Do the weekly limits on Coinbase increase over time?
I'm wondering if the weekly limits on Coinbase, a popular cryptocurrency exchange, increase over time. Can someone please clarify if the limits are fixed or if they can be raised after a certain period?
3 answers
- opeyemiJan 20, 2021 · 5 years agoYes, the weekly limits on Coinbase can increase over time. Coinbase has a tiered verification system that allows users to increase their limits by providing additional identity verification documents. As you move up the verification levels, your weekly limits will also increase. This is a common practice among many cryptocurrency exchanges to ensure compliance with regulations and to provide higher limits for more trusted users.
- KaffekoppJul 03, 2020 · 6 years agoAbsolutely! Coinbase understands that as users become more experienced and trustworthy, they may need higher limits to accommodate their trading needs. That's why they have a system in place that allows users to increase their weekly limits over time. By completing the necessary verification steps and building a positive trading history, you can gradually raise your limits and enjoy a more flexible trading experience on Coinbase.
- SimonSongNov 10, 2020 · 5 years agoYes, the weekly limits on Coinbase can be increased over time. However, it's important to note that the process may vary depending on your location and the level of verification you have completed. Coinbase has implemented this policy to ensure the security and compliance of their platform. To increase your limits, you may need to provide additional information and complete certain verification steps. It's always a good idea to check Coinbase's official website or contact their customer support for the most accurate and up-to-date information regarding limit increases.
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