What information does Coinbase need to set up an account?
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. That’s to comply with federal regulations.
Do you need ID to sign up for Coinbase?
Per the Coinbase User Terms, we require all customers to verify their identity to continue using our service. We didn’t always require Identity Verification to sign up for Coinbase, but we now require all customers to input their information.
How much money do you need to open a Coinbase account?
Compare to Similar Brokers
|Account Minimum $2||Account Minimum $10||Account Minimum $0|
|Promotion Earn $5 in bitcoin for getting started on Coinbase||Promotion Get $10 in bitcoin when you make your first trade of $10 or more||Promotion $20 of BTC for new users after trading $100 or more within 30 days|
Does Coinbase require Social Security number?
Coinbase does require that you provide your Social Security number to them when opening an account on their platform. They use your SS# for several reasons such as checking your background information, tax reporting purposes as well as to comply with anti- money laundering laws of the United States.
Should I use my real name on Coinbase?
You have to use your real identity to purchase through Coinbase. If you want to remain anonymous, can use localbitcoins, but it will be more expensive.
Why does Coinbase need my driver’s license?
To prevent fraud and to make any account-related changes, Coinbase will ask you to verify your identity from time-to-time. … As part of our commitment to remain the most trusted cryptocurrency platform, all Identification Documents must be verified through the Coinbase website or mobile app.
Should I trust Coinbase with my ID?
It’s one of the best in the crypto world. Sort answer YES. As part of our commitment to remain the most trusted cryptocurrency platform, all Identification Documents must be verified through the Coinbase website or mobile app. We do not accept emailed copies of your identity documents for verification purposes.
How can I buy crypto without ID?
Answer: In addition to ShapeShift, BitQuick, and LocalBitcoins.com, Paxful, and DameCoins, you can check Coingate, Lobstr, Paybis, and Coinmama which allow you to buy Bitcoin anonymously. In fact, peer-to-peer platforms do not need you to use a credit card.
Is Coinbase good for beginners?
The world’s largest crypto exchange is great for beginners, with a simple UX and top-tier security—but it comes at a cost. Create an account to save your articles.
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.
Do I own Bitcoin on Coinbase?
YES, You actually own it but Coinbase is like a bank keeping it for you. You can removed the bitcoin from Coinbase to your own wallet if wish and become your own bank. As the internet says, Not your keys, not your coins.
Is it safe to give Coinbase my driver’s license?
Can I trust Coinbase with my ID? Yes, as much as I hate to say it, they are one of the few Cryptocurrency Exchanges that you can trust with fully protecting your KYC data to the best of their ability.
Is it safe to give Coinbase my drivers license?
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. We will never sell or rent your personal information to third parties. …
Can I trust Coinbase with my SSN?
Is it safe to give Coinbase my SSN? – Quora. In my opinion, yes, it is safe to give Coinbase your social security number. You must consider that opening an account at Coinbase actually is no different than opening a bank account. They must have your tax id for the purpose of reporting to the IRS.