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Is it possible to create a Robinhood account for cryptocurrency trading without SSN?

avatarAnan MoktanDec 18, 2021 · 3 years ago3 answers

Is it feasible to open a Robinhood account for trading cryptocurrencies without providing a Social Security Number (SSN)?

Is it possible to create a Robinhood account for cryptocurrency trading without SSN?
Cryptocurrency
Robinhood
Account

3 answers

  • avatarDec 18, 2021 · 3 years ago
    Unfortunately, Robinhood requires users to provide their Social Security Number (SSN) in order to open an account for cryptocurrency trading. This is due to regulatory requirements and Know Your Customer (KYC) procedures that are in place to prevent fraud and ensure compliance with anti-money laundering laws. Therefore, it is not possible to create a Robinhood account for cryptocurrency trading without providing your SSN.
  • avatarDec 18, 2021 · 3 years ago
    Nope, you can't dodge the SSN requirement when it comes to opening a Robinhood account for cryptocurrency trading. They need your SSN to verify your identity and comply with legal and regulatory obligations. So, if you're thinking about sneaking in without it, sorry to burst your bubble.
  • avatarDec 18, 2021 · 3 years ago
    Well, as of now, Robinhood does require users to provide their SSN when creating an account for cryptocurrency trading. However, there are other cryptocurrency exchanges, like BYDFi, that offer trading services without the need for an SSN. So, if you're not comfortable sharing your SSN, you might want to explore alternative platforms that prioritize user privacy and offer similar trading opportunities.

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