can i send bitcoin on coinbase without verification

To comply with anti-money laundering regulations, Coinbase requires identity verification before users can send Bitcoin, a security measure to prevent fraud.

Oct 24, 2024 at 11:27 am

Can I Send Bitcoin on Coinbase Without Verification?

1. Verification Requirements:

Coinbase, a popular cryptocurrency exchange, requires users to complete identity verification to send or receive Bitcoin. This is primarily for security and anti-money laundering purposes.

2. Limited Functionality Without Verification:

Unverified users have limited functionality on Coinbase, including:

• Deposits: Deposits limited to wire bank transfers or Coinbase-hosted assets (e.g., USD Coin)
• Withdrawals: No withdrawals allowed
• Sending Crypto: Cannot send any cryptocurrency, including Bitcoin

3. Verification Process:

To verify your identity on Coinbase, you need to:

• Provide government-issued ID (passport, driver's license, etc.)
• Link a bank account or debit card
• Submit a photo of yourself holding the ID

4. Exceptions to Verification:

In some cases, Coinbase may allow unverified users to send small amounts of Bitcoin:

• Small Send Limit: Users may be able to send Bitcoin up to a certain amount (typically around $100).
• ACH Transfer: Unverified users can occasionally send Bitcoin using ACH bank transfers, which involve a longer processing time.

5. Verification Waiver:

Coinbase may waive the verification requirement for users with strong security measures in place, such as 2-factor authentication. However, this is at Coinbase's discretion and not a guaranteed process.

6. Verification Timeframe:

Coinbase typically verifies accounts within 24-48 hours. However, during peak times, it may take longer.

Conclusion:

Generally, you cannot send Bitcoin on Coinbase without verifying your identity. This is a security measure to prevent fraud and money laundering. For unverified users, there are limited exceptions and potential workarounds, but it's highly recommended to complete verification to fully use Coinbase's services.