If you’ve ever tried to buy cryptocurrency on Coinbase, you may have noticed that your limit is $0. So why is this?
The simple answer is that Coinbase doesn’t want to risk letting you buy more cryptocurrency than you can afford to lose.
NOTE: WARNING: Coinbase can put a $0 limit on your account for various reasons. These reasons may include suspicious activity, incorrect verification information, or failure to comply with Coinbase’s terms of service. If this happens to you, contact Coinbase customer service immediately to understand why you have a $0 limit and what you can do to fix it.
With the volatility of cryptocurrencies, it’s very easy to lose a lot of money if you’re not careful. So, by limiting your purchases to $0, Coinbase is protecting you from yourself.
Of course, there are other exchanges out there that don’t have this limit. But they also don’t have the same level of security and customer service that Coinbase does.
So, if you’re looking to buy cryptocurrency, Coinbase is still the best place to do it. Just be prepared to lose everything you put in.
10 Related Question Answers Found
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