What Does Verify Mean?

How to Verify Your Coin Cloud Bitcoin ATM Account
By 
Coin Cloud Team
, published on 
November 4, 2020
What Does Verify Mean?

In the world of Bitcoin, at any given time, something is being verified. That’s what makes it safe and secure for users, whether buying, selling or trading cryptocurrency.

What Needs to be Verified?

Several things need to be verified:

• Every transaction is verified and recorded on the blockchain.

• If you open an online exchange account you need to verify your banking information.

• Bitcoin ATMs (at least the legal ones) have verification processes too — although usually much simpler than the other verifications mentioned.

When Do I Need to Verify My Account?

Different Bitcoin ATM companies will have different limits and parameters, but for Coin Cloud BTMs, you need to verify your account if you wish to buy $2,000 or more of BTC during your lifetime. Otherwise you just need a mobile phone number.

Let’s look at exactly how to verify your account for buying and selling digital currency at a Coin Cloud Bitcoin ATM.

How to Verify Your Account

Coin Cloud has two levels of verification: standard and VIP. We’ll take a look at the requirements for each of them.

Standard Coin Cloud Account Verification

To remove the lifetime limit, all you need is one piece of ID and a selfie. The process is very simple, and especially quick if you use the free Coin Cloud Wallet app: 1. Open your Coin Cloud Wallet app 2. Scroll to the bottom of the home page screen and choose “Raise Limits – Verify ID.” 3. Bypass the message that says “Raise your limits at our ATMs” by choosing “Verify.” 4. Verify your phone number by entering your mobile phone number. 5. Enter the code texted to you. 6. Under “Your Account” click on “Increase your transaction limits by verifying your ID.” 7. Under “Start Verification” click on the green “Start” button. 8. Choose the issuing country and your choice of Passport, Driver’s License or Identity Card. 9. Follow the prompts to upload or take photos of your ID. 10. Follow the prompts for “Face Verification,” which will ask you to “Open Full Screen” and frame your face in the oval. 11. Take and upload your selfie.

If you don’t wish to use the mobile app, you can visit CoinCloud.BitaccessBTM.com/account from a PC. The process is very similar. You can also do it directly at a machine.

VIP Coin Cloud Account Verification

Once you have been verified for standard accounts, which let you buy or sell up to $2,999 per transaction and $10,000 per day, you can choose a second level of enhanced verification. This VIP status lets you buy or sell up to $25,000 per day.

This process can only be done at the machine, where you’ll be asked to submit a few additional pieces of identification for manual review: 1. Your Social Security Number 2. Your email address 3. Your occupation

This level of verification can take up to 3 or 4 business days to complete.

As always, email our customer support team at Support@coin.cloud with any questions about verification or increasing your limits.

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.

What is Coin Cloud?

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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