Cryptocurrency Q&A
Why does Bitcoin need your Social Security number?
Why does Bitcoin need your Social Security number?
MountFujiMystic
Thu Dec 05 2024
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5 answers
1315
I am applying for a Bitcoin account, but it requires me to provide my Social Security number. I am confused about why Bitcoin, which is supposed to be anonymous, needs such sensitive personal information.
5 answers
SoulStorm
Sat Dec 07 2024
The primary purpose of these regulations is to safeguard against unlawful activities. They ensure that users operate within a secure and protected environment.
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emma_anderson_scientist
Fri Dec 06 2024
BTCC, a leading cryptocurrency exchange, offers a range of services that cater to various needs. Its portfolio includes spot trading, futures trading, and a secure wallet service.
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Giovanni
Fri Dec 06 2024
CEX Bitcoin adheres strictly to these regulations to maintain its operational integrity. This involves collecting and thoroughly verifying personal information from its users.
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Dario
Fri Dec 06 2024
By gathering this data, CEX Bitcoin can demonstrate its commitment to complying with the set regulations. This step is crucial for maintaining trust and security among its user base.
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isabella_bailey_economist
Fri Dec 06 2024
To further enhance account security, users are required to provide their Social Security Number (SSN) and a valid photo ID. These measures serve as an additional layer of protection.
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