coinbase.com won't allow any purchases after verification

[Braincoin]

I signed up for an account at coinbase.com and verified my account. The site clearly states:

You have 10.0 BTC remaining of your 10.0 BTC daily limit.

When I try to enter any amount (10 BTC or 5 BTC) I receive a message that states:

Sorry, the maximum number of purchases on Coinbase has been reached for today. Please try again in 24 hours. We'll continue raising this limit over time.

This makes no sense since I have not made any transactions through coinbase.com.

I have been unable to make a bitcoin purchase since signing up 3 days ago. I've emailed support at coinbase and have received no response.  Any tips or suggestions? Thanks

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[cilphex]

That notification seems like it's talking about total purchases across all of Coinbase, not just your account.  For example, maybe they have an internal limit of selling only up to 10,000 BTC per day.  If that limit is reached before you try to place an order, then you're out of luck.

I'd just keep attempting throughout the day and you'll probably get it at some point.

[Braincoin]

OK, it finally worked. It does seem sketchy that this wasn't working for 3 days. Would have liked to have heard back from coinbase as well. I was also surprised to see that I don't get the bitcoins for almost a week! I guess this has something to do with the bank transfer. Thanks for the tip.

[Braincoin]

Cilphex was correct. Coinbase has a daily limit that is site wide. So if other's make too many transactions they can essentially block you from making a transaction. I didn't realize that. It would be best if Coinbase gave the message before trying to make a purchase rather than after. Just posting to let others know. Here is the email response I received back from Coinbase:

Hi,

Sorry for the confusion on that! The limit you're seeing is Coinbase's daily limit being reached, not your personal limit. This is something we'll be raising in the very near future!

[jayson3]

The overall coinbase daily limit is a serious problem.  I have been trying for 2 days to buy more BTC and they are always "at the limit".  Even just before midnight, just after midnight and at 800 am.  The service isnt useful if it is not reliable.  It is also very important that people have confidence they can exchange BTC in and out under known predictable rules.  Uncertainty destroys confidence. 

I may have to go and set up another service for buying BTC.....