Thanks for the information. That sounds simple enough. Which ID has to be uploaded? Passport, drivers licence, utility bill, bank statement, credit card statement? Which combinations are allowed, for example:
1 photographic ID + 2 with home address
2 photographic ID + 3 with home address
1 photographic ID + 1 with home address
Please elaborate.
Also do you think Coinbase or another exchange is the most convenient way to get money in to your bank account after selling Bitcoins. Have there been updates on their limits per daily, weekly, monthly or annual withdrawal limits?
Hmm. I can't quite remember. I think I did driving licence and maybe a bank statement with about 79p in it, or it was a passport too. I don't have anything else with an address on it other than a bank statement. It's two bits of ID anyway and I presume one will need an address. But definitely use phone only, not PC, to do it.
On being verified Coinbase told me my limit was £100,000 per year and they haven't said anything else since. Maybe it's different now. I'm not sure if that's buying and selling volume combined.
Since they now have faster payments there's nothing more convenient. You should get money within an hour or two or considerably less. Localbitcoins has a small amount of risk in comparison and they'll want ID too.