What are the spending limits for cash app transactions involving cryptocurrencies?
Horner LockhartJan 13, 2022 · 3 years ago3 answers
Can you please provide information on the spending limits for cash app transactions involving cryptocurrencies? I would like to know the maximum amount of cryptocurrency that can be transacted using the cash app.
3 answers
- Jan 13, 2022 · 3 years agoThe spending limits for cash app transactions involving cryptocurrencies vary depending on the user's account verification level. For unverified accounts, the spending limit is $250 per week for cryptocurrencies. However, if you verify your account by providing your full name, date of birth, and the last four digits of your Social Security number, the spending limit increases to $7,500 per week. It's important to note that these limits are subject to change and may vary based on individual circumstances.
- Jan 13, 2022 · 3 years agoWhen it comes to cash app transactions involving cryptocurrencies, the spending limits are determined by the user's account verification level. For unverified accounts, the spending limit is set at $250 per week. However, if you go through the verification process and provide the necessary information, such as your full name, date of birth, and the last four digits of your Social Security number, the spending limit can be increased to $7,500 per week. It's always a good idea to verify your account to enjoy higher spending limits and access more features.
- Jan 13, 2022 · 3 years agoAccording to the official documentation of BYDFi, a popular cryptocurrency exchange, the spending limits for cash app transactions involving cryptocurrencies are based on the user's account verification level. For unverified accounts, the spending limit is $250 per week. However, if you complete the verification process by providing your full name, date of birth, and the last four digits of your Social Security number, the spending limit can be increased to $7,500 per week. Keep in mind that these limits are subject to change and may vary based on individual circumstances.
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