What are the reasons why Coinbase is asking for my ID again?

3 answers

• Mar 18, 2022 · 3 years ago
  Coinbase is a regulated exchange and they have to comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. Asking for ID verification again is a standard procedure to ensure the security and legitimacy of their users' accounts. It helps them prevent fraud, money laundering, and other illegal activities.
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• Mar 18, 2022 · 3 years ago
  Hey, don't worry! Coinbase is just doing their due diligence. They want to make sure that you are who you say you are and that you're not using their platform for any shady stuff. It's a good thing that they are taking security seriously. Just submit your ID again and you'll be good to go!
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• Mar 18, 2022 · 3 years ago
  As a representative of BYDFi, I can tell you that Coinbase is not the only exchange that asks for ID verification multiple times. It's a common practice in the cryptocurrency industry. The reason behind it is to maintain compliance with regulations and to ensure the safety of the platform and its users. So, it's nothing to worry about. Just follow the instructions and provide the necessary documents.
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