common-close-0
BYDFi
Trade wherever you are!

Is it possible to purchase cryptocurrencies without sharing my SSN?

avatarChidimma ToniaDec 17, 2021 · 3 years ago3 answers

I'm concerned about sharing my SSN when purchasing cryptocurrencies. Is there a way to buy cryptocurrencies without providing my SSN?

Is it possible to purchase cryptocurrencies without sharing my SSN?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    Yes, it is possible to purchase cryptocurrencies without sharing your SSN. Some decentralized exchanges (DEXs) allow users to trade cryptocurrencies without the need for KYC (Know Your Customer) verification, which typically requires sharing personal information such as SSN. However, it's important to note that not all cryptocurrencies can be purchased on DEXs, and the liquidity may be lower compared to centralized exchanges.
  • avatarDec 17, 2021 · 3 years ago
    Absolutely! There are peer-to-peer (P2P) trading platforms where you can buy cryptocurrencies directly from other individuals without the need for SSN verification. These platforms connect buyers and sellers, allowing you to negotiate the terms and complete the transaction without sharing sensitive personal information.
  • avatarDec 17, 2021 · 3 years ago
    At BYDFi, we prioritize user privacy and offer a solution for purchasing cryptocurrencies without sharing your SSN. Our platform utilizes a decentralized finance (DeFi) protocol that allows users to trade cryptocurrencies in a secure and private manner. With BYDFi, you can enjoy the benefits of decentralized trading while maintaining your privacy.