Getting your ID verified is one of the most important things if you are trading in the cryptocurrency world. But when you complete the process and wait for the result, this can irritate you. So, How Long Does It take Coinbase To Verify ID? In this article, we are going to discuss the ID verification process and the time taken by it for the process.
When you are trading on the cryptocurrency exchange then security is the most important thing for the users. In the coinbase, you will be getting the security feature on every step. You have to go through the two-factor authentication, ID verification, and Bank account verification.
You can trade all the major cryptocurrencies like Bitcoin, Litecoin, Ethereum and many more. There are multiple options for you to trade on the platform like wire transaction, credit card, debit card. This is considered one of the most user-friendly websites in the world.
How Long Does It Take Coinbase to Verify ID?
When you are trading on the platform which has one of the largest traffic in the cryptocurrency world getting the ID verification can take time. You might even think that why is it taking so much time and what is the need for it.
Well, this is necessary for security purposes. There are many users in the digital world who uses a fake ID and are there to steal the money from the amateurs. If you are one of them it becomes necessary.
So the time taken by the coinbase to verify your ID is around 2 business days. This can get even shorter if you add the Visa credit card to the account. After this, you will be able to buy the bitcoin instantly. And if you are using the bank transfer option then you have to wait more and can add up to 4 days to it.
Getting through the ID verification is simple as you have to go through the simple steps and you are good to go. Here we are going to discuss the steps for the US-based customer:
- Install the application of the coinbase in your mobile.
- Go to the settings where you will find an option for Identity Verification.
- Now you have to upload the state ID or driving license proving your residency in the state.
- After this coinbase will be asking the set of questions for the verification of your identity.
After this, you have to submit it and wait for the two business days for the verification of the ID. There is one more thing you have to keep in mind before that is to submit the handwritten date and time under the picture. It is to prove that the picture was taken during the time of submission of ID verification.
The answer to the question How Long Does It Take Coinbase To Verify ID is 2 to 3 business days. So stop worrying about the ID verification if you have just submitted the ID, now all you have to do is wait for the result.