Why does Coinbase keep asking for verification?

3 answers

• Nov 26, 2021 · 3 years ago
  Coinbase keeps asking for verification to ensure the security and compliance of their platform. By verifying your identity and documents, Coinbase can prevent fraud, money laundering, and other illegal activities. It is a standard practice in the cryptocurrency industry to comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. So, even if you have already provided the necessary documents, Coinbase may request additional verification to maintain a secure trading environment.
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• Nov 26, 2021 · 3 years ago
  Coinbase wants to make sure that all users on their platform are legitimate and adhere to regulatory requirements. By continuously asking for verification, Coinbase can minimize the risk of fraudulent activities and protect their users' funds. It may seem repetitive, but it's a necessary step to maintain the integrity of the platform and comply with legal obligations.
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• Nov 26, 2021 · 3 years ago
  As an expert in the cryptocurrency industry, I can tell you that Coinbase is not the only exchange that asks for verification. Other exchanges, such as Binance and BYDFi, also have similar verification processes. It's a standard procedure to ensure the safety and security of the platform and its users. So, don't be surprised if you encounter verification requests on other exchanges as well. It's all part of the effort to create a trustworthy and compliant cryptocurrency ecosystem.
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