How Long Does It Take for Coinbase to Verify ID in 2024?

In the world of cryptocurrency, security is of paramount importance. As one of the most well-known cryptocurrency exchanges, Coinbase understands the need for rigorous identity verification to ensure the safety of user funds. But how long does it take for Coinbase to verify ID in 2024?

In this article, we will explore the Coinbase verification process, including the time it takes for verification to complete. Let’s dive into the details.

Why is ID verification important on Coinbase?

Before diving into the specifics of the Coinbase verification process, it is crucial to understand why ID verification is necessary. Coinbase, like many other cryptocurrency exchanges, is committed to complying with anti-money laundering (AML) and know-your-customer (KYC) regulations. These regulations aim to prevent fraudulent activities, such as money laundering and illegal use of the platform.

By verifying your identity, Coinbase can ensure that you are a legitimate user without engaging in illicit activities. Additionally, the verification process allows Coinbase to offer advanced features and services to trusted users, such as higher withdrawal limits and trading with fiat currencies.

The levels of Coinbase ID verification

The Coinbase verification process consists of multiple levels requiring different information and documentation. Let’s take a closer look at each level:

Email and phone verification

The first verification level on Coinbase involves verifying your email address and phone number. This step is relatively straightforward and can be completed instantly. Moreover, by confirming your email and phone number, Coinbase can ensure that you have a valid means of communication and enhance the security of your account.

Identity verification

The second level of verification on Coinbase is identity verification. This step requires providing personal information and uploading a valid photo ID. While the accepted forms of ID may vary depending on your country of residence, they generally include a driver’s license, passport, or national ID card.

Coinbase will review the information and compare it with the ID document provided during the identity verification process. Therefore, this step ensures that the details you entered during the sign-up process match the information on your official identification document.

Personal information verification

The third and highest verification level on Coinbase involves submitting additional personal information, such as your residential address and social security number (or equivalent government-issued identification number). Hence, this level of verification grants access to the full range of Coinbase features and services.

Also Read: Is Coinbase Wallet Safe? A Comprehensive Analysis (2024)

How long does Coinbase verification take?

Coinbase verifies accounts for varying durations, depending on several factors. While email and phone verifications are instant, identity verification may take several minutes, a few days, or even longer. The time it takes for Coinbase to verify your ID is directly related to the verification level you are trying to achieve and the volume of verification requests processed at any given time.

Coinbase strives to process verifications promptly. However, the verification process may sometimes need more time due to the high volume of requests. Therefore, it is imperative that you provide accurate information and documents that match the details you entered during the sign-up process. Any discrepancies or incomplete information may prolong the verification process.

Factors affecting verification time

Several instances can affect the time it takes for Coinbase to verify your ID:

Document review: Coinbase manually reviews each document uploaded for verification. The time taken for this review process can vary depending on the workload of the verification team.

Document authenticity: Coinbase prioritizes security and fraud prevention. If there are any concerns about the authenticity of the uploaded document or the information provided, additional scrutiny may be required, leading to a longer verification time.

Platform usage: The verification process may take longer during peak usage periods when there is a higher volume of verification requests. Conversely, verification may be faster during periods of lower demand.

Also Read: How to Withdraw From Coinbase Wallet – A Step-by-Step Guide

Average verification timeframes

The Coinbase verification process typically takes a few minutes to a few hours to complete. However, in some cases, it may take up to 24 hours. The delay is often due to document review and authenticity checks, which Coinbase performs to ensure the verification process’s accuracy and security.

It’s important to note that the verification process can vary from user to user. While some users may have their accounts verified within minutes, others may experience delays for various reasons. Patience is key during the verification process, and it is advisable to avoid multiple attempts as this may further delay verification.

Tips to expedite the Coinbase verification process

While the verification process on Coinbase is generally efficient, there are steps you can take to expedite the process and ensure a smooth experience. Here are some tips to help you speed up the Coinbase verification process:

Provide accurate and complete information

When signing up for Coinbase, provide accurate and complete personal information. Double-check your name, address, and other details to ensure they match the information on your ID document. Any inconsistencies or errors may result in a more prolonged verification process or even rejection.

Follow guidelines for document uploads

When uploading your ID document, carefully follow the guidelines provided by Coinbase. Additionally, ensure the document is clear, valid, and not expired. Take high-quality front and back photos, ensuring all details are visible and legible. Avoid glare, shadows, or any obstruction affecting the verification process.

Enable two-factor authentication (2FA)

Enabling two-factor authentication (2FA) adds an extra layer of security to your Coinbase account. Linking your account to a mobile device or security key provides an additional verification step when logging in or performing sensitive actions. It not only enhances security but may also help expedite the verification process.

Also Read: How to Fix “ChatGPT Verification Stuck” Error – Troubleshooting Guide

Summing up

The Coinbase verification process is essential to ensure the platform’s security and compliance. While the time it takes for Coinbase to verify ID can vary, it typically ranges from a few minutes to a few hours. By following the tips and guidelines, you can expedite the verification process and gain access to the full range of Coinbase features and services.

Remember to provide accurate and complete information, follow document upload guidelines, and enable two-factor authentication for added security. In case of any issues or delays, consult Coinbase support or check the Coinbase status page for updates. Lastly, stay patient and vigilant throughout the verification process, and soon, you’ll be ready to embark on your cryptocurrency journey with Coinbase.