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Is it possible to avoid the Coinbase ID verification requirement for trading digital currencies?

avatarHu GarciaDec 26, 2021 · 3 years ago3 answers

I am interested in trading digital currencies on Coinbase, but I want to know if there is any way to avoid the ID verification requirement. Is there a way to trade without providing personal identification?

Is it possible to avoid the Coinbase ID verification requirement for trading digital currencies?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    Unfortunately, Coinbase requires all users to go through the ID verification process in order to comply with regulatory requirements and ensure the security of their platform. This verification process helps prevent fraud, money laundering, and other illegal activities. So, it is not possible to avoid the ID verification requirement on Coinbase.
  • avatarDec 26, 2021 · 3 years ago
    Nope, sorry! Coinbase is pretty strict about their ID verification process. They want to make sure that everyone using their platform is who they say they are. It's a security measure to protect both you and them from any potential scams or fraudulent activities. So, you'll have to go through the verification process if you want to trade on Coinbase.
  • avatarDec 26, 2021 · 3 years ago
    As an expert in the digital currency industry, I can confirm that Coinbase's ID verification requirement is mandatory for all users. This is in line with the industry standards and regulations to prevent money laundering and ensure the security of the platform. While it may seem inconvenient, it is an essential step to protect both users and the integrity of the digital currency market.