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Saturday, February 6, 2021

Sending Bitcoin from a Coinbase Wallet

Please read the disclaimer first.

It looks like Coinbase needs extra personal information before you can send Bitcoin.  I used to be able to do it, so it must be a recent change.  I go over the process down below...


So this is how it all started...

A friend of mine recommended holding some Polkadot (DOT), when I said I was planning to convert some of my Bitcoin (BTC) to Ethereum (ETH) to diversify.  DOT is like the "next ETH", so if I'm planning to just hold it and not trade, it would be the better choice.

I was planning to do everything in Coinbase because I already have an account and wallet there.  However, although Coinbase supports ETH and has info on DOT, it does not support DOT.

So naturally, I have to send it to a service that supports DOT.  I will blog about that later, but during the process is when I found out I couldn't just send BTC from Coinbase.  This is listed under "Account limits" in the Settings, but you have to have your photo ID verified to send crypto.  AKA "KYC (Know Your Customer)", I believe this is part of anti-criminal stuff required by law or something.

So here it goes.  Click on "Verify your account".

Pick ID type.  "State Issued ID" basically means "Passport book".  I chose Driver's license.

Choose an upload method.  If you select the recommended "Mobile Camera", it's supposed to text you a link to proceed, but I never got one.  I also tried "Webcam", but the resolution was too blurry, and it got rejected.

I could only get the "File Upload" to work.
Took a picture of my driver's license (front and back), and dragged it to the form.

Click "Upload"...

... Hello?

... ok.

Once it gets verified, you'll get the green check on "Level 3".


Now, I can send BTC to another wallet.

I'm going to send half of my balance to my new wallet.  Enter the amount of BTC to send, and the destination wallet address.

Send now!

Need my 2-step verification code from my smartphone (Google Authenticate App) to confirm...

Done, with a 0.17% network fee.  :)


FYI, this is what you get in your e-mail when verification fails.


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