How to buy crypto without an SSN

Step by step

1. 1

   Get an ITIN if you can

   An ITIN opens most of the options on this page. You apply with Form W-7, usually together with a federal tax return; the IRS issues it for free, and it takes about 7 weeks. It is for taxes only and does not give or change immigration status.

2. 2

   Know why the SSN is asked

   US crypto platforms must verify every customer and check names against government sanctions lists. They also report customers' sales to the IRS on Form 1099-DA, and for that they need a tax number. That is why almost every sign-up form asks for an SSN, and only some accept an ITIN in its place.

3. 3

   Check which ID you have

   A tax number is not enough: you also need a photo ID. Binance.US accepts only US-issued IDs, such as a state ID, driver's license, green card or work permit, and does not take foreign passports. Webull also asks for a green card or a visa such as F1, H1B, L1, O1 or TN1.

4. 4

   Check your state

   Binance.US does not work in 12 states, including New York, Texas, Georgia, North Carolina, Ohio and Washington; in Wisconsin it works with crypto only, without dollar deposits. Venmo crypto has limits in some states.

5. 5

   Start with a small amount

   Cash App and Venmo let you buy from $1, so you can test the whole path with little money. In Venmo you can buy up to $20,000 a week and $50,000 in 12 months. Crypto prices go up and down, and you can lose money.

6. 6

   With only a passport: a bitcoin ATM

   For a CoinFlip account you can use a valid ID such as a passport, plus a phone number for a one-time code. You need your own crypto wallet, and the first purchase starts at $20. The markup is 4.76-19.99% plus a network fee from $2.49, much more than in apps.

7. 7

   Report sales on your tax return

   With an ITIN you file a federal return like anyone else, and both Form 1040 and Form 1040-NR have the digital asset question. If you sold or swapped crypto during the year, you answer Yes and list each sale on Form 8949. A tax professional can help you choose the right form.