Coinbase is a popular cryptocurrency exchange that requires users to verify their identity before using the platform. This guide will provide an overview of the steps to set up a Coinbase account and the time it takes for Coinbase ID verification.
Read More: Transfer Crypto from Coinbase to Binance
How to Set Up Coinbase account?
To set up a Coinbase account, follow these steps:
Step 1: Download the App
Begin by downloading the Coinbase app from the App Store or Google Play Store, depending on your device.
Step 2: Sign Up
Open the app and sign up for a Coinbase account by providing your email address, creating a password, and agreeing to the terms of service.
Step 3: Verify Your Email
Verify your email address by clicking on the verification link sent to your inbox.
Step 4: Add Your Phone Number
Add your phone number to your Coinbase account for security purposes.
Step 4: Secure Your Account
Set up two-factor authentication (2FA) to enhance the security of your account.
Step 5: Verify Your Identity
Verify your identity by providing a government-issued ID, such as a driver’s license or passport, and a selfie of yourself holding the ID.
Step 6: Add a Payment Method
Add a payment method, such as a bank account or debit card, to your Coinbase account to fund your purchases.
Step 7: Explore the Dashboard
Once your account is set up and verified, you can explore the Coinbase dashboard to buy, sell, and manage your cryptocurrencies.
How long does it take Coinbase to Verify ID?
The time it takes for Coinbase to verify your ID can vary, ranging from a few minutes to a few hours, depending on several factors. These factors include the volume of verification requests, the authenticity of the uploaded documents, and the platform usage. In some cases, manual checks may be required, which can take longer. It is essential to provide accurate information and documents that match the details you entered during the sign-up process to expedite the verification process.
Automatic Checks
Coinbase uses automatic checks to verify your identity, which typically takes a few minutes to complete Coinbase ID Verification.
Manual Checks (If Needed)
In some cases, Coinbase may require manual checks to verify your identity, which can take up to a few days to complete. This may occur if your ID is difficult to read or if there are inconsistencies in the information provided.
Read More: How Long Does It Take to Transfer Crypto from Coinbase to Binance
Conclusion
In conclusion, setting up a Coinbase account involves downloading the app, signing up, verifying your email, adding your phone number, securing your account, verifying your identity, adding a payment method, and exploring the dashboard. Coinbase ID verification typically takes a few minutes, but manual checks may be required in some cases, which can take up to a few days. By following these steps and being patient, you can successfully set up a Coinbase account and start using the platform to buy, sell, and manage your cryptocurrencies.
