Is it necessary to verify my identity on Coinbase to buy or sell cryptocurrencies?

7 answers

• Gregory GlennDec 15, 2021 · 4 years ago
  Identity verification is a necessary step for buying or selling cryptocurrencies on Coinbase. This is because Coinbase is a regulated exchange and is required to comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. By verifying your identity, Coinbase ensures that it is operating within the legal framework and helps prevent fraudulent activities.
  377

  189
• KSOJul 11, 2025 · a month ago
  Yes, you need to verify your identity on Coinbase in order to buy or sell cryptocurrencies. This is a standard practice followed by most reputable cryptocurrency exchanges. Identity verification helps maintain the security and integrity of the platform, and also prevents illegal activities such as money laundering and fraud.
  326

  109
• Ph.taiJun 27, 2024 · a year ago
  As an expert in the cryptocurrency industry, I can confirm that Coinbase does require identity verification for buying or selling cryptocurrencies. This is to ensure the safety and security of the platform and its users. By verifying your identity, Coinbase can better protect against fraudulent activities and comply with regulatory requirements.
  347

  87
• Jesus Z.Dec 04, 2022 · 3 years ago
  Identity verification is a common requirement on most cryptocurrency exchanges, and Coinbase is no exception. Verifying your identity helps protect your account from unauthorized access and ensures the legitimacy of transactions. It may seem like an inconvenience, but it is a necessary step to ensure the safety and security of your funds.
  340

  68
• SheksterJan 31, 2022 · 4 years ago
  While I can't speak for Coinbase specifically, it is generally a standard practice for cryptocurrency exchanges to require identity verification. This is to comply with regulatory requirements and prevent illegal activities. It is important to remember that identity verification is in place to protect both the exchange and its users.
  335

  56
• Cedric DelmasJul 08, 2022 · 3 years ago
  As an industry expert, I can confirm that Coinbase does require identity verification for buying or selling cryptocurrencies. This is to ensure compliance with regulations and prevent illegal activities. By verifying your identity, Coinbase can provide a more secure and trustworthy trading environment for its users.
  317

  46
• senlin houJan 19, 2023 · 3 years ago
  Identity verification is a necessary step on Coinbase to buy or sell cryptocurrencies. This is to comply with regulatory requirements and ensure the safety of the platform. By verifying your identity, Coinbase can better protect against fraud and maintain the integrity of the exchange.
  286

  36