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Questions tagged [privacy concern]

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CryptoWanderer CryptoWanderer Tue Sep 03 2024 | 7 answers 1259

Why does bitcoin ask for SSN?

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.

Why does bitcoin ask for SSN?

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