Is it necessary to provide social security information on Skrill for buying and selling digital currencies?

5 answers

• Bhavish NadarFeb 19, 2021 · 4 years ago
  Yes, it is necessary to provide your social security information on Skrill for buying and selling digital currencies. Skrill is a regulated platform and is required to comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. Providing your social security information helps verify your identity and ensures the security of the platform and its users.
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• Jorgito da Silva PaivaApr 21, 2025 · 3 months ago
  No, providing social security information on Skrill for buying and selling digital currencies is not necessary. Skrill offers different account types, and while some may require social security information, others may not. It is important to check the specific requirements of the account type you choose.
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• astute-hopliteFeb 20, 2021 · 4 years ago
  As an expert in the field, I can tell you that providing social security information on Skrill for buying and selling digital currencies is not mandatory. However, it is recommended to provide this information as it helps in verifying your identity and adds an extra layer of security to your account.
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• Muthamizhmani TMar 08, 2022 · 3 years ago
  While I cannot speak for Skrill, I can tell you that on BYDFi, another popular digital currency exchange, providing social security information is not required for buying and selling digital currencies. BYDFi prioritizes user privacy and security, and has implemented alternative verification methods to ensure a safe trading environment.
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• LIBRARY SFMCJun 05, 2021 · 4 years ago
  Yes, Skrill requires users to provide their social security information for buying and selling digital currencies. This is to comply with regulatory requirements and prevent fraudulent activities. Your information is securely stored and protected on Skrill's platform.
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