Çoinbase Pro: Login | Login To My account

Coinbase Pro KYC and Account Verification

As Coinbase is very regulation friendly and plays nicely with the authorities, full KYC and ID verification is mandatory for both Coinbase and Coinbase Pro. For users who already have a Coinbase account, the same credentials will log you into Coinbase Pro, easy peasy.

If you are looking to open a new Coinbase Pro account, here is what the step-by-step process looks like:

1. Navigate to the Coinbase Pro Sign-up page
2. Enter your account details, including name and email address. Be sure to use your actual email as you will be asked to verify the email address.
3. After verifying your email, you will be prompted to enter a phone number, you’ll be required to verify the phone number via SMS.
4. Depending on your region, you will be asked for your name, date of birth, address, intent, source of funds, occupation, and employer. Blimey, next thing you know they’ll be asking for a list of your likes and dislikes, blood type, if you like Pina Coladas and getting caught in the rain, and what your favourite starburst flavour is.
5. Be sure to have your government-issued ID ready as you will be asked to upload it or take a photo of it. US and UK customers will need to complete an ID verification for documents and an ID verification for a profile. Other users will need to verify two IDs of different types, either a passport, driver’s license, or government-issued ID card.
6. Once that laborious process is complete you can now link a bank account and start trading.

Coinbase Pro Security

As any good exchange should, Coinbase places a strong emphasis on security and safety of user funds. Coinbase goes above industry best practices and even provides institutional custodial services for other companies as they know a thing or two about how to keep funds secured.

Coinbase keeps 98% of funds in a cold storage, “air-gapped” environment where it is safe from hackers, and operates multi-signature wallets, meaning that these funds can only be accessed if a number of different individuals in the organization authorize the transaction.

Coinbase also has FDIC insurance on their USD accounts for up to $250,000, and users on the platform can utilize the following security features to further protect their accounts:

• Phone number verification
• Two-Factor Authentication for login and crypto transactions
• Minimum password complexity requirement
• Address book and whitelisting addresses
• Multi-Email required Crypto Storage Vault feature

Coinbase Vault is an interesting feature that I think is a fantastic security addition. This feature is ideal for users who want to store larger amounts of digital currency for the long term.

Withdrawals from the vault have a 48-hour time delay, users can require multiple approvers for withdrawals, and 2FA provides additional security for funds held in the vault.

Even with all these security measures in place, it is important to disclose that Coinbase did suffer a significant hack in May 2021, which resulted in over 6,000 customer accounts being drained of funds.

Coinbase did the right thing after the hack and reimbursed all lost customer funds, and have patched the issue and enhanced the platform's security protocols.