Coinbase, Exchanges

What Does Waitlist Mean on Coinbase?

If you’re new to the cryptocurrency world, you may be wondering “what does waitlist mean on Coinbase?”

Coinbase is one of the most popular cryptocurrency exchanges, allowing users to buy and sell Bitcoin, Ethereum, and Litecoin. However, getting started on Coinbase can be a bit confusing, as there is a waitlist to get verified.

So, what does waitlist mean on Coinbase?

In order to buy or sell cryptocurrencies on Coinbase, you must first be verified. The verification process includes providing personal information such as your name, address, and date of birth.

NOTE: Warning: Coinbase Waitlist is a waiting list that allows customers to join a queue when the platform is experiencing higher than normal volumes. Customers on the waitlist will not be able to open new accounts or make any changes to existing accounts until they are removed from the list. Additionally, waitlist customers may experience slower customer service response times. Therefore, it is important to understand the risks associated with joining a Coinbase Waitlist before doing so.

You will also need to upload a photo ID.

The reason for the verification process is to comply with anti-money laundering lAWS. By verifying users, Coinbase can ensure that people are not using the platform for illegal activities.

The verification process can take some time, so many people are placed on a waitlist. The waitlist is used to ensure that everyone who wants to be verified can be without overwhelming the system.

If you’re placed on the waitlist, don’t worry! You will eventually be able to get verified and start buying and selling cryptocurrencies. In the meantime, you can learn more about how Coinbase works and explore the world of digital currencies.

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