What is the reason for Coinbase having a limit on transactions?

3 answers

• Bridges WatkinsJul 30, 2023 · 2 years ago
  Coinbase imposes limits on transactions for several reasons. Firstly, it helps to prevent fraud and money laundering by monitoring and controlling the flow of funds. Secondly, it ensures the stability and security of the platform by managing the volume of transactions. Lastly, transaction limits also help Coinbase comply with regulatory requirements and maintain a good relationship with financial institutions.
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• Oleg BryzhevatykhOct 28, 2021 · 4 years ago
  Coinbase has transaction limits to protect its users and the platform. By setting limits, Coinbase can prevent unauthorized access to accounts and reduce the risk of hacking or theft. Additionally, transaction limits help prevent market manipulation and ensure fair trading practices. While limits may sometimes be inconvenient, they are necessary for maintaining a secure and trustworthy cryptocurrency exchange.
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• luciMar 25, 2023 · 2 years ago
  As an expert in the field, I can tell you that Coinbase has transaction limits in place to ensure the safety and security of its users' funds. These limits help prevent large-scale fraud and protect against potential hacking attempts. By implementing transaction limits, Coinbase can also better manage its liquidity and ensure a smooth operation of the platform. It's a necessary measure to maintain the integrity of the exchange and protect the interests of its users.
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