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Are there any limits on the amount of cash that can be transferred from Coinbase to a bank account?

avatarPAVITHRAN T ECEDec 17, 2021 · 3 years ago3 answers

I would like to know if there are any restrictions or limits on the amount of cash that can be transferred from Coinbase to a bank account. Can I transfer a large sum of money or are there any specific limits in place?

Are there any limits on the amount of cash that can be transferred from Coinbase to a bank account?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    Yes, there are limits on the amount of cash that can be transferred from Coinbase to a bank account. Coinbase has different limits depending on the account verification level. For example, for users with a Level 1 account, the daily limit for bank withdrawals is $10,000. However, for users with a Level 2 account, the daily limit increases to $25,000. It's important to note that these limits may vary and it's recommended to check Coinbase's website or contact their support for the most up-to-date information.
  • avatarDec 17, 2021 · 3 years ago
    Absolutely! Coinbase does impose limits on the amount of cash that can be transferred from your Coinbase account to a bank account. The limits are based on your account verification level. If you have a Level 1 account, the daily limit for bank withdrawals is $10,000. However, if you have a Level 2 account, you can withdraw up to $25,000 per day. It's always a good idea to check Coinbase's website for the most accurate and up-to-date information on withdrawal limits.
  • avatarDec 17, 2021 · 3 years ago
    Yes, there are limits on the amount of cash that can be transferred from Coinbase to a bank account. The specific limits depend on your account verification level. For Level 1 accounts, the daily withdrawal limit is $10,000. However, if you have a Level 2 account, you can withdraw up to $25,000 per day. It's important to note that these limits may change over time, so it's always a good idea to check Coinbase's website or contact their customer support for the most current information.