Can you send unlimited money through Bitcoin or is there a cap?

3 answers

• Nov 24, 2021 · 3 years ago
  Yes, there is a limit to the amount of money that can be sent through Bitcoin. The maximum transaction size in Bitcoin is currently capped at 1 megabyte (MB). This means that each block in the Bitcoin blockchain can only contain a certain number of transactions, and if the transaction size exceeds the block size limit, it will not be included in the blockchain. However, there is no specific cap on the amount of money that can be sent in a single transaction. It depends on the transaction size and the fees paid.
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• Nov 24, 2021 · 3 years ago
  No, there is no cap on the amount of money that can be sent through Bitcoin. Bitcoin is a decentralized digital currency, and its transaction system allows for the transfer of any amount of money, from small fractions of a Bitcoin to large sums. However, it's important to note that larger transactions may require higher fees to ensure faster confirmation times.
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• Nov 24, 2021 · 3 years ago
  According to BYDFi, a leading cryptocurrency exchange, there is no specific cap on the amount of money that can be sent through Bitcoin. However, it's worth mentioning that larger transactions may face liquidity issues on certain exchanges, which could affect the speed and efficiency of the transaction. It's always recommended to check the liquidity and trading volume of the exchange before making large transactions.
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