Assets, Bitcoin

Why Can’t I Buy More Bitcoin on Coinbase?

As of late, it has become increasingly difficult to buy Bitcoin on Coinbase. There are a few reasons for this. First, Coinbase has been overwhelmed with new users due to the recent price surge of Bitcoin. They are struggling to keep up with demand, which has led to delays in processing orders. Second, Coinbase has implemented new limits on how much Bitcoin users can buy per week.

NOTE: WARNING: Purchasing more Bitcoin on Coinbase than what is allowed may result in your account being suspended or closed. Before purchasing more Bitcoin, please read the Coinbase User Agreement to make sure you are abiding by all the terms and conditions. Additionally, be aware that Coinbase may limit the amount of Bitcoin you can buy depending on your account status and verification level.

These limits are based on your account level, which is determined by how much personal information you have verified with Coinbase. Higher limits are available for accounts that have verified their identity (with a government-issued ID) and their phone number. Third, Coinbase has been experiencing issues with their bank partners, which has led to delays in processing deposits and withdrawals. This is likely due to the increased scrutiny that banks are under when it comes to Bitcoin and other cryptocurrencies.

All of these factors have led to a decrease in the amount of Bitcoin available for purchase on Coinbase. If you’re looking to buy Bitcoin on Coinbase, you may have to wait until the company can catch up with demand.

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