how to verify bank account on coinbase

By connecting your bank account to Coinbase, you can conveniently deposit funds to buy and sell digital currencies, enabling you to expand your investment portfolio and manage your cryptocurrency assets.

Oct 27, 2024 at 07:13 am

How to Verify Bank Account on Coinbase

Step 1: Sign in to Coinbase

• Visit the Coinbase website and sign in to your account.

Step 2: Click on Profile

• Click the "Profile" tab in the top-right corner of the screen.

Step 3: Select "Payment Methods"

• From the left-hand menu, select "Payment Methods" under the "Settings" section.

Step 4: Choose "Bank Account"

• Click the "Add a Bank Account" button and select "Bank Account" from the options provided.

Step 5: Enter Bank Details

• Enter your bank account number, routing number, and the name of the account holder.
• Ensure all details are entered accurately as provided by your bank.

Step 6: Submit Details

• Click the "Add Payment Method" button to submit your bank account details for verification.

Step 7: Verify Micro Deposits

• Coinbase will deposit two small amounts into your bank account, typically within a few days.
• The amounts will be less than $1.00.

Step 8: Check Bank Account

• Sign in to your bank account online or visit a local branch to check for the micro deposits.

Step 9: Enter Verification Codes

• Once you have found the micro deposits, return to the Coinbase website.
• Enter the two deposit amounts provided in the fields specified.

Step 10: Complete Verification

• Click the "Verify Bank Account" button to complete the verification process.

Additional Notes:

• Coinbase verifies bank accounts through micro deposits to ensure that you control the account you are adding.
• The verification process usually takes 1-3 business days.
• Once your bank account is verified, you can use it to fund your Coinbase account for trading cryptocurrencies.