why does coinbase require so much personal information

Last Updated on April 30, 2024 by Paganoto

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 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, …

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 …

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 …

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

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

It’s legit. They report your info to IRS so they need it. Upvote

Coinbase Asking for More Information Than Banks? – Bitcoinist

Coinbase Asking for More Information Than Banks? – Bitcoinist

Update 8/10/2015 8:20 PM EST: Coinbase has responded to us regarding its reasoning for its information requirements, saying that, …

Is Coinbase Safe? – Business Insider

Is Coinbase Safe? – Business Insider

Coinbase is not insured by the Securities Investor Protection Corporation (SIPC), like other cryptocurrency brokerages.

Is Coinbase Safe? A Modern Financial Lesson

Is Coinbase Safe? A Modern Financial Lesson

It uses cryptography to secure and verify transactions as well as to control the creation of new units of a particular cryptocurrency.

Coinbase Review 2022: Pros, Cons and How It Compares

Coinbase Review 2022: Pros, Cons and How It Compares

The investing information provided on this page is for educational purposes only. NerdWallet does not offer advisory or brokerage services, nor does it …

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

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

The platform takes its legitimacy as a money transmitter and financial services provider very seriously and needs your SSN for account verification, tax …