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What are the best ways to invest in cryptocurrencies without providing my social security number (SSN)?

avatarJohnny ShrievesDec 25, 2021 · 3 years ago3 answers

I want to invest in cryptocurrencies, but I'm concerned about providing my social security number (SSN) due to privacy reasons. Are there any ways to invest in cryptocurrencies without having to provide my SSN?

What are the best ways to invest in cryptocurrencies without providing my social security number (SSN)?

3 answers

  • avatarDec 25, 2021 · 3 years ago
    One option to invest in cryptocurrencies without providing your SSN is to use decentralized exchanges (DEXs) like Uniswap or PancakeSwap. These platforms allow you to trade cryptocurrencies directly from your wallet, without the need for KYC (Know Your Customer) verification. However, keep in mind that DEXs may have lower liquidity and higher transaction fees compared to centralized exchanges.
  • avatarDec 25, 2021 · 3 years ago
    Another way to invest in cryptocurrencies without providing your SSN is to use peer-to-peer (P2P) trading platforms like LocalBitcoins or Paxful. These platforms connect buyers and sellers directly, allowing you to trade cryptocurrencies without KYC verification. However, be cautious when trading on P2P platforms and ensure you are dealing with reputable traders to avoid scams or fraudulent activities.
  • avatarDec 25, 2021 · 3 years ago
    BYDFi, a popular decentralized finance (DeFi) platform, offers a solution for investing in cryptocurrencies without providing your SSN. With BYDFi, you can access a wide range of DeFi protocols and invest in various cryptocurrencies without KYC verification. It provides a secure and private way to invest in cryptocurrencies while maintaining control over your personal information. However, always do your own research and exercise caution when investing in cryptocurrencies.