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Is it possible to purchase crypto on Reddit without KYC verification?

avatarhamodDec 16, 2021 · 3 years ago3 answers

I'm interested in buying cryptocurrency on Reddit, but I don't want to go through the KYC verification process. Is it possible to purchase crypto on Reddit without KYC verification?

Is it possible to purchase crypto on Reddit without KYC verification?

3 answers

  • avatarDec 16, 2021 · 3 years ago
    Unfortunately, most reputable cryptocurrency exchanges require KYC verification for purchasing crypto. This is to comply with regulatory requirements and prevent money laundering and fraud. While Reddit is a popular platform for discussing crypto, it is not a dedicated exchange and does not offer a direct option to purchase crypto without KYC verification.
  • avatarDec 16, 2021 · 3 years ago
    As of now, there is no official feature on Reddit that allows users to purchase crypto without KYC verification. However, it's worth noting that there might be individuals or groups on Reddit who may offer to sell crypto without KYC verification. Keep in mind that engaging in such transactions carries risks, as there is no guarantee of the seller's credibility or the legality of the transaction.
  • avatarDec 16, 2021 · 3 years ago
    At BYDFi, we provide a decentralized platform for purchasing and trading cryptocurrencies. Our platform allows users to buy crypto without KYC verification, as it operates on the principles of decentralization and privacy. However, it's important to do thorough research and exercise caution when using any platform or engaging in crypto transactions to ensure the safety of your investments.