What is everyone's coinbase limit

[Playboi]

$500 ... which is way too low. What is yours, and is there a way to speed up the process?

[ranreichman]

Do you mean the limit for buying with fiat?

[Winner]

$500 ... which is way too low. What is yours, and is there a way to speed up the process?

It’s kind of weird to see that people are still using Coinbase even though they are kicking people out of their company. Coinbase is working with the IRS and the people that put Bitcoin in their accounts and make a cash transfer will lose a bunch of money in fees while being tracked by the IRS.

I wouldn’t use Coinbase at all. I’d rather purchase Bitcoin from the ATM than try to purchase coins on that website.

[sotoshihero]

I think it depends on your level of confirmation or verification. If you submit a certain documents like SIN,TIN Passport etc to prove your address/location  and identity then I think you will be given a higher limit. Also, I think you can talk to them if you need more than what is allowed by them like in business etc. AFAIK, you can always email them.

[wpt1wpt1]

$25,000 never had a problem with Coinbase, fees kinda high but convenient.

[HabBear]

It’s kind of weird to see that people are still using Coinbase even though they are kicking people out of their company. Coinbase is working with the IRS and the people that put Bitcoin in their accounts and make a cash transfer will lose a bunch of money in fees while being tracked by the IRS.

This comment is either entirely misleading or totally misinformed on the IRS role in the US. Coinbase doesn't work for the IRS, full stop. Coinbase is a US financial services company, which means if they intend on having a future they need to adhere to know your customer and other tax reporting rules that every financial services firm in the US needs to abide by.

@Winner may be annoyed by the regulation that exists over financial services firms in the US, and if so it would be a valid point. But to be shocked that a US company is following federal regulations is naive.

I’d rather purchase Bitcoin from the ATM than try to purchase coins on that website.

This, however, is a decent idea...as long as you have an ATM within a reasonable distance from where ever you are! The problem is that ATMs charge a 5-10% premium on the buy price, which is something that Coinbase DOESN'T do.

With Coinbase you can make your purchase, it will be recorded, it might be reported to the IRS as part of general reporting laws, and then you can move your Bitcoin where ever you want on the blockchain. The only time that the IRS is really interested in Americans owning Bitcoin is when you sell it for fiat...and that happens regardless who you buy it from.


Buy limit $7500. One thing that's always an option in the spendy States is the ability to increase your limit. You can always ask...in fact on my account there's an link right next to my limit that says "increase limits".

[Jeezy911]

I also have not had any issues with Coinbase, been using them for about 5 years now. The problem seems to be that people try to use it as a short trading method for which they are terrible at doing. They are insured and really one of the only exchanged that have stood the test of time and not really lost people money. Much more likely to get ripped off with some of these new pop up exchanges.

[carlfebz2]

I think it depends on your level of confirmation or verification. If you submit a certain documents like SIN,TIN Passport etc to prove your address/location  and identity then I think you will be given a higher limit. Also, I think you can talk to them if you need more than what is allowed by them like in business etc. AFAIK, you can always email them.

It really depends on what tier does your account have and it matter on level of verfication just like mine i just use it without any verification but i still dont know my limit since i do only micro transactions which cant really hit up the limitation of the account and for op if you are only on $500 limit then try up to send documents and papers for their verification process for you do have a more higher limitation.

[gadman2]

50k Buy with USD wallet transfer
25k Buy with Bank account transfer
2k Buy with Bank Instant
6k Buy with Credit Card Instant

50k Sell limit all methods

[Playboi]

50k Buy with USD wallet transfer
25k Buy with Bank account transfer
2k Buy with Bank Instant
6k Buy with Credit Card Instant

50k Sell limit all methods

$25,000 never had a problem with Coinbase, fees kinda high but convenient.

how did you guys manage to get this high of a limit? verification?
I am mainly interested in BUYING limits by the way. not so much selling since i use paxful and LBC

[HabBear]

$25,000 never had a problem with Coinbase, fees kinda high but convenient.

What's your sell limit?

This interesting that there's a sell limit. I'm not surprised, prevents a run on the bank so to speak, but I wonder what your sell is compared to your buy.

My sell limit is double my buy limit.

[yg10]

Biy limits:

$15,000.00 USD wallet.
$10,000.00 Bank wire.
$6,000.00 Credit/debit card.

Sell limit:
$15,000.00.

[iamTom123]

$500 ... which is way too low. What is yours, and is there a way to speed up the process?

It’s kind of weird to see that people are still using Coinbase even though they are kicking people out of their company. Coinbase is working with the IRS and the people that put Bitcoin in their accounts and make a cash transfer will lose a bunch of money in fees while being tracked by the IRS. I wouldn’t use Coinbase at all. I’d rather purchase Bitcoin from the ATM than try to purchase coins on that website.

Coinbase has been the target of IRS lately...demanding to have access to its holy customer database so that they can study who among its US citizens are not declaring and not paying Bitcoin income taxes. Coinbase fought back and I think IRS changed course but still the company is not totally safe from government overarching power. They are based in USA so they would have no choice but to work eventually with IRS maybe under a compromised agreement.

This is a big problem for companies based in USA and although the intention of the government is driven by no-ill intentions am sure that many users can fell apprehensive...who would want to be summoned by IRS for tax evasion? I am then happy that I did not opened an account in Coinbase.

[Dude.Lebowski]

$500 ... which is way too low. What is yours, and is there a way to speed up the process?

You mean Coinbase.com

Coinbase has a very specific meaning in Bitcoin and Litecoin which is not the company that does fiat/Crypto exchanges.

https://en.bitcoin.it/wiki/Coinbase

FTFY

[harizen]

I wouldn’t use Coinbase at all. I’d rather purchase Bitcoin from the ATM than try to purchase coins on that website.

But not all countries have Bitcoin ATM. Just take it that way or leaved it.

how did you guys manage to get this high of a limit? verification?
I am mainly interested in BUYING limits by the way. not so much selling since i use paxful and LBC

Might reading this will give you some insights. My country is not supported by Coinbase that's why we can't see the limits per tier.

Limits explained
When you create a new account, you may notice that your limit to transfer funds from your bank may be a smaller amount than you expected. This will also affect the amount you can purchase in the USA when using your bank account as the payment method.
Because bitcoin is an irreversible payment, we take on risk when receiving payments and must be cautious.
Your limits will increase

Do not panic! Low limits are temporary.
Your limits will increase as your establish a good history with us.
You can find out exactly what your limits are and how to increase them on our Limit Verification page: https://www.coinbase.com/verifications236

Are you a high volume customer? Do you need a "higher than average" limit?
We can accommodate you. Apply to make transactions in excess of $10K per day. Make your request to our email support: support@coinbase.com

[Scorpion]

My buy limit is $10,000 via Bank transfer - with the option to increase the limit. I have tried that yet however.

[niisarearning]

I am not knowing why people are using coinbase there is high transaction fees as well lots of people leaving coinbase like charlee lee left coinbase joined litecoin . I dint really check my limit in coinbase after really some bad experience i completely left using coinbase.

[gadman2]

50k Buy with USD wallet transfer
25k Buy with Bank account transfer
2k Buy with Bank Instant
6k Buy with Credit Card Instant

50k Sell limit all methods

$25,000 never had a problem with Coinbase, fees kinda high but convenient.

how did you guys manage to get this high of a limit? verification?
I am mainly interested in BUYING limits by the way. not so much selling since i use paxful and LBC

I am highest level verified and have a merchant account through them as well for non-restricted sales with my firearm business.

[Playboi]

got it up to 1000

[RodeoX]

It’s kind of weird to see that people are still using Coinbase even though they are kicking people out of their company. Coinbase is working with the IRS and the people that put Bitcoin in their accounts and make a cash transfer will lose a bunch of money in fees while being tracked by the IRS.
...

So you think it would be better to deal with a website that does not follow the law. Good luck with that.