Cryptocurrency Q&A
What is the maximum withdrawal from trading account?
What is the maximum withdrawal from trading account?
Chiara
Sat Sep 28 2024
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7 answers
1521
Could you please elaborate on the maximum withdrawal limit for trading accounts? I'm curious to know if there are any specific guidelines or restrictions in place that traders should be aware of when withdrawing funds from their accounts. Additionally, is the withdrawal limit the same for all users, or does it vary based on account type, verification level, or other factors? I'd appreciate any insights you can provide on this matter.
7 answers
CryptoChieftain
Mon Sep 30 2024
Cryptocurrency withdrawals can be initiated by clients at any time without any limitations imposed. However, there are specific guidelines that must be adhered to in order to ensure the smooth processing of the requests.
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ZenHarmony
Mon Sep 30 2024
The minimum withdrawal amount per day is set at ₹100. This threshold ensures that clients do not make unnecessary withdrawals, thereby reducing the workload for the exchange and ensuring the security of the transactions.
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mia_anderson_painter
Mon Sep 30 2024
Conversely, there is also an upper limit on the amount that can be withdrawn in a single day. The maximum withdrawal limit per day is set at ₹1,00,000. This cap is in place to prevent any fraudulent activities and to ensure that the exchange's liquidity remains stable.
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AmethystEcho
Mon Sep 30 2024
It is important to note that clients cannot have any pending, executed, or cancelled orders when initiating a withdrawal request. This is to ensure that the withdrawal process is not interrupted by any ongoing transactions.
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DigitalTreasureHunter
Sun Sep 29 2024
Similarly, clients must not have any open or closed positions, with the exception of Cash and Carry (CNC) sell orders. CNC sell orders are a type of trade that allows clients to sell a cryptocurrency at a predetermined price and receive the cash equivalent immediately.
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