Coinbase is a popular crypto exchange that offers a fair, accessible, efficient, and transparent financial system. Coinbase was launched about a decade ago in the year 2012 and at the core of their buisiness is the idea that people should be able to easily and securely send and receive Bitcoin. With Coinbase, users can buy, sell, and exchange cryptocurrencies and you will be excited to know that the company offers over 100 tradable cryptocurrencies like Ethereum, Bitcoin, Dogecoin and several others. The company offers more opportunities to earn cryptocurrencies to its customers as they can either earn interest on eligible balances, or get a small amount of a new currency through Coinbase Earn. Coinbase runs two different platforms and these are Coinbase and Coinbase Pro, the two have their own unique differences but the similarities lie in the fact that each allows you to buy, sell, and trade cryptocurrencies.
You are required to register for a Coinbase account in order for you to start trading on the platform, but please note that mere registration alone is not enough but there is need for you to verify your account as this will make you get the most out of your Coinbase account. Coinbase doesn’t request you to verify you account just for the sake of it, Coinbase will actually be complying with financial regulations which requires them to verify your identity. The good thing about the Coinbase verification process is that it is very easy and it can either be done via the Coinbase mobile App or website. Before we proceed to explaining the verification process, you need to know the types of IDs which are accepted by Coinbase, IDs accepted by Coinbase are;
State-issued IDs such as a Driver License or Identification Card
Outside of United States
Government-issued photo ID
National Identity Card
Important: Please ensure your document is valid—we can’t accept expired IDs.
Please note that documents such as United States Passports, United States Permanent Resident Card (Green Card), School IDs, Medical IDs, Temporary (paper) IDs, Residence Permit, Public Services Card and Military IDs are unacceptable.
To verify your account, select any of the accepted ID types listed above
Proceed to select the method you will use to upload your ID, available methods are;
Once you have selected your upload method, you will receive a message to either your phone or email with instructions to complete the step’
Proceed to take a photo of the front and back opf your ID
Once you have completed this step, you will receive an email confirming whether or not your ID was verified
Below are some tips to make sure your ID is visible when capturing it with either a phone camera or webcam;
Use the latest version of Google Chrome browser (whether you’re on a computer or mobile device)
Your phone’s camera typically produces the clearest photo
Make sure your area is well-lit (natural light works best)
Use indirect light for your ID to avoid glare
If you must use a webcam, try setting the ID flat down and move the webcam instead of moving the ID
Use a plain background for the ID
Don’t hold the ID in your fingers (confuses the focusing lens)