How does Remitly handle the sending limit for digital currencies?

3 answers

• codemaverickJul 24, 2024 · a year ago
  Remitly has implemented a tiered system to handle the sending limit for digital currencies. The sending limit varies depending on the user's verification level. For example, users with a basic verification level may have a lower sending limit compared to users who have completed advanced verification. This approach helps Remitly ensure compliance with regulatory requirements while still providing flexibility for users to send digital currencies within their respective limits.
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• Hood RitchieMar 14, 2022 · 3 years ago
  When it comes to handling the sending limit for digital currencies, Remitly takes security seriously. They have implemented robust security measures, including multi-factor authentication and advanced encryption, to protect users' funds and personal information. By setting sending limits based on verification levels, Remitly can mitigate the risk of fraudulent activities and unauthorized transactions. This ensures that users can safely send digital currencies while maintaining the integrity of the platform.
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• Simple_by_vasau VasauAug 14, 2020 · 5 years ago
  As an expert in the digital currency industry, I can say that Remitly's approach to handling the sending limit for digital currencies is in line with industry standards. Many other reputable exchanges and platforms also have similar mechanisms in place to manage sending limits. It's important to strike a balance between user convenience and security, and Remitly seems to have achieved that with their tiered verification system. This allows users to send digital currencies within their limits while minimizing the risk of fraudulent activities.
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