If you are using the coinbase account then you defiantly come through the term Coinbase Identity Verification. Whereas, new users might have questions regarding identity verification. So what is it, why it is important and what are the things required for the process. In this article, you will be getting all your answers.
Coinbase is the cryptocurrency exchange that is well known and providing its services all around the world. On this platform, you can trade all the major cryptocurrencies like Bitcoin, Ethereum, litecoin, and other major coins. When you are trading on this platform you will be able to get the best user interface with different transaction fees. If you are new to the cryptocurrency world then you should go for this platform as you will be able to trade easily with the secured line.
Coinbase Identity Verification
For the online transaction of the money, there is a need for the account to be verified. This can be very helpful for the safety of your account. In this, you have to verify your identity by submitting some of the official documents and your picture to prove that it is you who you are claiming to be.
When you are new to the digital world you are in hurry to make a trade. But you should understand that the verification of the account is important. The reason behind that is that there are many people in the digital world with a fake identity which can steal your money.
So the best part of the verification process on the coinbase is that the people you will be interacting on the coinbase are authentic. This means that there will be a minimum chance of you getting the conned or hacked. Even after the verification process, someone tries to steal your money the tracking process becomes easy and fast. This can save your money from getting lost in the digital world.
Getting your coinbase Identity verified is not a difficult task. You have to go through this simple process to very your account.
- Install the application and log in your account.
- Go to the settings and then identity verification.
- There you have to upload your ID card proving your residency and authenticity.
- After the submission, you will be asked some of the questions for the verification.
Now your account will be verified after some time. This may take around 3 to 4 days.
Things to remember
While submitting your ID and Picture you have to keep some things in mind. If you do not then it can create a problem in the verification process.
The picture you are submitting should not have the glare or taken in the dark. It should be taken in proper lighting.
The ID card you are submitting should have the picture of yours and is legible.
The picture you are submitting should not be distorted and have the handwritten date below it.
We hope that you have got the idea regarding the Coinbase Identity verification. As we have given you the information regarding it like what is it, why it is important, process and the things to remember while going through the process.