why does coinbase ask for personal information

Last Updated on June 5, 2023 by Paganoto

Privacy data request FAQ | Coinbase Help

Privacy data request FAQ | Coinbase Help

Coinbase collects personal information that is necessary to provide you with our services. This primarily includes data we collect because it is mandated by law—such as when we must comply with anti-money laundering laws—or to verify your identity and protect you from potential fraudulent activity.

Why does Coinbase ask for my personal information when …

Why does Coinbase ask for my personal information when …

Policy requires that we have your name, address, and date of birth on file before you can make large transactions with your Coinbase account. For new customers, …

Data Privacy at Coinbase

Data Privacy at Coinbase

At Coinbase, we collect personal information that is necessary to provide you with our services. This primarily includes data we collect because it is mandated …

Why does Coinbase now require ALL your personal … – Quora

Why does Coinbase now require ALL your personal … – Quora

The reason Coinbase and similar companies require ID verification is to comply with AML/KYC laws (Anti-Money Laundering/Know Your Customer). These laws are in …

Coinbase Asking for More Information Than Banks? – Bitcoinist

Coinbase Asking for More Information Than Banks? – Bitcoinist

Coinbase goes above and beyond in its information-gathering endeavors, collecting more personal information than traditional banks.

Is coinbase safe, why do they need so much personal … – Reddit

Is coinbase safe, why do they need so much personal … – Reddit

Coinbase needs to be able to prove that you are who you say you are to government entities that manage financial exchanges. These entities – …

Is Coinbase Safe? – Business Insider

Is Coinbase Safe? – Business Insider

There’s no inherent risk” to using the platform, Faithfull says, adding that much of the risk users do assume mostly “depends on the …

3 Reasons Why Coinbase Asks for Your SSN [Real Facts]

3 Reasons Why Coinbase Asks for Your SSN [Real Facts]

Why Does Coinbase Ask for Your SSN? · Account verification – when setting up your account, the platform wants to be sure that they are doing business with a real …

Why is Coinbase Asking for My SSN? – CryptoChronicle.io

Why is Coinbase Asking for My SSN? – CryptoChronicle.io

TL;DR- the answer is threefold: anti-money laundering, account security, and tax purposes. Technically speaking, they’re only asking for the …

Coinbase chief 'sorry' for ominous email demanding bank …

Coinbase chief 'sorry' for ominous email demanding bank …

A spokesperson said (our emphasis): “To ensure that new and existing customers are verified and to ensure that Coinbase is complying with …