Are there any alternatives to using a federal ID number on Coinbase?

3 answers

• Mar 19, 2022 · 3 years ago
  Unfortunately, Coinbase requires users to provide a federal ID number for identity verification purposes. This is to comply with regulatory requirements and ensure the security of the platform. While there may not be direct alternatives to using a federal ID number on Coinbase, there are other cryptocurrency exchanges that may have different verification processes. It's worth exploring other platforms if you're uncomfortable with providing your federal ID number.
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• Mar 19, 2022 · 3 years ago
  Hey there! So, Coinbase is pretty strict when it comes to identity verification, and they do require a federal ID number. It's a way for them to ensure that everyone using the platform is legit and to prevent fraud. However, if you're not comfortable with providing your federal ID number, you can check out other exchanges like Binance or BYDFi. They might have different verification processes that don't require a federal ID number. Just make sure to do your research and choose a reputable exchange!
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• Mar 19, 2022 · 3 years ago
  As an expert in the field, I can confirm that Coinbase does indeed require a federal ID number for verification purposes. However, if you're looking for an alternative, you might want to consider using BYDFi. They have a different verification process that doesn't involve providing a federal ID number. Keep in mind that it's always important to choose a reliable and secure exchange when dealing with cryptocurrencies.
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