2015-02-07 CA - Trucoin Takes on CoinBase & Circle With Daily Bitcoin Limit

[jdebunt]

http://www.cryptoarticles.com/crypto-news/trucoin-takes-on-coinbase-circle-with-their-daily-us1000-bitcoin-buying-limit

Buying and selling Bitcoin in the United States is still subject to certain limits on the amount you can purchase per week. Even though companies such as Circle (US$2,500 per week) and CoinBase (US$1,000 per week if you purchase up to US$50,000; otherwise just US$100 per week). are active companies in the US markets, there is still a lot of room for competition. Trucoin is aiming to fill that gap, as their customers can now purchase up to U$1,000 in Bitcoin on a daily basis.

[kjlimo]

I didn't realize Coinbase limits weekly.  Pretty sure I can do $50k daily, but I could be wrong.  Can't recall the last time I checked that.

Perhaps with Coinbase becoming and exchange, this will change anyway?

[jdebunt]

I didn't realize Coinbase limits weekly.  Pretty sure I can do $50k daily, but I could be wrong.  Can't recall the last time I checked that.

Perhaps with Coinbase becoming and exchange, this will change anyway?

It might change indeed, one of the many aspects people will be keeping an eye on no doubt

[cr1776]

I didn't realize Coinbase limits weekly.  Pretty sure I can do $50k daily, but I could be wrong.  Can't recall the last time I checked that.

Perhaps with Coinbase becoming and exchange, this will change anyway?

The so-called 'facts' in the article are incorrect.  It appears they are mixing up "instant buy" (which appears to be done through a credit card and so is higher risk for them) and regular buys.  Regular buys for level 2 look like they are $50,000/day.  I logged into coinbase and the limits were $10,000/day since perhaps I haven't verified stuff.

Some references:
http://blog.coinbase.com/post/74631122841/a-change-in-limits-and-denominations
https://support.coinbase.com/customer/portal/articles/1412684-why-have-the-instant-buy-limits-changed-updated-1-27-2014