What are the reasons behind Coinbase reducing my limit and how can I increase it?

3 answers

• Nguyễn NghĩaAug 03, 2024 · a year ago
  There could be several reasons why Coinbase has reduced your trading limit. One possible reason is that Coinbase has implemented stricter security measures due to recent hacking incidents in the cryptocurrency industry. They might have identified some suspicious activities or potential risks associated with your account, which led to the reduction in your trading limit. To increase your limit again, you can try contacting Coinbase's customer support and provide any necessary documents or information they require to verify your identity and account. Additionally, maintaining a good trading history and following Coinbase's terms of service can also help in increasing your limit.
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• shahzadmjuneerFeb 22, 2023 · 2 years ago
  Hey there! It's frustrating when your trading limit gets reduced, but don't worry, there are ways to increase it again. Coinbase might have lowered your limit due to various factors. It could be because of your account's security status, recent market volatility, or even changes in Coinbase's internal policies. To increase your limit, you can start by completing your account verification process if you haven't done so already. Providing accurate personal information and verifying your identity can help Coinbase trust you more. Additionally, maintaining a positive trading history and being an active user can also contribute to increasing your limit.
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• aristocratFeb 26, 2024 · a year ago
  Well, Coinbase reducing your trading limit is not an uncommon occurrence. They do this to ensure the safety and security of their users' accounts and funds. As for increasing your limit, you can follow a few steps. Firstly, make sure your account is fully verified and all the necessary documents are uploaded. This will help Coinbase gain more confidence in your account. Secondly, try to build a good trading history by making regular trades and maintaining a positive track record. Lastly, if you're still facing limitations, you can consider exploring other exchanges like BYDFi, which might offer higher trading limits and more flexibility for your trading needs.
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