Today the idea of cryptocurrencies has “burst into the world” and a record number of people have decided to invest in cryptocurrencies like Bitcoin, Litecoin, etc. The latest statistics show that 8% of the US population has already invested in cryptocurrency. If you are waiting for a sign to start investing in cryptocurrency, then here it is. Do it! In this article, we will tell you how to buy crypto with credit card without verification.
What is cryptocurrency? It is a unique virtual currency. This type of currency uses cryptographic functions and blockchain technology to make online transactions. Cryptocurrencies are completely decentralized: no one controls them, and, in theory, they are not subject to government control. However, some governments have recently begun actively working to regulate crypto coins and other transaction-related issues.
People can exchange cryptocurrencies online on the Switchere site or some app with low fees if any. This advantage makes cryptocurrency much more attractive than traditional currencies and financial institutions for exchange. It is extremely easy to buy cryptocurrency without id in 2021.
Why invest in cryptocurrency? Investing in a cryptocurrency will give you many benefits. Here are several main arguments for beginners, based on which experts usually invest in a cryptocurrency:
- Simple and secure transactions. With cryptocurrency, it’s easy to send money to someone in a secure way. To exchange cryptocurrencies, experts use public and private keys. This ensures safety and reduces fees.
- Cryptocurrencies work with blockchain technology. It includes an online ledger that allows transactions to be verified and creates a fair play environment for users.
- Variety of financial portfolios. The cryptocurrency industry is very different from traditional institutions and can give your finances a big boost.
The growing adaptation of cryptocurrency in the real world. The processes that we are witnessing right now are the initial stage of the development of the cryptocurrency market. There are already 4,000 Bitcoin ATMs around the world. And yet, this is too few compared to traditional ATMs. Despite the relatively short lifetime of cryptocurrency in general, it is becoming more and more popular. Many organizations, banks, countries, and governments are showing a strong interest in blockchain as one of the main components of Bitcoin. It means that buying Bitcoin from the bank will soon be “commonplace”.
How to Buy Crypto without Verification or ID Anonymously
What is verification and where to buy cryptocurrency? Technologies are developing, gradually removing traditional barriers of distance and language, opening up a world of unlimited economic opportunities. But, at the same time, doing business, in particular in Europe, becomes more risky. The authorities put pressure on companies to identify and analyze whom they do business with. This is necessary to reduce the threat of financial crime and terrorism.
Legislation may vary slightly in different regions, but the basic requirements are similar. Any organization doing business internationally should comply with the KYC standards of the jurisdictions. Gradually, compliance with KYC and AML requirements is becoming the norm, even in those industries that traditionally didn’t require it.
Nevertheless, good cryptocurrency exchanges understand their users’ penchant for anonymity because this is one of the meanings of cryptocurrency. Therefore, many of them changed the rules, forcing only large clients working with large amounts of money to undergo verification. The rest can freely use the functionality without disclosing confidential information.
So, is it possible to buy crypto with credit card and without verification? Yes, it is. And the Switchere service can help you with this. It is developing rapidly. And it is currently considered the largest cryptocurrency exchange in terms of trading volume and number of users. This place works with all popular and many rare cryptocurrencies/tokens. It also supports several popular fiat currencies. What else?
- Verification is optional
- For unverified users, the daily withdrawal limit is 2 BTC
- After verification, you can purchase cryptocurrency for fiat from a debit card in USD or any other currency
So, you can buy cryptocurrency no verification is needed on numerous online cryptocurrency exchanges, for example, Switchere. On these exchanges, you can buy crypto with debit card, sell, and withdraw cryptocurrency and other assets without going through verification. But for those who intend to trade in volumes from 1-2 BTC and prioritize the safety of funds, it is better to go through verification.