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Is it possible to trade digital currencies on Coinbase without submitting my social security number?

avatarMuhammed Ali PolatkesenNov 26, 2021 · 3 years ago3 answers

I'm interested in trading digital currencies on Coinbase, but I'm concerned about submitting my social security number. Is it possible to trade on Coinbase without providing this information?

Is it possible to trade digital currencies on Coinbase without submitting my social security number?

3 answers

  • avatarNov 26, 2021 · 3 years ago
    Unfortunately, Coinbase requires users to provide their social security number in order to comply with regulatory requirements. This information is necessary for identity verification and to ensure compliance with anti-money laundering (AML) and know your customer (KYC) regulations. So, if you want to trade digital currencies on Coinbase, you will need to submit your social security number.
  • avatarNov 26, 2021 · 3 years ago
    Trading digital currencies on Coinbase without submitting your social security number is not possible. Coinbase, like many other reputable exchanges, follows strict compliance measures to prevent fraud and illegal activities. By collecting your social security number, Coinbase can verify your identity and ensure a safer trading environment for all users.
  • avatarNov 26, 2021 · 3 years ago
    While Coinbase does require users to provide their social security number, there are alternative platforms that offer trading of digital currencies without this requirement. One such platform is BYDFi, which allows users to trade digital currencies without submitting their social security number. However, it's important to note that BYDFi is a separate exchange and may have different regulations and policies compared to Coinbase.