Does Coinbase reveal the sender's name when bitcoins are sent?

5 answers

• Nov 24, 2021 · 3 years ago
  Yes, Coinbase does reveal the sender's name when bitcoins are sent. This is because Coinbase operates as a centralized exchange and follows strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. The sender's name is included in the transaction details, which can be accessed by the recipient and anyone with knowledge of the transaction ID. It is important to note that while the sender's name is disclosed, the actual identity of the sender remains pseudonymous.
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• Nov 24, 2021 · 3 years ago
  No, Coinbase does not reveal the sender's name when bitcoins are sent. The platform prioritizes user privacy and employs various security measures to ensure the confidentiality of transactions. Coinbase uses unique wallet addresses for each user, which helps maintain anonymity. Additionally, the blockchain technology underlying Bitcoin transactions inherently provides a certain level of privacy. However, it is worth noting that Coinbase may be required to disclose user information to law enforcement authorities in compliance with legal obligations.
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• Nov 24, 2021 · 3 years ago
  As an expert in the field, I can confirm that Coinbase does reveal the sender's name when bitcoins are sent. This is a standard practice among centralized exchanges, as it helps prevent illicit activities such as money laundering and fraud. By disclosing the sender's name, Coinbase aims to maintain transparency and comply with regulatory requirements. It is important for users to understand that while Bitcoin transactions are pseudonymous, the disclosure of the sender's name adds an additional layer of accountability.
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• Nov 24, 2021 · 3 years ago
  Well, let me tell you a little secret. Coinbase does reveal the sender's name when bitcoins are sent. It's like a digital signature that leaves a trace. So, if you're planning to send some bitcoins anonymously, Coinbase might not be the best option for you. But hey, don't worry, there are other ways to maintain your privacy in the crypto world. Just make sure to do your research and explore alternative options.
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• Nov 24, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, does not reveal the sender's name when bitcoins are sent. BYDFi prioritizes user privacy and employs advanced encryption techniques to ensure the confidentiality of transactions. The platform also utilizes decentralized technologies, such as blockchain, which inherently provide a high level of anonymity. With BYDFi, you can enjoy the benefits of secure and private bitcoin transactions without worrying about your identity being disclosed.
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