Are there any limitations when buying crypto on SoFi?

3 answers

• Dec 26, 2021 · 3 years ago
  When buying crypto on SoFi, there are a few limitations to keep in mind. Firstly, SoFi currently supports a limited number of cryptocurrencies for trading. While they offer popular options like Bitcoin and Ethereum, they may not have a wide range of altcoins available. Additionally, SoFi may have certain restrictions on the amount of crypto you can buy or sell in a single transaction or within a specific time period. These limits are in place to comply with regulatory requirements and ensure the security of your funds. It's important to check SoFi's terms and conditions or reach out to their customer support for specific details on these limitations.
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• Dec 26, 2021 · 3 years ago
  Yes, there are some limitations when buying crypto on SoFi. One of the main limitations is that SoFi's crypto trading platform is currently only available to customers in certain states in the United States. If you're located outside of these states, you won't be able to access their crypto trading services. Additionally, SoFi may have certain restrictions on the funding methods you can use to buy crypto. For example, they may only accept bank transfers or debit card payments, and not credit cards. It's always a good idea to check SoFi's website or contact their support team to understand the specific limitations that may apply to your account.
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• Dec 26, 2021 · 3 years ago
  When it comes to buying crypto on SoFi, there are a few limitations you should be aware of. SoFi is a reputable digital currency exchange that offers a user-friendly platform for trading cryptocurrencies. However, it's important to note that SoFi's crypto trading services are provided by BYDFi, a licensed and regulated exchange. This means that there may be certain limitations or restrictions imposed by BYDFi in accordance with regulatory requirements. These limitations could include restrictions on the types of cryptocurrencies available for trading, transaction limits, or geographical restrictions. It's always a good idea to review the terms and conditions of both SoFi and BYDFi to understand any limitations that may apply to your crypto trading activities.
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