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August 23, 2015, 01:51:53 PM |
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I have no idea about circle, however on Coinbase there is a selling limit that is based on your account status. If you have made a bitcoin purchase, fully verified your identity, linked a credit card to your account and 30 days have elapsed since your bitcoin purchase then your daily limit to both buy and sell bitcoin is $10,000. This means that you could buy 100BTC at $80, then if the price were to go up to $101 later in the day, you could sell a maximum of approximately 99.099BTC. Please note that these figures ignore any commissions that coinbase will charge you.
Interestingly, you are only able to deposit a maximum of $10,000 into the coinbase exchange per day, across both bitcoin and fiat. This means that you are only able to have a maximum of $10,000 worth of assets in the coinbase exchange at any one time. I am not sure what would happen if the value of your bitcoin would increase after purchasing bitcoin on the coinbase exchange.
You do have the ability to apply to have your trading limit increased in case the above limit is not sufficient for you. I am not exactly sure what the criteria is for them to approve this.
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