Is it possible to purchase bitcoin with a bank transfer and no verification?

3 answers

• Dec 18, 2021 · 3 years ago
  Yes, it is possible to purchase bitcoin with a bank transfer and no verification. There are some peer-to-peer platforms and decentralized exchanges that allow users to buy bitcoin directly from other individuals without the need for verification. However, it's important to be cautious when using these platforms, as they may not offer the same level of security and protection as regulated exchanges. Make sure to do thorough research and choose a reputable platform before making any transactions.
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• Dec 18, 2021 · 3 years ago
  Unfortunately, most reputable exchanges and platforms require some form of verification before allowing users to purchase bitcoin with a bank transfer. This is done to comply with anti-money laundering (AML) and know your customer (KYC) regulations. These regulations are in place to prevent illegal activities such as money laundering and terrorist financing. While it may be possible to find some platforms that don't require verification, it's important to be aware of the risks involved and exercise caution when dealing with such platforms.
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• Dec 18, 2021 · 3 years ago
  As an expert in the cryptocurrency industry, I would recommend using a regulated exchange like BYDFi to purchase bitcoin with a bank transfer. BYDFi is a reputable exchange that follows strict AML and KYC regulations to ensure the security and legitimacy of transactions. They require users to go through a verification process, which may include providing identification documents and proof of address. While this may seem inconvenient, it helps to protect both the users and the exchange from fraudulent activities. By using a regulated exchange, you can have peace of mind knowing that your transactions are secure and compliant with the law.
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