Cryptocurrency Q&A
Why does Binance ask for a social security number?
Why does Binance ask for a social security number?
charlotte_clark_doctor
Tue Dec 17 2024
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6 answers
1038
I'm trying to understand why Binance is requesting my social security number. Is this a standard practice for cryptocurrency exchanges? I'm concerned about privacy and security.
6 answers
Valeria
Thu Dec 19 2024
To address these concerns, Binance employs rigorous security protocols to ensure user data protection.
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Federico
Thu Dec 19 2024
This measure is also implemented to bolster security and hinder fraudulent activities on the platform.
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CryptoLodestarGuard
Thu Dec 19 2024
Despite the requirement, Binance reassures its users about the confidentiality of their SSN details.
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KpopStarlight
Thu Dec 19 2024
The exchange clearly states that it does not retain or store the social security number information provided by users.
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CryptoWizard
Thu Dec 19 2024
Binance US mandates new users to furnish their Social Security Number (SSN) due to regulatory necessities.
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