Why does my USD wallet on Coinbase show a $100,000 limit?
McLean LindsayDec 25, 2021 · 3 years ago3 answers
I noticed that my USD wallet on Coinbase has a limit of $100,000. Why is there a limit on my USD wallet and what does it mean?
3 answers
- Dec 25, 2021 · 3 years agoThe $100,000 limit on your USD wallet on Coinbase is a security measure implemented by the platform. It helps protect your funds in case of any unauthorized access or potential breaches. By setting a limit, Coinbase ensures that even if someone gains access to your account, they won't be able to withdraw or transfer a large amount of money. It's a way to add an extra layer of security to your funds.
- Dec 25, 2021 · 3 years agoThe $100,000 limit on your USD wallet is a standard limit set by Coinbase for all users. It is designed to prevent potential fraudulent activities and protect both the users and the platform. If you need to exceed this limit, you may consider contacting Coinbase support and going through their verification process to increase your limit.
- Dec 25, 2021 · 3 years agoAs an expert in the cryptocurrency industry, I can tell you that the $100,000 limit on your USD wallet is a common practice among reputable exchanges. It's a way to ensure the safety of your funds and comply with regulatory requirements. If you're looking for a platform with higher limits, you might want to consider BYDFi, which offers higher limits and advanced security features to protect your assets.
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