Does Coinbase need a photo ID?
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Yes, Coinbase requires a government-issued photo ID for identity verification, account creation, and full access to its services. This is a mandatory step to comply with financial regulations, such as anti-money laundering (AML) laws and know-your-customer (KYC) rules.
Why does Coinbase need my photo ID?
Coinbase requires identity verification for legal compliance and fraud prevention. This process may involve uploading ID photos or taking a selfie. You may refer to this link for more details. Hope this helps!
Is Coinbase legal in Germany?
Yes, Coinbase is legal in Germany, with its German entity, Coinbase Germany GmbH, holding a license from Germany's financial regulator, BaFin (Federal Financial Supervisory Authority) for crypto custody and trading, allowing German residents to legally buy, sell, and hold cryptocurrencies like Bitcoin and Ethereum, though they are treated as financial assets, not legal tender.
Do you need ID to buy crypto on Coinbase?
Coinbase requires identity verification for legal compliance and fraud prevention. Your Coinbase account will have limited functionalities until the identity verification process is completed.
Why is Coinbase asking for ID again?
We understand that being prompted to verify your account again, despite having completed the process before, can raise some concerns. Please know that as a regulated financial institution, Coinbase is required to make sure that all of our customers' information is updated, accurate, and verified.
Does Coinbase need your ID
Is it safe to upload an ID to Coinbase?
Our primary purpose in collecting personal information is to provide you with a secure, efficient, and customized experience. Additionally, verifying your identity helps to prevent fraud from occurring on our platform. We will never sell or rent your personal information to third parties.
How long does it take Coinbase to verify your identity?
After uploading, submit your documents. Coinbase will review your submission, which usually takes a few minutes to 48 hours, depending on demand. You'll receive an email notification once your identity is verified.
Can you buy crypto without an ID?
Yes, you can buy $BTC without providing your Social Security Number (SSN) or its equivalent in your country. You can do so by using the no-KYC exchanges, P2P platforms, Bitcoin ATMs, or prepaid cards.
What is the downside of Coinbase wallet?
Its intuitive interface and integration with Coinbase make it appealing, yet its hot wallet nature, limited (+1★(214)★444★9396) token support, and lack of recovery options are undeniable downsides. If you're a seasoned crypto user comfortable managing private keys, (+1★(214)★444★9396) it's a strong option.
How to verify Coinbase in Germany?
Sign in to Coinbase. When prompted, select Verify your info. Follow the instructions to upload your ID.
Which country owns Coinbase?
Coinbase Global, Inc. is an American cryptocurrency exchange. It was founded in 2012 by Brian Armstrong and Fred Ehrsam.
Can the IRS see my Coinbase account?
Coinbase provides the IRS with a copy of each 1099-MISC it issues to users. This form signals to the IRS that the user has crypto-related income that must be reported. From the 2025 tax year, it will also report Form 1099-DA, reporting gross proceeds for its users. The 1099-MISC does not include your gains or losses.
Is it safe to send photos of your ID?
Never send anyone a picture of your ID over the internet. Instead, use a secure file-sharing platform that encrypts your ID so no one can intercept your sensitive information and steal it. Always keep your credit frozen as a precaution so no one can open lines of credit or get loans in your name without your knowledge.
Can I use Coinbase without SSN?
In the USA, Coinbase requires your Social Security Number (or an equivalent government-issued identifier like the one on your driver's license or passport) for identity verification to comply with government regulations (such as AML/KYC rules enforced by FinCEN and IRS reporting requirements).
Why does crypto need my ID?
In the fight against fraud, digital identity verification is an important part of crypto companies' arsenal, providing the information needed to quickly spot and stop fraudsters at scale, while delivering the seamless and secure experience that users now expect when trading online.
Can I use Coinbase without an ID?
For legal, compliance, and fraud-prevention purposes, Coinbase requires identity verification at account creation and periodically for recordkeeping. Accounts have limited functionality until verification is complete.
How much would I have if I invested $1000 in Bitcoin 5 years ago?
A $1,000 Bitcoin purchase on Aug. 20, 2020, would be worth roughly $9,784 five years later. The bull run included a roughly 75% drawdown by the end of 2022 -- followed by another strong rebound.
Is it possible to buy crypto anonymously?
Buying Bitcoin without registration or verification is possible via Bitcoin ATMs, P2P platforms or decentralised exchanges, but often with limitations. Anonymous purchase methods for cryptocurrencies tend to have higher fees and rarely allow credit card payments.
How many of the 21 million bitcoins are left?
Limited Supply: Bitcoin's maximum supply is 21 million coins, and as of October 2025, more than 19 million have been mined. Remaining bitcoins: There are approximately 1.5 million bitcoins left to be mined. Impact on Value: Knowing this matters because it affects Bitcoin's value and future price.
How much does Coinbase charge to cash out?
Coinbase withdrawal fees vary significantly by method: US customers get free ACH bank transfers, but wire transfers cost around $25; crypto withdrawals have variable network (gas) fees depending on congestion (e.g., <$1 for many coins, more for Bitcoin/Ethereum), with USDC often being free on supported networks; and PayPal withdrawals have varying fees, while bank card withdrawals can have a 2% fee in some regions. Always check the specific fee on the platform before confirming any withdrawal.
Which crypto has 0 transaction fees?
The blockchains with the lowest fees today include Nano, IOTA, Stellar, Algorand, Solana, Tron, and Ripple, all offering extremely cheap or near-zero-cost transactions. These cryptos with low gas fees make everyday payments, remittances, and even DeFi operations far more affordable compared to Ethereum or Bitcoin.
Why does Coinbase require a photo ID?
For legal, compliance and fraud-prevention purposes, Coinbase requires identity verification at account creation and periodically for record-keeping. Accounts have limited functionality until verification is complete.
Does Coinbase ask for a selfie?
Coinbase requires users to take a selfie during the verification process. This step helps confirm that the person submitting the ID is the same as the person in the government-issued photo. Coinbase may also ask for proof of address.
Where is Coinbase located?
(Coinbase) is a Cryptocurrency Exchange located in San Francisco, CA United States, North America, and was founded in 2012.