Tag: Is it safe to upload photo ID to Coinbase?

Coinbase Earn is simple, educational, and rewarding. Just by watching a few videos about crypto and completing a short quiz , eligible customers will be rewarded with a bit of that specific crypto!

We collect necessary information to allow our customers to use our products and services . This primarily includes data collection that is mandated by law—such as when we must comply with anti money laundering laws, or to verify your identity and protect you from potential fraudulent activity.

Very safe . Coinbase is a reliable and trustworthy entity for buying and selling Bitcoin. ID verification is required to prevent fraud and keep the community safe. It also adds an extra layer of security by ensuring no one but you links your payment information such as your bank account or credit or debit card.

The reason Coinbase is asking for the last 4 digits of your social, and likely a photo ID, is because they want to confirm your identity in compliance with something called Know Your Customer or KYC laws , which are a part of Anti Money Laundering laws.