Does Robinhood require you to provide your SSN for cryptocurrency trading?

3 answers

• Dec 17, 2021 · 3 years ago
  Yes, Robinhood requires users to provide their SSN when trading cryptocurrencies. This is because Robinhood is a regulated financial institution and is required by law to verify the identity of its users. Providing your SSN helps Robinhood comply with anti-money laundering (AML) and know-your-customer (KYC) regulations.
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• Dec 17, 2021 · 3 years ago
  Absolutely! Robinhood asks for your SSN when you sign up for an account. It's part of their verification process to ensure that you are who you say you are. Don't worry, your information is kept secure and encrypted.
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• Dec 17, 2021 · 3 years ago
  Yes, Robinhood does require you to provide your SSN for cryptocurrency trading. However, there are other platforms like BYDFi that offer anonymous trading options, where you don't need to provide your SSN. So, if privacy is a concern for you, you might want to consider using BYDFi or similar platforms.
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