Although I've been out of the loop recently... I've been in this space for some time.
With that being said, I was looking to get back into trading/investing/earning some crypto in my spare time.
I recently made a Coinbase account to do some trading and to use their services that they provide to new users to earn some small amounts of crypto.
However, in order to "verify" my account, I have to give information such a photograph of my state ID and credit card info.
I'm not one to willingly give away such personal information... is this something I should feel comfortable doing?
I'm aware of the fact that coinbase is pretty much synonymous with crypto-trading, I just need to hear it from the forum first as to why it's a safe move.
Furthermore, if anyone has any other suggestions, tips, or new methods for earning some crypto... I could use some ideas. I'll continue to search around the forum in the meantime. Thanks
With that being said, I was looking to get back into trading/investing/earning some crypto in my spare time.
I recently made a Coinbase account to do some trading and to use their services that they provide to new users to earn some small amounts of crypto.
However, in order to "verify" my account, I have to give information such a photograph of my state ID and credit card info.
I'm not one to willingly give away such personal information... is this something I should feel comfortable doing?
I'm aware of the fact that coinbase is pretty much synonymous with crypto-trading, I just need to hear it from the forum first as to why it's a safe move.
Furthermore, if anyone has any other suggestions, tips, or new methods for earning some crypto... I could use some ideas. I'll continue to search around the forum in the meantime. Thanks
At the moment, most centralized exchanges require KYC verification. As far as I know, slowly all exchanges will have to make such adjustments. If you don't want to give your documents, you can still use decentralized exchanges such as IDEX or bisq.network.
I have been using Coinbase for several years and have never had any problems. Also, I didn't hear anyone having problems with them. In my opinion, this is the best secured exchange on the cryptocurrency market, but of course we will never have a full guarantee. Anyway I feel quite comfortable with them.