How does Coinbase determine the initial limit for new users?
HANIS KHAIRINA MUHAMMAD RUSDANDec 25, 2021 · 3 years ago3 answers
Can you explain how Coinbase sets the initial limit for new users? I'm curious about the factors they consider and how they determine the specific limit for each user.
3 answers
- Dec 25, 2021 · 3 years agoCoinbase determines the initial limit for new users based on several factors. These factors include the user's identity verification level, transaction history, and account age. Coinbase uses a combination of automated systems and manual review to assess the risk associated with each user and set an appropriate initial limit. The initial limit may vary from user to user, depending on their individual circumstances and risk profile. It's important to note that the initial limit is not permanent and can be increased over time as the user builds a positive track record on the platform.
- Dec 25, 2021 · 3 years agoWhen it comes to determining the initial limit for new users, Coinbase takes into account various factors. These factors include the user's location, payment method, and account activity. Coinbase aims to strike a balance between providing a seamless onboarding experience for new users while also ensuring the security and integrity of their platform. By analyzing these factors, Coinbase can set an initial limit that aligns with their risk management policies and regulatory requirements.
- Dec 25, 2021 · 3 years agoAs an expert in the field, I can tell you that Coinbase determines the initial limit for new users by evaluating their account information and transaction history. They take into consideration factors such as the user's identity verification status, the source of funds, and the user's overall risk profile. Coinbase uses a combination of advanced algorithms and manual review to assess the risk associated with each user and set an appropriate initial limit. This ensures that new users can start trading within a reasonable limit while also preventing potential fraudulent activities.
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