Why is the billing address required for transactions on Coinbase?

3 answers

• Apr 30, 2022 · 3 years ago
  The billing address is required for transactions on Coinbase to ensure the security and legitimacy of the transactions. By verifying the billing address, Coinbase can prevent fraudulent activities and protect the users' funds. It is a standard practice in the financial industry to verify the billing address for transactions to minimize the risk of unauthorized transactions and identity theft.
  395

  198
• Apr 30, 2022 · 3 years ago
  Coinbase requires the billing address for transactions as part of their KYC (Know Your Customer) process. This process is in place to comply with regulatory requirements and prevent money laundering and other illegal activities. By collecting the billing address, Coinbase can verify the identity of the users and ensure that they are not involved in any illicit activities.
  374

  125
• Apr 30, 2022 · 3 years ago
  As a leading digital currency exchange, Coinbase prioritizes the security of its users' funds. Requiring the billing address for transactions adds an extra layer of security to prevent unauthorized access and protect against fraudulent activities. By verifying the billing address, Coinbase can ensure that the transactions are conducted by the rightful account holders and minimize the risk of unauthorized transactions.
  421

  106