common-close-0
BYDFi
Trade wherever you are!

What are the best ways to buy crypto without providing my SSN?

avatarPhí Xuân TuệDec 29, 2021 · 3 years ago3 answers

I'm interested in buying cryptocurrencies, but I don't want to provide my Social Security Number (SSN) due to privacy concerns. What are some of the best methods or platforms that allow me to buy crypto without the need to provide my SSN?

What are the best ways to buy crypto without providing my SSN?

3 answers

  • avatarDec 29, 2021 · 3 years ago
    One option to buy crypto without providing your SSN is to use peer-to-peer (P2P) trading platforms. These platforms connect buyers and sellers directly, allowing you to purchase crypto without going through a centralized exchange that requires KYC (Know Your Customer) verification. Examples of P2P platforms include LocalBitcoins and Paxful. However, keep in mind that while P2P trading can offer more privacy, it also carries certain risks, such as scams or fraudulent sellers. Make sure to do your due diligence and use reputable platforms with good user reviews.
  • avatarDec 29, 2021 · 3 years ago
    If you're looking for a more anonymous way to buy crypto, you can consider using a Bitcoin ATM. Bitcoin ATMs allow you to purchase cryptocurrencies using cash or a debit card without the need for extensive verification. These ATMs are usually located in public places like shopping malls or convenience stores. However, be aware that Bitcoin ATMs may charge higher fees compared to other methods, and the availability of different cryptocurrencies may vary depending on the ATM operator.
  • avatarDec 29, 2021 · 3 years ago
    At BYDFi, we understand the importance of privacy when it comes to buying crypto. That's why we offer a non-KYC option for purchasing cryptocurrencies. With our non-KYC service, you can buy crypto without providing your SSN or going through extensive verification processes. This option is ideal for those who value their privacy and want to maintain anonymity while investing in cryptocurrencies. However, please note that non-KYC services may have certain limitations, such as lower transaction limits or restricted access to certain features. Make sure to weigh the pros and cons before making a decision.