bitcoin purchasing limits

John Lamborn asked 3 years ago

We are trying to buy a block of bitcoin.  The wallet says our limit is $200.00 per week.  We purchased $2500 two weeks in a row.  Why is there a limit if we have cash in the bank?

1 Answers
Steven Hay answered 3 years ago

Hi John,
I think by wallet you probably mean exchange? Bitcoin software and hardware wallets don’t have limits but many exchanges do, as they must comply with regulations, etc. If you’re purchasing more than your exchange’s stated limit, watch out – they might freeze your account.

Bitcoin Video Crash Course 

Dummy-proof explainer videos enjoyed by over 100,000 students. One email a day for 7 days, short and educational, guaranteed.

We hate spam as much as you do. You can unsubscribe with one click.