The popular cryptocurrency exchange Coinbase is increasing its daily limits to $25,000 and enabling immediate trading
Coinbase announced today immediate trading and significantly higher default limits for Coinbase accounts. Starting today, they are rolling out the ability to trade cryptocurrency immediately after a purchase — no more waiting five days for funds to settle. Most customers will also see their trading limits increased to $25,000 per day. This functionality will be available for US customers over the next few weeks.
With this update, customers will receive an immediate credit for the funds being sent from their bank account. They can then buy and sell crypto to and from their USD wallet right away, but cannot send their funds off the Coinbase platform until the funds coming from their bank have settled.
They are also increasing limits for the majority of their US customers. Until now, the maximum allowable purchase was $25,000 weekly. For verified customers, the limit will now be $25,000 daily, a 7x increase over their prior limits. And once your funds are transferred to Coinbase, there are no longer any limits to how much you can buy or sell at a time.
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About the writer: Ava Lauren
As an expert on cryptocurrency related topics, I've found myself working as a Journalist at TheCryptoCoinCenter.com. I write articles related to bitcoin and other cryptocurrencies. Email me