What are the requirements for whitelisting a bank account on Coinbase for fiat currency withdrawals?
Gregor CarreraDec 25, 2021 · 3 years ago3 answers
Can you please provide me with the detailed requirements for whitelisting a bank account on Coinbase so that I can withdraw fiat currency?
3 answers
- Dec 25, 2021 · 3 years agoTo whitelist a bank account on Coinbase for fiat currency withdrawals, you need to provide your full name, bank account number, routing number, and a valid government-issued ID. This information is required to comply with anti-money laundering (AML) and know your customer (KYC) regulations. Once you have submitted the required information, Coinbase will review and verify your account. It may take a few business days for the verification process to complete. Once your bank account is whitelisted, you can initiate fiat currency withdrawals from your Coinbase account.
- Dec 25, 2021 · 3 years agoWhitelisting a bank account on Coinbase for fiat currency withdrawals is a simple process. You just need to provide your personal information, including your full name, bank account number, routing number, and a valid government-issued ID. Coinbase requires this information to ensure compliance with regulatory requirements and to prevent fraud. After you have submitted the necessary details, Coinbase will review and verify your account. Once your bank account is whitelisted, you can easily withdraw fiat currency from your Coinbase account.
- Dec 25, 2021 · 3 years agoWhen it comes to whitelisting a bank account on Coinbase for fiat currency withdrawals, the process is quite straightforward. You will need to provide your full name, bank account number, routing number, and a valid government-issued ID. These requirements are in place to ensure the security and legitimacy of transactions. Once you have submitted the necessary information, Coinbase will review and verify your account. It usually takes a few business days for the verification process to complete. Once your bank account is whitelisted, you can enjoy hassle-free fiat currency withdrawals from your Coinbase account.
Related Tags
Hot Questions
- 98
How can I buy Bitcoin with a credit card?
- 86
What are the best digital currencies to invest in right now?
- 66
What is the future of blockchain technology?
- 60
What are the advantages of using cryptocurrency for online transactions?
- 52
Are there any special tax rules for crypto investors?
- 47
What are the tax implications of using cryptocurrency?
- 42
How can I minimize my tax liability when dealing with cryptocurrencies?
- 20
How does cryptocurrency affect my tax return?