Coinbase, Exchanges

Does Coinbase Run Credit Check?

When you set up a Coinbase account, you have to provide your name, email, and password. You then have to verify your email address and phone number.

After that, you’re asked to provide your state of residence and the last four digits of your Social Security number. At this point, Coinbase will run a credit check.

This is a soft credit check, which means that it won’t impact your credit score. Coinbase is just trying to verify your identity.

NOTE: This is a warning note to inform you that Coinbase does not run credit checks and there is no way of determining a user’s creditworthiness. Therefore, it is important to note that using Coinbase may involve higher risks than using traditional financial services. Furthermore, users should be aware that Coinbase does not offer consumer protection services and any funds stored on the platform may be lost without recourse.

If you have a good credit score, you shouldn’t worry about this step in the process.

Once you’re verified, you can start buying and selling cryptocurrencies on Coinbase. Overall, the process is pretty straightforward and shouldn’t take more than a few minutes.

In conclusion, yes, Coinbase does run a credit check when you set up an account. However, it’s a soft credit check so it won’t impact your credit score.

Previous ArticleNext Article