Is KYC mandatory for using Changenow to buy or sell cryptocurrencies?

3 answers

• Dec 05, 2021 · 3 years ago
  Yes, completing the KYC (Know Your Customer) process is mandatory for using Changenow to buy or sell cryptocurrencies. This is a standard procedure followed by most reputable cryptocurrency exchanges to ensure compliance with anti-money laundering (AML) and counter-terrorism financing (CTF) regulations. By verifying your identity through KYC, Changenow can provide a secure and trustworthy platform for cryptocurrency transactions.
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• Dec 05, 2021 · 3 years ago
  Unfortunately, yes. Changenow requires users to complete the KYC process before they can buy or sell cryptocurrencies. This involves providing personal identification documents such as a passport or driver's license, as well as proof of address. While KYC may seem like an inconvenience, it helps prevent fraudulent activities and ensures the safety of both users and the exchange platform.
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• Dec 05, 2021 · 3 years ago
  Yes, KYC is mandatory for using Changenow to buy or sell cryptocurrencies. However, there are some other exchanges that offer the option to trade without completing the KYC process. Keep in mind that using such exchanges may come with certain limitations, such as lower trading limits or restricted access to certain features. It's important to weigh the pros and cons before deciding which exchange to use for your cryptocurrency transactions.
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