How come I need to verify my identity again on Coinbase?

3 answers

• Feb 19, 2022 · 3 years ago
  Coinbase takes the security of its platform very seriously. To ensure the safety of your funds and prevent fraudulent activities, they may periodically request users to verify their identity again. This helps Coinbase maintain a high level of security and comply with regulatory requirements.
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• Feb 19, 2022 · 3 years ago
  It's a standard practice in the cryptocurrency industry for exchanges to periodically verify the identity of their users. This is done to prevent money laundering, fraud, and other illegal activities. By re-verifying your identity, Coinbase is able to maintain a secure and compliant platform for all users.
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• Feb 19, 2022 · 3 years ago
  At BYDFi, we understand that going through the identity verification process again can be frustrating. However, it's important to remember that this is a necessary step to ensure the security and integrity of the platform. By verifying your identity, Coinbase can protect your account and funds from unauthorized access and potential scams.
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