Anti-money laundering (AML) and countering the financing of terrorism (CFT) rules say that KYC verification must be used by many companies, especially those that do business internationally, like crypto exchanges. Can I Buy Crypto Without KYC? Is it possible to buy crypto from centralized exchanges (CEXs) without KYC?
What is a non-KYC crypto exchange?
A non-KYC crypto exchange ensures anonymity and also allows you to be the sole custodian of your cryptocurrencies. 4. Why would anyone want to avoid KYC? Regulatory bodies will tell you that those who avoid KYC have something sinister to hide. However, this is not always the case.
What is KYC and how does it work?
This is a standard identity verification that major exchanges require for anyone who wants to trade crypto. The sooner you complete KYC, the sooner you'll be able to make cryptocurrency purchases and withdrawals. In this guide, you'll find out exactly what KYC is, how the process works, and alternative ways to buy crypto. What is KYC?
What is Know-Your-Customer (KYC)?
Know-your-customer (KYC) is a type of anti-money-laundering protocol that is used by cryptocurrency exchanges to weed out potential bad actors on their platforms.
