What factors can cause a reduction in the limit for buying cryptocurrencies with a Coinbase card?

3 answers

• May 03, 2022 · 3 years ago
  One possible factor that can cause a reduction in the limit for buying cryptocurrencies with a Coinbase card is a change in the user's credit score. If the credit score decreases, Coinbase may lower the purchasing limit to mitigate the risk of potential defaults. It is important for users to maintain a good credit score to avoid any limitations on their buying power.
  369

  185
• May 03, 2022 · 3 years ago
  Another factor that can result in a decrease in the limit for buying cryptocurrencies with a Coinbase card is suspicious activity or fraudulent transactions. If Coinbase detects any suspicious behavior, they may temporarily reduce the purchasing limit to prevent further unauthorized transactions. Users should always ensure the security of their accounts and report any unauthorized activities immediately.
  407

  136
• May 03, 2022 · 3 years ago
  In some cases, Coinbase may lower the purchasing limit for buying cryptocurrencies with a Coinbase card due to regulatory requirements or compliance issues. This can happen if there are changes in the legal landscape or if Coinbase needs to adhere to stricter regulations. It is important for users to stay updated on any regulatory changes that may affect their purchasing limits.
  381

  96