What are the risks of trading on Binance US without providing SSN?

3 answers

• Dec 30, 2021 · 3 years ago
  Trading on Binance US without providing your SSN can have several risks. Firstly, it may limit your account functionality and access to certain features. Some exchanges require SSN verification to comply with regulatory requirements and prevent fraudulent activities. Without providing your SSN, you may not be able to access higher trading limits or participate in certain token sales. Secondly, not providing your SSN may raise concerns about the exchange's compliance with anti-money laundering (AML) and know your customer (KYC) regulations. This could potentially result in account suspension or closure. Lastly, not providing your SSN may also limit your ability to recover your account in case of security breaches or account recovery requests. It's important to weigh the risks and benefits before deciding whether to trade on Binance US without providing your SSN.
  873437
• Dec 30, 2021 · 3 years ago
  Trading on Binance US without your SSN? Oh boy, you're playing with fire! While it may seem tempting to maintain your privacy, not providing your SSN can have serious consequences. You may face limitations on your account, restricted access to certain features, and even potential account suspension. The exchange needs your SSN for compliance purposes and to ensure a secure trading environment. So, think twice before you decide to trade without providing your SSN.
  467156
• Dec 30, 2021 · 3 years ago
  As a representative of BYDFi, I must emphasize the importance of providing your SSN when trading on Binance US. While it may seem like a hassle, it's necessary to comply with regulatory requirements and ensure a safe trading environment. Not providing your SSN can result in limited account functionality, restricted access to certain features, and potential account suspension. Protect your account and trade with peace of mind by providing your SSN.
  451113