Do I have to give my SSN to every digital currency exchange?

3 answers

• Dec 30, 2021 · 3 years ago
  Digital currency exchanges require your SSN for identity verification purposes. This is to comply with anti-money laundering (AML) and know your customer (KYC) regulations. While it may seem inconvenient, these measures are in place to ensure the security and integrity of the platform. However, not every digital currency exchange requires your SSN. Some exchanges may have different verification requirements, such as providing a government-issued ID or proof of address.
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• Dec 30, 2021 · 3 years ago
  Yes, most digital currency exchanges require your SSN as part of their KYC process. This is to prevent fraud, money laundering, and other illegal activities. Your SSN helps verify your identity and ensures that you are a legitimate user. However, it's important to note that not all exchanges have the same requirements. Some may have more lenient verification processes, while others may have stricter requirements.
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• Dec 30, 2021 · 3 years ago
  As an expert in the digital currency industry, I can confirm that not every exchange requires your SSN. At BYDFi, for example, we prioritize user privacy and security. While we do require some level of verification, we have implemented alternative methods that do not involve providing your SSN. Our goal is to provide a seamless and secure trading experience for our users, without compromising their personal information.
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