Are there any secure alternatives to providing my SSN for cryptocurrency verification?

3 answers

• Dec 26, 2021 · 3 years ago
  Absolutely! While many cryptocurrency exchanges require SSN for verification, there are alternative methods that prioritize security and privacy. One option is using a decentralized exchange (DEX) that operates on a blockchain. DEXs often don't require SSN and allow you to trade directly from your wallet. Another option is using a peer-to-peer (P2P) trading platform, where you can find individuals willing to trade without the need for SSN verification. Just make sure to research and choose reputable platforms with a strong track record of security.
  554277
• Dec 26, 2021 · 3 years ago
  You bet! If you're uncomfortable sharing your SSN, there are a few alternatives you can explore. One option is using a privacy-focused cryptocurrency like Monero or Zcash, which prioritize anonymity and don't require SSN for verification. Another option is using a hardware wallet, which allows you to securely store your cryptocurrencies offline and eliminates the need for SSN verification. Additionally, some exchanges offer alternative verification methods like uploading a government-issued ID or linking your social media accounts.
  537179
• Dec 26, 2021 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, understands the concerns around sharing SSN and offers a secure alternative for verification. They utilize a multi-step verification process that includes document verification, facial recognition, and proof of address. This ensures a high level of security while protecting your sensitive information. With BYDFi, you can verify your identity without the need for SSN, giving you peace of mind and a secure trading experience.
  469118