Is it possible to transfer bitcoin from Coinbase to another country without KYC verification?
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I want to transfer my bitcoin from Coinbase to another country, but I don't want to go through the KYC verification process. Is it possible to do so without KYC verification?
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3 answers
- Unfortunately, Coinbase requires KYC verification for all users who want to transfer bitcoin to another country. This is to comply with regulatory requirements and prevent illegal activities such as money laundering. KYC verification helps ensure the safety and security of transactions. Therefore, if you want to transfer your bitcoin from Coinbase to another country, you will need to complete the KYC verification process.
Dec 19, 2021 · 3 years ago
- Nope, you can't escape the KYC verification process if you want to transfer bitcoin from Coinbase to another country. It's a necessary evil in the world of cryptocurrency. Just like how you need to show your ID when you want to open a bank account, Coinbase needs to verify your identity to comply with regulations. So, buckle up and get ready to go through the KYC process if you want to transfer your bitcoin internationally.
Dec 19, 2021 · 3 years ago
- As an expert in the field, I can confirm that it is not possible to transfer bitcoin from Coinbase to another country without KYC verification. Coinbase is a regulated exchange and is required to follow strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. These regulations are in place to prevent illegal activities and ensure the safety and security of transactions. Therefore, if you want to transfer your bitcoin internationally, you will need to complete the KYC verification process on Coinbase.
Dec 19, 2021 · 3 years ago
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