Why does Coinbase require my ID multiple times?

3 answers

• Dec 17, 2021 · 3 years ago
  Coinbase requires multiple ID verifications to ensure the security and compliance of their platform. By verifying your ID multiple times, Coinbase can confirm your identity and prevent fraudulent activities. It is a standard practice in the cryptocurrency industry to have multiple layers of verification to protect users and the platform from potential risks.
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• Dec 17, 2021 · 3 years ago
  Coinbase asks for your ID multiple times because they prioritize the safety and security of their users. By conducting multiple ID verifications, Coinbase can ensure that only legitimate users are accessing their platform. This helps to prevent identity theft, fraud, and other malicious activities. While it may seem repetitive, it is an important step in maintaining a secure environment for cryptocurrency transactions.
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• Dec 17, 2021 · 3 years ago
  As an expert in the cryptocurrency industry, I can tell you that Coinbase is not the only exchange that requires multiple ID verifications. Other exchanges also have similar security measures in place to protect their users and comply with regulatory requirements. It may seem inconvenient, but it is a necessary step to ensure the safety and integrity of the platform. Remember, the extra verification steps are there to protect you and your funds.
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