Is providing a photograph necessary for using Coinbase?

5 answers

• May 16, 2022 · 3 years ago
  Yes, providing a photograph is necessary when signing up for Coinbase. This is part of their Know Your Customer (KYC) process, which is a requirement for all users. The purpose of this requirement is to verify the identity of users and prevent fraud and money laundering. It helps Coinbase ensure the safety and security of their platform. While it may seem like an inconvenience, it is a necessary step to protect both the users and the platform.
  447

  224
• May 16, 2022 · 3 years ago
  Absolutely! Coinbase requires users to provide a photograph as part of their KYC process. This is a standard practice in the cryptocurrency industry and is aimed at preventing illegal activities such as money laundering and fraud. While it may take a few extra minutes to upload a photograph, it is a small price to pay for the added security and peace of mind.
  361

  121
• May 16, 2022 · 3 years ago
  Yes, Coinbase does require users to provide a photograph during the sign-up process. This is to comply with regulatory requirements and ensure the safety and security of the platform. By verifying the identity of users, Coinbase can prevent unauthorized access and protect against fraudulent activities. So, while it may seem like a hassle, it is an important step in creating a secure and trustworthy environment for all users.
  428

  107
• May 16, 2022 · 3 years ago
  Indeed, Coinbase does require users to provide a photograph as part of their KYC process. This is a common practice in the cryptocurrency industry to ensure compliance with regulations and prevent illegal activities. By verifying the identity of users, Coinbase can maintain a high level of security and protect against potential risks. So, while it may seem like an extra step, it is necessary for the overall safety and integrity of the platform.
  448

  90
• May 16, 2022 · 3 years ago
  Yes, providing a photograph is necessary when signing up for Coinbase. This is a standard procedure in the cryptocurrency industry to comply with regulatory requirements and prevent fraudulent activities. By verifying the identity of users, Coinbase can maintain a secure and trustworthy platform for trading cryptocurrencies. So, while it may take a bit of extra time, it is an important step in the onboarding process.
  420

  70