why does coinbase have a id verification

Last Updated on April 2, 2024 by Paganoto

Identity Verification FAQ – Coinbase Help

Coinbase uses Identity Verification in order to comply with KYC (Know Your Customer) regulations. KYC is a way of identifying and confirming that a customer is who they say they are. It's a multi-step process that helps to prevent the creation and use of fraudulent accounts.

How to verify your identity on Coinbase

As part of our commitment to remain the most trusted cryptocurrency platform, all ID documents must be verified through the Coinbase website or mobile app. We …

Verifying your identity | Coinbase Help

Any ID verification done on your Coinbase account will apply to your Pro account. 90% of customers are able to resolve issues with ID verification by using the …

Identity photo verification – Coinbase Help

As a regulated financial service company operating in the US, we’re periodically required to identify users on our platform. Identity verification ensures we …

ID document verification | Coinbase Help

As part of our commitment to remain the most trusted cryptocurrency platform, all IDs must be verified through the Coinbase website or mobile app. We do not …

How does Coinbase use my ID?

Before gaining access to the buy and sell features, you may be asked to verify an ID with us. We go through great lengths to keep this information safe.

How do I verify my identity through the mobile app?

iOS and Android · Select Profile & Settings. · Tap Enable send and receive at the top. If the option is not available, go to the Coinbase document verification …

Coinbase is requiring ID verification to access my account. I …

The reason Coinbase and similar companies require ID verification is to comply with AML/KYC laws (Anti-Money Laundering/Know Your Customer).

How Long Does Coinbase Verification Take? | KYC Guide …

Photo ID verification step-by-step guide

Paganoto

Pagaonoto is an SEO editor and cryptocurrency researcher for various publications.