No sir, only if you want to transfer assets or get USD etc. You can bid still.
From their restrictions page:
Due to regulatory reasons in the US (we're not happy about it either), Namebase accounts are restricted in functionality until they have successfully been verified. Once an account has been verified, it'll be able to:
Trade on Namebase Pro (non-US only)
Withdraw HNS (non-US only)
Buy and Sell HNS with BTC (global)
Buy and Sell HNS with USD (US only)
Before an account has successfully verified, it'll still be able to:
Transfer HNS into its cloud wallet
Bid on Handshake names
Withdraw Handshake names
Hi I'm the CEO of Namebase. You're right that's the best way to bid anonymously on Namebase right now. We're also going to add the ability to bid anonymously directly on Namebase. The account verification is only required for purchasing HNS which we need to do due to regulatory restrictions in the US.
That makes sense, though I wouldn't expect it to be required when buying HNS with BTC. I signed up for the airdrop so I got a bunch of HNS I can play with, thanks.
From their restrictions page: Due to regulatory reasons in the US (we're not happy about it either), Namebase accounts are restricted in functionality until they have successfully been verified. Once an account has been verified, it'll be able to:
Before an account has successfully verified, it'll still be able to: