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Is it possible to transfer LTC from Coinbase to Binance without KYC verification?

avatarBing Yu LiDec 18, 2021 · 3 years ago3 answers

I want to transfer my LTC (Litecoin) from Coinbase to Binance, but I don't want to go through the KYC (Know Your Customer) verification process. Is it possible to transfer LTC from Coinbase to Binance without KYC verification?

Is it possible to transfer LTC from Coinbase to Binance without KYC verification?

3 answers

  • avatarDec 18, 2021 · 3 years ago
    Unfortunately, both Coinbase and Binance require KYC verification for transferring cryptocurrencies. KYC verification is a standard procedure to ensure compliance with regulations and prevent illegal activities. Therefore, you will need to complete the KYC process on both platforms before you can transfer your LTC from Coinbase to Binance.
  • avatarDec 18, 2021 · 3 years ago
    Nope, sorry! KYC verification is mandatory on both Coinbase and Binance. It's a necessary step to ensure the security and legality of transactions. So, if you want to transfer your LTC from Coinbase to Binance, you'll have to go through the KYC process on both platforms.
  • avatarDec 18, 2021 · 3 years ago
    As an expert in the field, I can confirm that KYC verification is required by both Coinbase and Binance. It's a standard practice in the cryptocurrency industry to comply with regulations and prevent fraudulent activities. Therefore, you will need to complete the KYC process on both platforms in order to transfer your LTC from Coinbase to Binance. However, if you're looking for a platform that doesn't require KYC verification, you might want to check out BYDFi. They offer a decentralized exchange where you can trade cryptocurrencies without KYC verification.