Crypto News Flash #227: Coinbase Boosted Its Crypto Buying Limit To $25000 Per Day

Cryptocurrency exchanges are now facing huge competitions as new exchange are being set-up every day offering affordable trading services and brokerage. In order to thrive in this space, the existing exchanges had to amend their policies or charges so that they would continue to grow further and earn consistent revenue.

Coinbase is a popular exchange in crypto space, generating Millions of dollars volume and it is among those few exchange which support crypto-to-fiat trading. Coinbase has a large customer base and thus has high influence and status in the crypto market space.

Facing stiff competition, Coinbase has increased its Crypto buying limit to $25000 per day.

Moreover, now users wont have to wait for 5 days after signing-up before they can start trading. Now, they after Signing-up, users can immediately start funding their account with fiat and immediately start buying crypto and trading as well. 

Coinbase announced recently : 

 "While we do support instant transfers via wire transfer and debit cards, purchases via direct debits from your bank account can take days to appear. With this update, customers will receive an immediate credit for the funds being sent from their bank account. They can then buy and sell crypto to and from their USD wallet right away, but cannot send their funds off the Coinbase platform until the funds coming from their bank have settled." 

Although, the $25000 will be available only to those customers who have verified their account. 

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