why does coinbase need a drivers license photo?

Last Updated on January 23, 2023 by Paganoto

How to verify your identity on Coinbase

How to verify your identity on Coinbase

To prevent fraud and to make any account-related changes, Coinbase will ask you to verify your identity from time-to-time. We also ask you to verify your identity to ensure no one but you changes your payment information.

Is It Actually Safe to Give Coinbase My ID? – The Financial Geek

Is It Actually Safe to Give Coinbase My ID? – The Financial Geek

It’s easy to see why providing something like a driver’s license or passport might not sit well with some users. Unfortunately for them though, Coinbase needs …

How safe is uploading your driver's license for account …

How safe is uploading your driver's license for account …

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

What type of photo ID can I provide? – Coinbase Help

What type of photo ID can I provide? – Coinbase Help

State-issued IDs such as a Driver License or Identification Card. Outside of the United States. Government-issued photo ID. National Identity Card. Passport …

Coinbase wants me to upload a pic of my Driver's License. Is …

Coinbase wants me to upload a pic of my Driver's License. Is …

It’s a financial institution and they need to verify your identity. Other exchanges do it.

Coinbase ID verification – Bogleheads.org

Coinbase ID verification – Bogleheads.org

Is giving them a picture of my ID just inviting identity theft? … I have just never had to provide my driver’s license when opening other …

Coinbase Verification – photo ID? – Bitcoin Talk

Coinbase Verification – photo ID? – Bitcoin Talk

True. However, Coinbase is about the worst exchange you could use if you don’t want to reveal your identity. They have much tighter government …

Thoughts on Identity Verification | by Richard – Medium

Thoughts on Identity Verification | by Richard – Medium

If you’ve ever been asked to upload a photo of your government ID to prove your identity, you’ve gone through an identity verification …

How to verify your ID on Coinbase – YouTube

How to verify your ID on Coinbase – YouTube

Question: Why Is Coinbase Asking For My ID Again?

Question: Why Is Coinbase Asking For My ID Again?

Coinbase does require that you provide your Social Security number to them when opening an account on their platform. They use your SS# for several reasons …