How does Poloniex use my social security number?

3 answers

• Alireza HashemabadiJul 14, 2021 · 4 years ago
  When you sign up for an account on Poloniex, they require your social security number for identity verification purposes. This is to ensure that you are a real person and to comply with regulatory requirements. Poloniex takes the security of your personal information seriously and has measures in place to protect it. Your social security number is encrypted and stored securely, and only authorized personnel have access to it. Rest assured that Poloniex follows industry best practices to safeguard your sensitive information.
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• james kooJun 30, 2022 · 3 years ago
  Poloniex uses your social security number to verify your identity and prevent fraud. By collecting this information, they can ensure that each user is unique and that no one is creating multiple accounts to manipulate the system. Your social security number is kept confidential and is not shared with third parties without your consent. Poloniex has a strong commitment to protecting your privacy and employs advanced security measures to safeguard your personal information.
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• Burris GoodmanJun 23, 2023 · 2 years ago
  As a third-party observer, I can tell you that Poloniex, like many other cryptocurrency exchanges, requires your social security number for KYC (Know Your Customer) purposes. This is a standard procedure in the industry to prevent money laundering and other illicit activities. Your social security number is stored securely and is only accessed by authorized personnel. Poloniex takes the privacy and security of your personal information seriously and has implemented robust measures to protect it.
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