common-close-0
BYDFi
Trade wherever you are!

How does Coinbase collect information about me?

avatarAsher RiveronDec 17, 2021 · 3 years ago3 answers

Can you explain the process of how Coinbase collects information about its users?

How does Coinbase collect information about me?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    Sure! When you sign up for a Coinbase account, they collect basic personal information such as your name, email address, and phone number. They may also ask for additional verification documents, depending on your country and the level of verification you choose. This information is collected to comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, as well as to ensure the security of your account and prevent fraud.
  • avatarDec 17, 2021 · 3 years ago
    Coinbase collects information about its users to ensure the safety and security of their platform. By collecting personal information, they can verify the identity of their users and prevent unauthorized access to accounts. This helps protect users' funds and prevents fraudulent activities. Rest assured that Coinbase takes privacy and data security seriously, and they have measures in place to protect your information.
  • avatarDec 17, 2021 · 3 years ago
    As a digital currency exchange, Coinbase is required to collect certain information about its users to comply with regulatory requirements. This includes collecting personal information such as your name, address, and date of birth. Coinbase may also collect information about your transactions and account activity to monitor for suspicious or fraudulent activities. However, Coinbase takes privacy seriously and has implemented security measures to protect your information from unauthorized access or disclosure.