What are the factors that affect the credit card limit for buying digital assets on Coinbase?

1 answers

• jenniferthodgesyzlApr 25, 2022 · 3 years ago
  At BYDFi, we understand that credit card limits for buying digital assets can be a concern for users. While we cannot speak specifically for Coinbase, it is common for exchanges to have credit card limits in place to mitigate risks associated with fraud and chargebacks. These limits are often determined by factors such as the user's account verification level, transaction history, and creditworthiness. To increase your credit card limit, it's advisable to complete the necessary verification steps, maintain a positive transaction history, and ensure a good credit score. Remember, credit card limits are put in place to protect both the users and the exchange, so it's important to comply with the established limits and follow the exchange's guidelines.
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