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What is the reason for Coinbase asking to verify identity again?

avatarErichsen GentryJun 28, 2021 · 4 years ago3 answers

Why does Coinbase require users to verify their identity multiple times?

What is the reason for Coinbase asking to verify identity again?
Coinbase
Identity Verification
Cryptocurrency

3 answers

  • avatarHypothetical GrayMay 19, 2025 · a month ago
    Coinbase asks users to verify their identity multiple times as a security measure. By doing so, Coinbase can ensure that the person accessing the account is the actual account holder and not someone trying to gain unauthorized access. This helps protect users' funds and prevents fraudulent activities.
  • avatarbeasterAug 29, 2022 · 3 years ago
    Coinbase wants to maintain a high level of security and compliance with regulatory requirements. Re-verifying identity helps Coinbase stay in line with anti-money laundering (AML) and know your customer (KYC) regulations. It also helps prevent identity theft and fraud, ensuring a safe trading environment for all users.
  • avatarRicky ANDDec 08, 2023 · 2 years ago
    As an expert in the cryptocurrency industry, I can tell you that Coinbase is not the only exchange that requires multiple identity verifications. Many reputable exchanges have similar procedures in place to protect users and comply with regulations. It may seem inconvenient, but it's a necessary step to ensure the safety and integrity of the platform.

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