What happens if I exceed the daily limit for Bitcoin transactions?
KO KJun 15, 2021 · 4 years ago3 answers
If I exceed the daily limit for Bitcoin transactions, what are the consequences? Will my transaction be rejected or delayed? How can I avoid exceeding the limit?
3 answers
- Santhosh SandyJul 26, 2020 · 5 years agoIf you exceed the daily limit for Bitcoin transactions, your transaction may be delayed or rejected. This limit is usually in place to prevent fraud and ensure the security of the network. To avoid exceeding the limit, you can try splitting your transaction into smaller amounts or waiting until the next day to make the transaction.
- Chetna ChimkareJul 07, 2021 · 4 years agoExceeding the daily limit for Bitcoin transactions can have consequences. Your transaction may be rejected or delayed, depending on the policies of the exchange or wallet you are using. It's important to check the specific limits and rules of the platform you are using to avoid any issues. If you frequently exceed the limit, you may need to consider using a different platform or contacting customer support for assistance.
- Richard chearMar 12, 2024 · a year agoIf you exceed the daily limit for Bitcoin transactions, the consequences can vary depending on the platform you are using. Some platforms may reject your transaction outright, while others may delay it until the next day. It's always a good idea to check the transaction limits and policies of the platform you are using to avoid any surprises. If you consistently exceed the limit, you may want to consider using a different platform that better suits your needs.
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