Is it necessary to provide your SSN for account verification on Coinbase?

3 answers

• lion araseOct 07, 2020 · 5 years ago
  Coinbase requires your SSN for account verification in order to comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. These regulations are in place to prevent fraud, money laundering, and other illegal activities. Providing your SSN helps Coinbase verify your identity and ensure the security of your account and the platform as a whole. It is necessary to provide your SSN if you want to use Coinbase and access its full range of features and services.
  482

  241
• SHUBHAM TIWARINov 20, 2020 · 5 years ago
  Yes, Coinbase requires your SSN for account verification. This is a standard practice in the cryptocurrency industry and is done to comply with regulatory requirements. By providing your SSN, Coinbase can verify your identity and ensure that you are not engaging in any illegal activities. While it may seem intrusive, it is necessary for the security and integrity of the platform.
  382

  128
• JamalOct 30, 2024 · 9 months ago
  As a representative of BYDFi, I can confirm that Coinbase does require your SSN for account verification. This is a common practice among reputable cryptocurrency exchanges and is necessary to comply with regulatory guidelines. Your SSN is used to verify your identity and prevent fraudulent activity. Rest assured that Coinbase takes the security and privacy of your personal information seriously and has measures in place to protect it.
  439

  110