Why do I have to verify my 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. … We do not accept emailed copies of your identity documents for verification purposes.
How long does it take Coinbase to verify identity?
Allow 2-3 minutes for the verification process to complete.
Is it safe to verify ID on Coinbase?
Yes it is safe to show ID. And required by law for all legit crypto exchanges including the ones other posters will steer you towards.
How do I verify my Bitcoin account?
To verify your account please go to the account verification tab under settings on your Bitcoin.com Exchange account. We have different levels of verification depending on the amount of cryptocurrency you want to withdraw. Individual – This is the default after you have confirmed your email and enabled 2FA.
Is it safe to give Coinbase my SSN?
Coinbase does require that you provide your Social Security number to them when opening an account on their platform. … Coinbase is FDIC insured. Basically a bank that sells crypto.
Is it safe to upload driver’s license to Coinbase?
In actuality it’s safe to a certain extent but remember Coinbase doesn’t have a legal department. So if anything goes wrong like identity theft it won’t be covered on their end and they won’t have an answer…
How do I verify my identity?
iOS and Android
- Tap Settings at the bottom right.
- Select Limits and Features.
- Tap Enable send and receive at the top. …
- Select your document type.
- Follow the prompts to upload your ID document.
- Once the steps are completed, the identity verification process is complete.
How legit is Coinbase?
The short answer is “yes, Coinbase is a legitimate cryptocurrency exchange and broker”. That is because of its high profile investors and highly regulated location (San Francisco). Coinbase is very unlikely to run away with your money. … If privacy is important to you, almost any other major US exchange would be better.
Can I use Coinbase without SSN?
The thing is you cannot trade more than 10,000$ in capital on coinbase without verifying your SSN.
Is it safe to give Coinbase my bank info?
At Coinbase we go to great lengths to keep all of your sensitive information safe. Account numbers and routing numbers are stored using bank level AES-256 encryption on our servers. … You may use a temporary password without losing access to Coinbase buy and sell services using the verified bank account.
What ID can I use for Coinbase?
For US customers, only US state-issued ID such as a Driver’s License or Identification cards are accepted.
Can you trace a Bitcoin wallet address?
All Bitcoin transactions are public, traceable, and permanently stored in the Bitcoin network. … Anyone can see the balance and all transactions of any address. Since users usually have to reveal their identity in order to receive services or goods, Bitcoin addresses cannot remain fully anonymous.
Why is my bitcoin verification taking so long?
Just to clarify, it can take 24-72 hours for our team to review your Bitcoin details. This means that with current network traffic, miners may deprioritize your unconfirmed transaction even if it was sent with an appropriate fee at the time.
Should I give Coinbase ID?
As a regulated financial services company, Coinbase is required to identify the users on our platform. Per the Coinbase User Terms, we require all customers to verify their identity to continue using our service.