Coinbase, Exchanges

Why Is There a Limit on Coinbase?

There are a few reasons for why there is a limit on Coinbase. First, Coinbase is a regulated company and must follow KYC/AML lAWS. This means that they are required to collect certain information from their customers to prevent money laundering and other financial crimes. Second, Coinbase is a digital currency exchange andnota bank.

NOTE: WARNING: Coinbase has a limit on how much you can buy and sell in a single day. If you exceed this limit, your account may be suspended or closed. Additionally, Coinbase may place restrictions on your account if you are making large purchases or selling large amounts of cryptocurrency in a short period of time. Make sure to abide by Coinbase’s terms and conditions to ensure that your account remains secure.

This means that they are not subject to the same regulations as banks and are not required to hold customer funds in FDIC-insured accounts. Finally, Coinbase has implemented limits in order to prevent fraud and protect their customers’ funds.

So why is there a limit on Coinbase? The answer is simple: to protect their customers and comply with regulations.

Previous ArticleNext Article