Topic: Coinbase Add Bank Account Verification? - page 2. (Read 239 times)

The flip side is also a lot of banks want certain things to happen before they allow money in and out of your account. So although there are no set rules many non bank business follow the same pattern. I have had to do a ton of bank verification for my brokerage account and some other things before transfers were allowed.

Keep in mind with the brokerage they had all my information and the initial deposit was with a check from the same bank they wanted me go though 4 steps to verify.

-Dave

Its popular. Binance wants you to connect your bank account too by prooving that you are an owner of it. Is it safe? Well you are 100% KYC now, its not safe, but if you ask about safety of your founds on your bank account ... as long as they dont ask you about your login/password to your bank account or whole data from your credit card and its legit coinbase website, they are not able to steal your money using IBAN only. And as i remeber it correctly thats all they need (together with 1 cent deposit to prove that you are an owner of this bank account).


Yes. In the end of the day it speed up withdrawals.

Pretty useful and convenient in my opinion although it removes the anonymity and privacy to some degree, it's not that worrisome. I'm looking forward to this kind of thing in my country too although I feel like it's going to take a really long time before anything like that can happen, maybe Binance will add this verification too in the near future.

This is the addition of new feature. Now with ease coinbase users can withdraw/buy bitcoin with their respective bank accounts connected to the account. The process thats been mentioned is same as that of the verification process involved while verifying a PayPal account. As coinbase is one among the licensed exchange, there is nothing to worry on adding the bank account to the coinbase exchange account.

Have you tried to ask their support directly? Maybe their database was updated so your previous linked account was removed. I don't have a Coinbase account but I think inputting data is definitely necessary. As long as you don't input sensitive data (I doubt they require that anyway) it should be safe. Things like name, account number etc is standard info anyway.

Btw, I saw you created two threads about the same topic, I guess you should mix it into one instead.

Opened an account at coinbase years ago. Submitted my verification years ago. I remembered linking my BoA checking account and sending in my US passport to get verified. I have never ever deposited any funds from my BoA to coinbase nor have I ever withdraw anything from coinbase. I never even done a trade on coinbase ever.


However, not long ago, I sent some btc from my wallet to coinbase to keep it there. Thus just have some btc there on coinbase.



When I check my coinbase account now, when I click on Buy/Sell, it says



You're almost ready to buy. Please complete your account. To make an investment, please add a payment method



So I click on Bank account right? I see other options are paypal, debit card and wire transfers. But when I click on bank account, it wants to use Plaid to connect to my bank account? When I click on BoA, I am suppose to enter my BoA online banking information? If so, is that safe? But after doing this, then my bank account is added? I'm confused here because many years ago when I got verified, I remember verifying the same bank of america account years ago. So is this new and everyone need to do it?  I do see the option of adding bank account manually where they make two deposits and you verify it but that takes up to 5 days.  Does that work?