Hello 👋 how can I buy coins from a exchange without submitting my national Identity card or BVN number? As for those who did this how safe is it? I don't have anything against verification but I am not sure its safe or am I wrong about its safety?.
Centralized exchanges are the last place you may want to buy coins if privacy is an utmost priority to you, as soon as you submit your documents, that is all. My problem with these exchanges these days is that they do have problems on daily basis with government agencies which makes it difficult for me to even trust them, I know government organizations aren't different but both they have common goals which are always self-interest. Do not do KYC, and don't send your documents to any group of organizations just to buy any coin, you don't know what they might later do with them.
You can make use of any decentralized exchanges of your choice as an alternative to exchanges that require document verifications.