Coinbase, Exchanges

Does Coinbase Require KYC?

Since its launch in 2012, Coinbase has become one of the most popular cryptocurrency exchanges online. Based in the US, Coinbase allows users to buy and sell a variety of popular cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and more.

One of the reasons Coinbase is so popular is that it is relatively easy to use and is one of the most user-friendly exchanges available. Another reason is that Coinbase offers a variety of features and services that are not always available on other exchanges.

One service that Coinbase offers is known as KYC or “know your customer”. KYC is a process by which an exchange collects and verifies customer information in order to comply with anti-money laundering regulations.

NOTE: WARNING: Coinbase does require KYC (Know Your Customer) verification for customers in certain jurisdictions. All customers must complete KYC verification in order to continue using Coinbase services. This process may require the provision of personal information, such as name, address, and identity documents.

Coinbase requires all users to go through the KYC process before they are able to buy or sell cryptocurrencies on the platform. This process involves submitting personal information such as your name, address, date of birth, and Social Security number.

You will also need to upload a copy of your government-issued ID such as a passport or driver’s license. Once your information has been verified, you will be able to buy and sell cryptocurrencies on Coinbase.

Coinbase is not the only exchange that requires KYC. In fact, most major exchanges have some form of KYC in place.

However, Coinbase is one of the few exchanges that allows users to buy and sell cryptocurrencies without having to go through a lengthy and complicated verification process.

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