Post
Topic
Board Bitcoin Discussion
Re: Buying BTC from KYC exchange
by
KaliLinux
on 25/07/2021, 06:22:42 UTC
Up until now, I thought the only way to convert fiat to BTC is through KYC exchanges. It seems like there are alternatives such as Bysk. Did I shoot myself in the foot by purchasing through KYC exchanges? 
My question is, why so much concern/fear about buying BTC from kyc exchange?  You probably must have done that kyc before you were able to do that transactions I believe and you weren't concerned then? I have used kyc exchange since the beginning of my cryptocurrency dealings and don't have a problem with it until now the financial institutions are banned from doing any crypto transactions, so we result to P2P.
If it 8s not a crime in your country to do cryptocurrency trade then I don't think there should be this much concern except otherwise.