Coinbase, Exchanges

Does Coinbase Have Data?

It’s no secret that Coinbase has been collecting data on its users. The popular cryptocurrency exchange has been doing this since its inception in 2012.

But what does Coinbase do with all this data? Does it sell it to third-parties? Does it use it to Target ads? The answer is a little bit of both.

Coinbase has been clear that it collects user data for two main reasons: to comply with regulations and to prevent fraud. In order to comply with regulations, Coinbase is required to collect certain information from its users.

This includes things like your name, address, and date of birth. Coinbase also collects data on your transactions, including the amount of money you’re sending and receiving, as well as your wallet addresses.

NOTE: WARNING: Coinbase may have your personal data stored in its databases. Coinbase has access to your name, address, phone number, email address, and other information. Coinbase also requires users to provide photo identification and proof of residence. We recommend that you use caution when sharing any type of personal information with Coinbase.

Coinbase uses this data to prevent fraud and to keep its platform safe. By monitoring transactions, Coinbase can flag suspicious activity and prevent people from using its platform to launder money or engage in other illegal activities.

So, does Coinbase sell user data? The short answer is yes. In the past, Coinbase has sold user data to third-party companies, such as law enforcement agencies and ad networks.

However, Coinbase has recently changed its policy on selling user data and now says that it will only share data with third-parties if it’s required to by law or if it’s necessary to prevent fraud or other illegal activities.

Even though Coinbase has changed its policy on selling user data, it’s still collecting a lot of information on its users. So, if you’re concerned about your privacy, you might want to consider using a different cryptocurrency exchange.

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