Are there any alternatives to providing SSN on Robinhood for buying and selling cryptocurrencies?

6 answers

• Nov 26, 2021 · 3 years ago
  Yes, there are alternative platforms that allow users to buy and sell cryptocurrencies without requiring their SSN. One popular option is Binance, a global cryptocurrency exchange that does not require SSN verification for trading. Users can create an account and start trading cryptocurrencies without providing their SSN. However, it's important to note that Binance may have its own verification requirements for certain activities, such as withdrawing large amounts of funds.
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• Nov 26, 2021 · 3 years ago
  Absolutely! If you're concerned about providing your SSN on Robinhood or any other platform, you can consider using decentralized exchanges (DEX). DEXs operate on blockchain technology and allow users to trade cryptocurrencies directly from their wallets without the need for centralized platforms. Some popular DEXs include Uniswap, SushiSwap, and PancakeSwap. Keep in mind that using DEXs may require some technical knowledge and can have higher transaction fees compared to centralized exchanges.
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• Nov 26, 2021 · 3 years ago
  Sure, there are alternatives to Robinhood that don't require SSN verification. One such platform is BYDFi, a decentralized finance (DeFi) exchange that prioritizes user privacy and security. BYDFi allows users to trade cryptocurrencies without providing their SSN or any other personal information. It utilizes advanced encryption and smart contract technology to ensure secure and anonymous transactions. However, it's important to do your own research and consider the risks associated with any platform before making any financial decisions.
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• Nov 26, 2021 · 3 years ago
  Definitely! If you're uncomfortable with sharing your SSN on Robinhood, you can explore other options like Coinbase. Coinbase is a popular cryptocurrency exchange that allows users to buy and sell cryptocurrencies with a simple registration process that does not require SSN verification. However, Coinbase may have its own verification requirements for certain activities, such as increasing account limits or accessing certain features.
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• Nov 26, 2021 · 3 years ago
  Of course! If you're looking for alternatives to providing your SSN on Robinhood, you can try using peer-to-peer (P2P) trading platforms like LocalBitcoins or Paxful. These platforms connect buyers and sellers directly, allowing users to trade cryptocurrencies without the need for SSN verification. However, it's important to exercise caution and conduct thorough research when using P2P platforms to ensure the safety of your transactions.
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• Nov 26, 2021 · 3 years ago
  Yes, there are several alternatives to providing your SSN on Robinhood. One option is to use a hardware wallet like Ledger or Trezor. Hardware wallets are physical devices that store your cryptocurrencies offline, providing an extra layer of security. By using a hardware wallet, you can manage and trade your cryptocurrencies without the need for SSN verification. However, it's important to keep your hardware wallet safe and secure to prevent any potential loss of funds.
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