Should we stop using Coinbase?

First KuCoin, now Coinbase, what next?

I like Coinbase. I think it has its issues but, generally speaking, it’s a safe place for your assets.

I guess that explains why I’ve got $25 worth of Coinbase at the moment.

But all jokes aside, I’m a bit mad at CB this morning because, for the umpteenth time, I’ve been asked to verify my account.

There’s a message, superimposed at the top of my screen, that reads: “Verify by Jan 05, 2024 or your account will be restricted to withdrawals only”.

So I clicked ‘Verify Now’, and to be honest I’m lost.

They’re asking for my Tax ID.

Now, obviously Coinbase knows where I’m based, so I know what they mean by that.

But I’m still bothered.

Chiefly because, in my country, your Tax ID is only relevant if you’ve got a business, which I don’t.

So what do they need it for?

I don’t know. This is kinda getting out of hand and it’s annoying.

KuCoin is now asking users to KYC, Binance has already asked me to get verified twice. What next?

This article was crossposted on Publish0x.

bitcoinea