Coinbase · Coinbase Privacy Policy · View original document ↗

Sensitive Financial Data Collection (SSN, Bank Accounts, Tax Information)

High severity Unique · 0 of 343 platforms
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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)

This provision establishes the scope of sensitive personal financial information the platform is authorized to collect and process. The collection of tax identification and banking information is operationally necessary for identity verification and regulatory compliance in financial services.

Clause Stability Stable

0
Changes
3
Months Monitored
Apr 28, 2026
First Seen
Apr 28, 2026
Last Seen
This clause type exists across 967 other provisions on other platforms.

Consumer impact (what this means for users)

Users operating the Coinbase service must provide sensitive financial identifiers and banking details as a condition of account verification and transaction processing. The terms authorize collection and use of this data for stated purposes including identity verification, transaction processing, and regulatory compliance.

How other platforms handle this

Paramount+ Medium

"By clicking 'Next', you are indicating that you have read and agree to the TERMS OF USE AND PRIVACY POLICY"

OpenAI Medium

We automatically collect certain information from your device, including information about your web browser, IP address, time zone, and some of the cookies that are installed on your device. Additionally, as you browse the Service, we collect information about the individual web pages or products th...

Microsoft Azure Medium

Location data. Data about your device's location, which can be either precise or imprecise. For example, we collect location data using Global Navigation Satellite System (GNSS) (e.g., GPS) and data about nearby cell towers and Wi-Fi hotspots. Location can also be inferred from a device's IP address...

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▸ View Original Clause Language DOCUMENT RECORD
"
We collect personal financial information from you in connection with providing our Services, including: your Social Security number or taxpayer identification number, bank account and routing numbers, credit or debit card information, financial statements, tax identification information, and information about your source of funds. This information is used to verify your identity, process transactions, comply with legal obligations, and to provide and improve our Services.

— Excerpt from Coinbase's Coinbase Privacy Policy

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
May 9, 2026
Last verified
May 12, 2026
Record ID
CA-P-003941
Document ID
CA-D-00048
Evidence Provenance
Source URL
Wayback Machine
Content hash (SHA-256)
9f0565aa17e055fd83bf764cba2bfd8ee0bfb4068429e611e0ecdd002d63925e
Analysis generated
May 9, 2026 21:10 UTC
Methodology
Evidence
✓ Snapshot stored   ✓ Hash verified
Citation Record
Entity: Coinbase
Document: Coinbase Privacy Policy
Record ID: CA-P-003941
Captured: 2026-05-09 21:10:12 UTC
SHA-256: 9f0565aa17e055fd…
URL: https://conductatlas.com/platform/coinbase/coinbase-privacy-policy/sensitive-financial-data-collection-ssn-bank-accounts-tax-information/
Accessed: June 19, 2026
Permanent archival reference. Stable identifier suitable for legal filings, compliance documentation, and research citation.
Classification
Severity
High
Categories

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Built from archived source documents, structured governance mappings, and historical version tracking.

Frequently Asked Questions

What does Coinbase's Sensitive Financial Data Collection (SSN, Bank Accounts, Tax Information) clause do?

This provision establishes the scope of sensitive personal financial information the platform is authorized to collect and process. The collection of tax identification and banking information is operationally necessary for identity verification and regulatory compliance in financial services.

How does this clause affect you?

Users operating the Coinbase service must provide sensitive financial identifiers and banking details as a condition of account verification and transaction processing. The terms authorize collection and use of this data for stated purposes including identity verification, transaction processing, and regulatory compliance.

Is ConductAtlas affiliated with Coinbase?

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