Cryptocurrency Q&A
Why does my GTC say restricted?
Why does my GTC say restricted?
TaegeukChampionship
Fri Jul 26 2024
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6 answers
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I'm encountering an issue with my Good Til Cancelled (GTC) order and I'm wondering why it says 'restricted.' Could you please explain what this means and what might be causing it? Is it a problem with my account status, the specific asset I'm trying to trade, or something else entirely? I'd appreciate any insight you can provide to help me resolve this issue and get back to trading smoothly. Thank you for your assistance.
6 answers
Giuseppe
Sun Jul 28 2024
A FICO credit score is a widely used metric in the financial industry to assess an individual's creditworthiness. A score below 660 is generally considered to indicate a higher risk of default.
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charlotte_wilson_coder
Sun Jul 28 2024
To mitigate the risks associated with low credit scores, cryptocurrency exchanges may issue restricted accounts to individuals with a FICO score below 660. These accounts typically have lower transaction limits and stricter monitoring.
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KimchiQueenCharmingKissWarmth
Sun Jul 28 2024
However, some individuals may prefer not to have their credit score checked, even if it means they may be issued a restricted account. For these individuals, exchanges often provide an alternate creditworthiness form.
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Stardust
Sun Jul 28 2024
Cryptocurrency exchanges often impose certain conditions on account opening to ensure the security and integrity of their platform. One such condition is the issuance of restricted accounts to individuals who do not meet specific creditworthiness criteria.
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benjamin_cole_nurse
Sun Jul 28 2024
The alternate creditworthiness form, such as DD 2883, is a questionnaire that requires individuals to answer a series of questions about their financial history and behavior. By completing the form affirmatively, individuals can demonstrate their creditworthiness without disclosing their FICO score.
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