If you’re looking to buy or sell cryptocurrencies on Coinbase, you may have noticed that the process now includes a “selfie verification” step. This is a new security measure that Coinbase has implemented in order to verify the identity of its users and help prevent fraud. Here’s how it works: when you try to buy or sell cryptocurrencies on Coinbase, you’ll be prompted to take a selfie with your government-issued ID.
Once your photo has been verified, you’ll be able to complete your transaction. Selfie verification may seem like an odd way to verify someone’s identity, but it’s actually quite effective. By making users take a photo of themselves with their ID, Coinbase can confirm that the person behind the account is who they say they are.
This helps prevent fraud and protects users’ accounts from being hacked. Overall, selfie verification is a quick and easy way for Coinbase to verify its users’ identities without having to rely on traditional methods like know-your-customer (KYC) checks. If you’re using Coinbase to buy or sell cryptocurrencies, make sure to have your ID ready so that you can complete the selfie verification step quickly and easily.
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