Now Reading
Coinbase Won’t Allow Users to Withdraw More Than $10

Coinbase Won’t Allow Users to Withdraw More Than $10

Coinbase Won’t Allow Users to Withdraw More Than $10-techcryption

Coinbase is a digital currency exchange headquartered in San Francisco, California. Founded in June of 2012, Coinbase is a digital currency wallet and platform where merchants and consumers can transact with new digital currencies like Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC).

Reportedly, the firm has allegedly blocked some users from making account withdrawals over $10 in BTC. One Reddit user known as Unholy_Crab1 posted and confirmed that Coinbase is limiting his daily withdrawal limits to $10 and his request was denied by the firm.

The thread attracted interactions among many Reddit users where some claimed to have not encountered the $10 per transaction a day. On the other hand, two users claimed that the firm has blocked them previously without any clear explanation and suggested other users to ditch Coinbase and use another exchange platform instead.

See Also
Line Backed Cryptocurrency Exchange To Enter The US Market-techcryption

However, some claimed that the freezing of accounts are standard procedures within private companies once suspicious activities are detected from users’ accounts. Possible causes of the limitation remain unclear to date.

What's Your Reaction?
Angry
0
Confused
0
Excited
0
Happy
0
Okay
0
Sad
0

© 2020 Techcryption Media Sdn Bhd . All Rights Reserved

Scroll To Top