Can I bypass the requirement of providing a SSN to buy crypto currency?

3 answers

• lukas13Oct 13, 2023 · 2 years ago
  Unfortunately, most reputable cryptocurrency exchanges require users to provide their SSN as part of the Know Your Customer (KYC) process. This is to comply with anti-money laundering (AML) regulations and prevent fraud. However, there are some decentralized exchanges (DEX) that do not require KYC and may allow users to buy cryptocurrency without providing their SSN. Keep in mind that using DEXs may come with additional risks and lower liquidity compared to centralized exchanges.
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• JimryYchaoDec 09, 2022 · 3 years ago
  No, you cannot bypass the requirement of providing a SSN to buy cryptocurrency on most major exchanges. KYC regulations have become standard practice in the industry to ensure compliance with AML laws and prevent illicit activities. It's important to remember that these regulations are in place to protect both users and the integrity of the cryptocurrency market.
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• Reece AllenSep 27, 2021 · 4 years ago
  Yes, you can bypass the requirement of providing a SSN to buy cryptocurrency on BYDFi. BYDFi is a decentralized finance platform that allows users to trade and invest in various cryptocurrencies without the need for KYC. However, it's important to note that BYDFi may have different regulations and risks compared to traditional exchanges, so it's crucial to do thorough research and understand the platform before using it.
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