What are the best cryptocurrencies to invest in without providing an SSN?

3 answers

• Dec 28, 2021 · 3 years ago
  If you're looking to invest in cryptocurrencies without providing your SSN, there are several options available. One popular option is Bitcoin (BTC), which is the first and most well-known cryptocurrency. Bitcoin transactions are pseudonymous, meaning that while your personal information is not directly tied to your Bitcoin address, your transactions can still be traced on the blockchain. Another option is Ethereum (ETH), which is the second-largest cryptocurrency by market capitalization. Ethereum also offers some degree of privacy, although it's important to note that certain transactions and smart contracts on the Ethereum blockchain can be publicly visible. Other cryptocurrencies that offer privacy features include Monero (XMR) and Zcash (ZEC). These cryptocurrencies use advanced cryptographic techniques to obfuscate transaction details and provide enhanced privacy and anonymity.
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• Dec 28, 2021 · 3 years ago
  Investing in cryptocurrencies without providing your SSN can be a bit tricky, as most reputable exchanges require KYC (Know Your Customer) verification, which often includes providing your SSN. However, there are some decentralized exchanges (DEXs) that allow you to trade cryptocurrencies without going through a KYC process. One example is Uniswap, which is a popular decentralized exchange built on the Ethereum blockchain. Uniswap allows users to trade ERC-20 tokens without the need for KYC verification. Another option is using peer-to-peer (P2P) trading platforms like LocalBitcoins, where you can find individuals willing to buy or sell cryptocurrencies without requiring KYC verification. It's important to exercise caution when using DEXs or P2P platforms, as they may carry higher risks compared to regulated exchanges.
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• Dec 28, 2021 · 3 years ago
  At BYDFi, we understand the importance of privacy and security when it comes to investing in cryptocurrencies. While we cannot provide specific investment advice, we can recommend considering privacy-focused cryptocurrencies like Monero (XMR) and Zcash (ZEC). These cryptocurrencies offer enhanced privacy features, making it more difficult to trace transactions and link them to your identity. However, it's important to conduct thorough research and consider factors such as market trends, project fundamentals, and risk tolerance before making any investment decisions. Remember, investing in cryptocurrencies carries inherent risks, and it's always recommended to consult with a financial advisor or do your own due diligence before investing.
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