How does Coinbase handle the display of sender's name when sending bitcoins?

When sending bitcoins on Coinbase, how does the platform handle the display of the sender's name? Does it show the actual name of the sender or is it anonymous?

3 answers
- When you send bitcoins on Coinbase, the platform does not display the actual name of the sender. Instead, it uses a unique identifier associated with the sender's account. This helps to maintain a level of anonymity and privacy for users. So, don't worry, your name won't be revealed to the recipient! 😊
Mar 22, 2022 · 3 years ago
- Coinbase takes privacy seriously when it comes to sending bitcoins. The platform uses a pseudonymous system, where the sender's name is not directly displayed. Instead, a unique identifier is used to represent the sender. This helps to protect the privacy of users and prevent the direct association of real names with bitcoin transactions.
Mar 22, 2022 · 3 years ago
- At BYDFi, a different digital currency exchange, the display of the sender's name when sending bitcoins is handled similarly. The platform also uses a unique identifier instead of the actual name of the sender. This ensures the privacy and security of users' transactions. So, whether you're using Coinbase or BYDFi, your name will remain anonymous during bitcoin transactions.
Mar 22, 2022 · 3 years ago
Related Tags
Hot Questions
- 92
What are the best practices for reporting cryptocurrency on my taxes?
- 91
How can I minimize my tax liability when dealing with cryptocurrencies?
- 87
What is the future of blockchain technology?
- 70
How can I protect my digital assets from hackers?
- 68
What are the tax implications of using cryptocurrency?
- 48
How does cryptocurrency affect my tax return?
- 44
Are there any special tax rules for crypto investors?
- 15
How can I buy Bitcoin with a credit card?