Cryptocurrency Q&A
Which digital wallet has no KYC?
Which digital wallet has no KYC?
Andrea
Wed Oct 09 2024
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6 answers
1061
Could you please elaborate on which digital wallet specifically offers a no-KYC (Know Your Customer) option? As digital wallets are becoming increasingly regulated, finding one that doesn't require KYC verification can be challenging. However, there might be some decentralized or privacy-focused wallets that prioritize anonymity and don't enforce KYC. It's important to note that using such wallets might come with risks, such as limited access to certain services or increased vulnerability to scams. Could you please provide some insights or examples of digital wallets that offer a no-KYC option, and also discuss the potential risks and benefits associated with using them?
6 answers
EchoSeeker
Fri Oct 11 2024
The convenience of UPI Lite lies in its ability to bypass the traditional UPI PIN requirement, making it ideal for quick and effortless transactions.
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CryptoWizard
Fri Oct 11 2024
UPI Lite is an innovative digital payment solution that simplifies the process of online transactions. This wallet allows users to make payments through the Google Pay app without the need for a UPI PIN.
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PhoenixRising
Thu Oct 10 2024
BTCC, a leading cryptocurrency exchange, offers a range of services that cater to the diverse needs of digital asset enthusiasts. These services include spot trading, futures trading, and a secure wallet for storing cryptocurrencies.
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SsamziegangSerenadeMelody
Thu Oct 10 2024
Another notable feature of UPI Lite is that it does not mandate an e-KYC (Electronic Know Your Customer) process, streamlining the setup and usage experience for users.
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GinsengGlory
Thu Oct 10 2024
The transaction limits for UPI Lite are designed to cater to smaller, everyday payments. Users can make transactions of up to ₹500 INR per transaction.
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