How does Coinbase verify the identity of its users using photo IDs?

3 answers

• Nov 25, 2021 · 3 years ago
  Sure! When a user signs up for Coinbase, they are required to provide a photo ID for identity verification. Coinbase uses advanced technology to analyze the photo ID and compare it with the user's selfie to ensure that the person in the photo ID is the same as the person creating the account. This helps prevent identity theft and ensures the security of the platform.
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• Nov 25, 2021 · 3 years ago
  Coinbase verifies the identity of its users using photo IDs by employing a combination of facial recognition technology and manual review. The user submits their photo ID, which is then scanned and analyzed by Coinbase's system. The system compares the photo ID with the user's selfie to verify their identity. In some cases, additional manual review may be required to ensure accuracy and prevent fraud.
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• Nov 25, 2021 · 3 years ago
  At BYDFi, we also verify the identity of our users using photo IDs. Our process is similar to Coinbase's, where we utilize facial recognition technology and manual review to ensure the authenticity of the submitted photo ID. This helps maintain a secure and trustworthy environment for our users to trade digital assets.
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