My Experience with Opening up a Coinbase Account...
The day before yesterday, I finally opened up an account with Coinbase. Everything was simple and fine until I went to go try to buy some crypto. Then there was another level of identification that was required. I used my driver's license. The issue came when I tried to upload my driver's license. Much to my surprise, I got a notification telling me... "Your ID requires additional verification. We will email you once verification has been completed."
Don't get me wrong, for those of you that had no complications with opening up an account with Coinbase, then I'm happy for you. However, for me, I'm a little disappointed. Eventually, I'm going to make time to go to the email response they told me to go to and go through the extra verification processes to finally get my account open. Heck, if I don't, they might think that their reason for asking for more verification was justified. I must admit though that it is very frustrating. Not trying to sound arrogant or haughty or wanting any kind of extra privilege from Coinbase, but I did over 22 years in the Air Force with he highest Top Secret Clearance that you can have in the military and retired as a Logistics Officer. I must admit that I felt a certain way when my driver's license wasn't enough to verify my identity.
The KYC (Know Your Client) is an issue with some people, but that's what really sets BitGift apart from other companies. I talked to a friend about this issue that's a crypto guy and he said it took him four days to open his account with Coinbase. When I opened up my account with BitGift, I was able to start buying/sending crypto in less than 5 minutes. Now that they have a way to redeem your BitGift, I think what MONI has with its BitGift platform will get more attention after getting more notice and marketed more to let the world know that it exists. Because this is a gift that is being sent, it is a different kind of taxation that I think the market hasn't figured this out yet that is more beneficial to open an account with BitGift versus many of those other companies in my opinion.
v/r
Sterling
