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Title: Crypto Exchanges Withdrawal limits are only related to FIAT? Post by: trading24 on June 12, 2017, 05:28:48 PM Hi,
I'd like to start trading on POLONIEX. Let say I transfer 10 BTC from my local wallet to POLONIEX exchange wallet. I start trading and after a month I end up with 30 BTC (10 + 20 out of trading profits). Can I just send those 30 BTC back my local wallet without any kind of KYC? Or do crypto withdrawals require some sort of KYC as well? Also, is there any crypto trading limits? Or as long as everything remains on crypto, I can trade whatever I want? Are these rules apply to all exchanges? Is there any comparison table of exchanges in regard to these features? Thanks. Title: Re: Crypto Exchanges Withdrawal limits are only related to FIAT? Post by: richsoon on June 12, 2017, 05:30:12 PM Hi, I'd like to start trading on POLONIEX. Let say I transfer 10 BTC from my local wallet to POLONIEX exchange wallet. I start trading and after a month I end up with 30 BTC (10 + 20 out of trading profits). Can I just send those 30 BTC back my local wallet without any kind of KYC? Or do crypto withdrawals require some sort of KYC as well? Also, is there any crypto trading limits? Or as long as everything remains on crypto, I can trade whatever I want? Are these rules apply to all exchanges? Is there any comparison table of exchanges in regard to these features? Thanks. Their limits are based on fiat yes which is calculated based on the USDT price from Poloniex for your coins. When you click on your Poloniex wallet it says both your dollar daily limit and your total dollar value based on their calculation. Title: Re: Crypto Exchanges Withdrawal limits are only related to FIAT? Post by: trading24 on June 12, 2017, 05:39:03 PM So that means that the restriction not just applies to sending dollars to your bank account, but also to any other crypto wallet?
So if I have 30 BTC, I won't be able to send all the 30 BTC to another bitcoin address? Please clarify this. Thanks. Title: Re: Crypto Exchanges Withdrawal limits are only related to FIAT? Post by: clubminer on June 12, 2017, 05:57:42 PM Hi, I'd like to start trading on POLONIEX. Let say I transfer 10 BTC from my local wallet to POLONIEX exchange wallet. I start trading and after a month I end up with 30 BTC (10 + 20 out of trading profits). Can I just send those 30 BTC back my local wallet without any kind of KYC? Or do crypto withdrawals require some sort of KYC as well? Also, is there any crypto trading limits? Or as long as everything remains on crypto, I can trade whatever I want? Are these rules apply to all exchanges? Is there any comparison table of exchanges in regard to these features? Thanks. The bitcoin wallet has no limit to make transfers or received. Title: Re: Crypto Exchanges Withdrawal limits are only related to FIAT? Post by: ulhaq on June 13, 2017, 08:39:54 PM Hi, I'd like to start trading on POLONIEX. Let say I transfer 10 BTC from my local wallet to POLONIEX exchange wallet. I start trading and after a month I end up with 30 BTC (10 + 20 out of trading profits). Can I just send those 30 BTC back my local wallet without any kind of KYC? Or do crypto withdrawals require some sort of KYC as well? Also, is there any crypto trading limits? Or as long as everything remains on crypto, I can trade whatever I want? Are these rules apply to all exchanges? Is there any comparison table of exchanges in regard to these features? Thanks. The bitcoin wallet has no limit to make transfers or received. You cannot withdraw as USD on poloniex, so the withdrawal limit must apply to crypto. The OP is looking to withdraw BTC into his own BTC wallet, not a poloniex BTC wallet. |