Coinbase is one of the most trusted cryptocurrency exchanges, offering a safe and easy way to buy, sell, and hold digital assets. However, like many financial platforms, Coinbase imposes account limits on how much you can buy, sell, or withdraw within a certain period. If you are looking to trade larger amounts, you might wonder how to increase your limit on Coinbase.
Here In this article, we will talk about “How to increase limit Coinbase”.
Increase buying limit on Coinbase:
Coinbase sets account limits to protect both the platform and its users from fraud, regulatory issues, and other risks. These limits vary by user and depend on several factors, including:
- Account verification level
- Payment method used
- User’s transaction history
- Country of residence
Limits can apply to daily, weekly, or monthly buying and selling, as well as to withdrawals.
How do I increase my Coinbase limit:
Here are the steps to Increase my Coinbase Limit:-
- Complete Identity Verification:
The key step is to complete the identity verification.Coinbase requires you to submit:
1. A government-issued ID
2. Full Name, Date of Birth, Address
You can complete verification in the Coinbase app or website under Settings tab and then hit the Identity Verification. Verified users generally receive higher limits than unverified accounts. - Link to the Bank Account:
Using a verified bank account instead of a debit card often increases the buying and withdrawal limits. Bank transfers are considered safer and more reliable than card payments, so Coinbase allows higher limits for them.
- Build the Account History:
Regular use of the Coinbase account can help raise purchase limits over time. Making frequent transactions, maintaining a clean record, and avoiding chargebacks or suspicious activity shows Coinbase you’re a trustworthy user.
- Request a Higher Limit:
For some users, especially businesses or high networth individuals, it’s possible to request even higher limits by contacting Coinbase Support directly. You may need to provide additional documentation, such as proof of income or source of funds.
- Consider Coinbase Pro:
If you need higher limits and more advanced features, you can also open a Coinbase Pro account. This platform (also owned by Coinbase) offers professional trading tools and typically has much higher limits compared to the standard Coinbase app.
Conclusion:
Coinbase follows strict financial regulations and anti-money laundering (AML) laws. Limits are part of their compliance with these laws and help ensure the safety of all users on the platform.
Increasing Coinbase limit is usually a simple process. Starting by completing the identity verification, linking a bank account, and maintaining a good account history, one can increase Coinbase limit. If you have higher needs, don’t hesitate to reach out to Coinbase Support or consider upgrading to Coinbase Pro.
By following these steps, you can unlock higher limits and enjoy a more seamless trading experience on Coinbase.
Frequently Asked Questions:
Once you complete identity verification and link your bank account, limit increases are usually applied immediately or within a few hours.
Buying, selling, and withdrawing may each have separate limits based on the verification level and payment mode.
No, there is no fee to increase the Coinbase limits. However, standard transaction fees still apply when you buy, sell, or withdraw crypto.