Cryptocurrency exchange startup Coinbase has announced that it is now using machine learning for faster and more reliable identity verification.
With the significant growth in the past few months, Coinbase said that many customers had a poor experience with identity verification, payments and customer support. To address these issues, the startup is now using machine learning.
“We are now using machine learning for ID verifications. In most cases, verification will now take seconds — not hours. We have also integrated an additional ID verification vendor to help with increased loads during periods of peak demand. We’re excited to share that we are now successfully verifying nearly 90% of all customers who submit an ID,” AJ Asver, Product Manager at Coinbase, wrote in an online post.
Furthermore, Coinbase has also announced measures to improve customer experience. If a customer’s ID verification fails, it will now send an email explaining why the ID could not be verified along with specific suggestions on how to resolve the issue.
“These features are currently available on our website and similar improvements for our mobile apps will be rolling out in the next few weeks,” Asver said.


FxWirePro- Major Crypto levels and bias summary
Ethereum Cracks Below $2,000 as Bitcoin Contagion Bites—Bearish EMA Stack Sets Sights on $1,700
ETH Cracks $2,100 in Bitcoin’s Wake as Bearish EMA Stack Deepens; Sellers Target $1,900 on Rallies
Ether Breaks Below $2,100: Triple EMA “Sell-the-Rally” Setup Targets $1,900
FxWirePro- Major Crypto levels and bias summary
Ethereum Tumbles Below $2K: Bears Eye $1,700 as All Key EMAs Flip Red
FxWirePro- Major Crypto levels and bias summary
Bitcoin Bleeds $704M in ETF Outflows as Institutional Exodus Accelerates




