Is it safe to give Coinbase my SSN? – Quora. In my opinion, yes, it is safe to give Coinbase your social security number. You must consider that opening an account at Coinbase actually is no different than opening a bank account. They must have your tax id for the purpose of reporting to the IRS.
Is it safe to put your SSN on Coinbase?
Coinbase says that all of its customer deposits are insured, although they are not protected by the Federal Deposit Insurance Corporation or the SIPC. Compared to most crypto exchanges, it is relatively safe.
Is it safe to give Coinbase your info?
Our primary purpose in collecting personal information is to provide you with a secure, efficient, and customized experience. Additionally, verifying your identity helps to prevent fraud from occurring on our platform. We will never sell or rent your personal information to third parties.
Do I need my SSN for Bitcoin?
Every cryptocurrency platform operating in the United States will ask for your SSN if you’re a U.S. citizen or resident.
Does crypto need SSN?
If you’re linking a bank account in the United States, you’ll be prompted to enter Know Your Customer (KYC) details to verify your identity, including your name, contact information, and Social Security number. Fully verified users can deposit funds and make withdrawals up to Crypto.com’s daily and monthly limits.
Is giving Coinbase your ID safe?
Can I trust Coinbase with my ID? Yes, as much as I hate to say it, they are one of the few Cryptocurrency Exchanges that you can trust with fully protecting your KYC data to the best of their ability. Coinbase added that it had never been hacked.
Will Coinbase refund if hacked?
You can contact Coinbase customer support over the phone if you think that your account has been compromised and if you want to request a refund for the unauthorized or incorrect transaction. To get in touch with the company’s customer care reps, dial: +1 888 908-7930 (U.S./International)
Why you should not use Coinbase?
Transacting bitcoins on Coinbase may be worse for privacy than even PayPal. And it’s because you also compromise the privacy of people who transacted with you. Then there’s the issue of high fees. Coinbase’s convenience and ease of use come at a cost: when you buy bitcoins, the fee is 1.49% to 3.99%.
Does Coinbase require ID?
As a regulated financial services company, Coinbase is required to identify the users on our platform. Per the Coinbase User Terms, we require all customers to verify their identity to continue using our service.
Should I give SSN to Binance?
BAM Trading Services operates Binance.US, which licenses Binance’s trading and wallet tech. The details: Binance.US launched account registration on Sept. 18. To receive verification, users must give their government-issued ID and social security number and pass know-your-customer checks.
Does trust wallet require SSN?
No, you don’t need an identity verification for using a trust wallet.