does coinbase ask for id

Coinbase, a cryptocurrency exchange platform, has been asking for identification in recent years. As of March 2021, Coinbase users must provide proof of identity in order to use the platform. This has raised questions about the privacy and security of user data on the platform. The company has defended itself, stating that it does not ask for identification to provide services, but rather to ensure that only users who are known to be fraudulent are allowed to use the platform. While the platform has made changes to comply with new laws, it is important to consider the implications of this request on user privacy and security.