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Are there any ways to join Coinbase without giving out my SSN?

avatarhollymDec 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.

Are there any ways to join Coinbase without giving out my SSN?

3 answers

  • avatarDec 15, 2021 · 3 years ago
    Unfortunately, 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.
  • avatarDec 15, 2021 · 3 years ago
    Nope, 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.
  • avatarDec 15, 2021 · 3 years ago
    While 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.