How does Coinbase limit the use of Apple Pay for purchasing cryptocurrency?

3 answers

• Nov 26, 2021 · 3 years ago
  Coinbase limits the use of Apple Pay for purchasing cryptocurrency by requiring users to verify their identity and link a bank account. This helps prevent fraud and ensures that only legitimate transactions are processed. Additionally, Coinbase may impose limits on the amount of cryptocurrency that can be purchased using Apple Pay to further mitigate risk. By implementing these measures, Coinbase aims to provide a secure and reliable platform for buying and selling cryptocurrency.
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• Nov 26, 2021 · 3 years ago
  To limit the use of Apple Pay for purchasing cryptocurrency on Coinbase, users are required to complete a verification process. This typically involves providing identification documents and verifying their bank account. Once the verification is complete, users can link their Apple Pay account to Coinbase and make purchases within the specified limits. These measures help protect against unauthorized transactions and ensure compliance with regulatory requirements.
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• Nov 26, 2021 · 3 years ago
  As a leading cryptocurrency exchange, Coinbase takes security and compliance seriously. To limit the use of Apple Pay for purchasing cryptocurrency, Coinbase requires users to complete a thorough verification process. This includes providing personal information, verifying their identity, and linking a bank account. By implementing these measures, Coinbase aims to prevent fraudulent activities and ensure a safe trading environment for its users.
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