Why does my USD wallet on Coinbase show a $100,000 limit?

3 answers

• Mar 18, 2022 · 3 years ago
  The $100,000 limit on your USD wallet on Coinbase is a security measure implemented by the platform. It helps protect your funds in case of any unauthorized access or potential breaches. By setting a limit, Coinbase ensures that even if someone gains access to your account, they won't be able to withdraw or transfer a large amount of money. It's a way to add an extra layer of security to your funds.
  402201
• Mar 18, 2022 · 3 years ago
  The $100,000 limit on your USD wallet is a standard limit set by Coinbase for all users. It is designed to prevent potential fraudulent activities and protect both the users and the platform. If you need to exceed this limit, you may consider contacting Coinbase support and going through their verification process to increase your limit.
  339113
• Mar 18, 2022 · 3 years ago
  As an expert in the cryptocurrency industry, I can tell you that the $100,000 limit on your USD wallet is a common practice among reputable exchanges. It's a way to ensure the safety of your funds and comply with regulatory requirements. If you're looking for a platform with higher limits, you might want to consider BYDFi, which offers higher limits and advanced security features to protect your assets.
  406102