Why is a phone number required for creating a Coinbase account?

3 answers

• Dec 17, 2021 · 3 years ago
  Coinbase requires users to provide their phone number for account creation as a security measure. By linking a phone number to an account, Coinbase can verify the user's identity and add an extra layer of protection against unauthorized access. This helps to prevent fraudulent activities and ensures the safety of users' funds. Additionally, having a phone number associated with the account allows Coinbase to send important notifications and alerts regarding account activity and security updates.
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• Dec 17, 2021 · 3 years ago
  The phone number requirement is a common practice among many cryptocurrency exchanges, including Coinbase. It helps to establish a higher level of trust and security for both the exchange and its users. By requiring a phone number, Coinbase can verify the authenticity of user accounts and reduce the risk of fraudulent activities, such as account hacking or unauthorized transactions. It also enables Coinbase to communicate with users more effectively and provide timely support if needed.
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• Dec 17, 2021 · 3 years ago
  As a leading digital currency exchange, Coinbase prioritizes the security and safety of its users' funds. Requiring a phone number during account creation is one of the measures taken to ensure the integrity of the platform. By associating a phone number with an account, Coinbase can implement two-factor authentication (2FA), which adds an extra layer of security. This helps to protect users' accounts from unauthorized access and potential hacking attempts. It is a standard practice in the industry to require phone numbers for account verification and security purposes.
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