Coinbase now asking for my ID

I had been using Coinbase for the last few months. I had the instant buy enabled, I think the limit was $1000 daily or something like that. I have been tranfering my funds to a few Electrum wallets and then tumbling them before use on the market. Today I go to buy coins and it says my daily limit is now $100 and if I want to increace my daily limit they want me to upload my ID. Has this happened to anyone else recently? Do you see any issue with up loading my ID? They already have my name and bank account. Does anyone think that they may have decreased my limit beause of block chain info? If Coinbase knew your coins were going to the markets they basicly just deactivate your account right? I am a small time buyer and only buy $500 or less of bitcoin every other month or so.


Comments


[7 Points] PhriskyDingough:

I've always had great luck with Coinbase. Been using them for years for both legit and non-legit means. I never enabled instant buy though. I don't mind waiting. I sit on coins. I'm surprised they haven't banned me. They just increased my limits a few months ago, and I was like "y'all ain't even know..."


[3 Points] A_Shardtastic_time:

libertyx is doing it too. buying the daliy limit of a full $1000 will trigger it to lock ur acc. til you upload a pic.


[3 Points] Comandante88:

I used coinbase since I started using dnm's 2 years ago, I always sent my coins from there to helix since they were strictly for dnm use. I logged in the other day after a month or so after my last purchase and they were asking me withdraw my btc i had left in my walled and that my account had to be closed. Absolutely no word as to why, I didn't bother to ask either, moved on and made an account with circle.


[3 Points] boobitypoop:

I never had to upload a picture but if they did require it id prob do it for instant buy. If u get traced back they already have ur info, license ain't gonna make no difference.


[1 Points] None:

Just use local bitcoin


[1 Points] El_eFe:

I can only assume you made a habit of buying btc like clockwork and that doesn't look too good on paper, try buying stupid things with it after sending Id just so you have something to show your transactions. I don't have instant buy, but I buy about 3-400 every few months through cb. Making a habit out of it will lead to them investigating your account imo


[1 Points] 2005C:

They know you're buying drugs and will close your account for "suspicious activity." Coinbase is the paypal of bitcoin.