Jump to content
Search In
  • More options...
Find results that contain...
Find results in...

is it possible to get it out? i don't want to scan my photo id and send it to coinbase.

maybe coinbase is a big trusted company, but it still feels weird to give them my id's.

 

 

thanks.

Link to post
Share on other sites

Any economic institution will require ID to process transactions.

Community Standards || Tech News Posting Guidelines

---======================================================================---

CPU: R5 3600 || GPU: GTX 1080 || Memory: 16GB @ 3200 || Cooler: Noctua D15 || PSU: 750W EVGA G2 || Case: Define C

Link to post
Share on other sites
Just now, Slottr said:

Any economic institution will require ID to process transactions.

it's about $800 CAD, but it just doesn't feel safe. i know everybody says it is, and it's a must nowadays, but still, it feels weird. i wouldn't feel as weird if i could walk into a bank with a physical building, and sit down with a live person.....

Link to post
Share on other sites

There's some ATMs that give you cash but they seem super janky.  Every YT video I've seen of people trying to use them seems to find many don't work.

 

BTW in the US you owe income tax on that money, I'd assume it's the same in CA.  Coinbase has started reporting this to tax agencies for enforcement because they had no choice.

Workstation: 10850K @ 5.1Ghz || Gigabyte Z490 Ultra || ASUS TUF 3090 650W shunt, active backplate || G.Skill 3866 4x8GB || Corsair AX1500i || 11 gallon whole-house loop.

LANRig/GuestGamingBox: 9900nonK || Gigabyte Z390 Aorus Master || Gigabyte Gaming G1 1080Ti || Corsair SF600 || CPU+GPU watercooled 280 rad pull only // 11 gallon whole-house loop.

Server Router (Untangle): 8350K @ 4.7Ghz || ASRock Z370 ITX || 2x8GB 3200 || PicoPSU 250W, running on AX1200i || 11 gallon whole-house loop.

Server Compute/Storage: E5-2696v4 || Asus X99 mATX WS || LSI 9280i + Adaptec + Intel Expander || 5x10TB Seagate Enterprise Raid 6, 4x8TB Seagate Archive Backup, Corsair AX1200i (drives)  || 11 gallon whole-house loop.

Laptop: HP Elitebook 840 G3 (Intel 8350U) + 3060 Thunderbolt Dock, Razer Blade Stealth 13" 2017 (Intel 8550U)

Link to post
Share on other sites

As others have said, you'll have to. They are obligated by law to complete the "Know Your Customer" (KYC) process to combat the fraud and illicit activity that crypto is prone to, just like any other bank. Stopping you from committing tax fraud by secretly having lots of cash is also one of those goals 😉

 

Honestly at this point in time I'd feel more uncomfortable giving payment information to a back-alley site claiming to pay out anonymously...

 

You can get the ETH out to a personal wallet just fine most of the time btw. Withdrawing fiat is where the verification becomes an issue.

 

TL;DR you'll have to suck it up and get verified if you want to see your money 🙂

Crystal: CPU: i7 7700K | Motherboard: Asus ROG Strix Z270F | RAM: GSkill 16 GB@3200MHz | GPU: Nvidia GTX 1080 Ti FE | Case: Corsair Crystal 570X (black) | Storage: 250 GB Crucial BX100 SSD + 2 TB Seagate HDD + 1TB WD Green + 3TB WD Red | PSU: EVGA Supernova G2 1000W | Monitor: Asus VG248QE 24"

Laptop: Dell XPS 13 9370 | CPU: i5 10510U | RAM: 16 GB

Link to post
Share on other sites
9 minutes ago, AnonymousGuy said:

There's some ATMs that give you cash but they seem super janky.  Every YT video I've seen of people trying to use them seems to find many don't work.

 

BTW in the US you owe income tax on that money, I'd assume it's the same in CA.  Coinbase has started reporting this to tax agencies for enforcement because they had no choice.

i understand the taxable income part, but i'm just curious what steps coinbase takes to protect user's real id, and what steps they will take if there is a breach in their security. will they be responsible for anything.... etc.

Link to post
Share on other sites
4 minutes ago, Error 504 said:

i understand the taxable income part, but i'm just curious what steps coinbase takes to protect user's real id, and what steps they will take if there is a breach in their security. will they be responsible for anything.... etc.

Out of all the exchanges I'd trust Coinbase the most to be honest (coming from someone who doesn't use them). Their customer service can be... less than desirable though if stories are anything to go by.

Crystal: CPU: i7 7700K | Motherboard: Asus ROG Strix Z270F | RAM: GSkill 16 GB@3200MHz | GPU: Nvidia GTX 1080 Ti FE | Case: Corsair Crystal 570X (black) | Storage: 250 GB Crucial BX100 SSD + 2 TB Seagate HDD + 1TB WD Green + 3TB WD Red | PSU: EVGA Supernova G2 1000W | Monitor: Asus VG248QE 24"

Laptop: Dell XPS 13 9370 | CPU: i5 10510U | RAM: 16 GB

Link to post
Share on other sites
29 minutes ago, tikker said:

Out of all the exchanges I'd trust Coinbase the most to be honest (coming from someone who doesn't use them). Their customer service can be... less than desirable though if stories are anything to go by.

ya, i also have read about their customer service, and i think i read it somewhere that if coinbase accidentally got hacked, and user info got stolen, they wouldn't be responsible..... and that's why i'm being unsure about giving them my id.

Link to post
Share on other sites
11 hours ago, Error 504 said:

ya, i also have read about their customer service, and i think i read it somewhere that if coinbase accidentally got hacked, and user info got stolen, they wouldn't be responsible..... and that's why i'm being unsure about giving them my id.

I'm not sure if that's true. They are one of if not the most registered crypto exchange out of all of them. If any of them will be held responsible it's Coinbase. Given all the slaps Binance is getting for breaking local rules and regulations at every street corner I'd say authorities are pretty on top of them nowadays.

Crystal: CPU: i7 7700K | Motherboard: Asus ROG Strix Z270F | RAM: GSkill 16 GB@3200MHz | GPU: Nvidia GTX 1080 Ti FE | Case: Corsair Crystal 570X (black) | Storage: 250 GB Crucial BX100 SSD + 2 TB Seagate HDD + 1TB WD Green + 3TB WD Red | PSU: EVGA Supernova G2 1000W | Monitor: Asus VG248QE 24"

Laptop: Dell XPS 13 9370 | CPU: i5 10510U | RAM: 16 GB

Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

×