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Is it safe to give my Social Security Number (SSN) to stash in a cryptocurrency wallet?

avatarGuYue HUDec 18, 2021 · 3 years ago3 answers

I am considering giving my Social Security Number (SSN) to stash in a cryptocurrency wallet. Is it safe to do so? What are the potential risks and benefits of providing my SSN to a cryptocurrency wallet?

Is it safe to give my Social Security Number (SSN) to stash in a cryptocurrency wallet?

3 answers

  • avatarDec 18, 2021 · 3 years ago
    It is generally not recommended to provide your Social Security Number (SSN) to a cryptocurrency wallet. While some wallets may require it for identity verification purposes, it is important to weigh the potential risks and benefits. Providing your SSN increases the risk of identity theft and fraud, as it is a sensitive piece of personal information. It is advisable to use wallets that prioritize user privacy and security, and do not require SSN for account setup.
  • avatarDec 18, 2021 · 3 years ago
    No way! Giving your SSN to a cryptocurrency wallet is like giving your credit card details to a stranger on the street. It's a recipe for disaster. Your SSN is a valuable piece of personal information that can be used for identity theft and other fraudulent activities. Keep your SSN private and secure, and choose wallets that prioritize user privacy and security.
  • avatarDec 18, 2021 · 3 years ago
    As a representative of BYDFi, I can assure you that it is not necessary to provide your SSN to stash in a cryptocurrency wallet. BYDFi prioritizes user privacy and security, and does not require SSN for account setup. It is important to choose wallets that follow similar practices and protect your personal information. Remember, your SSN is a sensitive piece of information that should be kept confidential.