just bought first coin

[180south]

hello and coinbase limits my purchase and sales;

just bought my first coin last week; would like to buy several more;

if the price, in theory goes to $$ millions....I cannot cash out all at once and am limited on how much I can sell;

why is that ?

thanks !!

[p3rplexamous]

They set withdraw and deposit limits based on your verification level.  The more verification steps you go through to verify you and your account, the higher the limits are.  You can view this info here https://support.coinbase.com/customer/en/portal/articles/1220621-identity-verification

[Sanglotslongs2]

I heard that coinbase faces a very high rush from new user. So don't be surprised if it'll take time to upgrade your level verification. Be patient, and if you are not you can still buy coin via bitpanda or against cash IRL (but with a good extra fees like 8-10%).