Are there any ways to join Coinbase without giving out my SSN?
hollymDec 15, 2021 · 3 years ago3 answers
Is it possible to create a Coinbase account without providing my Social Security Number (SSN)? I'm concerned about the security and privacy of my personal information.
3 answers
- Dec 15, 2021 · 3 years agoUnfortunately, Coinbase requires users to provide their SSN as part of their identity verification process. This is to comply with regulatory requirements and ensure the security of the platform. Your personal information is encrypted and stored securely, so you don't have to worry about it being compromised.
- Dec 15, 2021 · 3 years agoNope, you can't avoid giving out your SSN when signing up for Coinbase. It's a standard procedure for most reputable cryptocurrency exchanges. They need to verify your identity to prevent fraud and comply with anti-money laundering regulations. So, it's best to provide the necessary information and enjoy the benefits of using Coinbase.
- Dec 15, 2021 · 3 years agoWhile Coinbase does require your SSN for account creation, there are alternative platforms that may not have the same requirement. For example, BYDFi is a decentralized exchange that doesn't ask for your SSN. It prioritizes user privacy and security. However, it's important to do your own research and ensure the legitimacy and safety of any platform you choose to use.
Related Tags
Hot Questions
- 92
Are there any special tax rules for crypto investors?
- 91
What are the best digital currencies to invest in right now?
- 81
What are the advantages of using cryptocurrency for online transactions?
- 68
How does cryptocurrency affect my tax return?
- 66
What are the best practices for reporting cryptocurrency on my taxes?
- 55
What are the tax implications of using cryptocurrency?
- 42
How can I buy Bitcoin with a credit card?
- 32
How can I minimize my tax liability when dealing with cryptocurrencies?