What are the factors that determine the initial purchase limit on Coinbase?

3 answers

• Felipe Toledo NevesJan 01, 2024 · 2 years ago
  When it comes to determining the initial purchase limit on Coinbase, there are several factors that come into play. One of the main factors is the user's identity verification level. Coinbase has different verification levels, and each level has a different purchase limit. The higher the verification level, the higher the purchase limit. Other factors that Coinbase considers include the user's transaction history, account age, and the payment method used. Coinbase may also take into account the user's location and the current market conditions. It's important to note that these factors may vary over time as Coinbase updates its policies and algorithms.
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• Munn LindMar 01, 2024 · a year ago
  The initial purchase limit on Coinbase is determined by a combination of factors. Coinbase uses a risk-based approach to assess each user's account and determine their purchase limit. Some of the factors that Coinbase considers include the user's transaction history, account age, and the amount of funds available in their account. Coinbase also takes into account the user's identity verification level and the payment method used. Additionally, Coinbase may consider external factors such as the user's location and the current market conditions. It's worth noting that Coinbase regularly reviews and adjusts these factors to ensure a secure and compliant trading environment.
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• szekSep 11, 2021 · 4 years ago
  When it comes to determining the initial purchase limit on Coinbase, there are a few factors that come into play. Coinbase takes into account the user's identity verification level, transaction history, and account age. The higher the verification level, the higher the purchase limit. Coinbase also considers the payment method used, as certain payment methods may have higher limits than others. Additionally, Coinbase may adjust the purchase limit based on the user's location and the current market conditions. It's important to note that Coinbase's policies and algorithms are regularly updated, so the factors that determine the initial purchase limit may change over time.
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