Which crypto exchanges in the UK offer anonymous buying options without ID verification?

3 answers

• Dec 14, 2021 · 3 years ago
  Unfortunately, most crypto exchanges in the UK require some form of ID verification before allowing users to buy cryptocurrencies. This is due to regulatory requirements and the need to comply with anti-money laundering (AML) and know your customer (KYC) regulations. However, there are a few exchanges that offer more privacy-focused options. One such exchange is LocalCryptos, which allows users to buy cryptocurrencies directly from other individuals without the need for ID verification. Another option is Hodl Hodl, a peer-to-peer exchange that also offers anonymous buying options. It's important to note that while these exchanges may offer more privacy, they may also have lower liquidity and higher fees compared to traditional exchanges.
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• Dec 14, 2021 · 3 years ago
  As of my knowledge, there are no crypto exchanges in the UK that offer completely anonymous buying options without any form of ID verification. This is because the UK has strict regulations in place to prevent money laundering and ensure the safety of its financial system. However, some exchanges may have less stringent verification requirements compared to others. For example, Binance, one of the largest crypto exchanges globally, allows users to trade cryptocurrencies with a basic level of verification, which may not require ID verification. It's always recommended to check the specific verification requirements of each exchange before signing up.
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• Dec 14, 2021 · 3 years ago
  While I can't speak for other exchanges, at BYDFi, we prioritize the security and compliance of our platform. As a result, we require users to complete a thorough ID verification process before they can buy cryptocurrencies on our exchange. This helps us ensure the safety of our users' funds and prevent any potential fraudulent activities. We understand that some users may prefer more privacy-focused options, but we believe that maintaining a high level of security and compliance is crucial in the crypto industry.
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