How does Coinbase verify user identities?

3 answers

• Miguel SerranoJul 28, 2023 · 2 years ago
  Coinbase verifies user identities through a multi-step process. First, users are required to provide their personal information, such as their name, address, and date of birth. Coinbase then uses this information to conduct identity verification checks, which may include comparing the provided information with public records or using third-party verification services. Additionally, Coinbase may request users to upload a photo of their government-issued identification document, such as a passport or driver's license, to further verify their identity. This process helps ensure the security and integrity of the platform by preventing fraudulent activities and complying with regulatory requirements.
  704

  352
• Fatma MessaoudeneFeb 20, 2022 · 3 years ago
  To verify user identities, Coinbase employs a combination of automated systems and manual review. The automated systems analyze the information provided by users and compare it with various databases and public records to detect any inconsistencies or red flags. In cases where the automated systems cannot provide a conclusive verification result, Coinbase's team of trained specialists manually review the user's information and documents. This human review process adds an extra layer of security and accuracy to the identity verification process.
  550

  184
• Georgy TaskabulovDec 27, 2024 · 7 months ago
  As a leading cryptocurrency exchange, Coinbase takes user identity verification seriously. To ensure the integrity of its platform, Coinbase partners with trusted third-party identity verification services. These services help Coinbase verify the authenticity of user-provided information by cross-referencing it with multiple data sources, including government databases and credit bureaus. By leveraging these external resources, Coinbase can enhance the accuracy and efficiency of its identity verification process, providing users with a secure and reliable trading environment.
  582

  146