Cryptocurrency Q&A
Can I use Coinbase without KYC?
Can I use Coinbase without KYC?
Arianna
Wed Oct 09 2024
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7 answers
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I'm wondering if it's possible to use Coinbase, a popular cryptocurrency trading platform, without completing the Know Your Customer (KYC) process. I've heard that KYC is required for certain transactions on the platform, but I'm not sure if it's necessary for all users or if there are ways to use Coinbase without undergoing KYC verification.
7 answers
Dario
Fri Oct 11 2024
The identity verification process at Coinbase is designed to ensure that only legitimate individuals are accessing the platform. This step is crucial in preventing fraudulent activities and safeguarding the interests of both the exchange and its users.
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GalaxyGlider
Fri Oct 11 2024
To complete the identity verification process, Coinbase may request users to submit certain personal information and documentation. This can include uploading ID photos, such as a government-issued ID or passport, to verify the user's identity.
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DigitalTreasureHunter
Fri Oct 11 2024
In addition to uploading ID photos, Coinbase may also require users to take a selfie as part of the verification process. This selfie is then compared to the uploaded ID photos to ensure that the person providing the information is indeed the same individual.
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charlotte_wilson_coder
Fri Oct 11 2024
The identity verification process at Coinbase is a straightforward and efficient way to ensure that only authorized users are accessing the platform. By implementing these measures, Coinbase is able to maintain a high level of security and trustworthiness among its user base.
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CryptoLodestar
Fri Oct 11 2024
Coinbase, a reputable cryptocurrency platform, adheres to strict legal requirements and prioritizes fraud prevention measures. As part of its commitment to maintaining a secure and compliant environment, the exchange mandates identity verification for all users.
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