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Are there any alternative methods to verify my identity on Coinbase without providing my SSN?

avatarJeremy GloffDec 27, 2021 · 3 years ago4 answers

I want to verify my identity on Coinbase, but I don't feel comfortable providing my Social Security Number (SSN). Are there any alternative methods that I can use to verify my identity without sharing my SSN?

Are there any alternative methods to verify my identity on Coinbase without providing my SSN?

4 answers

  • avatarDec 27, 2021 · 3 years ago
    Unfortunately, Coinbase requires users to provide their SSN for identity verification purposes. This is to comply with regulatory requirements and ensure the security of the platform. However, Coinbase takes privacy and security seriously and has implemented measures to protect user data. If you're concerned about sharing your SSN, you can explore other cryptocurrency exchanges that may have different verification processes.
  • avatarDec 27, 2021 · 3 years ago
    Hey there! I totally get your concern about sharing your SSN. While Coinbase does require SSN for identity verification, there are some alternative methods you can consider. One option is to use a government-issued ID, such as a passport or driver's license, to verify your identity. Another option is to use a trusted third-party identity verification service that Coinbase accepts. These services may require additional information, but they provide an extra layer of security and privacy.
  • avatarDec 27, 2021 · 3 years ago
    As an expert at BYDFi, I can tell you that Coinbase is quite strict when it comes to identity verification. They require users to provide their SSN as part of their compliance procedures. However, if you're uncomfortable with that, you can try using other exchanges that offer alternative verification methods. Some exchanges may accept alternative documents or use different identity verification services. Just make sure to do your research and choose a reputable exchange.
  • avatarDec 27, 2021 · 3 years ago
    Coinbase is a popular cryptocurrency exchange, but they do require users to provide their SSN for identity verification. This is to ensure compliance with regulations and prevent fraud. If you're uncomfortable with sharing your SSN, you can explore other exchanges that may have different verification processes. Keep in mind that identity verification is an important security measure for exchanges, so it's essential to choose a platform that prioritizes user safety.