What are the steps to use Coinbase without giving SSN?
Curran KoefoedDec 27, 2021 · 3 years ago3 answers
Can I use Coinbase without providing my Social Security Number (SSN)? If so, what are the steps to do so?
3 answers
- Dec 27, 2021 · 3 years agoUnfortunately, Coinbase requires users to provide their SSN for identity verification purposes. This is to comply with regulatory requirements and ensure a safe and secure platform for all users. Without providing your SSN, you will not be able to fully use Coinbase.
- Dec 27, 2021 · 3 years agoNope, you can't use Coinbase without giving your SSN. They have strict KYC (Know Your Customer) policies in place to prevent fraud and ensure compliance with regulations. So, if you want to use Coinbase, you'll have to provide your SSN during the registration process.
- Dec 27, 2021 · 3 years agoWhile Coinbase does require users to provide their SSN, there are alternative platforms that may not have the same requirement. For example, BYDFi is a decentralized exchange that allows users to trade cryptocurrencies without the need for KYC verification. However, it's important to note that BYDFi may have different limitations and risks compared to centralized exchanges like Coinbase.
Related Tags
Hot Questions
- 72
What are the advantages of using cryptocurrency for online transactions?
- 64
How can I buy Bitcoin with a credit card?
- 60
How does cryptocurrency affect my tax return?
- 60
What are the best digital currencies to invest in right now?
- 55
What are the best practices for reporting cryptocurrency on my taxes?
- 41
How can I protect my digital assets from hackers?
- 21
What is the future of blockchain technology?
- 16
Are there any special tax rules for crypto investors?