Market Cap: $2.7453T 3.350%
Volume(24h): $77.978B -14.830%
Fear & Greed Index:

18 - Extreme Fear

  • Market Cap: $2.7453T 3.350%
  • Volume(24h): $77.978B -14.830%
  • Fear & Greed Index:
  • Market Cap: $2.7453T 3.350%
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coinbase can't verify id

Due to legal mandates for compliance and user safety, Coinbase must verify your identity to prevent illegal activities and safeguard your funds through AML/KYC regulations.

Nov 04, 2024 at 07:22 am

Why Coinbase Can't Verify Users?

  1. To ensure the safety of user's funds and prevent fraud and illegal activities, Coinbase is required by law to collect certain information from users. To ensure compliance with anti-money laundering and know-your-customer (AML/KYC) regulations, Coinbase needs to verify user's identity.
  2. During identity verification, Coinbase checks the information provided by the user against various trusted data sources. This may include comparing it against government-issued documents, such as a passport or driving license, or other databases.
  3. If Coinbase is unable to verify a user's identity, it may take the following steps:
    a. Ask the user to provide additional information or documents for verification.
    b. Place a temporary hold on the user's account until the identity can be verified.
    c. Close the user's account if identity cannot be verified or if the user refuses to provide the necessary information.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

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