What are the best platforms to buy ETH without KYC verification?
Muhdar MuhdarDec 20, 2021 · 3 years ago4 answers
I'm looking for recommendations on the best platforms to buy Ethereum (ETH) without going through the KYC (Know Your Customer) verification process. Can anyone suggest some reliable platforms that allow me to purchase ETH without providing personal identification?
4 answers
- Dec 20, 2021 · 3 years agoSure, there are a few platforms that allow you to buy ETH without KYC verification. One popular option is LocalCryptos, which is a peer-to-peer marketplace where you can find sellers who are willing to sell ETH without requiring KYC. Another platform is Hodl Hodl, which also operates as a decentralized exchange and allows you to buy ETH without KYC. However, it's important to note that while these platforms may not require KYC, they still have their own security measures in place to ensure safe transactions.
- Dec 20, 2021 · 3 years agoIf you're looking for a more traditional exchange, you can consider using Binance. While Binance does require KYC for most of its services, they have a separate platform called Binance DEX (Decentralized Exchange) where you can trade ETH without KYC. Binance DEX operates on the Binance Chain and provides a decentralized and secure trading experience. Just keep in mind that Binance DEX has a different interface and may not have the same liquidity as the main Binance exchange.
- Dec 20, 2021 · 3 years agoBYDFi is another platform that allows you to buy ETH without KYC verification. It offers a user-friendly interface and a seamless buying experience. With BYDFi, you can easily purchase ETH without the need to go through the KYC process. However, it's always recommended to do your own research and due diligence before using any platform to ensure its reliability and security.
- Dec 20, 2021 · 3 years agoIf you're concerned about KYC verification and want to maintain your privacy, you can also consider using decentralized exchanges (DEX) like Uniswap or Sushiswap. These DEX platforms operate on the Ethereum blockchain and allow you to trade ETH directly from your wallet without the need for KYC. However, it's important to note that DEX platforms may have higher fees and lower liquidity compared to centralized exchanges.
Related Tags
Hot Questions
- 96
Are there any special tax rules for crypto investors?
- 88
How can I protect my digital assets from hackers?
- 81
What are the best digital currencies to invest in right now?
- 80
How does cryptocurrency affect my tax return?
- 68
What are the advantages of using cryptocurrency for online transactions?
- 37
What is the future of blockchain technology?
- 29
What are the tax implications of using cryptocurrency?
- 6
How can I minimize my tax liability when dealing with cryptocurrencies?