KYC For Crypto Exchanges (FAQs)

Do I need KYC to Buy Cryptocurrency? Centralized crypto exchanges requires KYC, where as Decentralized crypto exchanges don’t require KYC before making any purchase.

How Long Does Crypto KYC Verification Take? KYC verifications can take a few minutes or hours; however, sometimes, it might extend a few days.

Doesn’t KYC Defeat The Purpose of Anonymity in Crypto? KYC implemented by non-custodial centralized exchanges doesn’t support anonymity to a great extent.

What Are the Best KYC Cryptocurrency Exchanges? There isn’t a best KYC cryptocurrency exchange to trade with; it’s utterly subjective to you as a customer.