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Is it possible to purchase BTC using Apple Pay without going through KYC verification?

avatarNasywan 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?

Is it possible to purchase BTC using Apple Pay without going through KYC verification?

3 answers

  • avatarDec 20, 2021 · 3 years ago
    Unfortunately, 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.
  • avatarDec 20, 2021 · 3 years ago
    Nope, 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.
  • avatarDec 20, 2021 · 3 years ago
    While 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.