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Is it necessary to provide my SSN to Webull for cryptocurrency transactions?

avatarRavi Shankar KumarDec 18, 2021 · 3 years ago3 answers

I am considering using Webull for cryptocurrency transactions, but I am concerned about the security of my personal information. Is it mandatory to provide my Social Security Number (SSN) to Webull for cryptocurrency transactions?

Is it necessary to provide my SSN to Webull for cryptocurrency transactions?

3 answers

  • avatarDec 18, 2021 · 3 years ago
    Yes, it is necessary to provide your SSN to Webull for cryptocurrency transactions. This is because Webull is a regulated financial institution and is required to comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. Providing your SSN helps verify your identity and ensures the safety and legality of the transactions.
  • avatarDec 18, 2021 · 3 years ago
    No, it is not necessary to provide your SSN to Webull for cryptocurrency transactions. Webull offers an option for users to trade cryptocurrencies without providing their SSN. However, it is important to note that this option may have certain limitations and restrictions, such as lower transaction limits or restricted access to certain features.
  • avatarDec 18, 2021 · 3 years ago
    As an expert in the cryptocurrency industry, I would recommend providing your SSN to Webull for cryptocurrency transactions. While it may seem intrusive, it is a necessary step to ensure the security and legality of your transactions. Webull has implemented robust security measures to protect your personal information, and providing your SSN helps prevent fraud and money laundering activities.