There are a few key requirements that must be met in order to use Coinbase. One of these requirements is that users must have a Social Security Number (SSN).
This is because Coinbase is a regulated financial institution and is required to follow KYC (know your customer) and AML (anti-money laundering) regulations.
Coinbase has been very clear that they require an SSN from all of their users. They have stated that they “cannot provide services to customers who do not provide a SSN.
NOTE: WARNING: Coinbase does not require customers to provide a Social Security Number (SSN) to open an account. However, customers may be asked for additional information, such as a photo ID or other forms of identification, before being able to purchase digital currency. Coinbase may also periodically request additional information from customers in order to verify their identity. Customers should only provide Coinbase with their SSN if they are specifically asked for it.
” This has caused some confusion and frustration among users, especially those who do not live in the United States.
Coinbase has clarified that the requirement for an SSN is not new, and that this has always been a requirement for using their platform. They have also stated that they “are not able to facilitate the buying or selling of digital currency without this information.”
So, if you’re looking to use Coinbase, you will need to provide them with your SSN. There is no way around this requirement, so if you’re not comfortable with providing this information, you will need to look for another platform to use.
4 Related Question Answers Found
When it comes to online security, one of the most important things to consider is whether or not it’s safe to give your social security number (SSN) to Coinbase. While Coinbase is a legitimate company with robust security measures in place, there have been a number of high-profile data breaches in recent years that have put consumers on edge. In addition, Coinbase has been known to request SSNs from users who are trying to verify their accounts.
As one of the most popular cryptocurrency exchanges, Coinbase is often the first stop for those looking to invest in Bitcoin, Ethereum, and other digital assets. Given the sensitive nature of personal financial information, many users are understandably concerned about entrusting Coinbase with their Social Security Number (SSN). In this article, we’ll take a close look at Coinbase’s security measures and policies to help you decide whether or not you can trust the exchange with your SSN.
A security key is a physical device that adds an extra layer of security to your online accounts. If you’re using a service like Coinbase that handles sensitive information like your financial data, then it’s a good idea to use a security key. There are two main types of security keys: USB keys and NFC tags.
It is safe to say that Coinbase will never support SGB. There are a variety of reasons why this is the case, but the most prominent one is that SGB simply isn’t a very good investment. SGB is a highly centralized coin with very few use cases.
