Frequent question: Do you need an ID for Coinbase?

As a regulated financial services company, Coinbase is required to identify the users on our platform. Per the Coinbase User Terms, we require all customers to verify their identity to continue using our service.

Why does Coinbase need a photo ID?

ID verification is required to prevent fraud and keep the community safe. It also adds an extra layer of security by ensuring no one but you links your payment information such as your bank account or credit/debit card.

Is it safe to give your ID to Coinbase?

In short, verifying your identity and address helps Bitcoin exchanges prevent financial crimes. Coinbase is pretty safe as far as exchanges can get.

What ID do I need to open a Coinbase account?

What you’ll need

  1. Be at least 18 years old (we’ll ask for proof)
  2. A government-issued photo ID (we don’t accept passport cards)
  3. A computer or smartphone connected to the internet.
  4. A phone number connected to your smartphone (we’ll send SMS text messages)
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What info does Coinbase require?

Coinbase is easy to set up but requires some information, including your legal name, home address, date of birth, last four digits of your Social Security number and how you plan to use Coinbase. That’s to comply with federal regulations.

How can I buy crypto without ID?

Quick guide to buying bitcoin without ID

  1. Register for an account on a P2P bitcoin marketplace.
  2. Search the list of open offers for sellers that accept in-person cash payments.
  3. Find a seller close to you.
  4. Check the seller’s reputation on the platform.
  5. Agree on a price.
  6. Arrange a time to meet somewhere public.

Does Coinbase accept expired ID?

Unfortunately, we can’t accept any IDs other than the supported types. If you don’t have a supported document (typically these include documents like a passport, ID card, or driver license), or your ID is expired, you’ll need to apply for, or renew, a valid ID before completing the upload.

How can I send Bitcoins without ID?

Answer: You can opt to use Bitcoin ATMs that allow you to buy Bitcoin anonymously with cash. Other platforms like ShapeShift, BitQuick, and LocalBitcoins.com, Paxful, and DameCoins let you trade Bitcoin anonymously with PayPal, credit cards, Western Union, and bank transfers.

Does Coinbase ask SSN?

Coinbase does require that you provide your Social Security number to them when opening an account on their platform. They use your SS# for several reasons such as checking your background information, tax reporting purposes as well as to comply with anti- money laundering laws of the United States.

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Why does Coinbase need my address?

Policy requires that we have your name, address, and date of birth on file before you can make large transactions with your Coinbase account. For new customers, when you make a large transaction you will be prompted to complete your personal information before your trade is made.

Why does Coinbase need my driver’s license?

To prevent fraud and to make any account-related changes, Coinbase will ask you to verify your identity from time-to-time. … As part of our commitment to remain the most trusted cryptocurrency platform, all Identification Documents must be verified through the Coinbase website or mobile app.

Do you need ID for Binance?

New customers must now supply a government-issued ID and pass facial verification to meet “Intermediate” verification for access to services such as crypto deposits, trades and withdrawals, Binance announced Friday.

Is Coinbase pro cheaper than Coinbase?

The biggest difference comes down to fees, with Coinbase Pro being significantly cheaper than Coinbase. It’s really easy to get a better deal with just a little research and effort. Most traders, even novices, will be much better off trading on Coinbase Pro and avoiding high fees.

Can you get scammed on Coinbase?

Scammers can create fake websites asking for sensitive information to gain control of your accounts. Coinbase employees will NEVER ask you to share your password, 2-step verification codes, or private keys. If someone claiming to be from Coinbase asks you for this information, it is a scam.

How long does it take Coinbase to verify ID?

Allow 2-3 minutes for the verification process to complete.

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Is Binance cheaper than Coinbase?

Although U.S.-based users will pay slightly more on Binance.US, it’s still much cheaper than using Coinbase. On average, you’ll pay 0.50% per Coinbase transaction plus extra convenience charges based on your payment method, so you might pay up to 4% per transaction.