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Author Topic: Coinbase Verification - photo ID?  (Read 11038 times)
BitHodler
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May 14, 2017, 12:13:31 PM
 #21

Most centralized wallet/exchange will ask verification with photo as proof for big transaction. But if you only need bitcoin wallet, i'd recommend you to use decentralized wallet such as blockchain.info, mycelium and electrum.


Asking for verification will lead to exposure of their identity and i don't think that will be appreciated by most of the users. Bitcoin is in market because of its anonymity. We can receive and send those bitcoins anonymously without anyone looking over us.

That's exactly why i gave recommend decentralized wallet (web, pc, android).
Web wallets are centralized, and certain mobile wallet clients as well. If you care about decentralization, then best option will be to go for a desktop client such as Core.

Only downside for people in this case is that it requires them to download the entire blockchain, plus it's growing on a monthly basis ~ reducing your HDD space slowly but steadily.

But on the other hand, it will allow you to run a full node. It will help keeping the network a bit more decentralized.

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WarrEagle
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May 14, 2017, 12:52:44 PM
 #22

Most centralized wallet/exchange will ask verification with photo as proof for big transaction. But if you only need bitcoin wallet, i'd recommend you to use decentralized wallet such as blockchain.info, mycelium and electrum.


Asking for verification will lead to exposure of their identity and i don't think that will be appreciated by most of the users. Bitcoin is in market because of its anonymity. We can receive and send those bitcoins anonymously without anyone looking over us.

I think you got that backwards. Bitcoin is not a market because of anonymity. Dash and Monero are anon coins. Bitcoin is a market mostly because of speculation and the future of currency. Most of us do not care about Anon features.

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May 14, 2017, 10:28:13 PM
 #23

Most centralized wallet/exchange will ask verification with photo as proof for big transaction. But if you only need bitcoin wallet, i'd recommend you to use decentralized wallet such as blockchain.info, mycelium and electrum.


Asking for verification will lead to exposure of their identity and i don't think that will be appreciated by most of the users. Bitcoin is in market because of its anonymity. We can receive and send those bitcoins anonymously without anyone looking over us.

Exposure of identity is not a problem and if you really wanted the service from coinbase site you should comply the regulations that they wish you should do. You must not reveal to anyone your account so that you will not be expose and not pertaining to the wallet site itself. Being anonymous is not an act of suspecting where you have been registered with any site account but the most important thing is you keep the confidentiality yourself.

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nadine99
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May 15, 2017, 12:05:32 AM
 #24

you can use blockchain.info

personaly i dont like coinbase, it seems they freeze account so much,

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May 15, 2017, 03:52:45 AM
 #25

Created an account on coinbase and it seems that in addition to payment and phone number verification (and address), I need to upload a government-issued photo ID to use the service. Is this required of everyone?

With the amount of hacking going on these days, it does not seem safe to do so. If anyone gets into their database of photo IDs (even without accessing anything else), it would cause an inconceivable amount of identity theft.

Are there providers that do not require a photo ID?

ive yet to find an automatic btc provider that doesn't require id at some point in the journey to have a fully maxed out functionality account. you should still be able to use basic level features on coinbase without id but it will become a hindrance later on if you cant or wont provide them with the information they need to verify you. same with everyone else. you can go to paxful but you'll get screwed left and right.

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May 15, 2017, 09:37:53 PM
 #26

I would also be worried about a possible leak of ID's, but fortunately most exchanges that require a an ID scan allow you to put watermarks all over it or scan it with a lower resolution, so it can't be reprinted and used by criminals. If you're worried about a possible loss of anonymity then you have nothing to fear. In today's world we have no anonymity. All our activity leaves an internet footprint, and footprints create a path that someone can follow. Many people were found through doxes, because once in their lifetime they registered a domain or had a social media account. An exchange is just another point of leakage.


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