How can I buy digital currency without sharing my SSN?

3 answers

• Dec 16, 2021 · 3 years ago
  Sure, there are several ways to buy digital currency without sharing your SSN. One option is to use a peer-to-peer exchange platform that allows you to trade directly with other individuals. These platforms often have less stringent KYC (Know Your Customer) requirements and may not require your SSN. However, be cautious and do your due diligence when using these platforms to ensure the safety of your transactions. Another option is to use a decentralized exchange (DEX) that operates on a blockchain network. DEXs typically don't require KYC information, including your SSN, as they prioritize user privacy. However, keep in mind that DEXs may have lower liquidity compared to centralized exchanges. Lastly, you can explore cryptocurrency ATMs that allow you to purchase digital currency with cash. These ATMs usually have lower KYC requirements and may not ask for your SSN. Remember to check the fees and availability of cryptocurrencies before using this method.
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• Dec 16, 2021 · 3 years ago
  Buying digital currency without sharing your SSN is possible. One way is to use a prepaid card or gift card to purchase digital currency. Many exchanges accept prepaid cards as a payment method, and they usually don't require your SSN. Just make sure to check the accepted payment methods on the exchange you choose. Another option is to use a decentralized finance (DeFi) platform that allows you to lend or borrow digital assets. These platforms often don't require KYC information, including your SSN, as they operate on smart contracts. However, be aware of the risks associated with DeFi platforms, such as smart contract vulnerabilities and potential loss of funds. Additionally, you can consider using a privacy-focused cryptocurrency like Monero, which prioritizes anonymity and doesn't require your SSN for transactions. Keep in mind that not all exchanges support Monero, so check the availability before proceeding.
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• Dec 16, 2021 · 3 years ago
  At BYDFi, we understand the importance of privacy when it comes to buying digital currency. While many exchanges require your SSN for KYC purposes, there are alternative methods to purchase digital currency without sharing your SSN. One option is to use a peer-to-peer marketplace that connects buyers and sellers directly. These platforms often have less strict KYC requirements and may not ask for your SSN. However, be cautious and verify the reputation of the sellers before making a transaction. Another option is to use a privacy-focused cryptocurrency like Zcash. Zcash utilizes advanced cryptographic techniques to protect the privacy of transactions, making it an ideal choice for those concerned about sharing their SSN. Remember to conduct thorough research and choose a reputable exchange that supports Zcash before making a purchase.
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