Can you trade crypto without a SSN?

In the US, crypto is considered trading securities. As such, they are required to get your SSN, file with the IRS, and provide you with access to forms you can use to pay your taxes. If you do find a platform that lets you trade without a SSN, be advised that you are still supposed to report your trading, or the tax man will come for you.

How to buy cryptocurrency without an SSN?

One way to buy cryptocurrency without an SSN is by utilizing peer-to-peer (P2P) platforms. These platforms connect buyers and sellers directly, allowing for individual transactions without the need for a centralized exchange. Here’s how it works: 1. Choose a P2P Platform: Look for reputable P2P platforms like LocalBitcoins or Paxful.

Do you need a Social Security number to buy cryptocurrency?

The requirement of a Social Security Number (SSN) when purchasing cryptocurrency is mainly driven by regulatory and security concerns. Here are some reasons why cryptocurrency exchanges and platforms often ask for an SSN: