What are the reasons for having a limit of 0 on Coinbase?

5 answers

• May 17, 2022 · 3 years ago
  Coinbase has a limit of 0 for certain transactions due to security reasons. By imposing this limit, Coinbase aims to protect its users from potential fraud and unauthorized access to their accounts. This restriction helps prevent large-scale theft and ensures the safety of users' funds.
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• May 17, 2022 · 3 years ago
  The limit of 0 on Coinbase is also a way to comply with regulatory requirements. As a regulated cryptocurrency exchange, Coinbase needs to adhere to strict anti-money laundering (AML) and know your customer (KYC) regulations. By setting a limit of 0, Coinbase can effectively monitor and report any suspicious activities, ensuring compliance with these regulations.
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• May 17, 2022 · 3 years ago
  From BYDFi's perspective, the limit of 0 on Coinbase is a common practice in the cryptocurrency industry. Many exchanges implement similar restrictions to mitigate risks associated with large transactions. This limit helps prevent potential market manipulation and ensures a fair trading environment for all users.
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• May 17, 2022 · 3 years ago
  Having a limit of 0 on Coinbase may seem inconvenient for some users, but it ultimately serves to protect the security and integrity of the platform. By imposing this restriction, Coinbase can maintain a high level of trust and reliability, which are crucial factors for the success of any cryptocurrency exchange.
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• May 17, 2022 · 3 years ago
  Coinbase's limit of 0 is not unique to the platform. Other reputable exchanges also have transaction limits in place to safeguard their users' assets. These limits are designed to prevent unauthorized access, money laundering, and other illicit activities. It's important to remember that these restrictions are in place for the benefit and safety of all users.
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