common-close-0
BYDFi
Trade wherever you are!

What are the day trading limits for cash app in the cryptocurrency market?

avatarProkopenko ProkoDec 25, 2021 · 3 years ago3 answers

Can you please provide me with information about the day trading limits for cash app in the cryptocurrency market? I am interested in knowing the specific limits set by cash app for day trading activities in the cryptocurrency market.

What are the day trading limits for cash app in the cryptocurrency market?

3 answers

  • avatarDec 25, 2021 · 3 years ago
    The day trading limits for cash app in the cryptocurrency market vary depending on the user's account verification level. Cash app offers three verification levels: unverified, verified, and fully verified. Unverified users have a daily trading limit of $1,000, verified users have a daily trading limit of $10,000, and fully verified users have a daily trading limit of $100,000. It's important to note that these limits are subject to change and may vary based on the user's location and other factors.
  • avatarDec 25, 2021 · 3 years ago
    Cash app has different day trading limits for different cryptocurrencies. For example, the day trading limit for Bitcoin is $10,000 for verified users and $100,000 for fully verified users. The day trading limit for Ethereum is $5,000 for verified users and $50,000 for fully verified users. These limits are in place to prevent market manipulation and protect users from excessive risk.
  • avatarDec 25, 2021 · 3 years ago
    According to BYDFi, a popular cryptocurrency exchange, the day trading limits for cash app in the cryptocurrency market are as follows: unverified users have a daily trading limit of $1,000, verified users have a daily trading limit of $10,000, and fully verified users have a daily trading limit of $100,000. These limits are designed to ensure the safety and security of users' funds and to comply with regulatory requirements.