So, you’re trying to buy or sell some digital currency. The process is simple, but it also needs to be secure. It’s one of Coin Cloud’s priorities to make sure your funds are being safely transacted and with good intent.
For that reason, we have a few measures in place, including tiered levels of verification to determine how much you can transact daily. Don’t worry though, your transaction limits can be increased with just a few simple steps.
Here’s the step-by-step process of how to verify your identity at a Coin Cloud DCM.
The first security measure includes prompting you to type your phone number into the machine. Once you do this, a verification code will be texted to your number. All you have to do is enter this verification code back into the machine. This logs you in and confirms that it’s your phone. If you choose not to enter further information, you’ll be able to transact at the unverified level.
After you’ve entered your phone number and verification code, you will have a few choices: Buy Bitcoin, Sell Bitcoin, Altcoins and Increase Limits. Select “Increase Limits,” and you’ll see the option to increase your transaction limits to $10,000 or $25,000 per day. For this example, let’s say you choose to increase your limits to 10,000 USD.
To raise your limits to $10,000, you’ll have to provide one piece of government-issued photo identification, with a choice of driver’s license, ID card or passport. Choose ID for license or ID card. Then simply place the card face up in the provided camera slot on the machine, press “Capture” and “Confirm.” After making sure it’s in focus, repeat the process with the back of your ID card. Finally, you’ll take a picture of your face by also pressing “Capture” and “Confirm.”
To raise your limits to $25,000, you need to provide a bit more info. Select your occupation from the dropdown menu, and then type in your address, email and SSN. It will take a few days for Coin Cloud staff to verify your information and issue you approval, but then you’re good to go.
Once you’ve completed these simple steps, you’ve now raised your limits at the Coin Cloud Digital Currency Machine!
Note: Regulations in each state could vary, depending on specific regulatory requirements.
Disclaimer: The information and views supplied on the Coin Cloud blog are for educational and entertainment purposes only. We are not financial advisors, so please do your research and consult with a trusted financial specialist before investing your money.
Founded in 2014 in Las Vegas, Nevada, Coin Cloud is the leading digital currency machine (DCM) operator. With over 4,500 locations nationwide, in 48 states and Brazil, Coin Cloud operates the world’s largest and fastest-growing network of 100% two-way DCMs, a more advanced version of the Bitcoin ATM. Every Coin Cloud DCM empowers you to quickly and easily buy and sell over 40 cryptocurrency options with cash.
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