If you want to buy cryptocurrencies like Bitcoin (BTC) or Ethereum (ETH) on Coinbase, you will need to verify your identity first. This process is known as Know Your Customer (KYC). In order to comply with KYC regulations, Coinbase will ask you to provide some personal information, such as your name, address, and date of birth. They may also ask for a government-issued ID, such as a passport or driver's license. If you don't have a government-issued ID, you can still use Coinbase to buy cryptocurrencies, but you will be limited to a smaller amount. You will also need to provide some additional information, such as a selfie with your ID, to verify your identity. Once you have verified your identity, you will be able to buy cryptocurrencies on Coinbase. If you want to use a different cryptocurrency exchange, you may need to go through a similar KYC process.
How should I do this procedure? When you navigate to the Trade page, you will notice an additional message requesting additional information. Once you've selected Submit ID, you'll need to verify your ID with your photo. To begin the document upload process, click the Begin verification button.
It is critical to verify your identity in order to maintain our security. By verifying your identity, we can assist you in keeping your account safe and preventing fraud. It is also our policy to verify your identity so that no one can impersonate you. The payment information is not the same. We respect your privacy and will never sell or rent your information to third parties. If you have any questions about our verification process, please feel free to contact us at [email protected].
To process an application in the United States, a valid state driver's license, identification card, or other form of ID is required. All US passports are not accepted at the location.
Since Bitcoin is the first and most popular cryptocurrency, many people are wondering if Coinbase can be used without a valid ID. Despite the fact that it is possible to do so, this is not recommended due to the terms of service. If you buy altcoins and digital tokens, such as Litecoin, Ripple, and Tether, on Coinbase without a verification code, you will receive your tokens in no time. The issue is that you must first purchase these other tokens before purchasing Bitcoins. Coinbase requires a verification code in order to purchase Bitcoin, but it does not require any other cryptocurrencies.
In any case, if you are having difficulty uploading your passport, driver's license, or state identification card (US citizens), make sure it does not appear to be in any way discolored. This photograph has a bright and well-lit appearance. All borders and borders of the document are clearly visible in the image.
When you verify your identity, you protect yourself from fraud and ensure that no one, except you, has access to your payment information for the purpose of making trades. By providing an email address and a few personal details, the Blockchain.com Wallet allows you to send and receive cryptocurrency in a private wallet.
Coinbase requires a government-issued ID in order to verify your identity and prevent fraud. This can be in the form of a passport, driver's license, or national ID card.
If you want to invest in or hold cryptocurrencies on Coinbase, we strongly recommend that you verify your identity. You will not only be protected from being compromised, but also adhere to our User Terms.
If you do not have a passport, a national ID, or a driving license, you can still use Coinbase by creating a new account with a password by providing your email address. After you register and log in, you will be able to buy and sell cryptocurrencies.