Is it possible to purchase cryptocurrency with a credit card without going through KYC verification?

3 answers

• Dec 18, 2021 · 3 years ago
  Yes, it is possible to purchase certain cryptocurrencies with a credit card without going through KYC verification. Some exchanges allow users to make small purchases without KYC, but larger transactions may require verification. It's important to note that not all exchanges offer this option, and it's always recommended to do thorough research and choose a reputable platform to ensure the security of your funds.
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• Dec 18, 2021 · 3 years ago
  No, most reputable cryptocurrency exchanges require KYC verification for credit card purchases. KYC (Know Your Customer) is a standard procedure implemented by exchanges to comply with regulations and prevent fraud. It involves providing personal identification documents to verify your identity. While there may be some platforms that claim to offer credit card purchases without KYC, they may not be trustworthy or secure. It's advisable to choose exchanges that prioritize user security and comply with regulations.
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• Dec 18, 2021 · 3 years ago
  As a representative of BYDFi, I can confirm that our platform does not currently offer the option to purchase cryptocurrency with a credit card without KYC verification. We prioritize the security and compliance of our users, and KYC verification is a mandatory step for credit card transactions on our platform. We believe that KYC procedures help protect our users and prevent fraudulent activities. If you're looking for a secure and reliable exchange that requires KYC verification, BYDFi is a great choice.
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