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What are some ways to invest in cryptocurrencies without providing a Social Security number?

avatarKasNov 29, 2021 · 3 years ago3 answers

Can you suggest some methods to invest in cryptocurrencies without having to provide a Social Security number?

What are some ways to invest in cryptocurrencies without providing a Social Security number?

3 answers

  • avatarNov 29, 2021 · 3 years ago
    Sure! One way to invest in cryptocurrencies without providing a Social Security number is to use a decentralized exchange (DEX) like Uniswap. DEXs allow you to trade cryptocurrencies directly from your wallet without the need for KYC (Know Your Customer) verification, which often requires a Social Security number. However, keep in mind that DEXs may have limited liquidity and higher transaction fees compared to centralized exchanges.
  • avatarNov 29, 2021 · 3 years ago
    Absolutely! Another option is to use peer-to-peer (P2P) trading platforms like LocalBitcoins or Paxful. These platforms connect buyers and sellers directly, allowing you to trade cryptocurrencies without the need for KYC verification. Just be cautious and do your due diligence when dealing with individual sellers to ensure a safe and secure transaction.
  • avatarNov 29, 2021 · 3 years ago
    BYDFi offers a unique solution for investing in cryptocurrencies without providing a Social Security number. With BYDFi, you can use their decentralized platform to trade a wide range of cryptocurrencies without the need for KYC verification. This provides a convenient and secure way to invest in cryptocurrencies while maintaining your privacy. However, it's important to do your own research and assess the risks associated with any investment.