Is it possible to purchase cryptocurrency with a card without going through the verification process?

3 answers

• ekansh ojhaNov 01, 2020 · 5 years ago
  Unfortunately, most reputable cryptocurrency exchanges require users to go through a verification process before they can make a purchase with a card. This is done to comply with anti-money laundering (AML) and know your customer (KYC) regulations. The verification process usually involves providing personal identification documents and proof of address. While it may be inconvenient, it helps ensure the security and legitimacy of transactions on the platform.
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• Ajay JadhavJan 03, 2021 · 5 years ago
  Nope, sorry! You'll have to go through the verification process if you want to buy cryptocurrency with a card. It's a necessary step to prevent fraud and ensure compliance with regulations. So, make sure you have your ID and proof of address ready before you start the process. It may take a little time, but it's worth it for the peace of mind and security it provides.
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• GraeciaNRApr 06, 2024 · a year ago
  Well, there might be some peer-to-peer (P2P) platforms or decentralized exchanges that allow you to buy cryptocurrency with a card without going through the verification process. However, keep in mind that using such platforms may come with higher risks, as they may not have the same level of security and regulatory oversight as established exchanges. It's important to do thorough research and exercise caution when using these platforms to protect your funds and personal information.
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