Is it possible to buy crypto without providing identification?

3 answers

• Kavin GamageJun 30, 2020 · 5 years ago
  Yes, it is possible to buy cryptocurrencies without providing identification. Some decentralized exchanges allow users to trade cryptocurrencies without KYC (Know Your Customer) requirements. However, it's important to note that these exchanges may have lower liquidity and security compared to centralized exchanges. Additionally, some peer-to-peer platforms also offer the option to buy cryptocurrencies without identification, but users should be cautious and conduct thorough research before using such platforms.
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• Guo MoNov 24, 2022 · 3 years ago
  No, most reputable cryptocurrency exchanges require users to provide identification before purchasing cryptocurrencies. This is done to comply with anti-money laundering (AML) and know-your-customer (KYC) regulations. By verifying users' identities, exchanges aim to prevent illegal activities such as money laundering and fraud. Therefore, it is highly recommended to choose a regulated and trustworthy exchange that follows these regulations to ensure the safety of your funds and comply with legal requirements.
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• Randall YangskiFeb 03, 2025 · 6 months ago
  As an expert in the field, I can confirm that it is possible to buy cryptocurrencies without providing identification. However, it is important to consider the risks associated with such transactions. While decentralized exchanges and peer-to-peer platforms may offer anonymity, they may also lack the security measures and customer support provided by regulated exchanges. Therefore, it is crucial to weigh the benefits and risks before deciding to purchase cryptocurrencies without identification.
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