Can I activate Coinbase without providing personal information?

3 answers

• Jan 13, 2022 · 3 years ago
  Unfortunately, Coinbase requires users to provide personal information in order to comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. This includes verifying your identity by submitting a government-issued ID and confirming your address. This is a standard practice in the cryptocurrency industry to ensure the security and legitimacy of transactions.
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• Jan 13, 2022 · 3 years ago
  No, Coinbase, like most reputable cryptocurrency exchanges, requires users to go through a verification process to prevent fraud and ensure compliance with regulatory requirements. Providing personal information is necessary to protect the platform and its users from illicit activities such as money laundering and identity theft.
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• Jan 13, 2022 · 3 years ago
  While Coinbase does require personal information for account activation, there are other cryptocurrency exchanges that offer more privacy-focused options. For example, BYDFi allows users to create an account without providing personal information, offering a decentralized and anonymous trading experience. However, it's important to note that BYDFi may have its own set of regulations and limitations, so it's crucial to do thorough research before choosing an exchange.
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