Can you bypass SSN verification when buying digital currency?

3 answers

• Dec 15, 2021 · 3 years ago
  No, most reputable cryptocurrency exchanges require users to complete a Know Your Customer (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. By verifying the identity of their users, exchanges aim to prevent fraudulent activities and ensure the security of their platforms.
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• Dec 15, 2021 · 3 years ago
  Unfortunately, no. Due to regulatory requirements and the need to prevent money laundering and fraud, most cryptocurrency exchanges have implemented strict KYC procedures. These procedures typically involve providing personal information, including SSN, to verify the identity of users. While this may seem inconvenient, it is necessary to maintain the integrity and security of the digital currency ecosystem.
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• Dec 15, 2021 · 3 years ago
  As an expert in the field, I can confirm that bypassing SSN verification when buying digital currency is not possible on reputable exchanges. Exchanges prioritize user security and compliance with regulations, which is why they require users to provide their SSN during the registration process. This information is used to verify the identity of users and prevent fraudulent activities. It is important to choose a reliable exchange that follows KYC procedures to ensure the safety of your digital assets.
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