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Are there any alternatives to providing Coinbase with the last 4 digits of my SSN?

avatarsophieggwelchivDec 28, 2021 · 3 years ago3 answers

I am hesitant to provide Coinbase with the last 4 digits of my Social Security Number (SSN). Are there any alternative methods of identity verification that Coinbase offers?

Are there any alternatives to providing Coinbase with the last 4 digits of my SSN?

3 answers

  • avatarDec 28, 2021 · 3 years ago
    Coinbase requires the last 4 digits of your SSN as part of their identity verification process. However, if you are uncomfortable providing this information, you can explore other cryptocurrency exchanges that may have different verification requirements. It's important to research and choose a reputable exchange that aligns with your comfort level regarding personal information.
  • avatarDec 28, 2021 · 3 years ago
    While Coinbase is a popular and trusted cryptocurrency exchange, it's understandable to have concerns about sharing sensitive information. One alternative to consider is using a decentralized exchange (DEX) that doesn't require the same level of personal information. DEXs operate on blockchain technology and allow for peer-to-peer trading without the need for a centralized authority to hold your funds.
  • avatarDec 28, 2021 · 3 years ago
    At BYDFi, we understand the importance of privacy and security. We have implemented a multi-step verification process that ensures the safety of our users' accounts without requiring the last 4 digits of your SSN. Our verification process includes document verification and facial recognition technology, providing a secure and efficient way to verify your identity. Join BYDFi today and experience a seamless and secure trading experience.