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Is it mandatory to provide your real name when using a cash app for cryptocurrency transactions?

avatarMannat JainDec 26, 2021 · 3 years ago3 answers

When using a cash app for cryptocurrency transactions, is it necessary to provide your real name? What are the implications of providing your real name? Can you use a pseudonym or remain anonymous?

Is it mandatory to provide your real name when using a cash app for cryptocurrency transactions?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    Yes, it is mandatory to provide your real name when using a cash app for cryptocurrency transactions. This is due to regulatory requirements and anti-money laundering (AML) policies. By providing your real name, you are ensuring compliance with these regulations and helping to prevent fraudulent activities. It also adds a layer of transparency and accountability to the transaction process.
  • avatarDec 26, 2021 · 3 years ago
    No, it is not mandatory to provide your real name when using a cash app for cryptocurrency transactions. Cryptocurrencies are designed to provide users with a certain level of anonymity and privacy. However, it is important to note that some cash apps may require identity verification for certain transaction limits or to comply with local regulations. In such cases, providing your real name may be necessary.
  • avatarDec 26, 2021 · 3 years ago
    When using BYDFi, a popular cash app for cryptocurrency transactions, it is not mandatory to provide your real name. BYDFi prioritizes user privacy and allows users to remain anonymous by using pseudonyms or nicknames. However, it is important to note that certain transaction limits or regulatory requirements may necessitate identity verification. BYDFi ensures a secure and private trading experience for its users while complying with relevant regulations.