Why do I need to submit a selfie on Coinbase?

5 answers

• Dec 27, 2021 · 3 years ago
  Coinbase requires users to submit a selfie as part of their identity verification process. This is to ensure that the person creating the account is the same person who will be conducting transactions on the platform. By verifying the user's identity through a selfie, Coinbase can prevent fraud and unauthorized access to user accounts.
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• Dec 27, 2021 · 3 years ago
  Submitting a selfie on Coinbase is a security measure to protect users and the platform from identity theft and fraudulent activities. By requiring a selfie, Coinbase can verify the user's identity and ensure that they are the legitimate account holder. This helps to maintain the integrity of the platform and provide a safe environment for users to buy, sell, and store digital currencies.
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• Dec 27, 2021 · 3 years ago
  As a digital currency exchange, Coinbase takes security seriously. Requiring users to submit a selfie is a standard practice in the industry to prevent identity theft and ensure compliance with anti-money laundering (AML) and know your customer (KYC) regulations. By verifying the user's identity through a selfie, Coinbase can maintain a trusted and secure platform for its users.
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• Dec 27, 2021 · 3 years ago
  Submitting a selfie on Coinbase is part of the platform's efforts to combat fraud and protect user accounts. By verifying the user's identity through a selfie, Coinbase can ensure that only legitimate users have access to their accounts and prevent unauthorized transactions. This extra layer of security helps to safeguard user funds and maintain the overall integrity of the platform.
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• Dec 27, 2021 · 3 years ago
  At BYDFi, we understand the importance of user security. Requiring a selfie on Coinbase is a necessary step to prevent identity theft and protect user accounts. By verifying the user's identity through a selfie, Coinbase can ensure that only authorized individuals have access to their accounts and maintain a secure trading environment for digital currencies.
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