Why am I being asked to go through Identity Verification? 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.
Read moreIs Coinbase a safe app?
Coinbase takes extensive security measures to ensure your account and cryptocurrency investment remains as safe as possible , but ultimately, security is a shared responsibility. Here are some actionable steps that you can take to help safeguard your investment and keep your account safe from unauthorized access.
Read moreIs Coinbase safe and secure?
Coinbase takes extensive security measures to ensure your account and cryptocurrency investment remains as safe as possible , but ultimately, security is a shared responsibility. Here are some actionable steps that you can take to help safeguard your investment and keep your account safe from unauthorized access.
Read moreShould we trust Coinbase?
Coinbase offers a secure way to invest and trade with cryptocurrencies . Coinbase supports dozens of currencies, including Bitcoin and Ethereum. The main Coinbase platform features a beginner-friendly interface. Any Coinbase user can access low fees and more features through Coinbase Pro.
Read moreShould I keep my money in Coinbase or Coinbase wallet?
It’s much safer to keep crypto in a Coinbase wallet than on Coinbase Pro . Users with a Coinbase Pro account need to put a high degree of trust in Coinbase itself, as it will hold the user’s funds in its own custodial wallets, much like a bank holds funds for its customers.
Read moreShould I hold my crypto on Coinbase?
As mentioned previously, it is not wise to keep large amounts of cryptocurrency in any hot wallet, especially an exchange account . Instead, it is suggested that you withdraw the majority of funds to your own personal “cold” wallet (explained below). Exchange accounts include Coinbase, Gemini, Binance, and many others.
Read moreCan I trust Coinbase with my SSN?
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.
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