Is it possible to purchase BTC using Apple Pay without going through KYC verification?
Nasywan AzrialDec 20, 2021 · 3 years ago3 answers
I want to buy BTC using Apple Pay, but I don't want to go through the KYC verification process. Is it possible to purchase BTC without KYC verification when using Apple Pay?
3 answers
- Dec 20, 2021 · 3 years agoUnfortunately, most reputable cryptocurrency exchanges require KYC verification for purchasing BTC. This is because KYC (Know Your Customer) regulations are in place to prevent money laundering and ensure the security of transactions. Therefore, it is unlikely that you will find a legitimate exchange that allows you to buy BTC using Apple Pay without going through KYC verification.
- Dec 20, 2021 · 3 years agoNope, sorry! KYC verification is a standard procedure for most cryptocurrency exchanges. It helps to establish the identity of users and prevent fraudulent activities. So, if you want to purchase BTC using Apple Pay, you'll need to go through the KYC verification process.
- Dec 20, 2021 · 3 years agoWhile I can't speak for other exchanges, at BYDFi, we prioritize the safety and security of our users. Therefore, we require KYC verification for all transactions, including purchases made with Apple Pay. This ensures that our platform remains compliant with regulations and provides a secure environment for trading cryptocurrencies.
Related Tags
Hot Questions
- 82
Are there any special tax rules for crypto investors?
- 78
What are the tax implications of using cryptocurrency?
- 74
What are the advantages of using cryptocurrency for online transactions?
- 73
How can I buy Bitcoin with a credit card?
- 65
What are the best digital currencies to invest in right now?
- 48
How can I minimize my tax liability when dealing with cryptocurrencies?
- 47
How does cryptocurrency affect my tax return?
- 38
What are the best practices for reporting cryptocurrency on my taxes?