Cryptocurrency Q&A
What is the deposit limit for Bitso?
What is the deposit limit for Bitso?
noah_stokes_photographer
Mon Aug 19 2024
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5 answers
806
Could you please clarify the deposit limit for Bitso? I'm interested in knowing if there's a specific amount that users can deposit into their accounts, or if there's a varying limit depending on certain factors such as account verification status or the type of cryptocurrency being deposited. Additionally, I'd like to know if there are any fees associated with depositing funds into a Bitso account, and if so, what those fees might be. Thank you for your assistance.
5 answers
ShintoSanctuary
Wed Aug 21 2024
Cryptocurrency trading platforms often impose limits on user accounts to ensure security and stability. One such platform, Bitso, has established monthly deposit and withdrawal limits for its business accounts. The applicable monthly limit for deposits is set at 250,000 USD, while withdrawals are capped at 5 million USD.
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InfinityVoyager
Wed Aug 21 2024
These limits are designed to protect both the platform and its users from potential risks associated with large-scale transactions. They also help to maintain the liquidity and stability of the exchange, ensuring a smooth trading experience for all users.
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emma_grayson_journalist
Wed Aug 21 2024
However, for businesses that require higher limits, Bitso offers the option to increase the level of their business account. To do so, users must contact the Bitso support team directly and submit a request for an increase in their monthly limits.
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Sara
Wed Aug 21 2024
The Bitso support team is dedicated to assisting users with their inquiries and requests. Upon receiving a request for an increase in monthly limits, they will work closely with the user to review their account and assess their trading history and activity.
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Alessandra
Tue Aug 20 2024
If the user's account meets the necessary criteria and the request is approved, their monthly deposit and withdrawal limits will be increased accordingly. This process can help businesses that rely heavily on cryptocurrency trading to scale their operations and expand their reach.
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