Sure, but so is your local bank. If your alternative is cash, Kraken is trusted just like your local bank is trusted. KYC honestly doesn’t matter for most people, because the exchange cannot know what you’re using the funds for, so the government/your bank will only know how much you’ve converted to crypto.
But yeah, if KYC is a deal-breaker, there are a lot of other options. But be careful, because this can open you up to scams, so only do this if you know what you’re doing. That’s why I recommend Kraken, it’s easy for people to get into and it’s safe.
Sure, but so is your local bank. If your alternative is cash, Kraken is trusted just like your local bank is trusted. KYC honestly doesn’t matter for most people, because the exchange cannot know what you’re using the funds for, so the government/your bank will only know how much you’ve converted to crypto.
But yeah, if KYC is a deal-breaker, there are a lot of other options. But be careful, because this can open you up to scams, so only do this if you know what you’re doing. That’s why I recommend Kraken, it’s easy for people to get into and it’s safe.
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Yeah, just be careful. I personally would prefer to buy in-person with cash in that case.
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