Coinbase does require that you provide your Social Security number to them when opening an account on their platform. They use your SS# for several reasons such as checking your background information, tax reporting purposes as well as to comply with anti- money laundering laws of the United States.
In every case, can Cryptocurrency be traced?
Q: Is bitcoin traceable? A: Every bitcoin transaction since the network launched in 2009—billions of them—has been recorded and stored in a permanent, inalterable public ledger, which anybody can view and analyze at any time.
Add on, did Coinbase get hacked? So, yep, it happened to me. Sucks, but it happened. I lost a few thousand in different crypto on Coinbase. It was definitely a sim swap attack.
In addition to that, who owns the Blockchain?
The answer is that no one really owns Blockchain technology, although specific and individual Blockchains can be owned by different organisations.
How secure is Cryptocurrency?
You store your cryptocurrency in a digital wallet. Cryptocurrency got its name because it uses encryption to verify transactions. This means advanced coding is involved in storing and transmitting cryptocurrency data between wallets and to public ledgers. The aim of the encryption is to provide security and safety.