Post
Topic
Board Bitcoin Discussion
Re: Buying BTC from KYC exchange
by
masterrex
on 26/07/2021, 12:15:02 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? 

I think it depends on your personal perspective because I believe that KYC is not bad, I'm a law-abiding citizen, and in my country if we transact to a bank we should go through a KYC procedure it was required by the law and also in my country I can buy Bitcoin and other cryptocurrencies in a central Bank regulated and license crypto exchange so buying BTC on a KYC exchange is not a problem with me.