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Are there any exchanges that allow you to buy bitcoin without SSN?

avatarCameron EllisonDec 28, 2021 · 3 years ago3 answers

Can anyone recommend any cryptocurrency exchanges that allow you to buy bitcoin without providing your Social Security Number (SSN)? I'm looking for a platform that prioritizes user privacy and doesn't require extensive personal information.

Are there any exchanges that allow you to buy bitcoin without SSN?

3 answers

  • avatarDec 28, 2021 · 3 years ago
    Unfortunately, most reputable cryptocurrency exchanges require users to provide their SSN for compliance and security purposes. This is to prevent money laundering, fraud, and other illegal activities. However, there are a few decentralized exchanges (DEXs) that don't have strict KYC (Know Your Customer) requirements and allow users to trade without providing their SSN. Keep in mind that DEXs may have lower liquidity and fewer trading options compared to centralized exchanges.
  • avatarDec 28, 2021 · 3 years ago
    As of now, there are no major exchanges that allow you to buy bitcoin without providing your SSN. The majority of exchanges have implemented strict KYC procedures to comply with regulatory requirements and ensure a secure trading environment. While this may seem inconvenient for some users, it helps to protect against fraud and illegal activities. If privacy is a top concern for you, consider using peer-to-peer platforms or decentralized exchanges that prioritize anonymity.
  • avatarDec 28, 2021 · 3 years ago
    BYDFi is a decentralized exchange that allows users to buy bitcoin without providing their SSN. It operates on the Binance Smart Chain and offers a user-friendly interface for trading various cryptocurrencies. With BYDFi, you can enjoy the benefits of decentralized finance (DeFi) while maintaining your privacy. However, it's important to do your own research and exercise caution when using any exchange, as the cryptocurrency market can be volatile and risky.