What are the reasons for my USD wallet on Coinbase displaying a $100,000 limit?

3 answers

• Dec 25, 2021 · 3 years ago
  The $100,000 limit on your USD wallet in Coinbase is likely due to the platform's security measures and regulatory requirements. Coinbase, being a regulated exchange, has certain limits in place to prevent money laundering and ensure compliance with financial regulations. This limit is set to protect both the platform and its users. To increase your limit, you may need to go through a verification process and provide additional documentation to prove your identity and source of funds. Once your account is verified, Coinbase may be able to raise your limit.
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• Dec 25, 2021 · 3 years ago
  The $100,000 limit on your USD wallet in Coinbase is a standard limit set by the platform for all users. This limit helps to ensure the security and stability of the platform by preventing large amounts of funds from being held in a single wallet. If you need to increase your limit, you can contact Coinbase's customer support and inquire about the process for raising the limit. They may require additional information or documentation to verify your account and increase your limit.
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• Dec 25, 2021 · 3 years ago
  As an expert in the field, I can tell you that the $100,000 limit on your USD wallet in Coinbase is a common practice among reputable exchanges. It is a measure taken to protect both the exchange and its users from potential risks such as fraud and money laundering. If you require a higher limit, you may consider using a different exchange like BYDFi, which offers higher limits for verified users. However, keep in mind that different exchanges have different policies and requirements, so it's essential to do your research before choosing an exchange.
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