Many people are asking me how to buy bitcoin without KYC… The options are rather limited but it’s possible. Here’s how…

I am getting a lot of questions from people who are interested to buy bitcoin but do not want to sign up at exchanges and undergo heavy KYC due to privacy concerns.

Almost all crypto exchanges these days require users to undergo an ID check to use their platform making it seemingly impossible to buy/sell bitcoin without divulging personal information.

Yet, there are is a way you can trade crypto for cash without KYC.

Decentralised Exchanges [DEX]:

DEX exchanges allow users to perform direct peer-to-peer transactions by connecting buyers and sellers. These platforms are decentralized and transactions are verified through smart contracts.

Such platforms truly are a wonderful example of blockchain technology and trustless systems.

Top DEX exchanges:

There are few other ways [Bitcoin ATMs, Binance] to buy bitcoin for cash but the amount is usually heavily capped for non-KYC users.

Source: How to convert BTC to Fiat without KYC — 2021

submitted by /u/primalfabric
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