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What is the daily limit for cash transactions in the cryptocurrency industry?

avatarTuwaseDec 30, 2021 · 3 years ago3 answers

In the cryptocurrency industry, what is the maximum amount of cash that can be transacted in a single day?

What is the daily limit for cash transactions in the cryptocurrency industry?

3 answers

  • avatarDec 30, 2021 · 3 years ago
    The daily limit for cash transactions in the cryptocurrency industry varies depending on the platform and the country. Some exchanges may have a limit of $10,000 per day, while others may have a limit of $50,000 or more. It is important to check the specific rules and regulations of the exchange you are using to determine the daily limit for cash transactions.
  • avatarDec 30, 2021 · 3 years ago
    The daily limit for cash transactions in the cryptocurrency industry is typically set by the exchange or platform you are using. It is important to note that these limits can vary greatly, with some exchanges imposing stricter limits than others. To find out the daily limit for cash transactions, you should refer to the terms and conditions or the FAQ section of the specific exchange or platform you are using.
  • avatarDec 30, 2021 · 3 years ago
    At BYDFi, one of the leading cryptocurrency exchanges, the daily limit for cash transactions is $20,000. This limit applies to both deposits and withdrawals. It is important to note that this limit may be subject to change and it is always recommended to check the latest information on the BYDFi website or contact their customer support for the most up-to-date information.