Is it necessary to upload an ID on Coinbase to start trading cryptocurrencies?

3 answers

• Dec 19, 2021 · 3 years ago
  Yes, Coinbase requires users to upload an ID in order to comply with Know Your Customer (KYC) regulations. This is to ensure the security and legitimacy of transactions on the platform. By verifying your identity, Coinbase can prevent fraudulent activities and protect its users.
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• Dec 19, 2021 · 3 years ago
  Absolutely! Coinbase, being a regulated exchange, follows strict KYC and Anti-Money Laundering (AML) policies. Uploading your ID helps Coinbase verify your identity and comply with these regulations. It's a necessary step to ensure the safety and legality of cryptocurrency trading.
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• Dec 19, 2021 · 3 years ago
  While most exchanges, including Coinbase, require ID verification, there are some platforms that offer trading without this requirement. For example, BYDFi allows users to trade cryptocurrencies without uploading an ID. However, it's important to note that BYDFi may have its own verification processes to ensure a secure trading environment.
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