Can I use Coinbase without completing the ID verification process?
khaled eldeepNov 29, 2021 · 3 years ago3 answers
Is it possible to create an account on Coinbase and start using it without going through the ID verification process?
3 answers
- Nov 29, 2021 · 3 years agoNo, Coinbase requires users to complete the ID verification process before they can start using the platform. This is done to comply with KYC (Know Your Customer) and AML (Anti-Money Laundering) regulations. By verifying your identity, Coinbase ensures the security and legitimacy of its platform, protecting both users and the company from potential fraud or illegal activities. So, if you want to use Coinbase, you'll need to go through the ID verification process.
- Nov 29, 2021 · 3 years agoUnfortunately, no. Coinbase, like most reputable cryptocurrency exchanges, requires users to complete the ID verification process. This is to ensure the safety and security of the platform and its users. By verifying your identity, Coinbase can prevent unauthorized access to your account and reduce the risk of fraudulent activities. So, if you're looking to use Coinbase, be prepared to go through the ID verification process.
- Nov 29, 2021 · 3 years agoWhile it's true that Coinbase requires users to complete the ID verification process, there are some limits on the amount you can transact without completing the verification. For example, you may be able to create an account and make small transactions without verifying your identity. However, there will be certain limits on your account until you complete the verification process. So, if you want to enjoy the full functionality and benefits of Coinbase, it's recommended to complete the ID verification process as soon as possible.
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