why does coinbase need your phone number

Last Updated on August 10, 2022 by

2-Step verification troubleshooting – Coinbase Help

2-Step verification troubleshooting – Coinbase Help

If you're using SMS verification You'll need the mobile device and phone number associated with your Coinbase account in hand in order to successfully complete 2-step verification.

How can I contact Coinbase Support?

How can I contact Coinbase Support?

Live phone support ; USA/International, +1 (888) 908-7930, +1 (844) 613-1499, 24/7 ; UK, +44 808 168 4635, +44 151 308 1768, 8 a.m.-9 p.m. GMT, daily ; Ireland …

Landlines and 2-step verification – Coinbase Help

Landlines and 2-step verification – Coinbase Help

Landlines and 2-step verification · Sign in to the Coinbase website with your username and password. · Click I need help > I need to update my phone number.

2-step verification troubleshooting – Coinbase Help

2-step verification troubleshooting – Coinbase Help

I have a new phone number and still have my old number · Sign in to your account with your username, password, and 2-step verification code from your old number.

Coinbase & Your Phone Number – Reddit

Coinbase & Your Phone Number – Reddit

Coinbase wants your phone # as part of identity verification/sign-up/spam or bot reduction. It’s a field in your account profile that can’t be …

How to Create a Coinbase Account without a Phone Number

How to Create a Coinbase Account without a Phone Number

Your phone number is an important way through which online services can get you. · Your device will be flooded with so many marketing messages.

How to get access to my Coinbase account without … – Quora

How to get access to my Coinbase account without … – Quora

To change your phone number on Coinbase, you need to navigate to the Coinbase Account Recovery page. To do so, you need to tap on the I have a new phone number …

Coinbase users slam new customer service phone support

Coinbase users slam new customer service phone support

Coinbase in August set up a phone number for customers locked out of their accounts in response to criticism of its email system.

How to Change Your Phone Number on Coinbase – Followchain

How to Change Your Phone Number on Coinbase – Followchain

Tap on “I have a new phone number”

How To Change Phone Number / Email Address On Coinbase?

How To Change Phone Number / Email Address On Coinbase?

Coinbase requires a phone number for all users before depositing any funds. If you are planning to purchase cryptocurrency using Coinbase, then …

Why is Coinbase asking for personal information?

At Coinbase, we collect personal information that is necessary to provide you with our services. This primarily includes data we collect because it 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.

How safe is Coinbase?

At Coinbase, we're committed to security by using industry best practices and storing up to 97% of bitcoins in encrypted, geographically separated, offline storage. To further protect our customers, all of the bitcoins stored in online computers are insured.

How do I unlink a phone number from Coinbase?

I have a new phone number and still have my old number

1. Sign in to your account with your username, password, and 2-step verification code from your old number.
2. Go to your Security Settings page.
3. Verify your new phone number.
4. Set your new phone number as the Primary number.
5. (optional) Delete your old number.

What phone number does Coinbase use?

+1 (888) 908-7930
Live phone support

	Toll-free phone number	Hours of operation
USA/International	+1 (888) 908-7930	24/7
UK	+44 808 168 4635	8 a.m.-9 p.m. GMT, daily
Ireland	1800 200 355	8 a.m.-9 p.m. GMT, daily
India	000 8000503236	9 a.m.-6 p.m. IST, Monday-Friday

Is it safe to give Coinbase your social?

Is it safe to give Coinbase my Social Security Number? My answer here is yes, it's safe to enter the last four of your social into Coinbase when setting up an account. First off, Coinbase actually doesn't ask for your full social- just the last four digits.

Should I put my real name in Coinbase?

If you don't verify your identity, your account will be restricted. Coinbase will help you in any way that we can to ensure you can verify your identity.

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%.

Is Coinbase safe with my bank account?

At Coinbase we go to great lengths to keep all of your sensitive information safe. Account numbers and routing numbers are stored using bank level AES-256 encryption on our servers. In addition, all traffic goes over SSL to prevent third parties from eavesdropping on your connection.

Can someone hack my Coinbase?

Coinbase has disclosed that hackers successfully stole cryptocurrency from at least 6,000 customers this spring, partly by exploiting a flaw in the cryptocurrency exchange's two-factor authentication system.

How do I bypass Coinbase ID verification?

There is no way to bypass Coinbase ID Verification. It may be possible that your account is locked for 24 hours to complete Coinbase ID verification. So, unfortunately, there is no way to bypass the Coinbase ID verification restriction so wait for 24 hours and try again.

What happens to Coinbase wallet if I lose my phone?

If you lose your device or get signed out of the app, you can easily regain access to your funds with the combination of your personal cloud account (iCloud or Google Drive) and your password. Coinbase will not have access to your password or funds at any time, preserving your privacy and control.

Why is Coinbase asking for my Social Security number?

TL;DR- the answer is threefold: anti-money laundering, account security, and tax purposes. Technically speaking, they're only asking for the last four of your social security number. When registering with Coinbase in the US, the exchange will prompt you to hand over your personal information.

Can I use a fake name on Coinbase?

They can pay as little as $150 on the black market for a ready-to-use, verified account in someone else's name at Coinbase Pro, Binance US, Kraken or numerous other exchanges, a CoinDesk investigation found.

Can I use Coinbase without 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.

Is there a downside to Coinbase?

The biggest downside to Coinbase is its fees, which can be higher than some other exchanges. However, for most general investors, they're a small price to pay for the convenience, range of features, and security you'll get in return.

Why did Coinbase take money out of my account?

You are seeing a charge on your statement because someone connected your bank account on our website and used it to purchase bitcoin (a digital currency). If you don't recognize this charge, it's possible that someone has connected your bank account without your permission. Read on to find the best way to resolve this.

Is it better to link bank account or debit card to Coinbase?

If you choose to link your debit card for example, Coinbase will save the credit card number saving you time on the next instance where you buy crypto on Coinbase with your debit card. Linking your bank account on the other hand, has the benefit of “avoiding processing delays” according to Coinbase.

Can Coinbase drain your bank account?

A growing number of Coinbase customers are complaining that the cryptocurrency exchange withdrew unauthorized money out of their accounts. In some cases, this drained their linked bank accounts below zero, resulting in overdraft charges.

Does Coinbase refund if hacked?

Here's the good news up front: Coinbase secures the majority of its digital assets with crime insurance, and will refund you if your account has been compromised. Even if your funds were lost due to negligence or personal error, they might still refund your account.

What happens if I dont verify my Coinbase account?

If you don't verify your identity, your account will be restricted. Coinbase will help you in any way that we can to ensure you can verify your identity.