What is the reason behind Poloniex's request for my SSN when using their platform for digital asset exchange?

3 answers

• Nitish ShekhawatJun 29, 2025 · 23 days ago
  Poloniex requires your SSN for identity verification purposes. It is a standard practice in the cryptocurrency industry to comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. By collecting your SSN, Poloniex can ensure that you are a legitimate user and prevent fraudulent activities on their platform.
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• BtmdexJul 22, 2024 · a year ago
  The reason behind Poloniex's request for your SSN is to comply with regulatory requirements. Cryptocurrency exchanges are subject to strict regulations to prevent money laundering, terrorist financing, and other illegal activities. By verifying your identity through your SSN, Poloniex can ensure that they are operating within the legal framework and providing a safe trading environment for their users.
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• SAMYAK KHADSEFeb 29, 2024 · a year ago
  As a user of Poloniex, you might wonder why they need your SSN. Well, it's all about security and compliance. Poloniex is committed to maintaining a secure and trustworthy platform for digital asset exchange. By collecting your SSN, they can verify your identity and ensure that you are not involved in any illicit activities. So, don't worry, it's for your own safety!
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