Is it necessary to provide personal information to create a Hive account for buying and selling cryptocurrencies?

3 answers

• Fredy ReyesDec 03, 2022 · 3 years ago
  Yes, it is necessary to provide personal information when creating a Hive account for buying and selling cryptocurrencies. This is because Hive, like many other cryptocurrency exchanges, is required to comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. These regulations aim to prevent illegal activities such as money laundering and terrorist financing. By collecting personal information, Hive can verify the identity of its users and ensure compliance with these regulations. The personal information required may include your full name, date of birth, address, and in some cases, a government-issued identification document. Rest assured that Hive takes the privacy and security of your personal information seriously and employs measures to protect it from unauthorized access.
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• Anup PandeyJan 22, 2025 · a year ago
  Absolutely! When signing up for a Hive account to buy and sell cryptocurrencies, you will need to provide personal information. This is a standard practice in the cryptocurrency industry to ensure compliance with regulations and prevent fraudulent activities. The information required may include your name, address, date of birth, and sometimes even a photo of your identification document. While it may seem intrusive, these measures are in place to protect both you and the exchange from potential risks. So, don't worry, your personal information will be handled securely and confidentially.
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• Kara CanJun 03, 2022 · 4 years ago
  Yes, you do need to provide personal information when creating a Hive account for buying and selling cryptocurrencies. This is to comply with regulatory requirements and prevent illegal activities such as money laundering and fraud. The personal information requested may include your full name, address, date of birth, and sometimes even a photo of your identification document. Rest assured that Hive takes privacy seriously and has implemented security measures to protect your personal information. Remember, providing accurate and truthful information is important to ensure a smooth and secure trading experience on the platform.
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