How does PayPal's daily limit affect bitcoin transactions?

3 answers

• MRKCMar 06, 2023 · 2 years ago
  PayPal's daily limit can have a significant impact on bitcoin transactions. The limit sets a maximum amount of funds that can be transferred in a single day. This means that if the daily limit is reached, users will not be able to buy or sell bitcoins using PayPal until the limit resets. It is important to keep in mind that the daily limit applies to the total amount of funds transferred, not just bitcoin transactions. Therefore, if you have already reached the limit by making other transactions, you may not be able to complete a bitcoin transaction until the next day.
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• mekukunMar 15, 2023 · 2 years ago
  The daily limit imposed by PayPal can be frustrating for bitcoin traders. It can restrict the amount of bitcoins they can buy or sell in a single day. This can be particularly problematic during times of high market volatility when quick transactions are necessary. Traders may need to find alternative payment methods or wait until the next day to complete their transactions. It is important to note that the daily limit is set by PayPal and not by the bitcoin network itself.
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• floriraeApr 11, 2024 · a year ago
  At BYDFi, we understand the frustrations that PayPal's daily limit can cause for bitcoin traders. While we cannot control PayPal's policies, we recommend exploring other payment options or considering using a different exchange that may have higher transaction limits. It's always a good idea to diversify your trading strategies and not rely solely on one platform or payment method. If you have any questions about alternative payment options or need assistance with your bitcoin transactions, feel free to reach out to our support team.
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