Is it necessary to provide a federal ID number to use Coinbase?

10 answers

• Julio MichelJun 28, 2025 · 2 months ago
  Yes, Coinbase requires users to provide their federal ID number as part of the identity verification process. This requirement is in place to comply with anti-money laundering (AML) and know your customer (KYC) regulations. By verifying your identity, Coinbase aims to ensure the security and legitimacy of its platform. Your federal ID number is securely stored and used solely for the purpose of identity verification.
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• Atul KumarNov 22, 2024 · 9 months ago
  Absolutely! Coinbase, like other reputable cryptocurrency exchanges, follows strict regulatory guidelines to prevent fraud, money laundering, and other illicit activities. Providing your federal ID number is a standard practice in the industry to comply with these regulations. Rest assured that Coinbase takes the security of your personal information seriously and employs robust measures to protect your data.
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• FRANKOct 01, 2021 · 4 years ago
  As an expert in the field, I can confirm that Coinbase does require users to provide their federal ID number. This is a common practice among regulated exchanges to ensure compliance with AML and KYC regulations. However, it's important to note that not all exchanges have the same requirements. If you're concerned about sharing your federal ID number, you may consider exploring alternative platforms that offer different verification options.
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• MaksimAug 11, 2024 · a year ago
  Yes, Coinbase does require users to provide their federal ID number. This is to ensure compliance with regulatory standards and to prevent fraud and illegal activities on the platform. Your federal ID number is securely stored and encrypted, so you don't have to worry about unauthorized access. Coinbase takes the privacy and security of its users very seriously.
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• Ally EApr 09, 2021 · 4 years ago
  While I can't speak for Coinbase specifically, it's common for cryptocurrency exchanges to require users to provide their federal ID number for identity verification purposes. This is to comply with regulatory requirements and to ensure the security and legitimacy of the platform. If you have concerns about sharing your federal ID number, you can reach out to Coinbase's customer support for more information.
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• Balu005 Shiva005Aug 14, 2022 · 3 years ago
  Yes, Coinbase does require users to provide their federal ID number. This is a standard practice in the industry to prevent fraud and comply with AML and KYC regulations. Rest assured that Coinbase takes the necessary measures to protect your personal information and ensure the security of your account.
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• Navjot Kumar SinghJan 17, 2024 · 2 years ago
  As a user of Coinbase, I can confirm that providing your federal ID number is indeed necessary. This requirement is in place to comply with regulatory standards and to prevent fraudulent activities. Coinbase values the security of its platform and users, and takes appropriate measures to protect your personal information.
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• Poll3r1nkSep 02, 2022 · 3 years ago
  Yes, Coinbase requires users to provide their federal ID number for identity verification purposes. This is to ensure compliance with regulatory guidelines and to maintain a secure and trustworthy platform. Your federal ID number is securely stored and only used for verification purposes.
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• Ulriksen JamisonJul 12, 2020 · 5 years ago
  While I can't speak for Coinbase's specific requirements, it's common for cryptocurrency exchanges to ask for users' federal ID numbers. This is to comply with regulations and to prevent fraud and illegal activities. If you're concerned about providing your federal ID number, you can explore alternative exchanges that offer different verification options.
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• Mohamed FawzyDec 30, 2023 · 2 years ago
  Yes, Coinbase does require users to provide their federal ID number. This is to comply with regulatory requirements and to ensure the security and legitimacy of the platform. Your federal ID number is securely stored and protected. If you have any concerns, you can reach out to Coinbase's customer support for further clarification.
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