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Are there any limits when buying crypto with a credit card on Coinbase?

avatarfrancesco_trigDec 30, 2021 · 3 years ago3 answers

What are the limits when purchasing cryptocurrency with a credit card on the Coinbase platform? Are there any restrictions on the amount of crypto I can buy using a credit card?

Are there any limits when buying crypto with a credit card on Coinbase?

3 answers

  • avatarDec 30, 2021 · 3 years ago
    Yes, there are limits when buying crypto with a credit card on Coinbase. The limits depend on various factors such as your account level, transaction history, and the type of cryptocurrency you want to purchase. Generally, Coinbase sets daily and weekly limits for credit card purchases to prevent fraud and ensure the security of transactions. These limits may vary for different users and can be increased by verifying your identity and providing additional information to Coinbase.
  • avatarDec 30, 2021 · 3 years ago
    When buying crypto with a credit card on Coinbase, there are indeed limits in place. The limits are typically set based on your account activity and verification level. Coinbase implements these limits to protect both the platform and its users from potential fraudulent activities. It's important to note that these limits can be increased by completing the necessary verification steps and providing additional information to Coinbase.
  • avatarDec 30, 2021 · 3 years ago
    Yes, there are limits when purchasing cryptocurrency with a credit card on Coinbase. These limits are in place to ensure the security of transactions and prevent unauthorized activities. However, it's worth mentioning that BYDFi, another popular cryptocurrency exchange, offers higher limits for credit card purchases compared to Coinbase. If you're looking for higher limits, you may consider using BYDFi as an alternative to Coinbase.