Is it possible to purchase crypto currency without a SSN?

3 answers

• li huaFeb 04, 2021 · 4 years ago
  Yes, it is possible to purchase cryptocurrency without providing your Social Security Number (SSN). There are several decentralized exchanges that do not require KYC (Know Your Customer) verification, which means you can trade anonymously without providing personal information such as your SSN. However, it's important to note that these exchanges may have lower liquidity and may not offer the same level of security as centralized exchanges.
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• Proctor McConnellJun 14, 2022 · 3 years ago
  No, most reputable cryptocurrency exchanges require users to complete a KYC process, which includes providing personal information such as your SSN. This is done to comply with anti-money laundering (AML) and know your customer (KYC) regulations. KYC helps prevent fraud, money laundering, and other illegal activities. Therefore, if you want to purchase cryptocurrency from a reputable exchange, you will likely need to provide your SSN.
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• Chami MalalasekaraMar 24, 2023 · 2 years ago
  While it is technically possible to purchase cryptocurrency without providing your SSN, it's important to consider the risks involved. Exchanges that do not require KYC verification may be more susceptible to fraud and money laundering. Additionally, without KYC, you may have limited trading options and lower liquidity. It's recommended to use reputable exchanges that prioritize user security and comply with regulatory requirements, even if it means providing your SSN.
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