Cryptocurrency Q&A
Does PancakeSwap need KYC?
Does PancakeSwap need KYC?
benjamin_stokes_astronomer
Wed Sep 18 2024
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7
answers
1544
Hello there, I've been hearing a lot about PancakeSwap recently and I'm quite interested in using it for my cryptocurrency transactions. However, I'm a bit concerned about security and compliance issues. Could you clarify if PancakeSwap requires KYC (Know Your Customer) verification from its users? I'd like to ensure that my transactions are as secure and legitimate as possible. Thank you in advance for your help!
7 answers
Michele
Fri Sep 20 2024
PancakeSwap operates on a decentralized platform, ensuring that all transactions and fund movements are conducted directly on the blockchain.
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Giulia
Fri Sep 20 2024
This on-chain execution is facilitated through the utilization of smart contracts, which are self-executing agreements that automatically enforce the terms of a trade.
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BitcoinBaronGuard
Thu Sep 19 2024
By leveraging smart contracts, PancakeSwap eliminates the need for intermediaries or trusted third parties, thus promoting transparency and security.
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Skywalker
Thu Sep 19 2024
Instead, users can interact with the platform anonymously, enhancing privacy and making it accessible to a wider range of individuals.
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Andrea
Thu Sep 19 2024
Additionally, the software powering PancakeSwap is open source, meaning its code is publicly available for anyone to review and audit.
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