Cryptocurrency Q&A
Does Coinbase require UK users to fill out risk-acknowledgement form?
Does Coinbase require UK users to fill out risk-acknowledgement form?
Isabella
Sat Jun 15 2024
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7 answers
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Could you please clarify if Coinbase imposes a requirement on its UK-based users to complete a risk-acknowledgement form? It would be helpful to know if this is a mandatory step during the account setup process or if it's triggered by certain transactions or activities. Additionally, could you elaborate on the nature of this form and what kind of risks it aims to acknowledge? Understanding these details would greatly assist in ensuring compliance and avoiding any potential issues. Thank you for your assistance in clarifying this matter.
7 answers
Riccardo
Mon Jun 17 2024
By completing the form, users acknowledge and accept the volatile nature of the cryptocurrency market, as well as the potential for significant losses.
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KDramaLegendaryStarlight
Mon Jun 17 2024
Coinbase's approach is aimed at promoting responsible investing practices and safeguarding its users from uninformed decisions.
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CryptoEnthusiast
Mon Jun 17 2024
Coinbase, a leading cryptocurrency exchange platform, enforces strict regulations for its users, particularly in the United Kingdom.
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AzureWave
Mon Jun 17 2024
For UK-based customers, Coinbase mandates the completion of a risk-acknowledgement form as a prerequisite for account usage.
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CryptoTitaness
Mon Jun 17 2024
Additionally, the risk-acknowledgement form serves as a legal safeguard for Coinbase, protecting it from potential liability arising from uninformed trading activities.
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