What are the best ways to use Coinbase without providing an OID?

7 answers

• Nov 26, 2021 · 3 years ago
  One option is to use Coinbase's Instant Buy feature. This allows you to purchase cryptocurrencies instantly using your debit or credit card without the need to provide your OID. However, keep in mind that there may be certain limitations on the amount you can buy without verification.
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• Nov 26, 2021 · 3 years ago
  Another way to use Coinbase without providing an OID is to use a peer-to-peer exchange platform. These platforms connect buyers and sellers directly, allowing you to trade cryptocurrencies without going through a centralized exchange like Coinbase. However, be cautious and do thorough research before using any peer-to-peer exchange to ensure the safety of your transactions.
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• Nov 26, 2021 · 3 years ago
  BYDFi, a popular digital currency exchange, offers an alternative solution. They allow users to trade cryptocurrencies without the need for an OID. BYDFi uses a decentralized exchange model, which means that trades are conducted directly between users, eliminating the need for KYC (Know Your Customer) verification. However, it's important to note that BYDFi may have different trading pairs and liquidity compared to Coinbase.
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• Nov 26, 2021 · 3 years ago
  If you're concerned about providing your OID to Coinbase, you can also consider using a hardware wallet. Hardware wallets are physical devices that store your private keys offline, providing an extra layer of security. By using a hardware wallet, you can store your cryptocurrencies securely and have full control over your funds, without the need to provide your OID to any exchange.
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• Nov 26, 2021 · 3 years ago
  To use Coinbase without an OID, you can also explore decentralized exchanges (DEX). DEX platforms allow you to trade cryptocurrencies directly from your own wallet, without the need for KYC verification. However, it's important to do thorough research and choose a reputable DEX platform to ensure the safety of your transactions.
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• Nov 26, 2021 · 3 years ago
  If you're not comfortable providing your OID to Coinbase, another option is to use a VPN (Virtual Private Network) to mask your IP address. By using a VPN, you can access Coinbase from a different location and potentially bypass the need for OID verification. However, keep in mind that using a VPN may violate Coinbase's terms of service, so proceed with caution.
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• Nov 26, 2021 · 3 years ago
  One way to avoid providing your OID to Coinbase is to use a different cryptocurrency exchange that doesn't require KYC verification. There are several exchanges available that prioritize user privacy and allow you to trade cryptocurrencies without providing personal identification. However, make sure to choose a reputable exchange and consider the liquidity and security of the platform before making any transactions.
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