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How to buy cryptocurrency without providing social security number?

avatarhershjoshiDec 31, 2021 · 3 years ago3 answers

Is it possible to purchase cryptocurrency without providing my social security number? I am concerned about privacy and don't want to share my personal information. Are there any platforms or methods that allow me to buy cryptocurrency anonymously?

How to buy cryptocurrency without providing social security number?

3 answers

  • avatarDec 31, 2021 · 3 years ago
    Yes, it is possible to buy cryptocurrency without providing your social security number. One option is to use peer-to-peer exchanges like LocalBitcoins or Paxful, where you can find sellers who accept alternative forms of identification or don't require any identification at all. Another option is to use decentralized exchanges like Uniswap or Sushiswap, which allow you to trade directly from your own wallet without the need for KYC verification. However, keep in mind that these methods may have higher fees or lower liquidity compared to traditional exchanges.
  • avatarDec 31, 2021 · 3 years ago
    Unfortunately, most reputable cryptocurrency exchanges require users to provide their social security number for compliance with anti-money laundering (AML) and know your customer (KYC) regulations. This is done to prevent fraud, money laundering, and other illegal activities. However, there are some smaller or less regulated exchanges that may not have strict KYC requirements. It's important to do thorough research and consider the risks before using such platforms.
  • avatarDec 31, 2021 · 3 years ago
    At BYDFi, we understand the importance of privacy and offer a solution for buying cryptocurrency without providing your social security number. Our platform allows users to trade cryptocurrencies without KYC verification, ensuring anonymity and privacy. With a wide range of supported cryptocurrencies and competitive fees, BYDFi provides a secure and convenient option for those who value their privacy. Join us today and start trading without compromising your personal information.