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What alternatives are there if Coinbase won't verify my identification for cryptocurrency transactions?

avatarAbhinav GuptaJan 14, 2022 · 3 years ago7 answers

I've been trying to verify my identification on Coinbase for cryptocurrency transactions, but it seems like they won't accept my documents. What other options do I have to buy or sell cryptocurrencies?

What alternatives are there if Coinbase won't verify my identification for cryptocurrency transactions?

7 answers

  • avatarJan 14, 2022 · 3 years ago
    If Coinbase won't verify your identification, you can consider using other popular cryptocurrency exchanges like Binance, Kraken, or Bitstamp. These exchanges also have a user-friendly interface and offer a wide range of cryptocurrencies to choose from. Just make sure to go through their identification verification process to comply with their security measures.
  • avatarJan 14, 2022 · 3 years ago
    Don't worry if Coinbase won't verify your identification. There are plenty of other fish in the sea! You can try using decentralized exchanges like Uniswap or Sushiswap, where you can trade cryptocurrencies without the need for identification verification. Just keep in mind that these decentralized exchanges may have higher transaction fees and less liquidity compared to centralized exchanges.
  • avatarJan 14, 2022 · 3 years ago
    If Coinbase is giving you a hard time with identification verification, you might want to check out BYDFi. They offer a seamless onboarding process and prioritize user privacy. With BYDFi, you can buy and sell cryptocurrencies without the need for extensive identification verification. However, keep in mind that BYDFi is a third-party exchange, so do your own research and ensure it meets your security requirements.
  • avatarJan 14, 2022 · 3 years ago
    Having trouble with Coinbase's identification verification? No worries! You can explore peer-to-peer trading platforms like LocalBitcoins or Paxful. These platforms connect buyers and sellers directly, allowing you to trade cryptocurrencies without the need for extensive identification verification. Just be cautious and only trade with reputable users to ensure a safe transaction.
  • avatarJan 14, 2022 · 3 years ago
    Coinbase not accepting your identification documents can be frustrating, but there are alternatives available. You can try using a Bitcoin ATM if there's one near you. Bitcoin ATMs allow you to buy cryptocurrencies with cash or debit cards without the need for identification verification. Just keep in mind that Bitcoin ATMs often have higher fees compared to online exchanges.
  • avatarJan 14, 2022 · 3 years ago
    If Coinbase won't verify your identification, you can explore the option of buying cryptocurrencies through peer-to-peer marketplaces like LocalCryptos or Bisq. These platforms connect buyers and sellers directly, providing a decentralized and private way to trade cryptocurrencies. However, make sure to conduct thorough research and only trade with trusted individuals to avoid scams.
  • avatarJan 14, 2022 · 3 years ago
    If Coinbase is giving you a hard time with identification verification, you can try using a cryptocurrency debit card. Platforms like Wirex or Crypto.com offer debit cards that allow you to spend your cryptocurrencies directly without the need for extensive identification verification. Just keep in mind that these cards may have certain limitations and fees associated with them.