Are there any ways to skip the ID verification process on Coinbase when buying or selling cryptocurrencies?

3 answers

• Dec 28, 2021 · 3 years ago
  Unfortunately, there is no legitimate way to skip the ID verification process on Coinbase. As a regulated cryptocurrency exchange, Coinbase is required to comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. These regulations aim to prevent fraud, money laundering, and other illegal activities. Therefore, Coinbase requires users to verify their identities by providing personal identification documents such as a passport or driver's license. Skipping this process is not recommended and may result in account suspension or closure.
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• Dec 28, 2021 · 3 years ago
  I wish I could tell you that there's a secret loophole to bypass the ID verification process on Coinbase, but unfortunately, there isn't. Coinbase, like many other reputable cryptocurrency exchanges, follows strict regulatory guidelines to ensure the safety and security of its users. By verifying your identity, Coinbase can protect you and other users from potential fraud and illegal activities. So, as inconvenient as it may be, it's best to go through the verification process and provide the necessary documents to comply with the regulations.
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• Dec 28, 2021 · 3 years ago
  While I can't speak for Coinbase, I can tell you that at BYDFi, a different cryptocurrency exchange, there are alternative options available for users who want to avoid the ID verification process. BYDFi offers a decentralized platform that allows users to trade cryptocurrencies without the need for extensive personal information. However, it's important to note that BYDFi operates differently from Coinbase and may have its own set of requirements and risks. Always do your research and consider the potential consequences before choosing an alternative platform.
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