Cryptocurrency Q&A
Why does bitcoin ask for SSN?
Why does bitcoin ask for SSN?
CryptoWanderer
Tue Sep 03 2024
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7 answers
1259
Excuse me, could you please clarify why Bitcoin or any cryptocurrency platform might request a Social Security Number (SSN) from its users? I'm aware that cryptocurrency transactions are typically decentralized and anonymous, so the need for personal identification like an SSN seems unusual. Is this a standard practice for all platforms, or is it specific to certain exchanges or services? Additionally, are there any privacy concerns or risks associated with sharing this information? I'd appreciate any insights you can provide on this matter.
7 answers
Andrea
Thu Sep 05 2024
At our cryptocurrency and finance firm, we prioritize the safety and security of our customers above all else. As such, we have implemented rigorous measures to protect against fraudulent activities and ensure full compliance with digital asset trading regulations.
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CryptoMystic
Thu Sep 05 2024
A crucial aspect of these measures involves the collection of personally identifiable information from our clients. This information is vital in verifying the authenticity of our customers and preventing any unauthorized access to their accounts.
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benjamin_cole_nurse
Wed Sep 04 2024
Among the various services we offer, BTCC stands out as a top cryptocurrency exchange. With a wide range of services including spot trading, futures trading, and wallet services, BTCC caters to the diverse needs of our clients in the digital asset space.
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Daniele
Wed Sep 04 2024
The information we request includes, but is not limited to, selfies for facial recognition purposes. This step helps us to ensure that the individual opening the account is the same person who will be using it.
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KpopMelody
Wed Sep 04 2024
Additionally, we also require our customers to provide their Social Security Number (SSN). This information is used to cross-check with government databases and further confirm the identity of our clients.
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