Can I purchase cryptocurrencies with a credit card without providing identification?

3 answers

• Shivam BiswasSep 11, 2024 · a year ago
  Yes, it is possible to purchase cryptocurrencies with a credit card without providing identification. Some cryptocurrency exchanges allow users to buy cryptocurrencies using their credit cards without the need for extensive verification. However, it's important to note that these exchanges may have certain limitations on the amount you can buy without identification. Additionally, this option may not be available in all countries or for all cryptocurrencies. It's always recommended to check the specific policies of the exchange you're using before making a purchase.
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• AmandipFeb 07, 2023 · 2 years ago
  No, most reputable cryptocurrency exchanges require users to go through a verification process before they can purchase cryptocurrencies using a credit card. This is done to comply with anti-money laundering (AML) and know your customer (KYC) regulations. The verification process usually involves providing identification documents such as a passport or driver's license. While there may be some exchanges that claim to allow purchases without identification, it's important to exercise caution as they may not be trustworthy or may have hidden fees and limitations.
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• Thyssen MelgaardFeb 11, 2021 · 4 years ago
  As an expert in the cryptocurrency industry, I can confirm that it is indeed possible to buy cryptocurrencies with a credit card without providing identification. However, I would advise against using such exchanges as they often have higher fees and may not offer the same level of security as exchanges that require verification. It's always better to choose a reputable exchange that follows regulatory guidelines and prioritizes the safety of your funds.
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