How does Coinbase's verification process work for different user levels?

2 answers

• Dec 19, 2021 · 3 years ago
  Hey there! So, Coinbase has different verification levels for its users. The basic level requires you to provide your full name, date of birth, and address. Once you've completed this step, you can start buying and selling cryptocurrencies. But if you want to level up and access more advanced features, you'll need to provide additional documents. These might include a photo ID, proof of address, and sometimes even a selfie. Coinbase wants to make sure everything is legit and secure, so they have these verification checks in place. The time it takes to get verified can vary, but they usually try to process applications as quickly as possible. Just keep in mind that the verification process might be slightly different depending on where you're located.
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• Dec 19, 2021 · 3 years ago
  At BYDFi, we have a similar verification process for our users. We also have different levels of verification, starting with basic identity verification. Users need to provide their personal information, such as full name, date of birth, and address. Additional documents may be required to reach higher verification levels. Our goal is to ensure the security and compliance of our platform, just like Coinbase. We understand the importance of user verification in the cryptocurrency industry and take it seriously. Our verification process is designed to be efficient and user-friendly, providing a seamless experience for our users.
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