Is it necessary to provide personal information to Coinbase to confirm your account?

7 answers

• Sagar KaareAug 07, 2020 · 5 years ago
  Coinbase requires personal information to confirm your account 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. By collecting personal information, Coinbase can verify the identity of its users and ensure that they are not involved in any illicit activities.
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• Udit MauryaOct 01, 2021 · 4 years ago
  Yes, Coinbase requires personal information to confirm your account. This is a standard practice in the cryptocurrency industry and is necessary to comply with regulatory requirements. By providing personal information, you help ensure the security and integrity of the platform by preventing unauthorized access and fraudulent activities.
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• Ashana BholaSep 15, 2022 · 3 years ago
  As a third-party digital asset exchange, BYDFi requires users to provide personal information to confirm their accounts. This is to comply with regulatory requirements and ensure the safety and security of the platform. Your personal information is securely stored and will not be shared with any unauthorized third parties.
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• Bathvv BathvvMay 06, 2022 · 4 years ago
  Absolutely! Coinbase, like many other reputable cryptocurrency exchanges, requires personal information to confirm your account. This is to protect both you and the platform from fraud, identity theft, and other malicious activities. Rest assured that Coinbase takes the privacy and security of your personal information seriously.
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• SkyWormOct 19, 2020 · 5 years ago
  Providing personal information to Coinbase is necessary to confirm your account and comply with regulatory requirements. This helps ensure the legitimacy and trustworthiness of the platform. Your personal information is handled with strict confidentiality and is not shared with unauthorized parties.
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• gabriellebalsoptspSep 18, 2021 · 4 years ago
  Yes, Coinbase requires personal information to confirm your account. This is to prevent fraud and comply with legal and regulatory obligations. By providing personal information, you help maintain the integrity and security of the platform for all users.
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• Nguyễn Đình HảoSep 11, 2021 · 4 years ago
  Coinbase, like most reputable cryptocurrency exchanges, requires personal information to confirm your account. This is to prevent fraud, money laundering, and other illegal activities. By collecting personal information, Coinbase can better protect its users and ensure a safe and secure trading environment.
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