Coinbase is a popular cryptocurrency exchange platform that allows users to buy and sell digital assets. While Coinbase is a convenient platform to use for many, it does have certain limitations. Specifically, Coinbase limits the amount of funds users can buy and sell on the platform. This article will discuss how users can increase their Coinbase account limits for buying and selling cryptocurrencies.
Know Your Limits
Before attempting to increase your Coinbase account limits for buying and selling cryptocurrencies, it is important to understand your current limits. Coinbase has two main account limits, one for buying and one for selling. Both these limits can be found in the “Limits & Verifications” section of the Coinbase app. There are also other limits which are specific to certain currencies and payment methods. It is important to familiarize yourself with all these limits before attempting to increase your account limits on Coinbase.
Verify Your Identity
Coinbase requires users to verify their identity before they can increase their account limits. This is an important step as Coinbase will not increase the account limits of users who have not completed identity verification. To verify your identity, you will need to provide Coinbase with your legal name, address, date of birth, and a government-issued ID. Once your identity has been verified, Coinbase will give you access to higher buying and selling limits.
Link Your Payment Methods
Coinbase allows users to link their bank accounts, debit cards, and credit cards to their accounts. Linking your payment methods is another way to increase your Coinbase account limits. When you link a payment method, Coinbase will verify your account and provide you with higher buying and selling limits. It is important to note that Coinbase may ask you to verify your payment method by making a deposit to your account.
Increase Your Limits Through Coinbase Pro
Coinbase Pro is Coinbase’s trading platform for advanced traders. Coinbase Pro allows users to trade digital assets with higher limits than on the regular Coinbase platform. To increase your account limits on Coinbase Pro, you will need to complete the identity verification process, link your payment methods, and complete the Coinbase Pro verification process. Once you have completed all these steps, you will be able to increase your account limits on Coinbase Pro.
Conclusion
Increasing your Coinbase account limits for buying and selling cryptocurrencies is possible, but it does require some effort. To increase your account limits, you will need to complete identity verification, link your payment methods, and, depending on your trading style, complete the Coinbase Pro verification process. With the right steps, you can increase your Coinbase account limits and take advantage of higher buying and selling limits.
Video Link