How Do You Create a Coinbase Account? – Fred
According to Coinbase, financial regulators demand that it requests personal information about customers it serves on its platform. It can be assumed that this is in a bid to meet the KYC requirements in order to curb money laundering and other criminal use of cryptocurrencies.
Keep in mind that you need to supply the correct information because you will need to present either a driver’s license, passport, or photo identification in order to complete your account registration on the Coinbase platform.
However, these requirements may differ depending on the country you’re registering from and if it is the U.S, for instance, it is mandatory to supply them before you can trade. Other countries may not require it and if that’s so in your case, you can proceed to trade with your newly created account
- Choose a type of ID such as ‘Passport,’ ‘Driver’s License,’ or ‘Photo ID’.
- If it’s Photo ID you’ve settled for, then you choose between taking a picture or presenting an existing ID.
- If you have settled to take a live picture of your ID, proceed to turn on your webcam by clicking on ‘Allow’ on the pop-up notification.
- First, you’ll need to take a picture of the front of your ID and as such, select ‘I’m ready’.
- Now, capture the back of your ID and select ‘Next’.
- And finally, a personal picture of yourself.
- Once you’ve submitted these items, Coinbase will begin an automatic verification of your account.
Buy, Sell, and Trading Using Coinbase Wallet
Now that your Coinbase account has been set up, you can start trading on the platform right away. You can also opt to buy Bitcoin on Coinbase using your credit card or bank on the U.S. based cryptocurrency exchange. You can also proceed to set up two-factor authentication to secure your account.
Published at Mon, 10 Feb 2020 13:57:27 +0000
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