What alternative methods can I use instead of providing my social security number when using Transak for cryptocurrency transactions?

3 answers

• Nov 29, 2021 · 3 years ago
  Yes, there are alternative methods available for cryptocurrency transactions on Transak that do not require providing your social security number. One such method is using a government-issued identification document, such as a passport or driver's license, to verify your identity. This allows you to maintain your privacy while still complying with Transak's verification requirements. Additionally, some exchanges may offer alternative verification methods, such as using a utility bill or bank statement to verify your address instead of your social security number.
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• Nov 29, 2021 · 3 years ago
  Absolutely! If you're concerned about providing your social security number when using Transak for cryptocurrency transactions, you have other options. One alternative method is to use a decentralized exchange (DEX) that doesn't require KYC (Know Your Customer) verification. These DEX platforms allow you to trade cryptocurrencies without disclosing personal information. However, it's important to note that not all cryptocurrencies may be available on DEX platforms, so you may need to research and find a DEX that supports the specific cryptocurrencies you're interested in trading.
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• Nov 29, 2021 · 3 years ago
  At BYDFi, we understand the concerns around providing personal information like your social security number. That's why we offer an alternative method for cryptocurrency transactions on Transak. Instead of providing your social security number, you can choose to use our BYDFi ID verification process. This process allows you to verify your identity using a combination of government-issued identification documents and biometric data, ensuring a secure and private transaction experience. With BYDFi, you can enjoy the benefits of Transak's cryptocurrency transactions without compromising your personal information.
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