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what personal information is needed to open account on coinbase

What personal info is needed for Coinbase?

Personal Identification Information: Full legal name, date of birth, age, nationality, gender, signature, utility bills, photographs, phone number, home address, and/or email.

Can I have a Coinbase account without a SSN?

Coinbase is easy to set up but requires some information, including your legal name, home address, date of birth, last four digits of your Social Security number and how you plan to use Coinbase.

What does Coinbase ask for when signing up?

To prevent fraud and to make any account-related changes, Coinbase will ask you to verify your identity from time-to-time. We also ask you to verify your identity to ensure no one but you changes your payment information.

How do I open a Coinbase account?

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Should I put my real name in Coinbase?

If you don't verify your identity, your account will be restricted. Coinbase will help you in any way that we can to ensure you can verify your identity.

How does Coinbase verify your identity?

As part of our commitment to remain the most trusted cryptocurrency platform, all ID documents must be verified through the Coinbase website or mobile app. We don't accept emailed copies of your ID documents for verification purposes.

Why does Coinbase need my ID?

Coinbase uses Identity Verification in order to comply with KYC (Know Your Customer) regulations. KYC is a way of identifying and confirming that a customer is who they say they are. It's a multi-step process that helps to prevent the creation and use of fraudulent accounts.

Do I need to be US citizen for Coinbase?

To be eligible to use the Coinbase Services, you must be at least 18 years old, and reside in the United States.

Do you need photo ID for Coinbase?

As a regulated financial service company operating in the US, we're periodically required to identify users on our platform. Identity verification ensures we remain in compliance with KYC/AML laws in the jurisdictions in which we operate, so we can continue to offer digital currency exchange services to our customers.

Why you should not use Coinbase?

Transacting bitcoins on Coinbase may be worse for privacy than even PayPal. And it's because you also compromise the privacy of people who transacted with you. Then there's the issue of high fees. Coinbase's convenience and ease of use come at a cost: when you buy bitcoins, the fee is 1.49% to 3.99%.

Why does Coinbase need my SSN?

TL;DR- the answer is threefold: anti-money laundering, account security, and tax purposes. Technically speaking, they're only asking for the last four of your social security number. When registering with Coinbase in the US, the exchange will prompt you to hand over your personal information.

Why is Coinbase asking for my photo?

To prevent fraud and to make any account-related changes, Coinbase will ask you to verify your identity from time-to-time. We also ask you to verify your identity to ensure no one but you changes your payment information.

Is it safe to give Coinbase my ID?

Our primary purpose in collecting personal information is to provide you with a secure, efficient, and customized experience. Additionally, verifying your identity helps to prevent fraud from occurring on our platform. We will never sell or rent your personal information to third parties.

Can you use Coinbase without ID?

As a regulated financial services company, Coinbase is required to identify the users on our platform. Per the Coinbase User Terms, we require all customers to verify their identity to continue using our service.

Is it safe to upload photo ID to Coinbase?

Our primary purpose in collecting personal information is to provide you with a secure, efficient, and customized experience. Additionally, verifying your identity helps to prevent fraud from occurring on our platform. We will never sell or rent your personal information to third parties.

Which banks work with Coinbase?

Banks in the United States that Accept Cryptocurrency

  • Ally Bank โ€“ Linking your bank account to Coinbase allows for the purchase of Bitcoin using an Ally Bank issued debit card.
  • Chime Bank โ€“ Bitcoin purchases are allowed through Paxful.
  • Goldman Sachs โ€“ Newly adopted altcoin trading desk and altcoin product offerings.

Is it safe to connect bank account to Coinbase?

At Coinbase we go to great lengths to keep all of your sensitive information safe. Account numbers and routing numbers are stored using bank level AES-256 encryption on our servers. In addition, all traffic goes over SSL to prevent third parties from eavesdropping on your connection.

Can you get scammed on Coinbase?

Scammers can create fake websites asking for sensitive information to gain control of your accounts. Coinbase employees will NEVER ask you to share your password, 2-step verification codes, or private keys. If someone claiming to be from Coinbase asks you for this information, it is a scam.

Is it safe to connect your bank account to Coinbase?

At Coinbase we go to great lengths to keep all of your sensitive information safe. Account numbers and routing numbers are stored using bank level AES-256 encryption on our servers. In addition, all traffic goes over SSL to prevent third parties from eavesdropping on your connection.

Is it safe to give ID to Coinbase?

Before gaining access to the buy and sell features, you may be asked to verify an ID with us. We go through great lengths to keep this information safe. Employee access is heavily restricted and we require background checks on all employees.