How does Coinme determine the daily limit for transactions?

3 answers

• Pacheco McGinnisNov 29, 2024 · 7 months ago
  Coinme determines the daily limit for transactions based on several factors. These factors include the user's identity verification level, transaction history, and risk assessment. By analyzing these factors, Coinme can determine the appropriate limit for each user to ensure security and compliance with regulations. It's important to note that the daily limit may vary for different users based on their individual circumstances and Coinme's risk assessment.
  460

  230
• Jack JackDec 02, 2020 · 5 years ago
  When it comes to setting the daily limit for transactions, Coinme takes into account various factors. These factors include the user's account activity, transaction volume, and compliance with KYC (Know Your Customer) requirements. Coinme aims to strike a balance between providing users with flexibility and ensuring the security of their platform. By setting daily limits, Coinme can mitigate potential risks and protect users from unauthorized transactions.
  460

  154
• Carlsson WongDec 08, 2020 · 5 years ago
  Coinme determines the daily limit for transactions by considering multiple factors. These factors include the user's account age, transaction history, and verification level. Additionally, Coinme takes into account regulatory requirements and risk management practices to ensure the safety and security of its platform. By setting daily limits, Coinme can prevent fraudulent activities and protect users' funds. It's important for users to understand that the daily limit may vary based on their individual circumstances and Coinme's risk assessment.
  550

  138