How does remitly determine the daily limit for cryptocurrency transactions?

3 answers

• Dec 15, 2021 · 3 years ago
  Remitly determines the daily limit for cryptocurrency transactions based on several factors. These factors include the user's account verification level, transaction history, and risk assessment. By analyzing these factors, Remitly can set a limit that balances security and convenience for each user. It's important for them to ensure that the limit is appropriate to prevent fraud and money laundering while still allowing users to transact freely.
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• Dec 15, 2021 · 3 years ago
  When it comes to determining the daily limit for cryptocurrency transactions, Remitly takes into account various factors. These factors include the user's identity verification, transaction volume, and risk assessment. By considering these factors, Remitly can set a limit that aligns with regulatory requirements and mitigates potential risks. This helps to protect both the users and the platform from fraudulent activities and ensures a secure and compliant environment for cryptocurrency transactions.
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• Dec 15, 2021 · 3 years ago
  Remitly sets the daily limit for cryptocurrency transactions by considering multiple factors. These factors include the user's account verification status, transaction history, and risk assessment. By analyzing these factors, Remitly can determine a limit that is suitable for each user. This helps to prevent unauthorized transactions and ensures the security of the platform. It's worth noting that the daily limit may vary for different users based on their individual circumstances and the level of risk associated with their account.
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