How does MoonPay handle transaction limits for purchasing digital currencies?

3 answers

• rest institutionFeb 22, 2025 · 5 months ago
  MoonPay sets transaction limits for purchasing digital currencies based on several factors. These include the user's account verification level, transaction history, and the specific digital currency being purchased. The limits are designed to ensure compliance with regulatory requirements and to mitigate the risk of fraud or money laundering. By setting transaction limits, MoonPay aims to provide a secure and reliable platform for users to buy digital currencies.
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• Minh Hòa Lê NguyễnOct 08, 2020 · 5 years ago
  When it comes to transaction limits for purchasing digital currencies on MoonPay, they take into account various factors. These factors include the user's identity verification status, the payment method used, and the specific digital currency being purchased. By considering these factors, MoonPay aims to prevent unauthorized transactions and ensure the safety of its users' funds. It's important to note that transaction limits may vary depending on the user's location and the regulatory requirements in that jurisdiction.
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• mantisJun 21, 2021 · 4 years ago
  MoonPay handles transaction limits for purchasing digital currencies in a responsible and compliant manner. They have implemented measures to prevent abuse and ensure the security of transactions. By setting transaction limits, MoonPay aims to protect both the users and the platform from potential risks. It's worth mentioning that transaction limits may be subject to change based on various factors, including regulatory updates and risk assessments. Overall, MoonPay strives to provide a seamless and secure experience for users while adhering to industry best practices.
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