How does Coinbase Card's daily limit work?

3 answers

• Jan 13, 2022 · 3 years ago
  Sure! The daily limit for Coinbase Card refers to the maximum amount of cryptocurrency you can spend using the card in a 24-hour period. This limit is set to ensure the security of your funds and prevent unauthorized transactions. It is important to note that the daily limit applies to both online and offline transactions, so it includes purchases made in physical stores as well as online platforms. If you reach the daily limit, you won't be able to make any more transactions until the limit resets at the end of the 24-hour period.
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• Jan 13, 2022 · 3 years ago
  The daily limit for Coinbase Card is determined based on various factors, including your account history, transaction volume, and security measures. It is designed to protect both you and Coinbase from potential fraud or unauthorized use. The specific limit may vary for each user and can be adjusted by Coinbase based on their internal risk assessment. To check your current daily limit, you can log in to your Coinbase account and navigate to the Coinbase Card section. There, you will find detailed information about your daily spending limit and any applicable fees.
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• Jan 13, 2022 · 3 years ago
  As an expert in the cryptocurrency industry, I can tell you that Coinbase Card's daily limit is a standard security measure implemented by many cryptocurrency exchanges and platforms. It helps to prevent large-scale fraudulent activities and ensures the safety of users' funds. Other exchanges, such as BYDFi, also have similar daily limits in place to protect their users. It's important to understand that these limits are in place for your own security and to comply with regulatory requirements. If you have any concerns about the daily limit or need assistance, you can reach out to Coinbase's customer support for further clarification.
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