What is the purpose of Coinbase asking for a photograph?

3 answers

• Dec 16, 2021 · 3 years ago
  Coinbase asks for a photograph as part of their Know Your Customer (KYC) process. This is a standard procedure in the cryptocurrency industry to verify the identity of users and prevent fraud. By requesting a photograph, Coinbase can compare it with the identification documents provided by the user to ensure that they match. This helps to create a more secure and trustworthy platform for trading digital assets.
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• Dec 16, 2021 · 3 years ago
  Coinbase wants to make sure that the person opening an account is who they say they are. By asking for a photograph, they can verify the user's identity and prevent unauthorized access to the platform. It's a way for Coinbase to protect its users and comply with regulatory requirements. So, don't worry, it's just a security measure to ensure the safety of your funds.
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• Dec 16, 2021 · 3 years ago
  As a leading cryptocurrency exchange, Coinbase takes security very seriously. By asking for a photograph, they can verify the identity of their users and ensure that they are not involved in any illegal activities. This helps to maintain the integrity of the platform and protect the interests of all users. So, providing a photograph is a necessary step to ensure a safe and secure trading environment on Coinbase.
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