What is Coinbase's policy on asking for SSN during the account registration process?

3 answers

• Nov 29, 2021 · 3 years ago
  Coinbase requires users to provide their Social Security Number (SSN) during the account registration process. This is a standard practice followed by most reputable cryptocurrency exchanges. The SSN is used for identity verification purposes and to comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. It helps Coinbase ensure that the user is not involved in any illegal activities and provides a safer environment for all users.
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• Nov 29, 2021 · 3 years ago
  When you sign up for a Coinbase account, they will ask for your Social Security Number (SSN). This is to verify your identity and comply with regulatory requirements. Coinbase takes the security of their platform and users' funds very seriously, and collecting SSN is part of their efforts to prevent fraud, money laundering, and other illicit activities. Rest assured that Coinbase has implemented strict security measures to protect your personal information.
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• Nov 29, 2021 · 3 years ago
  As a third-party cryptocurrency exchange, BYDFi follows a similar policy as Coinbase when it comes to asking for SSN during the account registration process. The SSN is required for identity verification and compliance with regulatory standards. It helps ensure the safety and security of the platform and its users. BYDFi takes user privacy seriously and has implemented robust security measures to protect sensitive information. Your SSN will only be used for the intended purposes and will be kept confidential.
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