Why is it necessary for Webull to request a picture of my SSN for cryptocurrency transactions?

7 answers

• Dec 16, 2021 · 3 years ago
  Webull requires users to provide a picture of their Social Security Number (SSN) for cryptocurrency transactions as part of their Know Your Customer (KYC) process. This is a regulatory requirement to prevent money laundering, fraud, and other illegal activities. By verifying the identity of users, Webull aims to ensure a secure and compliant trading environment for cryptocurrency transactions.
  396198
• Dec 16, 2021 · 3 years ago
  Hey there! So, Webull asks for a picture of your SSN when you want to do cryptocurrency transactions. It's all about keeping things legit and preventing any shady business. You see, there are regulations in place to prevent money laundering and other illegal stuff. By verifying your identity, Webull is just doing its part to create a safe and secure environment for cryptocurrency trading.
  391131
• Dec 16, 2021 · 3 years ago
  Webull, like many other cryptocurrency exchanges, requires users to provide a picture of their SSN for cryptocurrency transactions. This is to comply with regulations and ensure a transparent and secure trading environment. It's all about preventing fraud and money laundering, so you can trade cryptocurrencies with peace of mind.
  33183
• Dec 16, 2021 · 3 years ago
  As a leading cryptocurrency exchange, Webull takes security seriously. Requesting a picture of your SSN for cryptocurrency transactions is part of their commitment to preventing fraud and ensuring a safe trading environment. By verifying your identity, they can better protect your account and prevent unauthorized access.
  32265
• Dec 16, 2021 · 3 years ago
  Webull, being a reputable cryptocurrency exchange, follows industry best practices to ensure a secure trading environment. Requesting a picture of your SSN for cryptocurrency transactions is a standard procedure to comply with regulatory requirements and prevent fraudulent activities. Your personal information is securely stored and protected.
  34558
• Dec 16, 2021 · 3 years ago
  Webull, just like other cryptocurrency exchanges, requires users to provide a picture of their SSN for cryptocurrency transactions. This is to comply with anti-money laundering (AML) and know your customer (KYC) regulations. By verifying your identity, Webull can ensure a safer trading environment and protect against fraudulent activities.
  34149
• Dec 16, 2021 · 3 years ago
  At BYDFi, we understand the importance of security in cryptocurrency transactions. While we don't require a picture of your SSN, Webull, as a separate exchange, has its own policies and procedures. They request a picture of your SSN to comply with regulatory requirements and ensure a secure trading environment. Rest assured, your personal information is handled with utmost care and security.
  39450