How Long Does Coinbase Verification Take? (2024) (2024)

In this guide, you will learn about the Coinbase verification process and how long the Coinbase verification takes. So if you plan to use Coinbase, here’s what you need to know about its verification process.

“How long does Coinbase KYC verification take?” is one of the most common questions asked by people who want to start trading cryptocurrencies. Being one of the most popular and reliable cryptocurrency exchanges, Coinbase has implemented a strict KYC (Know Your Customer) policy. This policy requires new Coinbase users to provide certain personal information and documents before buying or selling cryptocurrencies.

This process helps the exchange to comply with all applicable laws and regulations and protect user data. Let’s learn more about how long this verification process may take when you sign up for Coinbase.

How Long Does Coinbase Verification Take?

The length of the verification process depends on several factors, including your country, the documents you submit, and how quickly Coinbase verifies them.

Generally speaking, it can take up to 24 to 48 hours for Coinbase to verify and approve your identity. Once this has been done, you will have access to Coinbase’s full range of features.

The speed of the verification process can also be affected by many factors, including;

  • The type of documents submitted
  • The type of verification you are applying for
  • The country you are located in
  • Any additional information that Coinbase requests

In most cases, however, verification should take no longer than 48 hours. If it takes any longer than this, then it’s best to contact Coinbase support, who will be able to investigate the issue and provide assistance.

How Long Does Coinbase Verification Take? (2024) (1)

How Does Coinbase Verification Work?

Coinbase requires three verification levels; let’s take a look at them.

1. Verify the name, phone number, and email address

The first step in the Coinbase verification process is to verify your name, phone number, and email address. This step is usually done instantly and requires entering your name and email address. You are also required to accept the terms and conditions of the platform when creating a new Coinbase account.

This step only takes about 2 to 3 minutes.

2. Submit personal ID, deposit, and withdrawal methods

The second step is to submit your identification documents, such as a passport or driver’s license, any deposit and withdrawal methods you plan to use on the platform, and any other information Coinbase requests.

Users can set limits and withdrawal processes, such as wire or ACH transfers. Coinbase may verify and approve the documents in up to 24 hours after this step.

3. Government ID verification

Lastly, Coinbase takes some additional security steps to verify your identity. This may include verifying a government-issued ID such as a passport or driver’s license. This step will take the longest and can take up to 48 hours for Coinbase to review, verify, and approve the documents.

Once you complete this step, your identity will be verified, and you will have access to Coinbase’s full range of features.

How Long Does Coinbase ID Verification Take?

There are different levels of Coinbase identity verification, and the time it takes to complete them will vary.

For basic account verification (Level 1), you may be asked to provide your full name, email address, phone number, and date of birth. This usually takes no more than a few minutes to verify.

For higher levels of ID verification (Level 2 or 3), you will be required to provide additional information such as your residential address, photo ID (e.g., driver’s license, national identity card or passport), and proof of residence (e.g., utility bill or credit card statement).

These levels of verification can take up to 24 to 48 hours to process, depending on the complexity of the verification and other factors.

Once your information is verified, you will be notified and can start using Coinbase platform services.

How Long Does Coinbase Verification Take? (2024) (2)

How Do I Speed Up My Coinbase Verification?

Coinbase has already made its verification straightforward so that basic account verification won’t take more than a few minutes (Level 1).

It’s important to ensure that all information entered is correct and accurate to ensure that your account is verified quickly.

If you’re trying to verify at higher levels of ID verification (Level 2 or 3), be prepared with the necessary identity documents, such as a government-issued photo ID, address verification documents, and proof of residence.

You should also ensure that all information entered accurately matches what’s on the documents you’re providing.

In some cases, Coinbase may also require additional information or documentation to complete the process.

If this is the case, be sure to answer any questions promptly and provide any additional information that’s requested.

How Long Does it Take Coinbase to Send the Verification Code?

Coinbase sends the verification code almost instantly, but sometimes it can take up to 10 minutes, depending on the connection and other factors.

If you don’t receive your verification code after a few minutes, ensure your internet connection is stable, or try restarting the authentication process.

You should also check the spam folder in your email inbox if you are using the email verification method. If the code is still not received after a few attempts, contact Coin base’s customer support for further assistance.

How Do I Know if My Coinbase is Verified?

When your Coinbase is verified, you will first notice that you can access the full range of services on the Coinbase website.

You can also find a “Verified” badge or label next to your name in your account overview, which indicates that verification has been successful.

Once the verification process is complete, Coinbase will send you a confirmation email to your registered email address. If you don’t see any of these signs, your Coinbase account has not yet been verified.

Is Coinbase Verification Instant?

Only if you enter the correct information will your name, phone number, and email address be verified almost instantly.

However, higher levels of ID verification (Level 2 or 3) may take up to 24 to 48 hours, depending on the complexity of the verification and other factors.

You will be notified once your information is verified and can start using Coinbase services. To ensure that your account is verified quickly, it’s important to ensure all information entered is correct and accurate.

If you’re having trouble verifying your Coinbase account, contact Coinbase’s customer support team for further assistance. They are available 24/7 to help answer any questions or provide additional guidance.

Why is Coinbase Still Verifying My Account?

Coinbase is still verifying your account due to various reasons, such as:

  1. High Demand: With an increase in the number of users, the verification procedure takes longer.
  2. Compliance Checks: Coinbase must perform various checks to verify your identity to comply with regulations.
  3. Inconsistent Information: If the information provided during identity verification is inconsistent, it will delay the process.
  4. Missing Documentation: Coinbase may require an additional id document from the user to complete the process.
  5. Technical Issues: Technical issues on Coinbase’s end can also slow down and affect the Coinbase verification time.

It’s advisable to check Coinbase’s status page for any known issues and to provide accurate and consistent information in all the documents during the Coinbase verification process.

Conclusion

So there you have it! Coinbase is one of the most secure and reliable crypto exchanges, and verifying your Coinbase account can be a quick process. All you need to do is ensure that the information entered is correct and accurate, provide any additional information requested by Coinbase’s verification system, and wait for the email confirmation to arrive once the ID verification process is complete.

FAQs

How Long Does Coinbase Verification Take?

Depending on the verification levels, Coinbase verification can be instant approval for mandatory ID verification or up to 48 hours.

Why Does Coinbase Need My ID?

Coinbase requires your ID to comply with anti-money laundering (AML) and know your customer (KYC) regulations. These regulations require financial institutions to verify the identity of their customers to prevent money laundering, terrorism financing, and other financial crimes. By collecting and verifying your ID information, Coinbase can ensure that its platform is used in a safe and compliant manner.

Why is My Coinbase Not Verifying?

Your Coinbase account may not be verified for several reasons, such as high demand leading to longer verification times, inconsistent or missing information provided during the verification process, compliance checks to comply with regulations, technical issues on Coinbase’s end, or additional documentation needed. To ensure a smooth verification process, it is recommended that you provide accurate and consistent information and check Coinbase’s status page for any known issues.

Can I Verify on the Coinbase Mobile App?

Users can complete identity verification with the Coinbase App on a mobile device by using their smartphone camera and following the on-screen instructions.

Related Posts

  • How Long Does Binance Verification Take?
  • How to Withdraw from Coinbase to a Wallet?
How Long Does Coinbase Verification Take? (2024) (2024)

FAQs

How Long Does Coinbase Verification Take? (2024)? ›

Enter the PIN code from the initial verification steps if signing in while verification is in progress. ID verification typically takes 10 minutes to 48 hours to complete.

Why is my Coinbase not verifying? ›

Try this: Make sure your legal name, date of birth, and any other details listed on your ID are entered identically on your Coinbase profile. If you've recently changed any information (like your last name), be sure to update both your ID and Coinbase account to match the new details.

How long does it take to verify a trade on Coinbase? ›

There is no set time for the duration of the Coinbase verification, as the process implies various types of information and documents. While in some cases, users can have their account verified in a few hours, other traders might have to wait up to 48 hours for Coinbase to verify their account.

Is it safe to give a photo ID to Coinbase? ›

Additionally, verifying your identity helps to prevent fraud from occurring on our platform. We will never sell or rent your personal information to third parties. For more information please check out our Privacy Policy and User Agreement.

How much is the verification deposit for Coinbase? ›

We strongly advise that you make an initial verification deposit for the small amount of $50 to your Exchange USD wallet, and then a small withdrawal to ensure the transactions are working properly.

How do I speed up Coinbase verification? ›

Tips to expedite the Coinbase verification process

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.

How many days does Coinbase verification take? ›

You can change your personal information from your Profile page. The ID verification process can take from 10 minutes to 48 hours.

Why does Coinbase take so long? ›

When you initiate a transaction, we broadcast it to the rest of the network so it can be confirmed. Our nodes may lose sync with the rest of the network for short periods of time, which can cause transactions to remain Pending longer than normal.

How long does Coinbase take to process? ›

US Customers

Purchases made using a debit card or the USD balance are instant. Bank purchases use the ACH transfer system, which typically takes 3-5 business days to complete (timing is displayed prior to confirming your order and in the confirmation email).

Does Coinbase report to IRS? ›

Under certain circ*mstances, Coinbase does report to the IRS, but that does not mean the individual taxpayers is not responsible for reporting. Coinbase's reports to the IRS can include forms 1099-MISC for US traders earning over $600 from crypto rewards or staking in a given tax year.

Can I use Coinbase without verification? ›

Identity verification is required for all Coinbase customers during sign-up and for existing customers. The process can include uploading pictures of your ID, taking a selfie, or recording a short selfie video. We may occasionally request additional details from some customer accounts to meet regulatory obligations.

Why can't I cash out on Coinbase? ›

Funds on hold

When you use a linked bank account (ACH) to buy crypto or add cash to your account balance, the funds are placed on hold and won't be immediately available to send or cash out. Think of this like depositing a check to your bank account and having to wait for it to clear before you can remove the funds.

What's better than Coinbase? ›

Binance stands out for lower fees than Coinbase, providing a cost-effective option for traders. If minimizing transaction costs is a priority, Binance offers competitive fee structures.

Why can i only deposit $250 on Coinbase? ›

Your account purchase or deposit limits are determined by many factors, including verification completed on your account, your purchase history, your payment type, and more. Some features may require additional document verification or information provided by you to verify your identity.

What is the maximum withdrawal from Coinbase? ›

For instance, fully verified US customers may withdraw up to $25,000 per day using ACH or $10,000 per day via wire transfer. These limits can be higher for users who have completed additional account verifications and those who have a history of high-volume trading on Coinbase.

Does Coinbase charge a monthly fee? ›

Coinbase Advanced Trade has advanced charting functions and allows users to make crypto-to-crypto transactions and place market, limit and stop orders. Coinbase also has an option called called Coinbase One, which offers no-fee trades and other benefits in exchange for a monthly fee of about $30.

How do I pass Coinbase verification? ›

To verify your identity (Mobile app / Browser):

Go to our Document Verification page and follow the on-screen instructions. Make sure the information on your documents matches your current account details. For a selfie video, follow the in-app instructions.

Why is my Coinbase transaction not confirming? ›

Occasionally, transactions are not accepted by the rest of the network (e.g. stale blocks). In this case, your transaction would not be confirmed on the blockchain and you will need to broadcast your transaction again.

Why can't i confirm my device on Coinbase? ›

To confirm a new device or IP address, or to reconfirm:
  1. You clear the cache and cookies from your browser.
  2. You use a different browser.
  3. Your browser is on private browsing or incognito mode.
  4. You use a VPN service or the TOR network.

Why can't my identity be verified online? ›

You did not enter a SSN on your form. You have a limited credit history. You are the victim of identity theft. You have a security freeze on your credit.

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