common-close-0
BYDFi
Trade wherever you are!

Is it necessary to verify my identity to create a Coinbase account?

avatarFlay Ext1Dec 18, 2021 · 3 years ago3 answers

Why do I need to verify my identity when creating a Coinbase account? Is it mandatory?

Is it necessary to verify my identity to create a Coinbase account?

3 answers

  • avatarDec 18, 2021 · 3 years ago
    Yes, verifying your identity is a mandatory requirement when creating a Coinbase account. This is to ensure compliance with regulatory standards and prevent fraud and money laundering. Coinbase follows strict Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures to maintain a safe and secure platform for its users. By verifying your identity, Coinbase can confirm that you are a legitimate user and comply with legal obligations.
  • avatarDec 18, 2021 · 3 years ago
    Absolutely! You need to verify your identity to create a Coinbase account. It's a necessary step to ensure the safety and security of the platform. By verifying your identity, Coinbase can protect its users from potential scams and fraudulent activities. So, don't worry, it's for your own benefit!
  • avatarDec 18, 2021 · 3 years ago
    Yes, you must verify your identity to create a Coinbase account. This is a requirement set by Coinbase to comply with regulatory standards and ensure the safety of the platform. By verifying your identity, Coinbase can prevent unauthorized access to your account and protect your funds. So, make sure to complete the identity verification process to enjoy a secure trading experience on Coinbase.