Bitcoin Forum

The popular Bitcoin exchange and wallet provider, Coinbase, has begun asking for LinkedIn information as part of their ‘Know Your Customer’ programme, for users who use the platform for trading.

I see it more like "Screw users privacy" programme .

See more info : http://cointelegraph.com/news/coinbase-asks-users-for-linkedin-info-citing-know-your-customer-policy

I'm pretty sure having someone's name and photo id to prove it is them is more than enough to be in accordance of any KYC laws. But hey, if you can take an arm and a leg from someone why not go for the rest?

This will only get worse. Anyone expecting any sort of privacy beyond their local Bitcoin wallet is delusional, your privacy ends as soon as your Bitcoins enter a website that doesn't let you to use a VPN/TOR and that asks for your details, but that's what you get if you want total mainstream adoption I guess. You can always bypass it if you really want to tho.

This is why I use private buyers when I want to sell BTC for any fiat. If a private buyer asks me for a strand of my dna then I can simply go to another one.

They already tie you to a phone number, bank account and physical address for their verification process. LinkedIn as well? That just seems invasive, not only is there absolutely no need for integration or association between these two services (I don't think people routinely transact on LinkedIn, but I could be wrong). Also, LinkedIn is non verified, user submitted info, why is it even useful? If they were gonna offer this maybe it would have been better with Facebook, or Google +

Have any of you bothered to look at your calendar yet today?

There sure are some pretty gullible people on this forum.

This is a little much.  This seems to be happening more. I am thinking of some apps or websites that you cannot sign up for unless through your facebook account. This will be the norm soon where social media accounts will be a part of identification.

was taking Personal identification not enough.
For what the fuck they made customer to fill KYC form if still they don't  Know their customer. Today is LinkedIn account tomorrow will be Tinder account.

Depends on timezone,if he is after a Euro goat he is the fool,if he is American he be safe to go after goat.

I think coinbase is going to pretend like paypal, just like paypal is annoying its users on a number of things.

But for coinbase I have a suggestion; that people will leave you, so stay competitive with bitcoin wallets

Is this an April Fool's joke?  :D I think it's a bit cheeky of Coinbase to be asking for users LinkedIn accounts on top of the already submitted KYC info. By the way the article recommends using Mycelium Trader and Paxful due to their lowered personal identification requirements. I didn't know about  Paxful and I am going to check it out right now. It's great when I am finding out about new Bitcoin exchanges.

That is definitely no April fool hoax!
There was a discussion about that on reddit already 4 days ago.

https://www.reddit.com/r/uᴉoɔʇᴉq/comments/4c9b46/coinbase_takes_kyc_to_a_new_level_by_asking/ (https://www.reddit.com/r/uᴉoɔʇᴉq/comments/4c9b46/coinbase_takes_kyc_to_a_new_level_by_asking/)

I have a Coinbase account.

I've never been asked for LinkedIn Information at all.

But others got asked it seems.
To be honest I don't care because I don't user their service.
Everyone is free to decide what wallet or exchanges he uses.In Bitcoinland you have a choice.

Maybe.

Seems unlikely to me.

Until I see proof, I'll continue to assume that such reports are lame attempts at FUD.

Bad news for them after they blocked people I stopped using there wallet. With this new LinkedIn requesting they will lose more people because of privacy.

yeah that's true,coinbase always have weird problem so far,after some couple month ago people report to this forum that his wallet closed without any explanation,and then coinbase not receive any funds from gambling address,and now more problem appear. but i think this will not make people lost trust to coinbase.

Ha! I have no idea why people use Coinbase. Nothing surprises me with them any more, still don't understand why people use them. I've said it before but they go against EVERYTHING that uᴉoɔʇᴉq was intended to be.

Edit -


Oh! I still don't like them any way ;D

coinbase is going to keep loosing the anonymity factor until it is just like paypal

What's this nonsense? I'm not on Linkedin, and very few people I work with is. That network is certainly big in the US, but it doesn't enjoy the same success everywhere in the world. So I guess coinbase is only interested in gaining clients from the US corporate world.

Are they requiring this information for existing accounts?  I have an account with them but I prefer not to share more info than I have to.

Okay!  Cough-Cough-BS  I am having a hard time believing anything today.  What's worse is that some of this stuff might actually be true!  It's totally believable in some cases because so many absurd things like this are really happening.  How would having to provide LinkedIn information seem like a legitimate request?  Come on....We can do better than that, can't we?

Regarding Gambling it is clearly mentioned in their terms and condition that Gambling is not allowed . If they figure out that your coins are involved in Gambling activities they will simply block your account. So its time to move on desktop wallets

They are going to far into peoples privacy if anyone is using this arrive they might as well go to a decent one. Get a different wallet and adjust because at the rate coinbase is going I will expect them to ask for your PayPal Facebook and twitter forbthe protection of users.

Seriously? What if I don't use LinkedIn? At least not at the moment. I hope this is not an April Fool.

Yup, this violates the main purpose of Bitcoin (anonymity). This can't be happening, because Coinbase is a Bitcoin company which should support the Bitcoin not ruin it.

This makes me wonder if coinbase and linkedin are in business together.  Customers that don't have a linkedin account would need to create one to satisfy this requirement.

This looks to be a good move. They can know their customers and go through their entire profile and if appropriate candidates are there. Carrier option might get availed.

This will certainly happen people uses bitcoin to be anonymous and now they want to get more information from a person who uses their services,if this continue coinbase will have no more users.

Well it looks like Coinbase are on a roll to get as much personal information as possible from their userbase. Isn't Coinbase the most popular wallet in the USA though? What are the alternatives if people are not satisfied with their policy? I have heard about Circle being mentioned a couple of times. Does anyone have any experience with them? I don't think Coinbase are that good as not to have an alternative to them.