough research and consider the risks before using such platforms.
- Dec 19, 2021 · 3 years agoAs of now, there are no major exchanges that allow users to buy cryptocurrencies using Apple Pay without KYC. KYC is a standard procedure in the cryptocurrency industry to ensure compliance with regulations and prevent fraud. While it may seem inconvenient for privacy-conscious individuals, it helps maintain the integrity of the market and protect users from potential scams. If privacy is a top priority for you, you may consider using privacy-focused cryptocurrencies or exploring alternative payment methods that offer more anonymity.
- Dec 19, 2021 · 3 years agoAt BYDFi, we understand the importance of privacy and user security. While we do require KYC for certain transactions, we also offer a range of privacy-focused features and options. However, it's important to note that using Apple Pay without going through the KYC process may be challenging due to regulatory requirements. We recommend exploring other payment methods or platforms that align with your privacy preferences.
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