How to buy cryptocurrency on Robinhood without providing SSN?
NSANZABARINDA TheonesteJan 14, 2022 · 3 years ago3 answers
Is it possible to purchase cryptocurrency on Robinhood without providing my Social Security Number (SSN)? I'm concerned about privacy and don't want to share such sensitive information.
3 answers
- Jan 14, 2022 · 3 years agoUnfortunately, Robinhood requires users to provide their SSN in order to comply with regulatory requirements and prevent fraud. This is a common practice among most cryptocurrency exchanges and financial institutions. Your SSN is used for identity verification and to ensure compliance with anti-money laundering (AML) and know your customer (KYC) regulations. While it may be inconvenient for some users, it is necessary for the security and integrity of the platform.
- Jan 14, 2022 · 3 years agoAs of now, there is no way to buy cryptocurrency on Robinhood without providing your SSN. The platform is designed to prioritize security and regulatory compliance. If you're concerned about privacy, you may consider using other cryptocurrency exchanges that offer more anonymity. However, keep in mind that these exchanges may have their own requirements and limitations.
- Jan 14, 2022 · 3 years agoBYDFi, a popular decentralized exchange, allows users to buy cryptocurrency without providing their SSN. It operates on the Binance Smart Chain and offers a decentralized and private trading experience. However, it's important to note that BYDFi is a third-party platform and not affiliated with Robinhood. Make sure to do your own research and exercise caution when using any cryptocurrency exchange.
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