What are the risks of giving my SSN to Robinhood for cryptocurrency trading?

1 answers

• Dec 16, 2021 · 3 years ago
  While I can't speak specifically about Robinhood, it's important to understand the risks associated with providing your SSN to any cryptocurrency trading platform. One potential risk is the exposure of your SSN in the event of a data breach. If the platform's security is compromised, hackers could gain access to your SSN and use it for fraudulent purposes. Another risk is the potential for your personal information to be shared with third parties. Trading platforms may share your SSN with other companies for various reasons, such as compliance or marketing. This could result in unwanted solicitations or privacy concerns. Additionally, providing your SSN means that your financial activities may be subject to government surveillance. It's important to weigh these risks and consider alternative platforms that prioritize user privacy and security.
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