Bitcoin Forum
November 17, 2024, 01:15:11 AM *
News: Check out the artwork 1Dq created to commemorate this forum's 15th anniversary
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Crypto Exchanges Withdrawal limits are only related to FIAT?  (Read 639 times)
trading24 (OP)
Newbie
*
Offline Offline

Activity: 2
Merit: 0


View Profile
June 12, 2017, 05:28:48 PM
 #1

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.
richsoon
Member
**
Offline Offline

Activity: 118
Merit: 100


View Profile
June 12, 2017, 05:30:12 PM
 #2

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.
trading24 (OP)
Newbie
*
Offline Offline

Activity: 2
Merit: 0


View Profile
June 12, 2017, 05:39:03 PM
 #3

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.
clubminer
Sr. Member
****
Offline Offline

Activity: 392
Merit: 250


Let's get rich together


View Profile
June 12, 2017, 05:57:42 PM
 #4

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.

ulhaq
Sr. Member
****
Offline Offline

Activity: 503
Merit: 286


View Profile
June 13, 2017, 08:39:54 PM
 #5

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.
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!