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.
For that reason, is it safe to add bank account to Coinbase?
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. ... You may use a temporary password without losing access to Coinbase buy and sell services using the verified bank account.
In any event, can you buy dash on Coinbase? Announcement. As of Septem, Coinbase has added Dash (DASH) to our supported assets. Coinbase customers in qualifying countries will now be able to buy, sell, send, and receive Dash (DASH).
Further to this, can you buy Bitcoin instantly on Coinbase?
You can buy digital currency instantly using a debit card. Additionally, you may purchase digital currency using funds held in your Coinbase USD Wallet. Any of these methods allows you to wait seconds instead of days to receive your digital currency. ... Holidays and weekends are not counted as business days.
Is it safe to buy on Coinbase?
– when talking about how safe is Coinbase, we must also mention that Coinbase stores the vast majority of the digital assets in secure offline storage and the cryptocurrency stored in their servers is covered by their insurance policy: “Coinbase prioritizes the security of our customer's funds, all digital currency ...