Since its launch in 2012, Coinbase has become one of the most popular ways to buy and sell cryptocurrencies. In addition to being a digital currency exchange, Coinbase is also a crypto wallet service.
You can store your crypto on Coinbase and then use it to buy goods and services, or exchange it for other currencies.
One thing that sets Coinbase apart from other exchanges is its daily limit. This limit is designed to protect users from fraud and theft, and it ensures that everyone has an equal opportunity to buy and sell cryptocurrencies on the platform.
So, does Coinbase have a daily limit? Yes, it does. The limit is currently $25,000 per day for individual users.
This means that you can’t buy more than $25,000 worth of crypto in a single day, or sell more than $25,000 worth of crypto in a single day.
The daily limit may seem like a lot, but it’s actually quite small compared to the limits on other exchanges. For example, Binance has a daily limit of 2 BTC (around $15,000 at the time of writing), while Kraken has a daily limit of 100 ETH (around $28,000 at the time of writing).
The reason for Coinbase’s low daily limit is likely due to the fact that it’s a US-based exchange. US regulations are much stricter than those in other countries, so Coinbase has to comply with them.
As a result, it can’t offer the same level of service as other exchanges.
If you need to buy or sell more than $25,000 worth of crypto in a single day, you’ll need to use another exchange. However, if you’re just looking to buy some crypto for personal use or as an investment, Coinbase is a great option thanks to its ease of use and low fees.