If you’re new to Coinbase and want to start buying cryptocurrency, you’ll need to verify your identity. This process is called Know Your Customer (KYC).
Coinbase is required by law to collect this information from all its users.
The good news is that the KYC process is relatively quick and easy. It should only take a few minutes to complete. Here’s what you’ll need to do:
1. Sign up for a Coinbase account.
You’ll need to provide your name, email address, and create a password.
2. Verify your email address.
Coinbase will send you a verification link via email. Click on the link to confirm your account.
NOTE: WARNING: Coinbase takes a few days to verify your identity, so please ensure that you have all the necessary documentation ready and submitted before attempting to use the Coinbase service. Additionally, the verification process may take longer in some cases so it is important to be patient and understand that Coinbase will complete the process as quickly as possible.
3. Verify your phone number.
Coinbase will send you a verification code via SMS. Enter the code into the Coinbase website to verify your phone number.
4. Upload a photo ID. You’ll need to upload a copy of your government-issued photo ID (e.g.
, passport, driver’s license). Make sure the ID is valid and not expired.
5. Complete the KYC questionnaire.
Answer some questions about your investment experience and risk tolerance. This helps Coinbase assess your suitability for investing in cryptocurrencies.
Once you’ve completed all these steps, your account will be verified and you can start buying cryptocurrencies! The whole process shouldn’t take more than a few minutes.
5 Related Question Answers Found
It can take up to five business days for Coinbase to verify your identity. This is because they need to verify your identity with the government-issued ID that you provide. If you provide all of the required information, you should expect to hear back from Coinbase within five business days.
It can take up to 48 hours to verify your Coinbase account. This is because Coinbase needs to verify your identity and bank account before you can start using their service. If you’re wanting to use Coinbase to buy or sell cryptocurrencies, then you’ll need to verify your account first.
It can take up to 48 hours to verify a Coinbase account. This is because Coinbase needs to verify the identity of its users before they can start trading. Coinbase is a digital currency exchange that allows its users to buy and sell cryptocurrencies.
It can take up to four business days for Coinbase to verify your account. This process is usually initiated after you have submitted all the necessary identification documents and information. After your account is verified, you will be able to buy, sell, and trade cryptocurrencies on the platform.
Verifying your Coinbase account is a quick and easy process. It should only take a few minutes to complete. Coinbase is a digital currency exchange that allows users to buy and sell cryptocurrencies.
