Is it necessary to have an ID when using Coinbase for cryptocurrency trading?

4 answers

• Sainty kumarJul 18, 2021 · 4 years ago
  Yes, it is necessary to have an ID when using Coinbase for cryptocurrency trading. Coinbase is a regulated exchange and is required to comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. Providing identification documents helps Coinbase verify your identity and ensure compliance with these regulations. It also adds an extra layer of security to protect your account and funds.
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• Priya ChoudharyOct 10, 2021 · 4 years ago
  Absolutely! Coinbase, being a reputable cryptocurrency exchange, follows strict regulatory guidelines. This means that you will need to provide identification documents to use their platform. These documents are used to verify your identity and comply with KYC and AML regulations. So, make sure to have your ID ready before signing up on Coinbase.
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• Pluem1106Feb 22, 2023 · 2 years ago
  Yes, having an ID is a requirement when using Coinbase for cryptocurrency trading. Coinbase takes regulatory compliance seriously and adheres to KYC and AML regulations. These measures are in place to prevent fraud, money laundering, and other illegal activities. So, if you want to trade on Coinbase, be prepared to provide your identification documents during the registration process.
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• Nikolos DolidzeMar 03, 2025 · 5 months ago
  As an expert in the field, I can confirm that having an ID is indeed necessary when using Coinbase for cryptocurrency trading. However, it's important to note that not all exchanges have the same requirements. For example, at BYDFi, another popular cryptocurrency exchange, you can trade without providing identification documents. So, if privacy is a concern for you, you may consider exploring alternative exchanges.
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