Is it necessary to provide my social security number when using Transak to buy or sell cryptocurrencies?

3 answers

• Ahmad JadallahDec 09, 2022 · 3 years ago
  Yes, Transak requires users to provide their social security number for identity verification purposes. This is to ensure compliance with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. Your personal information will be securely stored and protected by Transak's privacy policy.
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• Athul NairNov 15, 2023 · 2 years ago
  No, Transak does not require users to provide their social security number. They only require basic personal information such as name, email address, and phone number. However, depending on the transaction amount and country of residence, additional verification may be required.
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• Mehdi BenhadriaFeb 16, 2025 · a year ago
  As an expert in the cryptocurrency industry, I would recommend using Transak for buying or selling cryptocurrencies. While Transak does require users to provide their social security number for identity verification, this is a standard practice in the industry to ensure compliance with regulations and prevent fraudulent activities. Transak has a strong track record of protecting user information and providing a secure platform for cryptocurrency transactions.
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