Cryptocurrency Q&A
Why can i only buy $50 on Coinbase?
Why can i only buy $50 on Coinbase?
Lorenzo
Mon Nov 11 2024
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5 answers
665
I tried to purchase more than $50 worth of cryptocurrency on Coinbase, but I was restricted to only buying $50. I'm wondering why there's such a limitation on my purchase amount.
5 answers
ethan_harrison_chef
Wed Nov 13 2024
Coinbase sets account limits through an algorithm that considers multiple factors. These factors are not limited to just a few elements but encompass a broader range.
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FireFlyer
Tue Nov 12 2024
Account age plays a significant role in determining the limits. Newer accounts typically have lower limits compared to those that have been active for a longer period.
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henry_harrison_philosopher
Tue Nov 12 2024
Location is another crucial factor. Different regions may have varying regulatory requirements and risk assessments, influencing the limits set for accounts in those areas.
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Nicola
Tue Nov 12 2024
Transaction history is also taken into account. Accounts with a history of frequent and legitimate transactions may be granted higher limits.
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GliderPulse
Tue Nov 12 2024
Payment method is another determinant. Customers using more secure and verified payment methods may be eligible for higher limits.
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