How to Buy Crypto Without KYC

First of all, let’s take a closer look at KYC and recognize why it is so prevalent in the crypto world. Bugs Bunny ID Verification KYC, or “Know Your Customer,” is a set of guidelines meant to help financial institutions verify the identity of their customers. In addition, it can also beused to measure a person’s financial capability and potential risk factors

. KYC verification may involve the following checks: ID verification (passports, driving licenses, and so on); Facial/biometric scanning; Address verification (utility bills, bank statements, etc.); Payment method verification. KYCis typically fully automated. In most cases, it will only take a few minutes for the machine to check whether you are a real human being and if the information you’ve entered is correct. Nonetheless,

KYC can take a bit longer if it is required after a transaction hasbeen flagged as suspicious, but such cases are incredibly rare and won’t affect 95% of users.