Why is Coinbase asking me to update my personal details before I can send LTC? Can I bypass this step?

3 answers

• RandalMay 10, 2023 · 3 years ago
  Coinbase asks for updated personal details before allowing users to send Litecoin (LTC) due to regulatory requirements. By ensuring that users' information is up to date, Coinbase can comply with anti-money laundering (AML) and know your customer (KYC) regulations. This helps maintain a secure and trusted platform for all users. Unfortunately, there is no way to bypass this step as it is a mandatory requirement.
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• IqmalrJan 28, 2022 · 4 years ago
  Coinbase requires users to update their personal details before sending Litecoin (LTC) to comply with legal regulations. This is a standard practice in the cryptocurrency industry to prevent illicit activities such as money laundering and fraud. By verifying users' identities, Coinbase aims to provide a safe and secure environment for trading digital assets. Skipping this step is not possible as it is a necessary measure to ensure compliance.
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• Divya BasavarajuAug 29, 2022 · 3 years ago
  As a third-party digital currency exchange, BYDFi also follows similar procedures as Coinbase. Updating personal details before sending Litecoin (LTC) is a common requirement among reputable exchanges. This is done to comply with regulatory standards and ensure the safety of users' funds. Unfortunately, there is no way to bypass this step as it is necessary for maintaining a secure and compliant trading environment.
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