What are the day trading limits for cash app in the cryptocurrency market?
Prokopenko 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.
3 answers
- Dec 25, 2021 · 3 years agoThe 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.
- Dec 25, 2021 · 3 years agoCash 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.
- Dec 25, 2021 · 3 years agoAccording 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.
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