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Is it possible to use Coinbase without an OID and still enjoy the benefits of their services?

avatarSagnik ChakrabortyNov 23, 2021 · 3 years ago3 answers

I'm wondering if it's possible to use Coinbase without having an OID (Official Identification Document) and still be able to enjoy the benefits of their services. Can I create an account and trade cryptocurrencies on Coinbase without providing an OID? Will I have access to all the features and benefits that Coinbase offers?

Is it possible to use Coinbase without an OID and still enjoy the benefits of their services?

3 answers

  • avatarNov 23, 2021 · 3 years ago
    Yes, it is possible to use Coinbase without an OID. Coinbase offers different account verification levels, and while providing an OID is one way to verify your identity and access all the features, you can still create an account and trade cryptocurrencies with limited functionality without an OID. However, certain features and benefits may be restricted until you complete the verification process and provide an OID.
  • avatarNov 23, 2021 · 3 years ago
    No, Coinbase requires users to provide an OID for account verification. Without an OID, you won't be able to access all the features and benefits that Coinbase offers. It's important to comply with their KYC (Know Your Customer) requirements to ensure a secure and compliant trading experience on the platform.
  • avatarNov 23, 2021 · 3 years ago
    Using Coinbase without an OID can be a bit limiting, but it's still possible to enjoy some benefits. While you may not have access to all the features, you can still create an account, deposit funds, and trade cryptocurrencies. However, keep in mind that certain features, such as higher withdrawal limits or advanced trading options, may require completing the verification process and providing an OID.