When you create a Coinbase account, we need to verify your identity. This process is called know-your-customer (KYC) and is required by law in most jurisdictions. We use an automated system to verify your identity, which takes into account a number of factors including your:

Full name

Date of birth

Country of residence

Phone number

Supporting documentation

The amount of time it takes to verify your identity can vary depending on which factors our system takes into account. In most cases, it should only take a few minutes.

However, if we are unable to verify your identity using our automated system, we may require you to submit additional documentation. This process is called manual review and can take up to a few days.

It can take up to four days for Coinbase to verify level 3. This is because level 3 requires more documentation than levels 1 and 2, and our team needs time to review everything.

If you submit all of the required documentation upfront, it may speed up the process.

Coinbase is a digital currency exchange that allows users to buy and sell cryptocurrencies. Bitcoin, Ethereum, and Litecoin are some of the most popular cryptocurrencies that Coinbase offers.

In order to buy or sell cryptocurrencies on Coinbase, users must first verify their identity.

There are three levels of verification on Coinbase: level 1, level 2, and level 3. Level 1 requires only your name and email address.

Level 2 requires your date of birth, phone number, and proof of identity. Level 3 requires your legal name, physical address, date of birth, phone number, proof of identity, and a selfie with your ID. Level 3 requires your legal name, physical address, date of birth.

Margin trading allows traders to open positions with leverage. Leverage is the ability to control a large amount of capital using very little of your own capital, and is available on most traditional exchanges.

For example, if you had $1,000 and wanted to buy $10,000 worth of a stock or cryptocurrency, you would need to find someone who was willing to loan you the $9,000 needed to complete the purchase. This is where margin comes in.

When you margin trade on an exchange, the exchange lends you the money needed to complete your trade. The amount of money that you can borrow is determined by the exchange and is usually a multiple of your account equity.

For example, if you have $1,000 in your account and the exchange offers 4x leverage, you can borrow up to $4,000.

The advantage of margin trading is that it allows you to make bigger trades than you would be able to do with just your own capital. This can lead to bigger profits if your trade goes well, but it also carries more risk as a bad trade can result in losses that exceed your account balance.

Before margin trading on an exchange, it’s important to understand how the exchange calculates margin and what fees are associated with margin trades. Some exchanges use a simple interest rate calculation while others use a more complex funding rate model.

It’s also important to understand how liquidations work on the exchange as this is how your position will be closed if it goes against you and you are unable to meet a margin call.

Coinbase uses a simple interest rate calculation for margin trades and charges a 0.5% fee for each side of the trade (buy and sell). Coinbase also employs what’s known as a makers-takers fee schedule where makers (the person who creates the order) are charged less than takers (the person who fills an order).

For example, at the time of writing this article maker fees were 0% and taker fees were 0.3%.

If you’re thinking about margin trading on Coinbase or any other exchange, be sure to do your research and understand all of the risks involved before putting any money at risk.

Earning rewards on Coinbase is easy and straightforward. You simply need to sign up for a Coinbase account and link your bank account or debit card. Once you’ve done that, you can start earning rewards!

There are two primary ways to earn rewards on Coinbase. The first is by making purchases with your linked bank account or debit card.

Every time you make a purchase, you’ll earn a certain amount of points that can be redeemed for cash back, gift cards, or other prizes.

The second way to earn rewards on Coinbase is by referring friends and family to sign up for their own accounts. For every person you refer who signs up and links their bank account or debit card, you’ll earn a bonus of $10 in points.

You can then redeem those points for cash back, gift cards, or other prizes.

So what are you waiting for? Start earning rewards today by signing up for a Coinbase account!.