Excuse me, could you please clarify the maximum daily withdrawal limit for cryptocurrency transactions? I'm curious to know if there's a cap on how much I can withdraw within a 24-hour period. It would be great if you could provide me with the specific figure or range so that I can plan my transactions accordingly. Thank you for your assistance.
6 answers
TaegeukChampionCourageousHeart
Tue Sep 03 2024
Specifically, individuals are limited to withdrawing $10,000 or less in cash per day.
CryptoElite
Tue Sep 03 2024
This limit is designed to prevent money laundering and other financial crimes.
CryptoEnthusiast
Tue Sep 03 2024
Should a customer wish to withdraw more than $10,000 in cash, the bank is obligated to report the transaction to the federal government.
HanbokGlamourQueenElegance
Tue Sep 03 2024
The purpose of this reporting requirement is to monitor large cash transactions and ensure they are legitimate.
HanRiverVisionaryWave
Tue Sep 03 2024
The Bank Secrecy Act (BSA) imposes restrictions on daily cash withdrawals from bank accounts.