How can I trade cryptocurrencies without providing my SSN?

3 answers

• May 07, 2022 · 3 years ago
  Yes, it is possible to trade cryptocurrencies without providing your SSN. One option is to use decentralized exchanges (DEXs) that don't require KYC (Know Your Customer) verification. These platforms allow you to trade directly with other users without the need for personal information. However, keep in mind that liquidity may be lower on DEXs compared to centralized exchanges.
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• May 07, 2022 · 3 years ago
  Unfortunately, most reputable centralized cryptocurrency exchanges require users to complete KYC verification, which includes providing your SSN. This is done to comply with anti-money laundering (AML) and know-your-customer (KYC) regulations. If you're concerned about privacy, you can consider using privacy-focused cryptocurrencies like Monero, which offer enhanced anonymity features.
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• May 07, 2022 · 3 years ago
  At BYDFi, we understand the importance of privacy and security. While we do require KYC verification, we have implemented strict measures to protect your personal information. We use advanced encryption and security protocols to ensure the safety of your data. Additionally, we offer a wide range of cryptocurrencies for trading, providing you with ample options to diversify your portfolio.
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