Once you log in to the mobile app, Coinbase will prompt you to continue from where you left off. However, even in jurisdictions where the regulatory landscape for crypto is gray Coinbase still makes sure to comply with KYC and AML processes. This means that if a financial institution like Coinbase wants to offer you access to financial products it needs to know who you are. If you click on “verify your address” it will take you to the Coinbase website and ask you to verify your legal name and address.
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However, it will be easier if you abandon the process on the desktop and continue with a mobile device. Overseas citizens can upload a passport, national identity card, or government-issued photo ID. If for some reason what is a valuation account their document reader can’t read your upload then it can take up to 2 hours. You can withdraw funds and you can store USD in your coinbase account. If their software is not sure they will need a human to do this.
Verification Levels in the EU
The second level took me about 5 minutes complete but I got an email rejecting my proof of address within 2-3 minutes. You will need to upload ID verification to complete level 3 in the US. To do this navigate to setting in the top left and select Profile and Settings. No, US residents can only verify their account by uploading a driver’s license or state-issued ID. If you are on a desktop device you can take a photo using your phone and then send that photo to your laptop.
Step 3: Select Limits and features
At Level 2 you are allowed unlimited buying and selling of crypto and you will be able to send crypto outside of Coinbase. So you can get started trading with level 1 but to have the full unlimited experience you need Level 2 verification. Getting verified for Level 1 on Coinbase takes a couple of minutes. 99% of the time Coinbase will verify your ID within a few minutes. Coinbase uses a technology called Optical Character Recognition (OCR) to read the data on your ID. For this to work you need to help the software by making sure there are no smudges or glare on the photo that you upload.
How do I know if my Coinbase account is verified?
- However, it will be easier if you abandon the process on the desktop and continue with a mobile device.
- You will receive confirmation within the next 2-3 minutes via email.
- Coinbase needs your phone number to enable two-step verification.
Make sure you spell your address exactly as it is spelled in the document you upload. You will not be able to return to this section later on. Coinbase will send you an email once your account is verified. They will also send you an email if the account does not get verified. Sometimes Coinbase is unable to process your verification.
This is done for security purposes to ensure that no bots try to game their system. In my case, Coinbase’s OCR reader could not match what was written on my ID to what I had submitted when I filled in the address fields.
In this case, the ID verification process could take up to 2 hours. After you upload your ID on coinbase, verification usually takes 2-3 minutes. US citizens can upload driver’s licenses or state-issued IDs. It is most useful for active traders who use Coinbase Pro and want to be able to send their crypto to other wallets or exchanges.
Alternatively, you can reach out to Coinbase support. There is a chatbot in the bottom left of their website and you can ask to speak to a human if the automated customer support does not https://cryptolisting.org/ work for you. To verify for level 2 you need to fill in your personal information. If Coinbase rejects your ID verification then you will have to wait 24 hours before you can try again.
This makes it harder for hackers to perform transactions in your name. Once you verify your email, Coinbase will ask you for your phone number. Select your country from the drop-down and enter your phone number. Coinbase has a Bitlicense to operate in New York as well as the requisite licenses to operate in almost every other state in the US. If the issue persists then check Coinbase’s status page in case they are in maintenance mode.
Follow the steps in the app to set up an authentication code for Coinbase. Now, every time you log into Coinbase, Coinbase will prompt you to enter the code from the authenticator app. This renews every minute and makes it very hard for hackers to cheat and enter your account. When you receive this email Coinbase will as you to verify again. To verify for level 3 you need to verify your photo ID by uploading a driver’s license or state-issued ID.
