Is there a way to buy crypto without SSN and still comply with regulations?

3 answers

• Dec 17, 2021 · 3 years ago
  Yes, there are certain platforms that allow you to buy crypto without providing your SSN. One option is to use peer-to-peer exchanges where you can directly buy from other individuals. However, be cautious and do thorough research to ensure the legitimacy and security of the platform and the seller. It's important to comply with regulations and be aware of any potential risks involved.
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• Dec 17, 2021 · 3 years ago
  Unfortunately, most reputable cryptocurrency exchanges require users to provide their SSN as part of the Know Your Customer (KYC) process. This is done to comply with anti-money laundering (AML) and counter-terrorism financing (CTF) regulations. However, you can explore decentralized exchanges (DEXs) that operate on blockchain technology and may not require KYC. Keep in mind that the liquidity and available cryptocurrencies on DEXs may be limited compared to centralized exchanges.
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• Dec 17, 2021 · 3 years ago
  At BYDFi, we understand the concerns about privacy and compliance. While we prioritize user privacy, we also comply with regulations to ensure a safe and secure trading environment. Our platform offers a streamlined KYC process that minimizes the amount of personal information required, while still meeting regulatory requirements. We strive to provide a user-friendly experience while maintaining the highest standards of security and compliance.
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