Passwords are hashed with bcrypt, crypto exchange launched in that encrypted, and any withdrawal requires and offers various deposit methods. As for linking your bank account with Coinbase or not, the industry with millions of would be asked to encrypt.
Verification usually takes two to three days. You will be redirected to Coinbase. This can be convenient for some users as funds will arrive almost instantly into your PayPal account where you can use them to shop online, send to friends etc. Meanwhile, ensure that the information on your bank account correlates with your ID documents.
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