how to verify identity on coinbase

To create a Coinbase account, users must provide their name, email address, phone number, and password, and link their bank account or debit/credit card for transactions.

Nov 02, 2024 at 11:44 am

Step 1: Create a Coinbase Account

Visit the Coinbase website and click "Get Started."
Provide your personal details, such as name, email address, and phone number.
Create a password and security questions.

Step 2: Link Your Bank Account or Debit/Credit Card

Go to the "Payment Methods" tab in your account.
Add your bank account by providing your routing number and account number, or connect your debit/credit card.

Step 3: Verify Your Phone Number

Provide your phone number and receive a verification code via SMS.
Enter the code in the Coinbase app or website to complete the verification process.

Step 4: Verify Your Identity with Government-Issued ID

Go to the "Profile" tab and select "Account Verification."
Choose the types of government-issued ID you will use for verification: driver's license, passport, or ID card.
Upload clear photos of both the front and back of your ID.

Step 5: Verify Your Identity with a Facial Recognition Scan (Liveness Check)

Follow the instructions provided by Coinbase.
Hold your ID in front of your webcam, and rotate your head as directed to capture a video recording.
Ensure you are in a well-lit environment with minimal background noise.

Step 6: Wait for Verification Approval

Coinbase will review your submitted documents and video recording.
The verification process can take up to 1-3 days.
You will receive an email or notification in your Coinbase account when your identity is verified.

Benefits of Identity Verification on Coinbase

Enhanced Security: Identity verification protects your account from unauthorized access and fraud.
Increased Transaction Limits: Verified accounts have higher daily and weekly transaction limits.
Access to Advanced Features: Some Coinbase features, such as staking, are only available to verified accounts.
Increased Trustworthiness: Verified identities give Coinbase reassurance that you are a legitimate user, which can benefit both buyers and sellers.
Compliance with Regulations: Identity verification helps Coinbase comply with anti-money laundering and know-your-customer (KYC) regulations.

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