Is it possible to purchase crypto without SSN?

3 answers

• Dec 30, 2021 · 3 years ago
  Yes, it is possible to purchase cryptocurrency without providing your Social Security Number (SSN). Some decentralized exchanges (DEXs) and peer-to-peer (P2P) platforms allow users to buy and sell cryptocurrencies without KYC (Know Your Customer) requirements. However, it's important to note that these platforms may have lower liquidity and may not offer the same level of security and protection as centralized exchanges. Additionally, some countries have stricter regulations regarding KYC and may require SSN or other identification for cryptocurrency purchases.
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• Dec 30, 2021 · 3 years ago
  No, most centralized cryptocurrency exchanges require users to complete a KYC process, which includes providing personal information such as SSN. This is done to comply with anti-money laundering (AML) and counter-terrorism financing (CTF) regulations. However, there are alternative options available, such as decentralized exchanges and P2P platforms, where you can buy cryptocurrencies without providing your SSN.
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• Dec 30, 2021 · 3 years ago
  At BYDFi, we prioritize the security and compliance of our platform. As a regulated exchange, we require users to complete a KYC process, which includes providing their SSN. This helps us ensure the safety of our users and prevent fraudulent activities. However, there are other platforms available that may allow you to purchase cryptocurrencies without providing your SSN. It's important to do thorough research and choose a platform that aligns with your preferences and requirements.
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