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Question Regarding Exchanges Wanting Info (lemmy.ml)

submitted 3 years ago by [email protected] to c/[email protected]

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I have been interested in getting into small amounts of Bitcoin for a while now and finally decided to begin today. Looking at exchanges I was going to settle on Coinbase but so far they want my phone number; drivers license info; address; and who knows what else if I get past that. Is this normal ? I feel like it's going to want to a DNA swab next and I haven't even gotten to make a single trade yet. I'm in Canada if that matters.

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[–] [email protected] 0 points 3 years ago

They'll only ask for the swab once you try and get your money out.

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