Yes, Coinbase requires full KYC verification. Coinbase is a fully regulated and licensed crypto exchange located in the United States.
Without identity verification, you can not use Coinbase services. If you want to trade, deposit, and withdraw on Coinbase, you must verify your identity by providing personal information.
Coinbase KYC Requirements
In order to verify your identity on Coinbase, you must submit personal information, including government-issued documents and proof of residence.
There are two KYC levels on Coinbase granting you access to the platform.
Identity Verification – Level 1 KYC
The requirements for the first KYC level are as follows:
- Phone Number
- Government-issued ID
Address Verification – Level 2 KYC
The second KYC level requires proof of address and additional verification. For proof of address, you may use a utility bill or bank statement no older than three months.
- Additional Verification
- Utility bills, bank statements, resident permit
Coinbase Withdrawal Limits
The daily withdrawal limits on Coinbase vary based on your identification level. Refer to the table below for further information. The limits apply for a 24-hour duration.
| KYC Level | Crypto Withdrawal Limit |
|---|---|
| Level 1 KYC | $100,000 |
| Level 2 KYC | $200,000 |
FAQ
Does Coinbase require KYC?
Yes, Coinbase requires KYC verification. That means you must go through the identification process; otherwise, you can not use Coinbase products and services.
Is Coinbase legit?
Coinbase is one of the largest crypto exchanges, with over 100 million users. What we love about Coinbase is its strong regulatory standing.
While Coinbase appears to be a legitimate crypto exchange, we recommend storing your funds in your personal hardware wallet. Not your keys, not your cryptos.
Is Coinbase available in the United States?
Yes, Coinbase is available in the United States. In fact, Coinbase is the largest crypto exchange in the US.
