Coinbase · Coinbase Privacy Policy · View original document ↗

Extensive KYC/Identity Data Collection

High severity Unique · 0 of 325 platforms
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Document Record

What it is

Coinbase collects your government ID, passport, tax ID number, date of birth, and bank account details as part of its mandatory identity verification process — you cannot use most Coinbase services without providing this information.

This analysis describes what Coinbase's agreement states, permits, or reserves. It does not constitute a legal determination about enforceability. Regulatory applicability and practical outcomes may vary by jurisdiction, enforcement context, and individual circumstances. Read our methodology

ConductAtlas Analysis

Why it matters (compliance & governance perspective)

The collection framework establishes the informational foundation for regulatory compliance, account verification, and anti-money laundering obligations. The provision ties data collection to both user-initiated feature selection and applicable legal requirements, creating conditional collection triggers based on jurisdictional obligations and service tier access.

Consumer impact (what this means for users)

To use Coinbase's trading services, you must provide passport or driver's license data, your tax identification number, and financial account details, which collectively constitute a high-value target for data breaches and create a comprehensive identity and financial profile held by Coinbase.

What you can do

⚠️ These actions may provide transparency or partial mitigation but may not fully address the underlying issue. Effectiveness varies by jurisdiction and individual circumstances.
  • Export Your Data
    Go to privacy.coinbase.com and submit a 'Download My Data' or 'Access My Data' request to see all KYC and identity information Coinbase holds about you. You will need to verify your identity to complete this request.

How other platforms handle this

Roblox Medium

Your use of the Services is also governed by our Privacy Policy, which is incorporated into these Terms by reference. By using the Services, you consent to the data collection and use practices described in the Privacy Policy. Roblox collects information you provide directly, information collected a...

Best Buy Medium

We collect information about you in a variety of ways depending on how you interact with us and our products and services. This includes information you provide directly, information we collect automatically when you use our services, and information we receive from third parties. We may collect ide...

Tabnine Medium

Tabnine may collect and use technical data and related information, including but not limited to technical information about your device, system and application software, and usage data regarding your use of the Services (including code completion statistics and plugin interaction data), to facilita...

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▸ View Original Clause Language DOCUMENT RECORD
"
We collect personal information you provide to us such as name, address, email address, and phone number. If you choose to use certain features, you may also provide financial account information, identification documents such as passport or driver's license, tax identification numbers, date of birth, and other information required by applicable law.

— Excerpt from Coinbase's Coinbase Privacy Policy

ConductAtlas Analysis

Institutional analysis (Compliance & governance intelligence)

REGULATORY FRAMEWORK: KYC identity data collection is mandated by the Bank Secrecy Act (31 U.S.C. §5318), FinCEN's Customer Identification Program rules (31 C.F.R. §1020.220), OFAC compliance requirements, and applicable state money transmitter laws. It simultaneously implicates GDPR Arts. 5 (data minimization), 6(1)(c) (legal obligation as lawful basis), and 9 (special category data for biometrics and potentially health/financial data); CCPA/CPRA sensitive personal information provisions for government IDs and financial account numbers; and IRS reporting obligations (Form 1099-DA for digital asset brokers, effective 2025). Primary enforcers: FinCEN, IRS, state money transmitter regulators, FTC, EU DPAs.

Full compliance analysis

Regulatory citations, enforcement risk, and due diligence action items.

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Applicable agencies

  • CFPB
    The CFPB has authority over financial data collection and security practices by financial services companies and can investigate inadequate data security for sensitive financial and identity information.
    File a complaint →
  • FTC
    The FTC has enforcement authority over inadequate security for sensitive consumer data including government IDs and financial information under FTC Act Section 5 and the Safeguards Rule.
    File a complaint →

Applicable regulations

CCPA/CPRA
California, USA
Connecticut Data Privacy Act Amendments
US-CT
CAN-SPAM
United States Federal
ePrivacy Directive
European Union
FCRA
United States Federal
FTC Act Section 5
United States Federal
GDPR
European Union
GLBA
United States Federal
Indiana Consumer Data Protection Act
US-IN
Kentucky Consumer Data Protection Act
US-KY
TCPA
United States Federal
UK GDPR
United Kingdom
Universal Opt-Out Mechanism Expansion 2026
US

Provision details

Document information
Document
Coinbase Privacy Policy
Entity
Coinbase
Document last updated
May 5, 2026
Tracking information
First tracked
April 3, 2026
Last verified
April 4, 2026
Record ID
CA-P-002041
Document ID
CA-D-00048
Evidence Provenance
Source URL
Wayback Machine
Content hash (SHA-256)
e2d4eaa6ef636c27b1f2eeda89403a21fabbd0722c16e0f34e9c2f754985ff07
Analysis generated
April 3, 2026 08:57 UTC
Methodology
Evidence
✓ Snapshot stored   ✓ Hash verified
Citation Record
Entity: Coinbase
Document: Coinbase Privacy Policy
Record ID: CA-P-002041
Captured: 2026-04-03 08:57:19 UTC
SHA-256: e2d4eaa6ef636c27…
URL: https://conductatlas.com/platform/coinbase/coinbase-privacy-policy/extensive-kycidentity-data-collection/
Accessed: May 20, 2026
Permanent archival reference. Stable identifier suitable for legal filings, compliance documentation, and research citation.
Classification
Severity
High
Categories

Other risks in this policy

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Frequently Asked Questions

What does Coinbase's Extensive KYC/Identity Data Collection clause do?

The collection framework establishes the informational foundation for regulatory compliance, account verification, and anti-money laundering obligations. The provision ties data collection to both user-initiated feature selection and applicable legal requirements, creating conditional collection triggers based on jurisdictional obligations and service tier access.

How does this clause affect you?

To use Coinbase's trading services, you must provide passport or driver's license data, your tax identification number, and financial account details, which collectively constitute a high-value target for data breaches and create a comprehensive identity and financial profile held by Coinbase.

Is ConductAtlas affiliated with Coinbase?

No. ConductAtlas is an independent monitoring service. We are not affiliated with, endorsed by, or sponsored by Coinbase.