Do I need KYC to buy crypto?

Do I Need KYC to Buy Crypto?

Yes. Reputable crypto exchanges and apps in India require you to complete KYC (Know Your Customer) before you can buy or sell crypto. This is to comply with anti-money laundering and other regulations. You typically upload a government ID (Aadhaar, PAN, or passport) and a selfie. Once verified, you can deposit INR and trade. KYC also helps protect your account and may unlock higher limits.

If You Skip KYC

Platforms that allow trading without KYC may be operating in a legal gray area or may not be available in India. Avoid sharing your documents with unknown or unverified sites. Stick to regulated platforms that clearly ask for KYC and explain why.