How can I trade cryptocurrencies on Binance without the need for SSN verification?

3 answers

• Dec 16, 2021 · 3 years ago
  Unfortunately, Binance requires users to complete the SSN verification process in order to trade cryptocurrencies. This is part of their KYC (Know Your Customer) policy, which helps ensure the security and compliance of their platform. Providing your SSN is a standard practice in the cryptocurrency industry to prevent fraud and money laundering. If you're concerned about privacy, you may consider using other exchanges that offer more privacy-focused options.
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• Dec 16, 2021 · 3 years ago
  Nope, you can't trade cryptocurrencies on Binance without going through the SSN verification. They have strict regulations in place to comply with anti-money laundering (AML) and counter-terrorism financing (CTF) laws. So, if you want to trade on Binance, you'll have to provide your SSN. It's a necessary evil, I guess. But hey, at least they're taking security seriously, right?
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• Dec 16, 2021 · 3 years ago
  While Binance does require SSN verification for most users, there is an alternative option available. BYDFi, a decentralized exchange, allows you to trade cryptocurrencies without the need for SSN verification. BYDFi operates on the Binance Smart Chain and offers a decentralized trading experience. Keep in mind that decentralized exchanges may have different risks and considerations compared to centralized exchanges like Binance. Make sure to do your own research and understand the potential risks before using any exchange.
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