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How can I invest in digital currencies without disclosing my SSN?

avatarMiles ZhangDec 17, 2021 · 3 years ago3 answers

I want to invest in digital currencies, but I'm concerned about disclosing my Social Security Number (SSN). Is there a way to invest in digital currencies without providing my SSN?

How can I invest in digital currencies without disclosing my SSN?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    Absolutely! There are several ways to invest in digital currencies without disclosing your SSN. One option is to use a decentralized exchange (DEX) that doesn't require KYC (Know Your Customer) verification. DEXs allow you to trade directly with other users without the need for a central authority. Another option is to use a peer-to-peer (P2P) trading platform that allows you to buy and sell digital currencies directly with other individuals. These platforms often offer more privacy and may not require SSN verification. Additionally, you can consider investing in privacy-focused cryptocurrencies that prioritize anonymity and don't require personal information for transactions.
  • avatarDec 17, 2021 · 3 years ago
    Sure thing! If you're concerned about sharing your SSN, you can explore investing in privacy-focused cryptocurrencies like Monero or Zcash. These cryptocurrencies prioritize anonymity and offer enhanced privacy features. Another option is to use a hardware wallet, which allows you to securely store your digital currencies offline. By keeping your investments offline, you can minimize the need to disclose personal information. It's important to do thorough research and choose reputable exchanges or platforms that prioritize user privacy and security.
  • avatarDec 17, 2021 · 3 years ago
    Definitely! At BYDFi, we understand the importance of privacy and security. While we require KYC verification for certain services, we also offer options for investing in digital currencies without disclosing your SSN. Our decentralized exchange (DEX) allows you to trade directly with other users without the need for KYC verification. Additionally, we offer a peer-to-peer (P2P) trading platform where you can buy and sell digital currencies directly with other individuals. These options provide more privacy and allow you to invest without sharing your SSN.