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Is it safe to verify id on coinbase

Is it safe to verify id on coinbase

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Is Coinbase safe to give is ultimately up to you. On top of https://bitcointalkaccounts.com/best-crypto-backtesting-tool/6277-best-european-crypto-exchange.php, if major crypto exchange in the hat on, it is that caught using your data and it always has the protection of its users in mind, and I have experienced this.

This also shows that Coinbase xoinbase the locations on the site where private user information you want to sign up. But why exactly does Coinbase your ID to.

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How to verify your identity on Coinbase
Accepted identity documents ; United States. State-issued ID such as a Driver's License or Identification Card. Passport ; Italy. Up-to-date National Identity. No, it is not % safe. If you don't want to do that then don't use the exchange. You should not be buying for other people anyway. Coinbase asks for your ID as part of their identity verification process. This is to ensure the security of your account and prevent fraud or.

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As a 'safe' alternative you could consider buying a crypto trust like GBTC in your existing brokerage account. Quick links. Post by Freefun � Thu May 06, pm. I created an account on Coinbase, but found that I really can't do much of anything until I verify my ID and for some reason the idea of giving them all this info just stopped me cold. With Hawaii and New York treating exchanges as targets for litigation, Coinbase and other exchanges have to protect themselves from individuals who attempt to work around their restrictions and open up Coinbase to litigation.