What is the process of verifying your bank account on Coinbase to buy and sell digital currencies?

3 answers

• Lauesen JohannessenMar 10, 2025 · 4 months ago
  Sure! To verify your bank account on Coinbase, follow these steps: 1. Log in to your Coinbase account and navigate to the 'Settings' page. 2. Click on 'Linked Accounts' and then select 'Bank Account'. 3. Choose your bank from the list of available options. 4. Enter your online banking credentials to securely connect your bank account to Coinbase. 5. Coinbase will then initiate a small deposit and withdrawal to verify your bank account. These amounts will appear in your bank statement within a few business days. 6. Once you see the deposit and withdrawal amounts in your bank statement, return to the 'Linked Accounts' page on Coinbase and enter the exact amounts. 7. Congratulations! Your bank account is now verified on Coinbase, and you can start buying and selling digital currencies.
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• F-BravoMar 26, 2023 · 2 years ago
  Verifying your bank account on Coinbase is a straightforward process. Here's what you need to do: 1. Log in to your Coinbase account and go to the 'Settings' page. 2. Click on 'Linked Accounts' and select 'Bank Account'. 3. Choose your bank from the provided list. 4. Enter your online banking login credentials. 5. Coinbase will then initiate a verification process by making two small deposits into your bank account. 6. Check your bank statement for these deposits and note down the exact amounts. 7. Return to the 'Linked Accounts' page on Coinbase and enter the deposit amounts to complete the verification process. 8. That's it! Your bank account is now verified, and you can start trading digital currencies on Coinbase.
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• ixsploitJan 17, 2023 · 3 years ago
  Verifying your bank account on Coinbase is a necessary step to ensure the security and legitimacy of your transactions. Here's how you can do it: 1. Log in to your Coinbase account and access the 'Settings' page. 2. Navigate to 'Linked Accounts' and choose 'Bank Account'. 3. Select your bank from the provided options. 4. Enter your online banking login details to securely link your bank account. 5. Coinbase will then initiate a verification process by depositing and withdrawing small amounts from your bank account. 6. Check your bank statement for these transactions and take note of the exact amounts. 7. Return to the 'Linked Accounts' page on Coinbase and enter the deposit and withdrawal amounts to complete the verification. 8. Congratulations! Your bank account is now verified, and you can start trading digital currencies on Coinbase with confidence.
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