With curiosity to find out whether it requires KYC in making a purchase, it turns out that transfi does not require KYC. But make no mistake, I did not continue the purchase until successful by using mobile wallet as a payment method.
It could be that for the next process it is required to complete the KYC.
Perhaps it will let you start the exchange, but then to actually finalize it, you will have to submit your documents. Maybe it's one of those typical "we don't require KYC unless it's necessary",
and it always turn out to be necessary. My concern for services related to Fiat currency at the end will require us to complete the KYC process even though I do not continue when doing a test through transfi.
I also listen to the opinions of some of my seniors locally about the possibility of this process.
In the sentence you quoted in my opinion it's reality. And what I underlined was that it was the right answer about KYC.
Here is just a small part of their Privacy Policy dealing with the AML and KYC procedures that confirms identity verification is necessary:
The Company will verify the identity of its customers and users under its “Know Your customer” processes. For individual users, this will include name and date of birth that is verifiable electronically through an accepted and valid Government issued document accurately containing the users name and date of birth. Acceptable forms of identification for an individual user varies by country of operation and includes one or more of the following:
National ID;
Passport;
Residence permit for a foreign national;
Any other acceptable ID allowed by regulation; and as additional verification form
Valid Address document like a Utility bill/bank statement (could be any of the above if they have the complete address and not merely a PO Box).
https://www.transfi.com/policies#aml-kyc-policyI think that from a small part of the privacy policy related to AML and KYC it further strengthens that the buy Bitcoin process in Aqua Wallet using Transfi requires KYC.
Moreover, they out there are very sensitive to transactions without KYC. So that's it.
