As the world’s largest Bitcoin exchange, Coinbase has built up a loyal customer base of over 13 million people. But one thing that many Coinbase users are asking is whether they can buy Bitcoin on Coinbase without ID verification.
The short answer is no, you cannot buy Bitcoin on Coinbase without ID verification. In order to comply with anti-money laundering and Know Your Customer regulations, Coinbase requires all customers to verify their identity before they can buy or sell any cryptocurrencies.
This means that you will need to upload a copy of your government-issued ID, such as a passport or driver’s license. You will also need to take a selfie with your ID in hand.
Coinbase requires all customers to complete identity verification before they can buy or sell cryptocurrencies. If you choose to bypass this step, you are taking a huge risk as there is no way for Coinbase to verify the identity of the person you are buying from. This increases the likelihood that you may be scammed or become a victim of fraud. Additionally, Coinbase limits the amount of cryptocurrency that can be bought without verification, which could lead to additional risks.
Therefore, we strongly recommend that all users complete identity verification before buying Bitcoin on Coinbase. Doing so will help ensure your safety and security while using cryptocurrency exchanges and wallets.
Once your ID is verified, you will be able to buy and sell Bitcoin on Coinbase.
While some people may be uncomfortable with sharing their personal information with a Bitcoin exchange, it is important to remember that Coinbase is a regulated company. This means that they are required by law to collect this information from their customers.
If you are looking for a Bitcoin exchange that does not require ID verification, you may want to consider using an exchange like LocalBitcoins or Bisq. These exchanges allow you to buy and sell Bitcoin without needing to verify your identity.
However, it is important to remember that these exchanges are not regulated and there is a higher risk of fraud.