How does Coinbase increase your limit after the first successful transaction?

3 answers

• AYAN THARAFeb 05, 2022 · 3 years ago
  Once you have successfully completed your first transaction on Coinbase, the platform will automatically review your account and may increase your limit based on various factors such as your transaction history, account verification, and overall activity. This increase in limit allows you to buy, sell, and trade larger amounts of cryptocurrencies on Coinbase. It's important to note that the limit increase is not guaranteed and may vary for each user depending on their individual circumstances.
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• nearzleeDec 31, 2023 · 2 years ago
  After your first successful transaction on Coinbase, the platform evaluates your account to determine if an increase in your limit is warranted. Factors such as your account verification level, transaction history, and overall account activity are taken into consideration. If Coinbase deems it appropriate, they will raise your limit, giving you the ability to transact with larger amounts of cryptocurrencies. Keep in mind that the limit increase is not immediate and may take some time to reflect in your account.
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• Meldgaard MullinsJun 04, 2024 · a year ago
  When you make your first successful transaction on Coinbase, the platform will review your account to assess your eligibility for a limit increase. Coinbase considers various factors such as your account verification status, transaction history, and overall account activity. If your account meets their criteria, they will increase your limit, allowing you to trade larger amounts of cryptocurrencies. It's important to note that the limit increase is not guaranteed and may vary for each user based on their individual circumstances. For more information, you can refer to Coinbase's support documentation or reach out to their customer support team.
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