Post
Topic
Board Bitcoin Discussion
Re: Buying BTC from KYC exchange
by
arwin100
on 26/07/2021, 23:42:38 UTC
for me personally it's okay to buy crypto on the KYC exchange because now it seems that there is still the only safest way to get crypto without getting scam ( if you choose trusted exchange ) and also it depends on where you live too. if in my country there is an e-commerce that sells bitcoin assets as well. This does not require KYC but is also safe because our money is held by the e-commerce.

I also prefer to use KYC exchanges to buy Bitcoins, because that's probably the safest way I can think of for now. Although the risk is that we must be
willing to lose our privacy, because we have to submit our personal data to these exchanges. Therefore, it is better if we finally decide to use KYC exchanges
to buy Bitcoin, choose one that has a good reputation.I've been using KYC exchanges in my country for 5 years, and luckily I haven't had any bad experiences.

I think there are a couple of possibilities to buy Bitcoin safely apart from exchanges that demand KYC. First of all there are exchanges, reputable exchanges that don't ask for KYC and then you also have a couple of swapping services that you can trust as far as I know.

If you are dealing with fiat and  buy bitcoin on  exchange I think majority will ask KYC for their users so for this a proper selection on choosing top tier exchange is really good here since selecting those exchange who  offer something  like who doesn't  require KYC is so shady to me. If  They don't like  KYC better to  do P2p  and drag some escrow on  the deal to make the transaction smoothly.