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Are there any restrictions on Coinbase transactions with a limit of 0.00?

avatarKANISH KAARTHICK V M EEENov 24, 2021 · 3 years ago3 answers

What are the restrictions on Coinbase transactions with a limit of 0.00? Are there any specific limitations or requirements that users need to be aware of when making such transactions on Coinbase?

Are there any restrictions on Coinbase transactions with a limit of 0.00?

3 answers

  • avatarNov 24, 2021 · 3 years ago
    Yes, there are restrictions on Coinbase transactions with a limit of 0.00. Coinbase has implemented certain measures to prevent fraudulent activities and ensure the security of transactions. One of these restrictions is that users need to complete the necessary verification process before they can make transactions with a limit of 0.00. This includes providing identification documents and fulfilling KYC (Know Your Customer) requirements. Additionally, Coinbase may impose limits on the frequency and volume of transactions with a limit of 0.00 to prevent misuse or illegal activities.
  • avatarNov 24, 2021 · 3 years ago
    Absolutely! Coinbase has certain restrictions in place for transactions with a limit of 0.00. These restrictions are primarily aimed at ensuring the safety and compliance of the platform. Users are required to verify their identity and fulfill KYC requirements before they can make transactions with a limit of 0.00. Coinbase may also impose limits on the number and size of such transactions to prevent potential fraud or money laundering. It's important for users to familiarize themselves with these restrictions to avoid any inconvenience or delays in their transactions.
  • avatarNov 24, 2021 · 3 years ago
    Yes, Coinbase does have restrictions on transactions with a limit of 0.00. As an expert in the field, I can tell you that Coinbase takes security seriously. They have implemented strict verification processes to ensure the legitimacy of transactions. Users need to complete the necessary KYC requirements and provide identification documents to make transactions with a limit of 0.00. These restrictions are in place to protect both the users and the platform from potential fraudulent activities. If you're planning to make such transactions, make sure to comply with Coinbase's requirements to avoid any issues.